Form 8-K SunCoke Energy Partners, For: Jul 25

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July 28, 2016 6:46 AM EDT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 25, 2016

SUNCOKE ENERGY PARTNERS, L.P.

(Exact name of registrant as specified in its charter)


Delaware	001- 35782	35-2451470
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1011 Warrenville Road, Suite 600 Lisle, Illinois		60532
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code: (630) 824-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.

Results of Operations and Financial Condition.

On July 28, 2016, SunCoke Energy Partners, L.P. (the “Partnership”) issued a press release announcing financial results for the second quarter of 2016. A copy of this press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01.

Regulation FD Disclosure.

As noted above, on July 28, 2016, the Company issued a press release announcing its financial results for the second quarter of 2016. Additional information concerning the Company’s financial results for the second quarter of 2016 will be presented in a slide presentation to investors during a previously announced teleconference on July 28, 2016. A copy of the slide presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

The information in this report, being furnished pursuant to Items 2.02, 7.01 and 9.01 of Form 8-K, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and is not incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 8.01.

Other Events.

On July 25, 2016, the Company issued a press release announcing the declaration of its quarterly cash distribution. A copy of this press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Safe Harbor Statement

Statements contained in the exhibit to this report that state the Company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.		Description

99.1		SunCoke Energy Partners, L.P. Press Release announcing earnings (July 28, 2016).

99.2		SunCoke Energy Partners, L.P. Slide Presentation regarding earnings (July 28, 2016).

99.3		SunCoke Energy Partners, L.P. Press Release, announcing quarterly cash distribution (July 25, 2016).

SIGNATURES

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


SUNCOKE ENERGY PARTNERS, L.P.

By:		SunCoke Energy Partners GP LLC, its General Partner

By:		/s/ Fay West
		Fay West Senior Vice President and Chief Financial Officer

Date: July 28, 2016

EXHIBIT INDEX


Exhibit No.		Exhibit

99.1		SunCoke Energy Partners, L.P. Press Release announcing earnings (July 28, 2016).

99.2		SunCoke Energy Partners, L.P. Slide Presentation regarding earnings (July 28, 2016).

99.3		SunCoke Energy Partners, L.P. Press Release, announcing quarterly cash distribution (July 25, 2016).

Exhibit 99.1

LOGO

Investors:

Kyle Bland: 630-824-1987

Media:

Steve Carlson: 630-824-1783

SUNCOKE ENERGY PARTNERS, L.P. ANNOUNCES SECOND QUARTER 2016 RESULTS

•

Net income attributable to SXCP decreased $4.9 million to $12.1 million

•

Adjusted EBITDA attributable to SXCP decreased $1.2 million to $40.9 million

•

Strong Distributable Cash Flow and Distribution Cash Coverage Ratio of $39.1 million and 1.33x, respectively

•

Repurchased more than $17 million of face value bonds during the quarter and declared quarterly distribution of $0.5940 per unit

•

Reaffirmed full-year outlook for 2016 Adjusted EBITDA attributable to SXCP of $207 million to $217 million; however, the Company modified its guidance range for Distributable Cash Flow to $147 million to $161 million to reflect the discontinuation of sponsor support for the second half of the 2016

Lisle, Ill. (July 28, 2016) - SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported results for the second quarter 2016. The quarter’s operating results are driven by stable Coke performance and the contribution of the Convent Marine Terminal (“CMT”) acquisition, offset by lower Coal Logistics volumes across the segment.

“Underpinned by our strong take-or-pay contracts, our cokemaking assets posted another solid quarter of results and continue to perform in line with expectations,” said Fritz Henderson, Chairman, President and Chief Executive Officer of SunCoke Energy Partners, L.P. “While we continue to see below-target volumes at our Coal Logistics segment, we remain committed to optimizing asset performance across the business.”

SXCP repurchased more than $17 million of face value bonds in the quarter and remains on track to allocate approximately $60 million of cash towards de-levering its balance sheet in 2016. The Partnership also reaffirmed its full-year outlook for 2016 Adjusted EBITDA attributable to SXCP of $207 million to $217 million.

Henderson added, “With the first half of the year behind us, we are in position to deliver on our commitments to unitholders and remain flexible and responsive to the evolving industry landscape.”

SECOND QUARTER RESULTS⁽¹⁾


	Three Months Ended June 30,
(Dollars in millions)	2016		2015		Increase/ (Decrease)
Revenues	$	181.4	$	207.6	$	(26.2	)
Net income attributable to SXCP⁽²⁾	$	12.1	$	17.0	$	(4.9	)
Adjusted EBITDA⁽³⁾	$	41.7	$	44.7	$	(3.0	)

(1)	The current and prior year periods are not comparable due to the contribution of Convent Marine Terminal, which was acquired on August 12, 2015.

(2)	Net income attributable to SXCP includes the impacts of SXCP’s 75 percent and 98 percent ownership interest in Granite City during the second quarter of 2015 and 2016, respectively.

(3)	See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

Revenues were $181.4 million in second quarter 2016, a decline of $26.2 million from the same prior year period. The decline was primarily due to the pass-through of lower coal costs and lower coke sales volumes.

Net income attributable to SXCP was $12.1 million, a decrease of $4.9 million from the same prior year period, due to higher depreciation and amortization of CMT assets as well as the operating items described below, partly offset by $3.5 million of gains on extinguishment of debt recognized during the second quarter 2016.

Adjusted EBITDA decreased $3.0 million due to lower Coal Logistics volumes, higher corporate costs and the complete write-off of a $1.4 million receivable related to 2015 spot coke sales to Essar Algoma. These decreases were party offset by contributions from CMT, which increased Adjusted EBITDA by $4.2 million.

SECOND QUARTER SEGMENT INFORMATION

Domestic Coke

Domestic Coke segment consists of our 98 percent interest in the Haverhill, Middletown and Granite City cokemaking facilities, located in Franklin Furnace and Middletown, Ohio, and Granite City, Illinois, respectively.


	Three Months Ended June 30,
(Dollars in millions, except per ton amounts)	2016		2015		Increase/ (Decrease)
Revenues	$	167.5	$	195.7	$	(28.2	)
Adjusted EBITDA⁽¹⁾	$	41.1	$	42.2	$	(1.1	)
Sales Volume (thousands of tons)		579		633		(54	)
Adjusted EBITDA per ton⁽²⁾	$	70.98	$	66.67	$	4.31

(1)	See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

(2)	Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.

•

Revenues were affected by the pass-through of lower coal prices and a decrease in sales volume of 54 thousand tons due largely to the customer volume accommodations at Haverhill.

•

Adjusted EBITDA decreased $1.1 million to $41.1 million in second quarter 2016, primarily due to the $1.4 million receivable write-off described above. While coke sales volumes were lower during the quarter, the impact to Adjusted EBITDA was mitigated by make-whole payments from AK Steel.

Coal Logistics

Coal Logistics consists of the coal handling and mixing services operated by SXCP at CMT located on the Mississippi river in Louisiana, Lake Terminal in East Chicago, Indiana, and Kanawha River Terminals, LLC (“KRT”), which has terminals along the Ohio and Kanawha rivers in West Virginia. The current and prior year periods are not comparable due to the contribution of CMT, which was acquired on August 12, 2015.


	Three Months Ended June 30,
(Dollars in millions, except per ton amounts)	2016		2015		Increase/ (Decrease)
Revenues	$	13.9	$	11.9	$	2.0
Intersegment sales	$	1.7	$	1.6	$	0.1
Adjusted EBITDA⁽¹⁾	$	5.3	$	5.0	$	0.3
Tons handled, excluding CMT (thousands of tons)⁽²⁾		2,962		4,366		(1,404	)
Tons handled by CMT (thousands of tons)⁽²⁾		976		—		976

(1)	See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

(2)	Reflects inbound tons handled during the period.

•

Revenues were up $2.0 million, driven by a $7.0 million contribution from CMT, partly offset by lower volumes at KRT and Lake Terminal.

•

Adjusted EBITDA was up $0.3 million, driven by a $4.2 million contribution from CMT, partly offset by lower volumes at KRT and Lake Terminal. Below-target throughput in the quarter was driven by demand-side challenges in both the thermal and metallurgical coal markets.

Corporate and Other

Corporate and other costs increased $2.2 million primarily due to higher spending on professional services and higher cost allocations from SunCoke.

RELATED COMMUNICATIONS

We will host an investor conference call at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) today. This conference call will be webcast live and archived for replay in the Investors section of www.suncoke.com. Investors may participate in this call by dialing 1-866-393-4306 in the U.S. or 1-617-826-1698 if outside the U.S., confirmation code 43172089.

UPCOMING EVENTS

Additionally, we plan to participate in the following events:

•

Citi MLP/Midstream Infrastructure Conference, August 17, 2016, Las Vegas, Nevada

SUNCOKE ENERGY PARTNERS, L.P.

SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly traded master limited partnership that manufactures high-quality coke used in the blast furnace production of steel and provides export and domestic coal handling services to the coke, coal, steel and power industries. In our cokemaking business, we utilize an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and have long-term, take-or-pay coke contracts that pass through commodity and certain operating costs. Our coal handling terminals have the collective capacity to blend and transload more than 40 million tons of coal each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. SXCP’s General Partner is a wholly owned subsidiary of SunCoke Energy, Inc. (NYSE: SXC), which has more than 50 years of cokemaking experience serving the integrated steel industry. To learn more about SunCoke Energy Partners, L.P., visit our website at www.suncoke.com.

DEFINITIONS

•

Adjusted EBITDA represents earnings before interest, (gain) loss on extinguishment of debt, taxes, depreciation and amortization, adjusted for Coal Logistics changes to our contingent consideration liability related to our acquisition of the CMT. Adjusted EBITDA does not represent and should not be considered an alternative to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure of the operating performance and liquidity of the Partnership’s net assets and its ability to incur and service debt, fund capital expenditures and make distributions. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance and liquidity. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP.

•

Adjusted EBITDA attributable to SXCP equals Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.

•

Distributable Cash Flow equals Adjusted EBITDA plus sponsor support and Coal Logistics deferred revenue; less net cash paid for interest expense, ongoing capital expenditures, accruals for replacement capital expenditures and cash distributions to noncontrolling interests; plus amounts received under the Omnibus Agreement and acquisition expenses deemed to be Expansion Capital under our Partnership Agreement. Distributable Cash Flow is a non-GAAP supplemental financial measure that management and external users of SXCP’s financial statements, such as industry analysts, investors, lenders and rating agencies use to assess:

•

SXCP’s operating performance as compared to other publicly traded partnerships, without regard to historical cost basis;

•

the ability of SXCP’s assets to generate sufficient cash flow to make distributions to SXCP’s unitholders;

•

SXCP’s ability to incur and service debt and fund capital expenditures; and

•

the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that Distributable Cash Flow provides useful information to investors in assessing SXCP’s financial condition and results of operations. Distributable Cash Flow should not be considered an alternative to net income, operating income, cash flows from operating activities, or any other measure of financial performance or liquidity presented in accordance with GAAP. Distributable Cash Flow has important limitations as an analytical tool because it excludes some, but not all, items that affect net income and net cash provided by operating activities and used in investing activities. Additionally, because Distributable Cash Flow may be defined differently by other companies in the industry, our definition of Distributable Cash Flow may not be comparable to similarly titled measures of other companies, thereby diminishing its utility.

•

Ongoing capital expenditures (“capex”) are capital expenditures made to maintain the existing operating capacity of our assets and/or to extend their useful lives. Ongoing capex also includes new equipment that improves the efficiency, reliability or effectiveness of existing assets. Ongoing capex does not include normal repairs and maintenance, which are expensed as incurred, or significant capital expenditures. For purposes of calculating distributable cash flow, the portion of ongoing capex attributable to SXCP is used and includes capital expenditures included in working capital at the end of the period.

•

Replacement capital expenditures (“capex”) represents an annual accrual necessary to fund SXCP’s share of the estimated costs to replace or rebuild our facilities at the end of their working lives. This accrual is estimated based on the average quarterly anticipated replacement capital that we expect to incur over the long term to replace our major capital assets at the end of their working lives. The replacement capex accrual estimate will be subject to review and prospective change by SXCP’s general partner at least annually and whenever an event occurs that causes a material adjustment of replacement capex, provided such change is approved by our conflicts committee.

FORWARD-LOOKING STATEMENTS

Some of the statements included in this press release constitute “forward-looking statements.” Forward-looking statements include all statements that are not historical facts and may be identified by the use of such words as “believe,” “expect,” “plan,” “project,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions. Forward-looking statements are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SXCP) that could cause actual results to differ materially.

Such risks and uncertainties include, but are not limited to, domestic and international economic, political, business, operational, competitive, regulatory, and/or market factors affecting SXCP, as well as uncertainties related to: pending or future litigation, legislation or regulatory actions; liability for remedial actions or assessments under existing or future environmental regulations; gains and losses related to acquisition, disposition or impairment of assets; recapitalizations; access to, and costs of, capital; the effects of changes in accounting rules applicable to SXCP; and changes in tax, environmental and other laws and regulations applicable to SXCP’s businesses.

Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SXCP management, and upon assumptions by SXCP concerning future conditions, any or all of which ultimately may prove to be inaccurate. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SXCP does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events or otherwise after the date of this press release except as required by applicable law.

SXCP has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SXCP. For information concerning these factors, see SXCP’s Securities and Exchange Commission filings such as its annual and quarterly reports and current reports on Form 8-K, copies of which are available free of charge on SXCP’s website at www.suncoke.com. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this release also could have material adverse effects on forward-looking statements.

SunCoke Energy Partners, L.P.

Combined and Consolidated Statements of Income

(Unaudited)


	Three Months Ended June 30,					Six Months Ended June 30,
	2016			2015		2016			2015
	(Dollars and units in millions)
Revenues
Sales and other operating revenue	$	181.4		$	207.6	$	375.9		$	410.9

Costs and operating expenses
Cost of products sold and operating expenses		128.6			155.6		262.8			303.0
Selling, general and administrative expenses		11.1			7.3		19.5			14.9
Depreciation and amortization expense		20.5			15.4		39.2			30.0

Total costs and operating expenses		160.2			178.3		321.5			347.9

Operating income		21.2			29.3		54.4			63.0
Interest expense, net		11.7			10.8		24.2			22.0
(Gain) loss on extinguishment of debt		(3.5	)		—		(23.9	)		9.4

Income before income tax expense		13.0			18.5		54.1			31.6
Income tax expense (benefit)		0.4			0.4		1.0			(2.9	)

Net income		12.6			18.1		53.1			34.5
Less: Net income attributable to noncontrolling interests		0.5			1.1		1.2			4.3

Net income attributable to SunCoke Energy Partners, L.P./Previous Owner	$	12.1		$	17.0	$	51.9		$	30.2

Less: Net income attributable to Previous Owner		—			—		—			0.6

Net income attributable to SunCoke Energy Partners, L.P.	$	12.1		$	17.0	$	51.9		$	29.6

General partner’s interest in net income	$	1.7		$	1.4	$	11.8		$	3.2
Limited partners’ interest in net income	$	10.4		$	15.6	$	40.1		$	27.0
Net income per common unit (basic and diluted)	$	0.23		$	0.40	$	0.86		$	0.69
Net income per subordinated unit (basic and diluted)	$	—		$	0.40	$	—		$	0.69
Weighted average common units outstanding (basic and diluted)		46.2			23.6		46.2			23.4
Weighted average subordinated units outstanding (basic and diluted)		—			15.7		—			15.7

SunCoke Energy Partners, L.P.

Combined and Consolidated Balance Sheets


	June 30, 2016		December 31, 2015
	(Unaudited)
	(Dollars in millions)
Assets
Cash and cash equivalents	$	54.1	$	48.6
Receivables		34.7		40.0
Receivables from affiliates, net		—		1.4
Inventories		72.8		77.1
Other current assets		3.8		2.0

Total current assets		165.4		169.1

Restricted cash		2.3		17.7
Properties, plants and equipment (net of accumulated depreciation of $322.5 million and $291.1 million at June 30, 2016 and December 31, 2015, respectively)		1,313.1		1,326.5
Goodwill		67.1		67.7
Other intangible assets, net		182.0		187.4
Deferred charges and other assets		—		0.5

Total assets	$	1,729.9	$	1,768.9

Liabilities and Equity
Accounts payable	$	50.4	$	45.3
Accrued liabilities		13.3		10.8
Deferred revenue		20.3		2.1
Payable to affiliate, net		9.4		—
Current portion of long-term debt		1.1		1.1
Interest payable		15.3		17.5

Total current liabilities		109.8		76.8

Long-term debt		824.1		894.5
Deferred income taxes		38.4		38.0
Asset retirement obligations		5.9		5.6
Other deferred credits and liabilities		6.0		9.0

Total liabilities		984.2		1,023.9

Equity
Held by public:
Common units (issued 20,794,423 and 20,787,744 units at June 30, 2016 and December 31, 2015, respectively)		296.4		300.0
Held by parent:
Common units (issued 25,415,696 and 9,705,999 units at June 30, 2016 and December 31, 2015, respectively)		410.1		211.0
Subordinated units (issued zero units at June 30, 2016 and 15,709,697 units at December 31, 2015)		—		203.3
General partner interest		24.3		15.1

Partners’ capital attributable to SunCoke Energy Partners, L.P.		730.8		729.4
Noncontrolling interest		14.9		15.6

Total equity		745.7		745.0

Total liabilities and equity	$	1,729.9	$	1,768.9

SunCoke Energy Partners, L.P.

Combined and Consolidated Statements of Cash Flows

(Unaudited)


	Six Months Ended June 30,
	2016			2015
	(Dollars in millions)
Cash Flows from Operating Activities:
Net income	$	53.1		$	34.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense		39.2			30.0
Deferred income tax expense (benefit)		0.4			(3.5	)
(Gain) loss on extinguishment of debt		(23.9	)		9.4
Changes in working capital pertaining to operating activities:
Receivables		5.3			(11.4	)
Receivables (payables) from affiliate, net		9.4			4.0
Inventories		4.3			20.1
Accounts payable		5.3			(12.6	)
Accrued liabilities		2.5			1.7
Deferred revenue		18.2			—
Interest payable		(2.2	)		1.5
Other		(3.5	)		(1.2	)

Net cash provided by operating activities		108.1			72.5

Cash Flows from Investing Activities:
Capital expenditures		(22.1	)		(16.2	)
Decrease in restricted cash		15.4			—
Other investing activities		2.1			—

Net cash used in investing activities		(4.6	)		(16.2	)

Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt		—			210.8
Repayment of long-term debt		(47.0	)		(149.5	)
Debt issuance costs		—			(4.5	)
Proceeds from revolving credit facility		20.0			—
Repayment of revolving credit facility		(20.0	)		—
Distributions to unitholders (public and parent)		(57.5	)		(46.0	)
Distributions to noncontrolling interest (SunCoke Energy, Inc.)		(1.9	)		(1.5	)
Capital contributions from SunCoke		8.4			—

Net cash (used in) provided by financing activities		(98.0	)		9.3

Net increase in cash and cash equivalents		5.5			65.6
Cash and cash equivalents at beginning of period		48.6			33.3

Cash and cash equivalents at end of period	$	54.1		$	98.9

Supplemental Disclosure of Cash Flow Information
Interest paid	$	28.3		$	21.0

SunCoke Energy Partners, L.P.

Segment Operating Data

The following tables set forth financial and operating data for the three months ended March 31, 2016 and 2015:


	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(Dollars in millions)
Sales and other operating revenues:
Domestic Coke	$	167.5		$	195.7		$	346.4		$	388.7
Coal Logistics		13.9			11.9			29.5			22.2
Coal Logistics intersegment sales		1.7			1.6			3.2			3.3
Elimination of intersegment sales		(1.7	)		(1.6	)		(3.2	)		(3.3	)

Total	$	181.4		$	207.6		$	375.9		$	410.9

Adjusted EBITDA⁽¹⁾:
Domestic Coke	$	41.1		$	42.2		$	87.4		$	90.7
Coal Logistics		5.3			5.0			11.2			7.6
Corporate and Other		(4.7	)		(2.5	)		(8.7	)		(5.3	)

Total	$	41.7		$	44.7		$	89.9		$	93.0

Domestic Coke Operating Data:
Domestic Coke capacity utilization (%)		101			106			102			106
Domestic Coke production volumes (thousands of tons)		583			605			1,158			1,209
Domestic Coke sales volumes (thousands of tons)		579			633			1,160			1,211
Domestic Coke Adjusted EBITDA per ton⁽²⁾	$	70.98		$	66.67		$	75.34		$	74.90
Coal Logistics Operating Data:
Tons handled, excluding CMT (thousands of tons)⁽³⁾		2,962			4,366			6,052			8,160
Tons handled by CMT (thousands of tons)⁽³⁾		976			—			1,921			—

(1)	See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

(2)	Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.

(3)	Reflects inbound tons handled during the period.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Adjusted EBITDA to Net Income and Net Cash Provided by Operating Activities


	Three Months Ended June 30,					Six Months Ended June 30,
	2016			2015		2016⁽¹⁾			2015
	(Dollars in millions)
Net cash provided by operating activities	$	67.7		$	42.8	$	108.1		$	72.5
Subtract:
Depreciation and amortization expense	$	20.5		$	15.4	$	39.2		$	30.0
(Gain) loss on extinguishment of debt		(3.5	)		—		(23.9	)		9.4
Changes in working capital and other		38.1			9.3		39.7			(1.4	)

Net income	$	12.6		$	18.1	$	53.1		$	34.5

Add:
Depreciation and amortization expense	$	20.5		$	15.4	$	39.2		$	30.0
Interest expense, net		11.7			10.8		24.2			22.0
(Gain) loss on extinguishment of debt		(3.5	)		—		(23.9	)		9.4
Income tax, net		0.4			0.4		1.0			(2.9	)
Reduction of contingent consideration⁽²⁾		—			—		(3.7	)		—

Adjusted EBITDA	$	41.7		$	44.7	$	89.9		$	93.0

Subtract:
Adjusted EBITDA attributable to Previous Owner⁽³⁾	$	—		$	—	$	—		$	1.5
Adjusted EBITDA attributable to noncontrolling interest⁽⁴⁾		0.8			2.6		1.7			5.6

Adjusted EBITDA attributable to SunCoke Energy Partners, L.P.	$	40.9		$	42.1	$	88.2		$	85.9

(1)	In response to the Securities & Exchange Commission’s May 2016 update to its guidance on the appropriate use of non-GAAP financial measures, first quarter of 2016 Adjusted EBITDA has been recast to no longer include Coal Logistics deferred revenue until it is recognized as GAAP revenue.

(2)	The Partnership amended the contingent consideration terms with The Cline Group, which reduced the fair value of the contingent consideration liability, resulting in a $3.7 million gain recorded during the six months ended June 30, 2016, which was excluded from Adjusted EBITDA.

(3)	Reflects net income attributable to our Granite City facility prior to the Granite City Dropdown on January 13, 2015 adjusted for Granite City’s share of interest, taxes, depreciation and amortization during the same period.

(4)	Reflects net income attributable to noncontrolling interest adjusted for noncontrolling interest’s share of interest, taxes, income, and depreciation and amortization.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Reconciliation of Adjusted EBITDA and

Distributable Cash Flow to Net Income


	Three Months Ended June 30, 2016 (As Reported) (Dollars in millions)
Net cash provided by operating activities	$	67.7
Less:
Depreciation and amortization expense		20.5
Gain on debt extinguishment		(3.5	)
Changes in working capital and other		38.1

Net income	$	12.6

Add:
Depreciation and amortization expense		20.5
Interest expense, net		11.7
Gain on extinguishment of debt		(3.5	)
Income tax expense		0.4

Adjusted EBITDA	$	41.7

Less:
Adjusted EBITDA attributable to noncontrolling interest⁽¹⁾		0.8

Adjusted EBITDA attributable to SXCP	$	40.9

Plus:
Corporate cost holiday / deferral⁽²⁾		6.9
Coal Logistics deferred revenue⁽³⁾		9.1
Less:
Ongoing capex		3.1
Replacement capex accrual		1.9
Cash interest accrual		12.5
Cash tax accrual		0.3

Distributable cash flow	$	39.1

Quarterly Cash Distribution	$	29.5
Distribution Coverage Ratio⁽⁴⁾		1.33

(1)	Reflects net income attributable to noncontrolling interest adjusted for noncontrolling interest’s share of interest, taxes, depreciation and amortization.

(2)	Represents SXC corporate cost reimbursement holiday/deferral.

(3)

Coal Logistics deferred revenue adjusts for coal and liquid tons the Partnership did not handle, but are included in Distributable Cash Flow as the associated take-or-pay fees are billed to the customer. Deferred revenue on take-or-pay contracts is recognized into GAAP income annually based on the terms of the contract.

(4)	Distribution cash coverage ratio is distributable cash flow divided by total estimated distributions to the limited and general partners.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Estimated 2016 Consolidated Adjusted EBITDA to Estimated Net Income

and Net Cash Provided by Operating Activities


	2016
	Low			High
Net cash provided by operating activities	$	149		$	163
Subtract:
Depreciation and amortization expense		74			74
Gain on extinguishment of debt		(20	)		(27	)
Changes in working capital and other		(7	)		(7	)

Net income	$	102		$	123

Add:
Depreciation and amortization expense		74			74
Interest expense, net		57			53
(Gain) loss on extinguishment of debt		(20	)		(27	)
Income tax expense		1			1
Reduction of contingent consideration⁽¹⁾		(4	)		(4	)

Adjusted EBITDA	$	210		$	220

Subtract: Adjusted EBITDA attributable to noncontrolling interest⁽²⁾		3			3

Adjusted EBITDA attributable to SunCoke Energy Partners, L.P.	$	207		$	217

Add:
Corporate cost holiday / deferral⁽³⁾		14			14
Subtract:
Ongoing capex		12			12
Replacement capex accrual		8			8
Cash interest accrual		53			49
Cash tax accrual		1			1

Estimated distributable cash flow	$	147		$	161

(1)	The Partnership amended the contingent consideration terms with The Cline Group, which reduced the fair value of the contingent consideration liability, resulting in a $3.7 million gain recorded during the six months ended June 30, 2016, which was excluded from Adjusted EBITDA.

(2)	Reflects net income attributable to noncontrolling interest adjusted for noncontrolling interest’s share of interest, taxes, income, and depreciation and amortization.

(3)	Represents SXC corporate cost reimbursement holiday/deferral for Q1 and Q2 2016. Actual capital allocation and distribution decisions to be made quarterly.

Exhibit 99.2

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Exhibit 99.2

SunCoke Energy Partners, L.P.

Q2 2016 Earnings

Conference Call

July 28, 2016

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Forward-Looking Statements

This slide presentation should be reviewed in conjunction with the Second Quarter 2016 earnings release of SunCoke Energy Partners, L.P. (SXCP) and conference call held on July 28, 2016 at 10:00 a.m. ET.

Some of the information included in this presentation constitutes “forward-looking statements.” All statements in this presentation that express opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to anticipated future performance of SunCoke Energy, Inc. (SXC) or SXCP, in contrast with statements of historical facts, are forward-looking statements. Such forward-looking statements are based on management’s beliefs and assumptions and on information currently available. Forward-looking statements include information concerning possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions.

Although management believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements made in this presentation are reasonable, no assurance can be given that these plans, intentions or expectations will be achieved when anticipated or at all. Moreover, such statements are subject to a number of assumptions, risks and uncertainties. Many of these risks are beyond the control of SXC and SXCP, and may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Each of SXC and SXCP has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement. For more information concerning these factors, see the Securities and Exchange Commission filings of SXC and SXCP. All forward-looking statements included in this presentation are expressly qualified in their entirety by such cautionary statements. Although forward-looking statements are based on current beliefs and expectations, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date hereof. SXC and SXCP do not have any intention or obligation to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events or after the date of this presentation, except as required by applicable law.

This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix.

SXCP Q2 2016 Earnings Call

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Management Perspective

Achieved solid safety, environmental and operating performance across cokemaking fleet

Handled below-target logistics volumes due to coal market challenges; fundamentals improving as of late

Reduced leverage by repurchasing >$17M of face value bonds in Q2; repurchased >$117M over last 3 quarters

Declared Q2 ‘16 quarterly distribution of $0.5940/unit

Reaffirmed FY 2016 Adjusted EBITDA attributable to SXCP(1) guidance of $207M – $217M

(1) For a definition and reconciliation of Adjusted EBITDA attributable to SXCP, please see appendix.

SXCP Q2 2016 Earnings Call

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Navigating Current Market Conditions

Encouraged by recent improvement in steel and coal market conditions, and will remain flexible and responsive to industry landscape Reached resolution on several previously uncertain items in 1H 2016 Continued improvement in steel industry outlook

Improving customer balance sheets

Favorable AD and CVD rulings against unfairly traded steel imports

Strong recovery in HRC prices & utilization rates

Stabilizing coal industry fundamentals

API2 prices have rebounded sharply; exports near economic breakeven

Higher natural gas prices, warmer summer weather, restocking

Continue to closely follow CMT customer developments

Progress on FELP bondholder negotiations

Monitoring Murray’s progress with its creditors and labor union

Will remain flexible & responsive to industry backdrop

SXCP Q2 2016 Earnings Call

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Q2 2016 Overview

(1,2)

Net Income & Adjusted EBITDA

($ in millions)

Net Income Adjusted EBITDA

$44.7 $41.7

$18.1 $2.6 $1.1 $0.8

$12.6 $0.5

$17.0 $42.1 $40.9

$12.1

Q2 ‘15 Q2 ‘16 Q2 ‘15 Q2 ‘16

Attrib. to SXCP Attrib. to NCI Attrib. to Previous Owner

(1)

Distributable Cash Flow & Coverage Ratio

($ in millions, except coverage ratio)

Distribution Cash Distributable Cash Flow Coverage Ratio

$39.1 1.33x

$23.8 0.82x

Q2 ‘15 Q2 ‘16 Q2 ‘15 Q2 ‘16

(1) For a definition and reconciliation of Adjusted EBITDA, Distributable Cash Flow and Distribution Cash Coverage Ratio, please see appendix.

(2) As announced on July 5, 2016, SXCP’s Adjusted EBITDA definition will no longer include

Coal Logistics deferred revenue until it is recognized as GAAP revenue.

Total net income attributable to SXCP lower by $4.9M due largely to

Higher depreciation driven by CMT

$3.5M gain on debt extinguishment

Other items described below

Adj. EBITDA of $41.7M, down $3.0M

Stable results across cokemaking fleet

Lower logistics volumes at KRT, partially offset by CMT contribution

Distributable cash flow of $39.1M

Includes ~$7M of Q2 sponsor support and $9.1M of deferred revenue

1.33x distribution cash coverage ratio

SXCP Q2 2016 Earnings Call

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Adj. EBITDA(1) – Q2 ‘15 to Q2 ‘16

Second quarter results impacted primarily by Essar Algoma write-off and lower Coal Logistics volumes, partly offset by CMT contribution

($ in millions)

$44.7

($1.1) $0.3 $41.7

($2.2)

$4.2M – CMT

($1.4M) – Write-off of ($3.9M) – KRT and Higher allocation from SXC Essar Algoma receivable Lake Terminal and other corporate spend

(2)

Q2 2015 Domestic Coke Coal Logistics Corporate & Other Q2 2016

(1) (1)

Adj. EBITDA Adj. EBITDA

(1) For a definition and reconciliation of Adjusted EBITDA, please see appendix.

(2) As announced on July 5, 2016, SXCP’s Adjusted EBITDA definition will no longer include Coal Logistics deferred revenue until it is recognized as GAAP revenue. Deferred revenue totaled $9.1M during Q2 2016.

SXCP Q2 2016 Earnings Call

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Coke Business Summary

Solid quarter performance in line with expectations despite items impacting comparability

Cokemaking Performance

(Production, Kt on 100% basis)

$80/ton $76/ton $71/ton $67/ton $65/ton

605 620

595 576 583

151 158

157 155 157 166 172 155 154 161

288 290 284 267 265

Q2 ‘15 Q3 ‘15 Q4 ‘15 Q1 ‘16 Q2 ‘16

Sales

633K 615K 613K 581K 579K Tons

(1)

Adjusted EBITDA/ton Middletown Granite City Haverhill

(1) For a definition and reconciliation of Adjusted EBITDA and Adjusted EBITDA per ton, please see appendix. (2) Represents Adjusted EBITDA from Middletown, Granite City and Haverhill on a 100% basis.

(1,2)

Domestic Coke Adj. EBITDA down $1.1M vs. Q2 2015

As expected, production lower due to customer volume accommodations

– Granite City volumes back-loaded

– Haverhill FY 2016 production reduced by ~75Kt, resulting in higher fixed fee per ton

Essar Algoma A/R write-off related to 2015 spot coke sales

SXCP Q2 2016 Earnings Call

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Coal Logistics Business Summary

Continue to see below-target throughput across Coal Logistics fleet

Coal Logistics Performance

(Tons Handled, Kt) $21.1

$9.3 $5.9 $5.0 5,555 $5.3 5,149

4,035 3,938

4,160 4,332

4,366 3,090 2,962

1,395

817 945 976

(1)

Q2 ‘15 Q3 ‘15 Q4 ‘15 Q1 ‘16 Q2 ‘16

CMT Adj. (2)

EBITDA ($M)—$4.3M $16.3M $3.8M $4.2M

(2)

Total Coal Logistics Adj. EBITDA ($M) CMT (coal & liquids) Coal Logistics (ex. CMT)

(1) The Convent Marine Terminal acquisition closed August 12, 2015.

(2) Adjusted EBITDA will no longer include Coal Logistics deferred revenue until it is recognized as GAAP revenue, typically at the end of the annual contract period or December 31.

Domestic Coal Logistics down $3.9M due to lower than expected throughput

Lower met. and thermal shipments driven by coal industry challenges

Convent contributed $4.2M to

Adj. EBITDA in Q2 ‘16

Excludes $9.1M deferred revenue

(2)

related to ToP volume shortfall

SXCP Q2 2016 Earnings Call

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Liquidity Position

Maintain solid liquidity position of >$120M at SXCP

($ in millions)

($6.1) Q2 Revolver availability: $67M

($14.1)

$39.6

($4.4M) – Environmental & expansion

($1.7M) – Ongoing ($28.6)

$17.0

($13.8M) – SXCP Sr.

(1)

$12.6 Note repurchase

$10.2M – Lower A/R

$9.2M – Collection of CMT Q1 deferred revenue $54.1

$8.7M – Timing of interest payments

(2)

($15.6M) – SXC

$6.9M – Corporate cost deferral

$33.7 • ($12.4M) – Public unitholders

($0.6M) – Non-controlling interests

$20.5M – D&A

($3.5M) – Gain on debt extinguishment

Add-backs to Working (3) Net Debt

Q1 2016 Net Income Capex Distributions Q2 2016 Net Income Capital / Other Repayments

(1) Average bond repurchase price of $0.8067 per $1.00 face value, resulting in >$17M of face value debt repurchased during Q2 2016. Since Q4 2015, SXCP has repurchased

>$117M of face value debt at an average purchase price of $0.6954 per $1.00 face value.

(2) Includes $15.0M for LP distributions and $0.6M for distributions to SXC for its 2% General Partner interest. (3) Capex excludes ~$8M spent during Q2 for pre-funded shiploader project.

SXCP Q2 2016 Earnings Call

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Capital Priorities

SXCP capital allocation outlook prioritizes de-levering while maintaining distributions to unitholders

SXCP Distribution Growth

+44%

(1)

$0.4125 MQD

$ $ $ $

$ 0 0 0 0

$ 0 . . . . $ $ . 0 . $ . 0 $ . 0 . 0 $ .. 0 5825 5940 5940 5940 5940 . 0 5715 $

$ 0 5275 5408 . 0 . 5150 5000 4750 4325 $ 4225

3071 .

May Aug Nov Feb May Aug Nov Feb May Aug Nov Mar May Sep

(2)

‘13 ‘13 ‘13 ‘14 ‘14 ‘14 ‘14 ‘15 ‘15 ‘15 ‘15 ‘16 ‘16 ‘16

(1) MQD – Minimum quarterly distribution.

(2) Actual distribution pro-rated to reflect timing of SXCP IPO.

Declared quarterly cash distribution of $0.5940 per unit

Expect to continue de-levering for balance of 2016

Year-to-date, have allocated ~$46.5M cash to repurchase ~$70M bonds

SXC will forego providing sponsor support in Q3 ‘16

Reflects improved market conditions and SXCP’s de-levering progress through Q2 ‘16

Plan to evaluate capital allocation & distribution priorities quarterly

SXCP Q2 2016 Earnings Call

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2016 Outlook

Reaffirm Adj. EBITDA attributable to SXCP guidance of $207M – $217M; DCF and Coverage updated to reflect discontinued sponsor support

2016 Original Outlook 2016 Revised Outlook

As Reported As Reported Low High(1) Low (1)

($ in millions, except per unit data) High

Adjusted EBITDA attributable to SXCP $207 $217 $207 $217 Plus:

Corporate cost holiday/deferral(2) $28 $28 $14 $14

Less:

Ongoing capex (SXCP share) $15 $15 $12 $12 Replacement capex accrual 8 8 8 8 Cash tax accrual(3) 1 1 1 1 Cash interest accrual 53 49 53 49

Estimated distributable cash flow $158 $172 $147 $161 Estimated distributions(4) $112 $112 $115 $115

Total distribution cash coverage ratio(5)

1.41x 1.54x 1.28x 1.40x

(1) Cash interest accrual assumes excess cash used to repurchase SXCP Sr. Notes periodically throughout 2016 at ~$0.70 per $1.00 face value.

(2) Original outlook assumes SXC corporate cost reimbursement holiday/deferral for FY 2016. Revised outlook assumes SXC corporate cost reimbursement holiday/deferral for Q1 and Q2. Actual capital allocation and distribution decisions to be made quarterly.

(3) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to income taxes for federal and state purposes at the corporate level. (4) Original outlook assumes full year benefit of SXC IDR giveback and distributions held constant at $0.5940 per quarter. Revised outlook assumes SXC IDR giveback/deferral for Q1 and Q2 and distributions held constant at $0.5940 per quarter. Actual capital allocation and distributions decisions to be made quarterly.

(5) Total distribution cash coverage ratio is estimated distributable cash flow divided by total estimated distributions.

Reaffirm Adjusted

EBITDA guidance of $207M – $217M

DCF and Cash Coverage guidance updated to reflect discontinued sponsor support

Removed corporate cost and IDR holiday/deferral for Q3 & Q4

SXCP Q2 2016 Earnings Call

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2016 Priorities

Manage Through Challenging Market Conditions

Remain flexible & responsive to industry backdrop while leveraging unique value proposition

Optimize Cokemaking and Coal Logistics Asset Base

Continue to seek opportunities to drive incremental coke & coal logistics volumes

Deliver Operations Excellence

Drive strong operational & safety performance across our fleet

Achieve Financial Objectives & Strengthen Balance Sheet

Deliver $207M – $217M Adj. EBITDA guidance & execute de-levering strategy

SXCP Q2 2016 Earnings Call

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QUESTIONS

SXCP Q2 2016 Earnings Call

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Investor Relations 630-824-1987 www.suncoke.com

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APPENDIX

SXCP Q2 2016 Earnings Call

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Definitions

Adjusted EBITDA represents earnings before interest, (gain) loss on extinguishment of debt, taxes, depreciation and amortization, adjusted for Coal Logistics changes to our contingent consideration liability related to our acquisition of the CMT. Adjusted EBITDA does not represent and should not be considered an alternative to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure of the operating performance and liquidity of the Partnership’s net assets and its ability to incur and service debt, fund capital expenditures and make distributions. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance and liquidity. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP.

EBITDA represents earnings before interest, taxes, depreciation and amortization.

Adjusted EBITDA attributable to SXC/SXCP represents Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.

Adjusted EBITDA/Ton represents Adjusted EBITDA divided by tons sold/handled.

SXCP Q2 2016 Earnings Call

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Definitions

Distributable Cash Flow equals Adjusted EBITDA plus sponsor support and Coal Logistics deferred revenue; less net cash paid for interest expense, ongoing capital expenditures, accruals for replacement capital expenditures and cash distributions to noncontrolling interests; plus amounts received under the Omnibus Agreement and acquisition expenses deemed to be Expansion Capital under our Partnership Agreement. Distributable Cash Flow is a non-GAAP supplemental financial measure that management and external users of SXCP’s financial statements, such as industry analysts, investors, lenders and rating agencies use to assess:

SXCP’s operating performance as compared to other publicly traded partnerships, without regard to historical cost basis; the ability of SXCP’s assets to generate sufficient cash flow to make distributions to SXCP’s unitholders;

SXCP’s ability to incur and service debt and fund capital expenditures; and

the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

Ongoing capital expenditures (“capex”) are capital expenditures made to maintain the existing operating capacity of our assets and/or to extend their useful lives. Ongoing capex also includes new equipment that improves the efficiency, reliability or effectiveness of existing assets. Ongoing capex does not include normal repairs and maintenance, which are expensed as incurred, or significant capital expenditures. For purposes of calculating distributable cash flow, the portion of ongoing capex attributable to SXCP is used.

Replacement capital expenditures (“capex”) represents an annual accrual necessary to fund SXCP’s share of the estimated costs to replace or rebuild our facilities at the end of their working lives. This accrual is estimated based on the average quarterly anticipated replacement capital that we expect to incur over the long term to replace our major capital assets at the end of their working lives. The replacement capex accrual estimate will be subject to review and prospective change by SXCP’s general partner at least annually and whenever an event occurs that causes a material adjustment of replacement capex, provided such change is approved by our conflicts committee.

SXCP Q2 2016 Earnings Call

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Adjusted EBITDA and Distributable Cash Flow Reconciliations

As As As As As As As

Reported Reported Reported Reported Reported Proforma Proforma Proforma Proforma Proforma Reported Reported

Q1 ‘15 Q2 ‘15 Q3 ‘15 Q4 ‘15 FY ‘15 Q1 ‘15(1,2) Q2 ‘15(1,3) Q3 ‘15(1,4) Q4 ‘15(1) FY ‘15 Q1 ‘16 Q2 ‘16

($ in millions)

Net cash provided by operating activities $ 29.7 $ 42.8 $ 15.7 $ 61.2 $ 149.4 $ 29.7 $ 42.8 $ 24.1 $ 61.2 $ 157.8 $ 40.4 $ 67.7

Depreciation and amortization expense (14.6) (15.4) (17.0) (20.4) (67.4) (14.6) (15.4) (18.5) (20.4) (68.9) (18.7) (20.5) Changes in working capital and other 10.7 (9.3) 22.1 (14.0) 9.5 1.3 (9.3) 22.0 (14.0) — (1.6) (38.1) Gain/(loss) on debt extinguishment (9.4) — — 10.1 0.7 — — — 10.1 10.1 20.4 3.5

Net income $ 16.4 $ 18.1 $ 20.8 $ 36.9 $ 92.2 $ 16.4 $ 18.1 $ 27.6 $ 36.9 $ 99.0 $ 40.5 $ 12.6

Add:

Depreciation and amortization expense 14.6 15.4 17.0 20.4 67.4 14.6 15.4 18.5 20.4 68.9 18.7 20.5 Interest expense, net 11.2 10.8 12.4 13.8 48.2 20.6 10.8 13.7 13.8 58.9 12.5 11.7 Gain/(loss) on debt extinguishment 9.4 — — (10.1) (0.7) — — — (10.1) (10.1) (20.4) (3.5) Income tax expense/(benefit) (3.3) 0.4 0.5 (0.1) (2.5) (3.3) 0.4 0.5 (0.1) (2.5) 0.6 0.4 Deferred revenue acquired with CMT(5) — — — (3.3) (3.3) — — — (3.3) (3.3) — -

(6)

Reduction of contingent consideration — — — — — — — — — — (3.7) -

Adjusted EBITDA $ 48.3 $ 44.7 $ 50.7 $ 57.6 $ 201.3 $ 48.3 $ 44.7 $ 60.3 $ 57.6 $ 210.9 $ 48.2 $ 41.7

Adjusted EBITDA attributable to NCI (3.0) (2.6) (1.9) (0.8) (8.3) (3.4) (2.6) (0.9) (0.8) (7.7) (0.9) (0.8) Adjusted EBITDA attributable to Previous Owner (1.5) — — — (1.5) — — — — — — -

Adjusted EBITDA attributable to SXCP $ 43.8 $ 42.1 $ 48.8 $ 56.8 $ 191.5 $ 44.9 $ 42.1 $ 59.4 $ 56.8 $ 203.2 $ 47.3 $ 40.9

Plus:

(7)

Corporate cost holiday/deferral — — — — — — — — — — 7.0 6.9 Coal logistics deferred revenue(8) — — 1.1 (0.7) 0.4 — — 1.1 (0.7) 0.4 9.2 9.1 Less:

Ongoing capex (SXCP share) (2.7) (5.8) (2.9) (9.0) (20.4) (2.7) (5.8) (3.7) (9.0) (21.2) (3.0) (3.1) Replacement capex accrual (1.7) (1.8) (1.8) (1.9) (7.2) (1.8) (1.8) (1.8) (1.9) (7.3) (1.9) (1.9) Cash interest accrual (10.0) (10.6) (13.0) (13.6) (47.2) (10.5) (10.6) (14.3) (13.6) (49.0) (12.4) (12.5) Cash tax accrual (0.1) (0.1) (0.4) 0.6 — (0.1) (0.1) (0.4) 0.6 — (0.3) (0.3)

Distributable cash flow $ 29.3 $ 23.8 $ 31.8 $ 32.2 $ 117.1 $ 29.8 $ 23.8 $ 40.3 $ 32.2 $ 126.1 $ 45.9 $ 39.1 Quarterly Cash Distribution 23.8 29.0 29.4 28.0 110.2 23.8 24.2 29.6 28.0 105.6 28.0 29.5 Distribution Cash Coverge Ratio(9) 1.23x 0.82x 1.08x 1.15x 1.06x 1.25x 0.98x 1.36x 1.15x 1.19x 1.64x 1.33x

Note: Historical periods have been recast to include Granite City operations (previous owner), which are subsequently adjusted out when calculating distributable cash flow.

(1) Proforma adjustments made for changes in EBITDA and ongoing capex attributable to the partnership, cash interest costs, replacement capital accruals, Corporate cost allocations, distribution levels and units outstanding.

(2) Proforma assumes dropdown of 75% in Granite City occurred January 1, 2015.

(3) Proforma assumes distributions were not paid to units issued in conjunction with the Convent Marine Terminal acquisition and dropdown of 23% in Granite City closed August 12, 2015. (4) Proforma assumes the Convent Marine Terminal transaction and dropdown of 23% in Granite City were completed on July 1, 2015. Assumes pro-rata, annualized EBITDA contribution from Convent Marine Terminal.

(5) Represents deferred revenue assumed as part of the acquisition of the Convent Marine Terminal transaction.

(6) During the first quarter of 2016, the Partnership amended the threshold to the contingent consideration arrangement with the Cline Group, which reduced the fair value of the contingent consideration from $7.9 million at December 31, 2015 to $4.2 million at March 31, 2016. Consequently, a $3.7 million gain was recognized as a reduction to costs of products sold and operating expenses on the Consolidated Statements of Operations during the three months ended March 31, 2016.

(7) Represents SXC corporate cost reimbursement holiday/deferral.

(8) Coal Logistics deferred revenue adjusts for coal and liquid tons the Partnership did not handle, but are included in Distributable Cash Flow as the associated take-or-pay fees are billed to the customer. Deferred revenue on take-or-pay contracts is recognized into GAAP income annually based on the terms of the contract.

(9) Distribution cash coverage ratio is distributable cash flow divided by total estimated distributions to the limited and general partners.

SXCP Q2 2016 Earnings Call

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Expected 2016E EBITDA Reconciliation

2016E 2016E

($ in millions) Low High

Net Cash Provided by Operating Activities $149 $163 Depreciation and amortization expense 74 74 (Gain) / Loss on debt extinguishment (20) (27) Changes in working capital and other (7) (7) Net Income $102 $123 Depreciation and amortization expense 74 74 Interest expense, net 57 53 (Gain) / Loss on debt extinguishment (20) (27) Income tax expense 1 1 Reduction of CMT Contingent Consideration (4) (4) Adjusted EBITDA $210 $220 EBITDA attributable to noncontrolling interest(1) (3) (3) Adjusted EBITDA attributable to SXCP $207 $217 Plus:

Corporate cost holiday/deferral(2) 14 14 Coal Logistics deferred revenue(3) — -Less:

Ongoing capex (SXCP share) (12) (12) Replacement capex accrual (8) (8) Cash interest accrual (53) (49) Cash tax accrual(4) (1) (1) Distributable cash flow $147 $161

(1) Adjusted EBITDA attributable to noncontrolling interest represents SXC’s 2% interest in Haverhill, Middletown and Granite City cokemaking facilities.

(2) Represents SXC corporate cost reimbursement holiday/deferral for Q1 and Q2 2016. Actual capital allocation and distribution decisions to be made quarterly.

(3) Coal Logistics deferred revenue adjusts for coal and liquid tons the Partnership did not handle, but are included in Distributable Cash Flow as the associated take-or-pay fees are billed to the customer. Deferred revenue on take-or-pay contracts is recognized into GAAP income annually based on the terms of the contract. (4) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to Call income taxes for federal and state purposes at the corporate level.

SXCP Q2 2016 Earnings Call

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2015 and 2016E CapEx

100% Basis

($ in millions) 2015 2016E

Ongoing $21 $12 Environmental Project(1) 21 $5

Total CapEx $42 $17

Coal Logistics: Ship loader (pre-funded) $5 $12

(1) 2015 Environmental Remediation cost at Haverhill (~$18 million) and Granite City (~$3 million). These amounts have been pre-funded from dropdown proceeds.

SXCP Q2 2016 Earnings Call

Exhibit 99.3

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Investors:

Kyle Bland: (630) 824-1987

Media:

Steve Carlson: (630) 824-1783

SUNCOKE ENERGY PARTNERS, L.P. DECLARES DISTRIBUTION OF $0.5940 PER UNIT

LISLE, Ill. (July 25, 2016) – Today, the SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors declared a second quarter 2016 cash distribution of $0.5940 per limited partnership unit, or $2.38 annualized. The second quarter 2016 distribution will be payable on September 1, 2016, to unitholders of record on August 15, 2016.

SunCoke Energy, Inc. (NYSE: SXC) will not provide sponsor support in Q3 2016. SunCoke will remain flexible and continue to evaluate its sponsor support and partnership distribution priorities on a quarterly basis.

UPCOMING EVENTS

We will host an investor conference call on Thursday, July 28, 2016, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). This conference call will be webcast live and archived for replay in the Investors section of www.suncoke.com. Investors may participate in this call by dialing 1-866-393-4306 in the U.S. or 1-617-826-1698 if outside the U.S., confirmation code 43172089.

Additionally, we plan to participate in the Citi MLP/Midstream Infrastructure Conference, August 17, 2016, in Las Vegas, Nev.

ABOUT SUNCOKE ENERGY PARTNERS, L.P.

NOTICE

This statement is intended to serve as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d) given by a publicly traded partnership for the nominee to be treated as a withholding agent. Please note that SunCoke Energy Partners, L.P.’s quarterly cash distributions are treated as partnership distributions for federal income tax purposes and that 100

SXCP Q2 2016 Cash Distribution Release

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percent of these distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of SunCoke Energy Partners, L.P.’s distributions to a nominee on behalf of foreign investors are subject to federal income tax withholding at the highest marginal tax rate for individuals or corporations, as applicable. Nominees, and not SunCoke Energy Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

FORWARD-LOOKING STATEMENTS

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Form 8-K SunCoke Energy Partners, For: Jul 25

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