On the stock market since 2013, it operates in the world of energy. It has 757 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
Average growth of 5% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades 32% below its peak. The market has trimmed its expectations for the company.
The company sells $3.5B a year; the problem isn’t sales — it’s costs running above that number.
It pays out $19.53 per share each year — regular cash for whoever holds the stock.
A loss of $68.9M against $3.5B in annual sales.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
Over the last 12 months, executives reported 185 sells against just 9 buys. Not an alarm bell by itself, but a number worth watching.
On our five-subject report card, SRLP sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: SRLP has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.