Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SunCoke Energy Partners, L.P. (NYSE:SXCP) major shareholder Sun Coal & Coke Llc purchased 30,156 shares of the stock in a transaction on Monday, October 9th. The stock was acquired at an average price of $17.31 per share, with a total value of $522,000.36.
Parent company SXC just continues to buy additional shares at current prices - slowly but surely. The parent company already offered a previous buyout price that Suncoke BODs turned down. Continued buying shows the parent company is likely to make another higher offer. Nice 13% yield while you wait to get bought out at higher prices.
LISLE, Ill., July 17, 2017 /PRNewswire/ -- Today, the SunCoke Energy Partners, L.P. (SXCP) Board of Directors declared a second quarter 2017 cash distribution of $0.5940 per limited partnership unit, or $2.38 annualized. The second quarter 2017 distribution will be payable on September 1, 2017, to unitholders of record on August 15, 2017.
Does it really matter how its reported? It's still income for the company and they are paying a .594 divy for 16 quarters straight now. I think I'll use any panic selling to pick up a few more before the register date for the divy.
Bought this stock at $12 months ago for the incredible divvy...
What a boring, beautiful stock!! Coke production??? BOOOORING. Money making??? KAAAACCCHHIIINNNGGG!!!!!!!!!!!!! I thank God I one day did some research on high divvy stocks and bought SXCP. I do hope the parent company does not buy this and eliminate the divvy!!!
"SunCoke Energy Partners, L.P. (NYSE: SXCP) announces that its outstanding 7.375 percent Senior Notes due 2020 (the "2020 Notes") are freely tradable without restrictions by non-affiliates of SXCP. The 2020 Notes were issued in non-registered private offerings in January 2013, May 2014 and January 2015, and were subject to restrictions on transfer under the indenture governing the 2020 Notes (the "Restricted Notes").Currently, there is more than $130 million outstanding under the Unrestricted Notes CUSIP."
The way this is worded, I'm not sure if all 130 million just became unrestricted or just the one held by "non-affiliates of SXCP". But if we assume that's the case it is about 12M shares. Other unknowns are how many will be sold, I'm sure many are being sold into the bid and that is holding us down. Many may be held for greener pastures, who knows. 10 day ave volume is only 116k shares so again who knows.
Let me point out that I am a relatively "newbe" investor so if I'm missing something, someone please correct me.
Suncoke Energy Partners (NYSE: SXCP) reported Q1 EPS of $0.64, $0.21 better than the analyst estimate of $0.43. Revenue for the quarter came in at $194.5 million versus the consensus estimate of $204.38 million.
SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported fourth quarter 2015 net income attributable to SXCP of $36.3 million, an increase of $14.9 million from fourth quarter 2014.
It was maybe a month or two ago the CEO said SXCP would maintain their quarterly dividend of .594 for all of 2016. Thats $2.38 a share. Check with IR Kyle Bland: 630-824-1907, he'll be able to verify it.
Interesting that they didn't cut it considering the drop in the PPS. I wasn't 100% sure they would stick to their word on maintaining it. So I certainly was happy with that.
I was just reading up on a few articles debating whether I should add more to it for the LT.
Sounds like the parent is discontinuing their Div and also doing an IDR give back to SXCP which I found intriguing.... never heard of such a thing regarding the Incentive distribution rights.
SXCP expects 2016 Adjusted EBITDA to be between $207 million and $217 million, up from 2015 estimated Adjusted EBITDA of $185 million to $190 million, reflecting the benefit of a full year of the Convent Marine Terminal acquisition, partly offset by lower domestic coke results.
“We expect our assets will continue to produce solid results, despite headwinds facing our steel and coal customers,” said Fritz Henderson, Chairman, President and CEO of SunCoke Energy Partners, L.P. “In light of these challenges, we will be focused on maintaining a healthy balance sheet.”
Cash coverage in 2016 is projected to be between 1.41x to 1.54x on distributable cash flow of between $158 million and $172 million. This outlook reflects improvement in Adjusted EBITDA as described above and expected full-year benefit of a reimbursement holiday on its corporate cost allocation from SXC. Furthermore, given its priority to de-lever SXCP’s balance sheet, SXC plans to provide an incentive distribution rights (IDR) give-back in 2016, creating more liquidity to reduce debt. The Board regularly evaluates its capital allocation strategy and will adjust its priorities to make the most effective use of distributable cash flow.
Henderson continued, “We are taking decisive action to de-lever our balance sheet to navigate through these prolonged market challenges. This decision, combined with continued significant free cash flow generation and a competitive asset base, best positions us for long-term success.”
SunCoke Energy Partners, L.P. Board of Directors Declares Distribution of $0.5940 Per Unit
Today : Tuesday 26 January 2016 Suncoke Energy Partners, L.P. Common Units Representing Limited Partner Interests Charts.Today, the SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors declared a fourth quarter 2015 cash distribution of $0.5940 per limited partnership unit, or $2.38 annualized. The fourth quarter 2015 distribution will be payable on March 1, 2016, to unitholders of record on February 15, 2016. The board’s decision to hold quarterly unitholder distributions at $0.5940 per unit is part of its revised capital allocation strategy to shift excess distributable cash flow towards paying down SXCP’s debt and strengthening its balance sheet. SXCP plans to evaluate its capital allocation and distribution priorities on a quarterly basis.
SunCoke Energy Partners (NYSE:SXCP) agrees to acquire Convent Marine Terminal in Convent, La., one of the largest export terminals on the U.S. Gulf Coast and providing strategic access to seaborne markets for coal and other industrial materials, for $412M in cash and units.
SunCoke Energy Partners declares $0.5715 dividend SunCoke Energy Partners (NYSE:SXCP) declares $0.5715/share quarterly dividend, 5.7% increase from prior dividend of $0.5408. Forward yield 10.42% Payable May 29; for shareholders of record May 15; ex-div May 13.
SunCoke Energy, Inc. Announces Fourth Quarter 2014 Results
• Net loss from continuing operations attributable to shareholders in fourth quarter 2014 was $25.3 million, or $0.38 per share, and reflects impact of impairment on VISA SunCoke, our India cokemaking joint venture of $30.5 million, or $0.46 per share, and higher black lung liability charges of $8.7 million, net of tax, or $0.13 per share • Adjusted EBITDA from continuing operations increased $7.2 million to $70.0 million in fourth quarter 2014, benefiting from year-over-year improvement at Indiana Harbor • Domestic Coke Adjusted EBITDA increased $8.0 million in fourth quarter 2014 to $64.4 million • Discontinued operations, net of tax, which consists of our Coal Mining operations, lost $40.1 million, or $0.60 per share, in fourth quarter 2014. The quarter was impacted by a $17 per ton decline in average coal sale price and additional asset impairment charges http://finance.yahoo.com/news/suncoke-energy-inc-announces-fourth-130200862.html
On January 28, 2015, SunCoke Energy, Inc. (SXC) entered into an accelerated share repurchase (ASR) agreement for the buyback of $20 million of SXC’s common stock through March 2015. The actual number of shares repurchased will be based on a discounted volume-weighted average share price of SXC’s common stock during the term of the agreement.
This $20 million ASR agreement is part of the $150 million share repurchase program authorized by SXC’s Board of Directors in July 2014. Under this program we previously completed a $75 million ASR of common stock in October 2014.
“Today’s action affirms our intent to continue to pursue share repurchases as a key element of our capital allocation framework while maintaining our financial flexibility to fund major growth projects and pay dividends,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “We intend to execute repurchases on the remaining $55 million available under our authorization over time via other ASRs or opportunistically through the open market.”
NEWS: $SXCP Announces Date for Fourth Quarter 2014 Earnings and 2015 Guidance
Last update: 09/12/2014 8:03:00 am
LISLE, Ill.--(BUSINESS WIRE)--December 09, 2014--
SunCoke Energy, Inc. (NYSE: SXC) and SunCoke Energy Partners, L.P. (NYSE: SXCP) plan to issue fourth quarter 2014 earnings and provide 2015 guidance before market opens on Thursday, January 29, 2015. Also on this date, both companies plan to host conference calls for investors, which will be webcast live and archived for replay on their respective websites. Times and dial-in information for these conference calls and webcasts will be provided in early January 2015.
SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) is the largest independent producer of coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat-recovery cokemaking process produces high-quality coke for use in steelmaking, typically captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., we have cokemaking operations in Vitoria, Brazil and Odisha, India. Our coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia. In addition, through our 56 percent ownership of SXCP, we have an interest in SXCP's coal logistics business, which has the collective capacity to blend and transload more than 30 million tons of coal annually. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.
SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly-traded master limited partnership that manufactures coke used in the blast furnace production of steel and provides coal handling services to the coke, steel and power industries. Our advanced, heat recovery cokemaking process produces consistently high-quality coke, captures waste heat to generate steam or electricity, and reduces environmental impacts. Our coal handling terminals have the collective capacity to blend and transload more than 30 million tons of coal annually and are strategically located to enable material delivery to U.S. ports in the Gulf Coast, East Coast and Great Lakes. Our General Partner is a wholly owned subsidiary of SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of coke in the Americas, with 50 years of cokemaking experience and an international reputation for leadership, innovation and environmental stewardship in our industry. To learn more about SunCoke Energy Partners, L.P., visit our website at www.sxcpartners.com.
FORWARD LOOKING STATEMENTS
Some of the statements included in this press release constitute "forward looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). 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 the Company) 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 the Company, 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 the Company; and changes in tax, environmental and other laws and regulations applicable to the Company's businesses.
Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of the Company's management, and upon assumptions by the Company 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. The Company 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.
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company 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 the Company. For information concerning these factors, see the Company'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 the Company'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. Coke Production Estimated to Be 414 Thousand Tons in First Quarter 2014
SunCoke Energy Partners, L.P. (SXCP) today reported preliminary first quarter 2014 coke production at its Haverhill and Middletown facilities totaling 414 thousand tons, down from 442 thousand tons in first quarter 2013. The portion of this production attributable to SXCP, which owns a 65 percent interest in both facilities, is 269 thousand tons in first quarter 2014 versus 287 thousand tons for the same prior year period. The year-over-year decline reflects the impact of severe winter weather on coke production and yield performance, primarily at our Haverhill facility.
Capacity utilization at Haverhill and Middletown collectively was 102 percent in the first quarter 2014 as compared to 109 percent in the prior year period.
SunCoke to Divest Domestic Coke Assets, Shares Dip
Zacks By Zacks Equity Research March 14, 2014 3:45 PM
SunCoke Energy, Inc. (SXC) announced at its investor day that it plans to sell its domestic coke making assets to SunCoke Energy Partners, L.P. (SXCP). The company also announced its strategic plan to exit the coal mining business altogether.
The announcement failed to invoke any positive sentiment from the investors with the share price falling nearly 6.0% to $21.28 from Mar 11.
SunCoke’s domestic coke making and heat recovery operations are conducted at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. Its coal mining business consists of metallurgical coal mining activities in Virginia and West Virginia.
The divestment of its domestic coke making operations will be done on a part by part basis, with an initial dropdown of a 33% interest at the Haverhill and Middletown operations. SunCoke Energy Partners is already a 65% interest holder in these assets while SunCoke Energy plans to retain a 2% interest in these units.
Though not confirmed, SunCoke Energy expects SunCoke Energy Partners to fund this transaction through a combination of equity and debt funding. If the above options are followed, the sale of coke assets will enhance SunCoke Energy’s cash balance and enhance its ownership interest in the partnership.
SunCoke Energy reported a counterproductive Q4 and 2013 financial statement with a decline in consolidated revenues and earnings. As per the release, SunCoke reported a revenue drop of 21.8% in domestic coke operations and 23.8% in its mining business. While a decline in adjusted EBITDA of 9.5% was reported for domestic operations, coal mining operations incurred a loss of $8.9 million.
SunCoke Energy lowered its adjusted EBITDA projection for the first quarter by $10–$15 million. For the full year, the company expects adjusted EBITDA on the lower end of the $230–$255 million range. The reduced guidance takes into account operational challenges at its Indiana Harbor facility and unfavorable weather.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly traded master limited partnership. We are sponsored by SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of metallurgical coke in the Americas, with more than 50 years of cokemaking experience and an international reputation for leadership, innovation and environmental stewardship in our industry.
SXCP’s operations include facilities that make coke for some of the largest blast furnace steelmakers in the United States. We use an advanced, heat recovery cokemaking process to produce higher quality coke, generate energy from waste heat and reduce environmental impact.
News 
Market Data 
Discover 
