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Suncoke Energy Partners, L.P. (SXCP) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Suncoke Energy Partners, L.P.

CIK: 1555538 Ticker: SXCP

Exhibit 99.1

 

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Kyle Bland: 630-824-1987

SUNCOKE ENERGY PARTNERS, L.P. ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2016 RESULTS AND PROVIDES FULL-YEAR 2017 GUIDANCE

 

    Net income attributable to SXCP was $45.9 million and $119.1 million in fourth quarter and full-year 2016, respectively

 

    Adjusted EBITDA attributable to SXCP increased $19.9 million to $76.7 million in fourth quarter 2016, primarily due to the recognition of higher CMT deferred revenue

 

    Full-year 2016 Adjusted EBITDA attributable to SXCP increased $18.2 million to $209.7 million, in line with guidance and driving full-year distributable cash flow of $152.3 million

 

    Repaid $10 million of borrowings in the quarter, pushing full-year 2016 total to $85 million net debt reduction

 

    Full-year 2017 Adjusted EBITDA attributable to SXCP guidance of $210 million to $220 million

LISLE, Ill. (January 26, 2017) - SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported fourth quarter 2016 net income attributable to SXCP of $45.9 million, up $9.6 million versus the same prior year period. Fourth quarter Adjusted EBITDA attributable to SXCP was $76.7 million, up $19.9 million versus the prior year period primarily due to the recognition of CMT deferred revenue.

Full-year 2016 net income attributable to SXCP was $119.1 million, representing a $33.7 million increase versus the same prior year period. The Company delivered full-year 2016 Adjusted EBITDA attributable to SXCP of $209.7 million which was $18.2 million higher than full-year 2015 and in line with its full-year guidance of between $207 million and $217 million.

“Fourth quarter and full-year results were in line with expectations, and again illustrate the ability for our coke and coal logistics segments to consistently generate stable results,” said Fritz Henderson, President, Chairman and Chief Executive Officer of SunCoke Energy Partners, L.P. “In 2016, we set out to manage through the challenging market conditions that our customers faced while continuing to focus on de-levering our balance sheet and achieving our financial objectives. I am pleased that we have successfully delivered against these initiatives.”

Looking forward, the Company expects 2017 Adjusted EBITDA attributable to SXCP to be between $210 million and $220 million. This outlook reflects higher Coal Logistics volumes and sustained Domestic Coke performance.

Henderson continued, “As we move into 2017, we are focused on executing against our 2017 objectives and delivering value to SunCoke unitholders.”


The following information was filed by Suncoke Energy Partners, L.P. (SXCP) on Thursday, January 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Combined And Consolidated Statements Of Cash Flows
Combined And Consolidated Statements Of Equity
Combined And Consolidated Statements Of Income
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Acquisitions
Acquisitions (changes In Partnership's Ownership Interests) (details)
Acquisitions (covent Marine Terminal) (details)
Acquisitions (granite City Dropdown) (details)
Acquisitions (haverhill And Middletown Dropdown) (details)
Acquisitions (tables)
Business Segment Information
Business Segment Information (operating Revenue By Product Or Service) (details)
Business Segment Information (reconciliation Of Adjusted Ebitda) (details)
Business Segment Information (segment Results And Assets) (details)
Business Segment Information (tables)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (future Minimum Annual Rentals) (details)
Commitments And Contingent Liabilities (tables)
Customer Concentrations
Customer Concentrations (customer Concentrations) (details)
Customer Concentrations (schedule Of Major Customers) (details)
Customer Concentrations (tables)
Debt And Financing Obligation
Debt And Financing Obligation (covenants Narrative) (details)
Debt And Financing Obligation (financing Obligation Narrative) (details)
Debt And Financing Obligation (partnership Notes, Revolver, Promissory Note And Term Loan) (details)
Debt And Financing Obligation (schedule Of Fiscal Year Maturities) (details)
Debt And Financing Obligation (schedule Of Long Term Debt) (details)
Debt And Financing Obligation (tables)
Fair Value Measurements
Fair Value Measurements (details)
General
General (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (components Of Definite-lived Intangible Assets) (details)
Goodwill And Other Intangible Assets (goodwill) (details)
Goodwill And Other Intangible Assets (schedule Of Future Amortization Of Finite- Lived Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (components Of Income Taxes) (details)
Income Taxes (income Tax Expense Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Net Income Per Unit And Cash Distribution
Net Income Per Unit And Cash Distribution (calculation Of Earnings Per Unit) (details)
Net Income Per Unit And Cash Distribution (calculation Of Net Income Allocated To The General And Limited Partners) (details)
Net Income Per Unit And Cash Distribution (distributions Percentage Allocations) (details)
Net Income Per Unit And Cash Distribution (net Income Per Unit And Cash Distribution) (details)
Net Income Per Unit And Cash Distribution (tables)
Net Income Per Unit And Cash Distribution (unit Activity) (details)
Properties, Plants, And Equipment, Net
Properties, Plants, And Equipment, Net (details)
Properties, Plants, And Equipment, Net (tables)
Related Party Transactions
Related Party Transactions (allocated Expenses) (details)
Related Party Transactions (omnibus Agreement) (details)
Related Party Transactions (transactions With Affiliate) (details)
Retirement And Other Post-employment Benefits Plans
Retirement And Other-post-employment Benefits Plans (details)
Selected Quarterly Data (details)
Selected Quarterly Data (tables)
Selected Quarterly Data (unaudited)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: SXCP
CIK: 1555538
Form Type: 10-K Annual Report
Accession Number: 0001555538-17-000001
Submitted to the SEC: Thu Feb 16 2017 2:58:14 PM EST
Accepted by the SEC: Thu Feb 16 2017
Period: Saturday, December 31, 2016
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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