Suncoke Energy Partners (SXCP) Tops Q3 EPS by 11c
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SunCoke Energy, Inc. Announces Third Quarter 2016 Results
October 20, 2016 6:45 AM EDTNet income attributable to SXC was up $29.6 million to $6.1 million, or $0.10 per share, in the current period compared to a loss of $23.5 million, or $0.36 per share, in the prior year period Adjusted EBITDA, which excludes $8.8 million of coal logistics deferred revenue, was $49.4 million, which is in line with expectations and up $0.3 million versus the prior year period Reduced total consolidated debt outstanding by approximately $25 million in the third quarter and by more than $135 million in the last twelve months, including approximately $132 million of SXCP bond repurchases Reaffirm... More
SunCoke Energy Partners, L.P. Announces Third Quarter 2016 Results
October 20, 2016 6:45 AM EDTNet income attributable to SXCP increased $1.8 million to $21.3 million Adjusted EBITDA attributable to SXCP, which excludes $8.8 million of coal logistics deferred revenue, was $44.8 million, which is in line with expectations, but down $4.0 million versus the prior year period Strong Distributable Cash Flow and Distribution Cash Coverage Ratio of $35.5 million and 1.20x, respectively Declared quarterly distribution of $0.5940 per unit; reduced debt outstanding by $4 million in the quarter Reaffirm full-year outlook for 2016 Adjusted EBITDA attributable to SXCP of $207 million to $217 million... More
