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Sprague Resources LP (SRLP)

NYSE - NYSE Delayed Price. Currency in USD
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15.71-0.01 (-0.06%)
At close: 4:00PM EDT
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  • M
    Mad_Ratter
    Two weeks to earnings. Here's my prediction: Report a GAAP loss, cash flow positive, and maintain dividend. ...no going out on a linb there - that's been the quarterly results for 2 years now.
  • a
    abc13
    Has anyone been a longterm holder of this stock? I am considering it for the dividends. It seems like they've paid a dividend consistently.
  • J
    Jill
    Sprague expects to maintain the 2019 quarterly distributions at the current distribution level of $0.6675 per unit. NICE
  • M
    Mad_Ratter
    Just added another 1,200 shares at $17.21. Puts me to 4,800 shares - so dividend is getting to be a nice chunk of change. ...next but in for me is at $16’ish if it ever gets that low again (unlikely)
  • L
    L.O.O. Enterprises, Inc.
    How does this work in a Roth IRA? Dividends are taxable but share gains are not?
  • M
    Mad_Ratter
    This is a cash generator. For a business at this maturity level cash is more important than earnings. They are doing a great job and the dividend stays intact. A 16% yield will self correct, meaning the stock price will continue to increase.

    The encouraging news is the growth outside of heating oil. This is good diversification for SRLP and less volatile. That said, it also doesn't hurt that 2019 has started out with a lot of very cold days here in the North. I expect they'll have very good results to report for the Q1 close. Don't bet on this stock staying below $18 by April. I think it's more likely it's over $20 after Q1 results are posted.
  • M
    Mad_Ratter
    EBITDA up 60% YOY. That’s extremely encouraging. Dividend maintained and still generating cash for other opportunities. I don’t understand how this stays under $20 but I don’t care. Keep giving me these great dividends and opportunities to buy more shares with a 15% yield - thank you.
  • e
    econphd
    Is the philly refiner fire today somehow beneficial to SRLP thus explaining the almost 4% raise today ??
  • J
    Jill
    I`d love to see the list of sellers today including relatives/friends of employees .This was down almost a buck on big volume before a little recovery . I don`t think earnings will be close .
  • A
    Anonymous
    It seems that someone who is not satisfied with the low offering may file a class action suit. there needs to be some weighted average buyout price that matches the unit price over the past year or two.
  • L
    Luis
    What is going on with this stock?
  • J
    Jill
    This is from 3rd quarter "The distribution coverage ratio(1) for full-year 2018 is expected to be slightly below 1.0x. The distribution coverage ratio(1) for full-year 2018 is expected to be slightly below 1.0x. " Also they lowered guidance to 110-120 on 3rd quarter then this from Pres. and CEO "As a result, Sprague expects full-year 2018 adjusted EBITDA to be below our previously updated guidance of $110 to $120 million and our distribution coverage to be below 1.0x. He then goes on to say " believe that the drivers behind this decline are challenges that Sprague will be able to manage through incremental growth and continued cost management initiatives in 2019, together with normal weather and market structure assumptions. I would say there is zero chance that they pay out 17 % dist. I`m guessing they reduce to 10 %. GLP did same thing a few years back .SDLP will be at 11 by tomorrow noon .
  • B
    Bob
    Love the dividend, bought another 1500 shares yesterday!
  • J
    Jill
    Looks like a beat to me (.43 loss vs .48 est. loss. Maintaining distribution. I'll take it .
  • J
    Jill
    looks like they beat with a 30 cent loss vs estimates of 44 cent loss . distribution same. In line with expectations...good enough . I agree with not a lot of shares traded. Put buy limit and maybe snag some cheap.
  • R
    Ramon
    This company does not depend on oil price. They got business whether the price goes up or down. The peak of his business is in winter,because the heating oil sales.
  • T
    Tom
    That is the most half-hearted take out offer I have witnessed. GET REAL GUYS
  • J
    Jill
    beat by 3 cents. …..$1.40....1.37 concensus
  • m
    mwhuffington
    $13 offer yielding 20% is a joke. I can see an offer of $26 for 10% yield
  • C
    Chi
    Sprague Resources Holdings LLC, Director by Deputization of Sprague Resources LP bought 723738 shares on 2020-06-05. https://formwhispers.com/s?t=SRLP
    FormWhispers - Trading Ideas from Insider Sprague Resources LP SRLP.
    FormWhispers - Trading Ideas from Insider Sprague Resources LP SRLP.
    formwhispers.com