Sprague Resources LP Announces Closing of Natural Gas Marketing Business Acquisition
The purchase adds approximately 1,000 commercial and industrial natural gas customers to Sprague’s core Northeast customer portfolio and is expected to increase its annual natural gas sales volume by approximately 10 Bcf.
“I am pleased to announce the successful completion of this acquisition, and believe it is another good example of our ability to find strategic growth opportunities in this challenging environment for energy companies,” said
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties and other factors that are difficult to predict and many of which are beyond management’s control. Although Sprague believes that the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements are inherently uncertain and involve risks that may affect our business prospects and performance causing actual results to differ from those discussed in the foregoing release. Such risks and uncertainties include, by way of example and not of limitation: increased competition for our products or services; changes in supply or demand for our products; changes in operating conditions and costs; changes in the level of environmental remediation spending; potential equipment malfunction; potential labor issues; the legislative or regulatory environment; terminal construction/repair delays; nonperformance by major customers or suppliers; and political and economic conditions, including the impact of potential terrorist acts and international hostilities. These and other applicable risks and uncertainties have been described more fully in Sprague’s most recent Annual Report on Form 10-K filed with the
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