Suncoke Energy Partners (SXCP) Misses Q4 EPS by 8c, Revenues Beat

Suncoke Energy Partners (NYSE: SXCP) reported Q4 EPS of $0.24, $0.08 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $224.6 million versus the consensus estimate of $204.8 million.

"While the extended outage at Granite City, which we completed in November, impacted our fourth quarter and full-year 2018 results, we expect this will enhance the long-term reliability and operational performance of these assets," said Mike Rippey, Chairman, President and Chief Executive Officer of SunCoke Energy Partners, L.P. "The other facilities across the SXCP portfolio continued to deliver strong results in 2018, including handling record volumes at CMT and solid operating performances from our Middletown and Haverhill coke facilities."

Rippey continued, "As we move forward into 2019, we are focused on delivering operational excellence and the Partnership expects Adjusted EBITDA attributable to SXCP to be between $215 million and $225 million."

2019 OUTLOOK

Our 2019 guidance is as follows:

• Adjusted EBITDA attributable to SXCP is expected to be between $215 to $225 million
• Distributable Cash Flow expect to be between $93 to $108 million
• Capital expenditures are projected to be between $55 to $60 million, expect $6 million related to completing our Granite City gas sharing project

For earnings history and earnings-related data on Suncoke Energy Partners (SXCP) click here.

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