Sprague Resources (SRLP) Misses Q2 EPS by 26c
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Sprague Resources LP Reports Second Quarter 2016 Results and Extends Guidance on Distribution Growth Through 2018
August 5, 2016 6:00 AM EDTPORTSMOUTH, N.H., Aug. 05, 2016 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2016.
Sprague's second quarter performance continues to highlight our unique value proposition within the MLP sector. Sprague has continued to grow distributions at a double-digit rate year over year while maintaining high coverage and balance sheet strength, said David Glendon, President and Chief Executive Officer. Though Sprague reported a GAAP net loss of $9.7 million during the second quarter, adjusted gross margin increased $8.1 million, adjusted EBITDA grew by $9.9 million, and Sprague generated... More
