Sprague Resources LP (NYSE:SRLP) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.39 per share.
For the full year, analysts predict revenues of $ 2216.80 million, while looking forward to income of $ 0.81 per share.
Previous Quarter Performance
Sprague Resources LP unveiled loss for the second quarter of $ 1.19 per share, from the revenue of $ 358.21 million. The quarterly revenues declined 45.89 percent compared with the same quarter last year. According to street consensus, SRLP was expected to report 2Q20 loss of $ 0.47 per share from revenue of $ 444.34 million. The bottom line results missed street analysts by $ 0.72 or 153.19 percent, at the same time, top line results fell short of analysts by $ 86.13 million or 19.38 percent.
Stock Performance
Shares of Sprague Resources LP traded up $ 0.00 or 0.00 percent on Wednesday, reaching $ 16.20 with volume of 37.40 thousand shares. Sprague Resources LP has traded high as $ 16.70 and has cracked $ 16.20 on the downward trend
The closing price of $ 16.20, representing a 64.80 % increase from the 52 week low of $ 9.83 and a 13.74 % decrease over the 52 week high of $ 18.78.
The company has a market capital of $ 371.35 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Conference Call
Sprague Resources LP will be hosting a conference call at 1:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spragueenergy.com
Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.
