Suncoke Energy Partners fka SXCP

[Couch]

SunCoke Energy Partners, L.P. Announces Strongest Ever Quarterly Operating Performance With Third Quarter 2017 Results

https://finance.yahoo.com/news/suncoke-energy-partners-l-p-104500540.html

- Net income attributable to SXCP was $22.6 million in the third quarter 2017, up $1.3 million versus the same prior year period

- Adjusted EBITDA attributable to SXCP was $57.4 million for the quarter, up $12.6 million or ~28% versus the prior year period due to higher sales volumes in our logistics business as well as improved coke performance

- Declared third quarter 2017 distribution of $0.5940 per unit; third quarter 2017 Distributable Cash Flow ("DCF") and Distribution Cash Coverage Ratio ("Cash Coverage") of $39.7 million and 1.35x, respectively

- Handled first shipment of crushed stone (aggregates) for new customer at CMT facility; also successfully handled first trial shipments of rail-borne petcoke in early-October

- Well positioned to achieve top end of full-year 2017 Adjusted EBITDA attributable to SXCP guidance of $210 million to $220 million

LISLE, Ill., Oct. 26, 2017 /PRNewswire/ -- SunCoke Energy Partners, L.P. (SXCP) today reported results for the third quarter 2017, which reflect strong operating results across SXCP's coke and logistics businesses. The third quarter also benefited from the timing of scheduled outages at our cokemaking facilities.

"Our third quarter operating performance was the best in SXCP's history after adjusting for the timing impact related to Convent's deferred revenue in the fourth quarter of each year," said Fritz Henderson, Chairman, President and Chief Executive Officer of SunCoke Energy, Inc. "This record-setting quarter, coupled with our performance in the first half of the year, position us to achieve the top end our full-year 2017 Adjusted EBITDA guidance."

During the quarter, SunCoke's Convent Marine Terminal received its first shipment of crushed stone (aggregates) under a multi-year contract with firm use commitments. In addition, the terminal also successfully handled its first trial shipments of rail-borne petcoke for two refinery customers in early-October.

Henderson continued, "Our team has aggressively pursued new opportunities for diversifying our product and customer mix since acquiring Convent in mid-2015, and we are pleased with the progress we have made over the last few quarters. Going forward, we believe that we can leverage the terminal's capabilities to enter new vertical markets, expand existing products and grow Adjusted EBITDA by $5 million to $10 million over the next two years."