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Sprague Resources LP Reports Third Quarter 2016 Results

November 7, 2016 6:00 AM EST

PORTSMOUTH, N.H., Nov. 07, 2016 (GLOBE NEWSWIRE) --  Sprague Resources LP (Sprague) (NYSE: SRLP) today reported its financial results for the third quarter ended September 30, 2016.

Net sales were $422.8 million for the third quarter of 2016, compared to net sales of $558.0 million for the third quarter of 2015.Net loss was $8.8 million for the third quarter of 2016, compared to net income of $8.6 million for the third quarter of 2015.Adjusted gross margin was $54.8 million for the third quarter of 2016, compared to adjusted gross margin of $50.3 million for the third quarter of 2015.Adjusted EBITDA... More