Sprague Resources

What Sprague Resources does

Sprague Operating Resources LLC (dba Sprague Energy) is a privately held, Northeast-focused energy products and services distributor headquartered in Portsmouth, NH, owned by global commodities firm Hartree Partners LP since 2022. Founded in 1870, Sprague serves more than 25,000 commercial, industrial, utility, government, and wholesale customers across the Northeast and Mid-Atlantic, distributing hundreds of millions of gallons annually through a network of 20 strategically located refined products and materials handling terminals. Its core product lines include delivered refined fuels (heating oil, diesel, gasoline, marine and aviation fuel), wholesale fuel, natural gas supply, electricity procurement, solar installation on terminal tanks, and materials handling services including wind turbine blade logistics.

The company's technology layer consists of proprietary pricing programs (HeatCurve, PhysicalCap, PriceFlex), the Sprague Real-Time live pricing platform with iOS/Android apps, electronic tank monitoring for automatic replenishment, and customer portals (MySprague, SpraguePORT). It generates revenue primarily through commodity transaction fees on fuel sales, with subscription-style pricing on natural gas supply and fixed/forward contracts for price-risk-managed volumes, and professional services fees on materials handling. Through its wholly-owned Canadian subsidiary Kildair Service ULC, Sprague operates a 3.2 million-barrel Sorel-Tracy terminal providing heavy fuel oil, marine bunker fuels, liquid asphalt, and 250-vehicle transportation services; Kildair partnered with Suncor in 2023 for marketing and distribution.

Name

Sprague Resources

Legal name

Sprague Operating Resources LLC

Website

https://spragueenergy.com

Company type

Private

Founded year

1870

Operating status

Operating

Headcount range

251–500 employees

Short description

Sprague Resources is a privately held Northeast energy distributor, owned by Hartree Partners, that delivers refined fuels, natural gas, electricity, and terminal services to 25,000+ commercial, industrial, and government customers via a 20-terminal network.

Ownership category

akta.pro rank

Product category

Energy Distribution and Fuel Supply

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720), Fuel Dealers (4572)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Refined Products Terminals (Gasoline, Diesel, Jet, Heating Oil) (EUALAEAB)

akta.pro secondary industries

Marine Bunkering & Port Fuel Supply (EUALAIAG), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

Keywords

• Energy distribution services
• Refined products supply
• Natural gas procurement
• Marine and bunker fuels
• Terminal logistics

Headquarters

HQ city

Portsmouth

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Refined Products Sales: Sale of heating oil, gasoline, kerosene, diesel, renewable diesel, ethanol-free gasoline, bio fuel, residual fuel, and aviation fuel through terminal network and delivered fuel services across the Northeast and Mid-Atlantic.
2. Natural Gas Supply: Natural gas procurement and supply to commercial and industrial customers, offering fixed, variable, market-based, and customized pricing programs. Company delivers natural gas to utilities who then deliver to customers.
3. Electricity Supply: Electricity procurement services protecting customers from market fluctuations, enabling streamlined energy procurement for business success.
4. Wholesale Fuel Distribution: Distribution of hundreds of millions of gallons annually from strategic terminals to resellers and commercial customers with price risk management programs and market intelligence.
5. Materials Handling Services: Onshore and offshore materials handling including wind turbine blade transport, asphalt handling, and specialized logistics from strategic Northeast terminals.
6. Marine and Bunker Fuel: Supply of marine diesel, marine gasoline, ValvTect® products, and bunker fuels (HS RMG 380, LS RMG 380, MGO, Bunker #4A, #5A, #6C) at various Northeast locations.
7. Solar Solutions: Installation of solar panels on storage tanks and provision of solar solutions to terminal operators nationwide.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

Sprague Resources distributes refined petroleum products (heating oil, diesel, gasoline, kerosene, marine and bunker fuels), supplies natural gas and electricity, and operates a network of 20 terminals across the Northeast and Quebec for storage, handling, and materials handling services. It serves commercial, industrial, government, utility, marine, and wholesale customers with branded pricing programs, real-time pricing technology, electronic tank monitoring, and 24/7 customer support. Through subsidiary Kildair Service ULC, it also supplies heavy fuel oil, liquid asphalt, marine/bunker fuels, and transportation services from a Sorel-Tracy terminal on the St. Lawrence Seaway.

Product overview

Sprague Resources is an energy solutions provider offering a diversified portfolio of energy products and services across the Northeast and Eastern Canada. The core offerings include Natural Gas supply, Wholesale Fuel distribution, Delivered Fuel services, Electricity procurement, Solar installations, Materials Handling, and Terminal operations. The company operates 20 terminals across the Northeast and Quebec. Key branded products include pricing programs (HeatCurve, PhysicalCap, PriceFlex), premium fuels (HeatForce heating fuel, SeaForce and ValvTect marine fuels, Purfuels ethanol-free gasoline), and customer management platforms (MySprague, SpraguePORT, Sprague Real-Time pricing platform). Through its Kildair subsidiary, Sprague also offers specialized heavy fuel oil, bunker fuels, liquid asphalt, and transportation services from its Sorel-Tracy terminal in Quebec. The products are supported by market intelligence tools and fuel management programs (FuelControl, FleetControl) to serve commercial, industrial, government, and wholesale customers.

Differentiator

Problem solved

Functional benefit

Brands

• SeaForce™: Premium marine diesel and gasoline fuel specially formulated to clean up fuel system deposits
• HeatCurve®
• PhysicalCap®
• PriceFlex®
• Sprague Real-Time®
• FuelControl®
• FleetControl®
• HeatForce®
• ValvTect® Marine Fuel
• Purfuels®

Products and services

• Natural Gas Supply Natural gas procurement and supply services for commercial and industrial businesses, with customizable pricing programs (fixed, variable, market-based, customized for customers using at least 50,000 therms/month). Sprague sources natural gas from different US geographies and delivers to utilities who then deliver to customers.
• Wholesale Fuel Distribution of hundreds of millions of gallons of refined products annually from 20 strategic terminals across the Northeast to resellers and commercial customers, with price risk management programs, market intelligence, and the Sprague Real-Time online pricing tool.
• Delivered Fuel Direct fuel delivery services for heating oil, gasoline, kerosene, diesel, renewable diesel, marine fuel, and aviation fuel to commercial, industrial, and government customers across the Northeast and Mid-Atlantic, with automatic delivery via electronic tank monitoring and 24-hour phone support.
• Electricity Procurement Electricity procurement services for commercial customers that protect them from market fluctuations and streamline energy procurement for business success.
• Solar Solutions Solar panel installation services, initially deployed on Sprague's own storage tanks and extended to terminal operators nationwide.
• Materials Handling Services Onshore and offshore materials handling at strategic Northeast terminals, including wind turbine blade transport, asphalt handling, and other oversized cargo logistics.
• Terminal Services Refined products and materials handling terminal network with 20 terminals across the Northeast and Quebec, providing storage and distribution capabilities, including the 3.2-million-barrel Kildair Sorel-Tracy facility with deepwater dock and rail access.
• SeaForce Premium Marine Fuel Specially formulated premium marine diesel and gasoline designed to clean fuel system deposits, provide superior corrosion protection, prevent bacteria growth, reduce emissions and fuel consumption, and stabilize fuel for extended shelf life.
• ValvTect Marine Fuel Marine gasoline and diesel specifically designed for marine engines, offering up to 1-year stability, extra moisture dispersants, and BioGuard micro-biocide. Available across Long Island, NYC, Westchester County, Northern NJ, and Lower Connecticut, with a 10¢ per gallon rebate program March 1 - September 4, 2025.
• Purfuels Ethanol-Free 93-Octane Gasoline Oxygenated reformulated gasoline (RFG) with Isobutanol instead of ethanol, designed for marine engines and specialty vehicles. Marketed as the first legally approved ethanol-free fuel option for NY metro market marinas.
• HeatForce Premium Heating Fuel Premium branded heating fuel designed to optimize heating system performance and reduce service calls, available since 2014.
• Sprague Real-Time Pricing Platform Industry-leading online pricing tool offering live price updates throughout the day, ability to lock in the lowest Sprague price from the moment of order placement, embedded real-time messaging, price alerts, and direct integration to SpraguePORT. Available as iOS and Android mobile app.
• Kildair Marine Fuel Marine fuel offerings including VLSFO (0.5% sulfur), MGO, and HSFO for ships equipped with scrubbers, meeting IMO 2020 and ECA zone requirements and ISO 8217:2017 quality standards. Available through Kildair's Sorel-Tracy facility.

Quantifiable outcome

• Serves 25,000 commercial, industrial, utility and wholesale customers
• +4 more outcomes

Named customers4 records

Segments11 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• HyperfuelscoreStrategic or Co-development Partner · 18 August 2025Sprague partnered with Hyperfuels to supply and distribute Purfuels® Ethanol Free 93-Octane, an oxygenated reformulated gasoline (RFG), across the Northeast. This is the first 93-octane ethanol-free gasoline introduced in the US in nearly 50 years. First delivery was made to Moriches Boat and Motor on Long Island in August 2025. Sprague is the first to offer this premium ethanol-free fuel in the Northeast.
• SuncorcoreStrategic or Co-development Partner · 1 January 2023Kildair partnered with Suncor beginning in 2023, leveraging Suncor's extensive network and marketing capacity while delivering superior operational and manufacturing at the Sorel-Tracy site. This partnership focuses on the development of strategic activities.
• Eastern Canadian Response Corporation Ltd (ECRC)minorStrategic or Co-development PartnerKildair works with ECRC, an emergency response organization certified by Transport Canada. ECRC provides significant marine spill response services and emergency preparedness training for the Sorel-Tracy terminal.
• ValvTect®coreChannel Partner/ Reseller/ DistributorSprague offers ValvTect® marine fuel brand (diesel and gasoline) in Long Island, New York City, Westchester County, Northern New Jersey, and Lower Connecticut. ValvTect® is specifically designed to counteract challenges in low and ultra-low sulfur diesel fuels.
• AASHTO re:sourceminorOthersKildair's laboratory in Sorel-Tracy is accredited by AASHTO re:source since October 7, 2004. The accreditation is granted by APP (AASHTO Accreditation Program) for Quality Management System (R18) and Asphalt Binder testing standards.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• World Kinect Corporation (formerly World Fuel Services): World Kinect is a global marine, aviation, and land fuel distributor serving commercial and government customers worldwide. Its marine segment directly overlaps with Sprague/Kildair's bunker and marine fuel business, and it provides a relevant comparable for Sprague's energy marketing operations across geographies.
• Global Partners LP: Global Partners is a Northeast-focused master limited partnership that distributes gasoline, distillates, residual oil, and renewable fuels through its own terminal network. It is the most directly comparable peer to Sprague, operating a similar mix of refined products distribution, terminal operations, and gas station / convenience store retail across the same Northeast geography.
• Sunoco LP: Sunoco LP is one of the largest wholesale motor fuel distributors in the US, supplying unbranded fuel to sub-jobbers and dealers across the Northeast, Mid-Atlantic, and other regions. It competes directly with Sprague's wholesale fuel business and shares the MLP structure that Sprague previously employed (NYSE: SRLP).
• CrossAmerica Partners LP: CrossAmerica Partners is a wholesale and retail fuel distributor primarily operating in the eastern and central US, with a network of company-operated and dealer sites. It is a directly comparable peer for Sprague's wholesale fuel and dealer supply business, particularly in the Mid-Atlantic and Northeast markets.

Others

• Kpler: Kpler is a commodity intelligence and analytics platform used by energy traders, including Hartree Partners. It is not a direct competitor but represents the technology enablement layer adjacent to Sprague's wholesale fuel business, relevant for understanding how Hartree's trading capabilities connect to Sprague's physical distribution assets.

Emerging players

• Green Plains Inc. Green Plains is an ethanol producer expanding into low-carbon fuel distribution and renewable diesel. It represents an emerging player in the low-carbon fuel space where Sprague has launched renewable diesel distribution and Purfuels® ethanol-free gasoline, providing a partial comparable for Sprague's energy transition positioning.
• Getty Realty Corp. Getty Realty is a net-lease real estate company owning convenience store and fuel retail properties, many of which are leased to or supplied by fuel distributors like Sprague. While not a direct operational competitor, it represents the customer/supplier side of Sprague's dealer supply and terminal relationships in the Northeast.

Broad incumbents

• Buckeye Partners, L.P. Buckeye Partners operates one of the largest US independent refined products pipeline and terminal networks. Its terminaling business — serving refined products, NGLs, and crude — directly competes with Sprague/Kildair's terminal operations in the Northeast, though Buckeye is several times larger and operates across multiple regions.
• Phillips 66: Phillips 66 is a major integrated refiner and marketer with a large branded fuel wholesale and terminal business in the Northeast and Mid-Atlantic. It is a broad incumbent competitor whose marketing and terminals segment directly overlaps with Sprague's wholesale and delivered fuel operations, but its scale and refinery integration provide significant cost advantages.
• Magellan Midstream Partners: Magellan operates a 9,700+ mile refined products pipeline system and significant terminal storage across the central and eastern US. Its terminal and storage services directly overlap with Sprague's terminal operations, though Magellan's geographic footprint and scale are much broader than Sprague's Northeast focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/spragueenergy
• Facebookfacebook.com/spragueenergy
• LinkedInlinkedin.com/company/32593

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sprague Resources