Producer
Sprague Energy
One of New England's largest independent energy distributors, founded in 1870. Operates 50+ petroleum product storage and distribution terminals across the northeastern US and maritime Canada, with approximately 15 million barrels of total capacity. Wholly owned by Hartree Partners LP since 2022.
1
Inputs supplied
1
Goods downstream
1
Facilities
0
Stories
What they make
1 input Sprague Energy supplies
Click an input to see every good that depends on it, every country that produces it, and every other company in the supply chain.
Where it shows up
Goods downstream
Essential goods that depend on something Sprague Energy makes — pick one to see the full supply chain.
What else they do
Business segments
The company's full revenue map — where this supply-chain role fits within their broader business.
Petroleum Terminal Operations & Wholesale
70%Natural Gas & Electricity (Deregulated Markets)
20%Renewable Fuels
10%
Intelligence
What's known
Sourced claims about this company's role in supply chains — chokepoints, concentration, incidents, dual-use connections.
Origin2023
Sprague Energy was founded in 1870 in Portsmouth, New Hampshire — when coal, not petroleum, was the primary home heating fuel in the Northeast. Sprague's original business was coal distribution: receiving coal by schooner and barge at Portsmouth's deep-water harbor and distributing it via wagon to New England homes and businesses. The company survived the 20th century energy transition from coal to oil by converting its coal terminals to petroleum tank farms, replacing schooners with tankers, and replacing coal wagons with heating oil delivery trucks. A company founded to deliver coal to New England homes in the Reconstruction era evolved over 150 years into one of the region's largest petroleum distributors — a continuous operating history that predates Standard Oil (founded 1870, same year as Sprague), spanning the entire petroleum era. Hartree Partners LP (a commodity trading firm) acquired Sprague in 2022 for approximately $900 million — combining physical distribution infrastructure with commodity trading capabilities.
Sprague Operating Resources LLC ↗Capacity2023
Sprague Energy's Portsmouth NH terminal is the only deepwater petroleum terminal in New Hampshire and one of the few Aframax-capable import terminals in New England — allowing direct large tanker imports from Irving Oil Saint John NB, Gulf Coast refineries, or international suppliers without transshipment through the congested Boston or New York Harbor facilities. This geographic position makes Sprague a critical alternative import pathway for Northeast winter heating oil supply when Boston and New York Harbor face ice, storm, or congestion constraints. Sprague also distributes natural gas and electricity in deregulated New England markets — the only Northeast petroleum distributor also operating as a competitive retail electricity and natural gas supplier. A 1870 coal company now handles petroleum heating oil, renewable bioheat blends, commercial natural gas, and deregulated electricity supply under one brand — effectively a multi-commodity energy supply firm built on a coal schooner foundation.
Sprague Operating Resources LLC ↗Concentration2024
Sprague Energy operates 50+ petroleum terminals across the US Northeast and maritime Canada with approximately 15 million barrels of total storage capacity — effectively functioning as the capillary distribution network for New England heating oil beyond the primary hub terminals. Its acquisition by Hartree Partners (private equity) in 2022 removed it from public markets, reducing supply chain transparency for a critical regional energy infrastructure operator.
Sprague Energy ↗