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Sprague Resources

DB:7SG
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7SG
DB
$299M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Sprague Resources is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Sprague Resources has significant price volatility in the past 3 months.
7SG Share Price and Events
7 Day Returns
1.8%
DB:7SG
16.2%
DE Oil and Gas
9.9%
DE Market
1 Year Returns
-28.3%
DB:7SG
23.3%
DE Oil and Gas
-17.5%
DE Market
7SG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sprague Resources (7SG) 1.8% 4.7% -20.8% -28.3% -52.3% -51.5%
DE Oil and Gas 16.2% -14.4% -27.4% 23.3% -22.4% 141.6%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 7SG underperformed the Oil and Gas industry which returned 23.3% over the past year.
  • 7SG underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
7SG
Industry
5yr Volatility vs Market

7SG Value

 Is Sprague Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sprague Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sprague Resources.

DB:7SG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 2.67
Payout Ratio Company Filings (2019-12-31) 14214.5%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7SG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.814 (1 + (1- 21%) (283.09%))
2.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:7SG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Sprague Resources is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:7SG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $2.67 / (10.49% - -0.39%)
$9.74
DB:7SG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7SG represents 0.8791x of NYSE:SRLP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8791x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.60 x 0.8791
€11.08
Value per share (EUR) From above. €11.08
Current discount Discount to share price of €11.65
= -1 x (€11.65 - €11.08) / €11.08
-5.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sprague Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sprague Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sprague Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7SG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.10
NYSE:SRLP Share Price ** NYSE (2020-03-31) in USD $13.25
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sprague Resources.

DB:7SG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SRLP Share Price ÷ EPS (both in USD)

= 13.25 ÷ 1.10

12.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprague Resources is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Sprague Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sprague Resources's expected growth come at a high price?
Raw Data
DB:7SG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
22.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.13x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:7SG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.01x ÷ 22.8%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprague Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sprague Resources's assets?
Raw Data
DB:7SG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.12
NYSE:SRLP Share Price * NYSE (2020-03-31) in USD $13.25
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.93x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:7SG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SRLP Share Price ÷ Book Value per Share (both in USD)

= 13.25 ÷ 4.12

3.21x

* Primary Listing of Sprague Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sprague Resources is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Sprague Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Sprague Resources has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

7SG Future Performance

 How is Sprague Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sprague Resources expected to grow at an attractive rate?
  • Sprague Resources's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sprague Resources's earnings growth is expected to exceed the Germany market average.
  • Sprague Resources's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7SG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7SG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 22.8%
DB:7SG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -6.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7SG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7SG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,054 82 39 1
2020-12-31 3,230 67 25 1
DB:7SG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,502 -65 25
2019-09-30 3,583 98 50
2019-06-30 3,619 91 39
2019-03-31 3,698 99 31
2018-12-31 3,771 159 72
2018-09-30 3,619 121 23
2018-06-30 3,492 39 28
2018-03-31 3,264 8 35
2017-12-31 2,851 57 26
2017-09-30 2,690 152 38
2017-06-30 2,621 122 44
2017-03-31 2,585 121 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sprague Resources's earnings are expected to grow significantly at over 20% yearly.
  • Sprague Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7SG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sprague Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.33 1.33 1.33 1.00
2020-12-31 0.72 0.72 0.72 1.00
DB:7SG Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.10
2019-09-30 2.19
2019-06-30 1.72
2019-03-31 1.35
2018-12-31 3.17
2018-09-30 1.02
2018-06-30 1.25
2018-03-31 1.55
2017-12-31 1.15
2017-09-30 1.74
2017-06-30 2.04
2017-03-31 2.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sprague Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sprague Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sprague Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

7SG Past Performance

  How has Sprague Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sprague Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sprague Resources's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sprague Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sprague Resources's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Sprague Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sprague Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,502.41 25.09 161.86
2019-09-30 3,582.79 49.77 160.56
2019-06-30 3,618.66 39.02 160.45
2019-03-31 3,698.29 30.60 162.12
2018-12-31 3,771.13 71.94 168.03
2018-09-30 3,619.41 23.20 172.91
2018-06-30 3,492.35 28.35 168.88
2018-03-31 3,264.32 34.95 164.35
2017-12-31 2,850.97 25.50 156.66
2017-09-30 2,689.65 38.06 150.17
2017-06-30 2,621.04 44.12 151.91
2017-03-31 2,584.90 42.64 150.78
2016-12-31 2,390.00 8.42 148.96
2016-09-30 2,286.96 38.35 151.46
2016-06-30 2,422.21 56.11 153.77
2016-03-31 2,606.46 63.63 155.57
2015-12-31 3,481.91 78.03 162.95
2015-09-30 4,016.12 113.43 162.05
2015-06-30 4,355.50 94.23 153.61
2015-03-31 4,673.42 87.34 143.53
2014-12-31 5,069.76 118.73 136.51
2014-09-30 5,148.07 19.69 128.71
2014-06-30 5,190.94 23.99 124.36
2014-03-31 5,133.10 30.77 123.74
2013-12-31 4,683.35 -30.23 108.28
2013-09-30 4,709.66 -4.14 108.07
2013-06-30 4,473.07 -8.48 103.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Sprague Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Sprague Resources used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Sprague Resources has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sprague Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sprague Resources has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

7SG Health

 How is Sprague Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sprague Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sprague Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sprague Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sprague Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sprague Resources Company Filings, last reported 3 months ago.

DB:7SG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 93.78 811.78 5.39
2019-09-30 94.76 595.29 6.95
2019-06-30 123.47 564.29 6.10
2019-03-31 150.41 683.63 6.46
2018-12-31 136.98 661.10 7.53
2018-09-30 124.37 615.50 18.62
2018-06-30 159.44 569.48 8.61
2018-03-31 189.04 692.07 5.61
2017-12-31 131.83 725.35 6.82
2017-09-30 158.22 591.37 5.02
2017-06-30 186.91 458.16 5.09
2017-03-31 176.27 544.29 16.02
2016-12-31 125.44 556.07 3.92
2016-09-30 136.33 564.99 3.79
2016-06-30 156.43 429.99 11.28
2016-03-31 177.06 529.13 8.38
2015-12-31 157.49 617.62 37.01
2015-09-30 138.33 556.57 14.98
2015-06-30 139.80 543.18 9.24
2015-03-31 151.70 729.37 21.61
2014-12-31 115.89 816.12 4.22
2014-09-30 66.71 392.49 0.50
2014-06-30 83.36 248.95 1.24
2014-03-31 100.53 339.44 5.16
2013-12-31 71.29 573.22 2.05
2013-09-30 122.02 467.95 3.31
2013-06-30 116.00 458.80 0.43
  • Sprague Resources's level of debt (865.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (701% vs 865.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sprague Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sprague Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

7SG Dividends

 What is Sprague Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
20.15%
Current annual income from Sprague Resources dividends. Estimated to be 20.15% next year.
If you bought €2,000 of Sprague Resources shares you are expected to receive €403 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sprague Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Sprague Resources's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7SG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7SG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.67 1.00
2020-12-31 2.67 1.00
DB:7SG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-24 2.670 19.608
2019-10-25 2.670 15.885
2019-08-07 2.670 15.760
2019-04-26 2.670 14.704
2019-01-23 2.670 15.287
2018-10-26 2.670 14.746
2018-07-26 2.670 10.294
2018-04-26 2.610 10.908
2018-01-26 2.550 10.518
2017-10-26 2.490 9.969
2017-07-26 2.430 9.423
2017-04-27 2.370 8.734
2017-01-27 2.310 8.582
2016-10-28 2.250 8.776
2016-07-27 2.190 9.033
2016-04-27 2.130 8.938
2016-01-27 2.070 10.911
2015-10-28 2.010 9.486
2015-07-29 1.950 8.710
2015-04-29 1.890 7.127
2015-01-28 1.830 7.370
2014-10-29 1.770 7.802
2014-07-29 1.710 6.912
2014-04-29 1.650 6.842
2014-01-29 1.650 8.656

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Sprague Resources has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sprague Resources only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Sprague Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sprague Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sprague Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sprague Resources has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

7SG Management

 What is the CEO of Sprague Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Glendon
COMPENSATION $897,787
AGE 53
TENURE AS CEO 8.7 years
CEO Bio

Mr. David C. Glendon, also known as Dave, has been the Chief Executive Officer, Chief Operating Officer since January 01, 2019 and President of Sprague Resources GP LLC, General Partner of Sprague Resources LP. Since joining Sprague in June, 2003, Mr. Glendon focused on driving the execution of a customer-centric approach across all elements of the business. Since joining Sprague in June 30, 2003, he served as Senior Vice President of Sales & Marketing and Senior Vice President of Oil and Materials Handling, focusing on driving the execution of a customer-centric approach across all elements of the business. Prior to Sprague, he served as a Partner and Global Account Manager at Monitor Group. He founded and served as Managing Director of Monitor Equity Advisors, Monitor's business which worked with leading private capital providers in evaluating transactions and enhancing the strategic positions of their portfolio investments. He has been a Director of Sprague Resources GP LLC since July 2011. Mr. Glendon received a Bachelor's Degree cum laude in Psychology from Williams College and an M.B.A. from the Stanford Graduate School of Business.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sprague Resources management team in years:

8.7
Average Tenure
57
Average Age
  • The average tenure for the Sprague Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Glendon

TITLE
President
COMPENSATION
$898K
AGE
53
TENURE
8.7 yrs

David Long

TITLE
CFO & Principal Accounting Officer of Sprague Resources GP LLC
COMPENSATION
$465K
AGE
45
TENURE
1.2 yrs

Steve Scammon

TITLE
VP & Chief Risk Officer of Sprague Resources GP LLC
COMPENSATION
$469K
AGE
57
TENURE
8.7 yrs

Brian Weego

TITLE
Vice President of Natural Gas - Sprague Resources GP LLC
COMPENSATION
$460K
AGE
53
TENURE
8.7 yrs

Burton Russell

TITLE
Vice President of Operations - Sprague Resources GP LLC
AGE
64
TENURE
8.7 yrs

Paul Scoff

TITLE
VP, General Counsel
AGE
60
TENURE
8.7 yrs

Joe Smith

TITLE
Vice President of Corporate Development & IT - Sprague Resources GP LLC
COMPENSATION
$1M
AGE
62
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Sprague Resources board of directors in years:

8.7
Average Tenure
55
Average Age
  • The tenure for the Sprague Resources board of directors is about average.
Board of Directors

Mike Milligan

TITLE
Chairman of the Board of Sprague Resources GP LLC
AGE
55
TENURE
8.7 yrs

David Glendon

TITLE
President
COMPENSATION
$898K
AGE
53
TENURE
8.7 yrs

Greg Harper

TITLE
Independent Director of Sprague Resources GP LLC
COMPENSATION
$135K
AGE
54
TENURE
6.4 yrs

Gary Rinaldi

TITLE
Director of Sprague Resources GP LLC
COMPENSATION
$120K
AGE
62
TENURE
8.7 yrs

Ben Hennelly

TITLE
Independent Director of Sprague Resources GP LLC
COMPENSATION
$130K
AGE
48
TENURE
8.7 yrs

Sally Sarsfield

TITLE
Director of Sprague Resources GP LLC
AGE
59
TENURE
5 yrs

Beth Bowman

TITLE
Independent Director of Sprague Resources GP LLC
COMPENSATION
$135K
AGE
62
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sprague Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sprague Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

7SG News

Simply Wall St News

7SG Company Info

Description

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. This segment’s wholesale customers consist of approximately 1,200 home heating oil retailers, and diesel fuel and gasoline resellers; and commercial customers include federal and state agencies, municipalities, regional transit authorities, drill sites, large industrial companies, real estate management companies, hospitals, educational institutions, and asphalt paving companies. The Natural Gas segment purchases, sells, and distributes natural gas to approximately 16,000 commercial and industrial customer locations across 13 states in the Northeast and Mid-Atlantic United States. The Materials Handling segment offloads, stores, and prepares for the delivery of various customer-owned products, including asphalt, crude oil, clay slurry, salt, gypsum, residual fuel, coal, petroleum coke, caustic soda, tallow, pulp, and heavy equipment. The Other Operations segment engages in coal marketing and distribution; commercial trucking; and heating equipment service activities. As of December 31, 2018, the company had combined storage capacity of 14.7 million barrels for refined products and other liquid materials, as well as 2.0 million square feet of materials handling capacity. Sprague Resources LP was founded in 1870 and is headquartered in Portsmouth, New Hampshire.

Details
Name: Sprague Resources LP
7SG
Exchange: DB
Founded: 1870
$272,205,835
22,869,059
Website: http://www.spragueenergy.com
Address: Sprague Resources LP
185 International Drive,
Portsmouth,
New Hampshire, 03801,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SRLP Common Units New York Stock Exchange US USD 25. Oct 2013
DB 7SG Common Units Deutsche Boerse AG DE EUR 25. Oct 2013
Number of employees
Current staff
Staff numbers
0
Sprague Resources employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:44
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.