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Stock impact report

Sprague Resources LP Reports Third Quarter 2018 Results

Sprague Resources LP Common Units representing Limited Partner Interests (SRLP) 
Last sprague resources lp common units representing limited partner interests earnings: 3/5 06:00 am Check Earnings Report
US:NYSE Investor Relations: spragueenergy.com/investor-relations
Company Research Source: GlobeNewswire
PORTSMOUTH, N.H., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the third quarter ended September 30, 2018. Third Quarter 2018 Highlights Net sales were $618.5 million for the third quarter of 2018, compared to net sales of $491.4 million for the third quarter of 2017.GAAP net loss was $18.4 million for the third quarter of 2018, compared to net loss of $14.3 million for the third quarter of 2017.Adjusted gross margin(1) was $46.1 million for the third quarter of 2018, compared to adjusted gross margin of $48.5 million for the third quarter of 2017.Adjusted EBITDA(1) was $8.6 million for the third quarter of 2018, compared to adjusted EBITDA of $14.8 million for the third quarter of 2017. "Challenging market conditions in Refined Products limited our traditional purchasing opportunities in the quarter and, combined with increased interest costs, led to lower coverage," said Mr. David Glendon, President and Show less Read more
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