Suncoke Energy (SXC) Misses Q2 EPS by 9c

SunCoke Energy Partners, L.P. Announces Solid Second Quarter 2015 Results and Increases Cash Distributions Per Unit

Distributable cash flow of $23.8 million supported a ninth consecutive increase in cash distributions to $0.5825 per unit Net income attributable to SXCP increased $15.8 million to $17.0 million and Adjusted EBITDA attributable to SXCP increased $11.3 million to $42.1 million, both reflecting timing of dropdowns Adjusted EBITDA was $44.7 million and reflects higher operating and maintenance costs due to the timing of planned outages Reaffirmed Adjusted EBITDA and Distributable Cash Flow guidance Entered into agreement to acquire additional 23 percent interest in Granite City... More

SunCoke Energy, Inc. Announces Second Quarter 2015 Results and Reaffirms Full Year Guidance

Net loss attributable to SXC was $13.5 million, or $0.21 per share, reflecting non-cash pension termination charges of $10.9 million, net of tax, or $0.17 per share Adjusted EBITDA, excluding the one-time, non-cash pension termination charges of $12.6 million, was $46.0 million. Domestic Coke operations generated Adjusted EBITDA of $56.2 million and reflects the timing of planned maintenance outages Significantly increased dividend, raising quarterly rate 100 percent to $0.15 per share Entered into agreement to contribute additional 23 percent interest in Granite City to SunCoke Energy Partners, L.P.... More

SunCoke Energy Partners, L.P. Board of Directors Declares Ninth Consecutive Quarterly Cash Distribution Increase and Authorizes $50 Million Unit Repurchase Program

LISLE, Ill.--(BUSINESS WIRE)-- Today, the SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors declared a second quarter 2015 cash distribution of $0.5825 per limited partnership unit. This distribution marks our ninth consecutive quarterly distribution increase since the IPO and will be payable on August 31, 2015, to unitholders of record on August 14, 2015.

The board also authorized a program for the Partnership to repurchase up to $50 million of its common units from time to time in open market transactions, including block trades, or in privately negotiated transactions.

This unit repurchase program... More

SunCoke Energy Partners, L.P. to Expand Coal Logistics Business with Acquisition of Premier Gulf Coast Coal Export Hub

Agrees to Purchase Convent Marine Terminal for $412 Million

LISLE, Ill.--(BUSINESS WIRE)-- SunCoke Energy Partners, L.P. (NYSE: SXCP) has entered into an agreement with Raven Energy Holdings, LLC, an affiliate of The Cline Group, to acquire Convent Marine Terminal in Convent, La., for $412 million. This transaction is expected to close by September 1, 2015, subject to customary closing conditions and regulatory approvals.

This transaction will represent a material expansion of SXCPs coal logistics business and mark our entry into export coal handling. Convent Marine... More