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About
Sprague Resources LP engages in the purchasing, storing, distributing and selling of refined petroleum products and natural gas. The company also provides energy and materials handling services. Its products include home heating oil, diesel fuels, residual fuels, gasoline and natural gas. The company operates its business through the following segments: Refined Products, Natural Gas, Materials Handling and Other Operations. The Refined Products segment offers refined products, such as heating oil, diesel, residual fuel oil, kerosene, jet fuel and gasoline. This segment serves federal and state agencies, municipalities, regional transit authorities, large industrial companies, hospitals and educational institutions. The Natural Gas segment sells and distributes natural gas. The Materials Handling segment stores various customer owned products, including asphalt, clay slurry, salt, gypsum, coal, petroleum coke, caustic soda, tallow, pulp and heavy equipment. Sprague Resources was founded on June 23, 2011 and is headquartered in Portsmouth, NH. | |||
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 and commercial customers. This segment's wholesale customers consist of approximately 1,100 home heating oil retailers, and diesel fuel and gasoline resellers; and commercial customers include federal and state agencies, municipalities, regional transit authorities, 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 15,000 commercial and industrial customer locations across 13 states in the Northeast and Mid-Atlantic. The Materials Handling segment offloads, stores, and prepares for delivery of customer-owned products, including asphalt, clay slurry, salt, gypsum, residual fuel, coal, petroleum coke, caustic soda, tallow, pulp, and heavy equipment. The Other Operations segment engages in the marketing and distribution of coal; commercial trucking; and heating equipment service activities. The company owns and/or operates a network of 19 refined products and materials handling terminals located throughout the Northeast United States and Quebec, Canada that have a combined storage capacity of approximately 14.1 million barrels for refined products and other liquid materials, as well as approximately 2.0 million square feet of materials handling capacity. Sprague Resources LP was founded in 1870 and is headquartered in Portsmouth, New Hampshire. |