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Suncoke Energy Partners, L.P. (SXCP) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Suncoke Energy Partners, L.P.

CIK: 1555538 Ticker: SXCP

Exhibit 99.1

 

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Investors and Media:

Jonathan Lock & Ryan Rendino

(630) 824-1987

SUNCOKE ENERGY PARTNERS, L.P. ANNOUNCES FULL-YEAR 2017 RESULTS ABOVE GUIDANCE RANGE

AND PROVIDES GUIDANCE FOR STRONG FULL-YEAR 2018 PERFORMANCE

 

    Net income attributable to SXCP was $101.5 million in fourth quarter 2017, reflecting benefits associates with the new tax legislation; net loss attributable to SXCP was $18.1 million in full-year 2017, reflecting the net tax impacts of the final regulations on qualifying income and the new tax legislation

 

    Operating cash flow was $136.7 million and $24.0 million in the full-year and fourth quarter 2017, with operating cash flow coverage of 1.16x and 0.82x, respectively

 

    Full-year 2017 Adjusted EBITDA attributable to SXCP increased $11.6 million, or 5.5%, to $221.3 million, and finished above our guidance range of $210 million to $220 million

 

    Adjusted EBITDA attributable to SXCP was $70.8 million in fourth quarter 2017, reflecting record volumes at CMT and the recognition of $16.4 million of deferred revenue on take-or-pay contracts

 

    Full-year 2017 Distributable Cash Flow of $127.6 million and Distributable Cash Coverage of 1.08x were both at the top end of our guidance ranges

 

    Full-year 2018 Adjusted EBITDA attributable to SXCP guidance of $215 million to $225 million

LISLE, Ill. (January 31, 2018) - SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported fourth quarter and full-year 2017 results, reflecting improved operating performance and the net impact of tax items discussed above.

“A solid fourth quarter contributed to SunCoke’s success in delivering full-year Adjusted EBITDA above our guidance range, and again illustrated the strength of our coke and logistics businesses,” said Mike Rippey, Chairman, President and Chief Executive Officer of SunCoke Energy Partners, L.P. “In 2017, our teams delivered strong operating results, which included the continued work on our Granite City gas sharing project as well as our successful efforts to diversify CMT’s customer and product base, and also optimized SXCP’s capital structure.”

Looking forward, the Partnership expects 2018 Adjusted EBITDA attributable to SXCP to be between $215 million and $225 million. This outlook reflects higher logistics volumes, partially offset by our coke business returning to normalized performance as compared to the prior year period.

Rippey continued, “As we move into 2018, we will remain focused on operations excellence, including leveraging our unique capabilities at CMT to secure new business. In doing so, I am confident that we can again execute against our objectives and deliver value to SXCP unitholders.”


The following information was filed by Suncoke Energy Partners, L.P. (SXCP) on Wednesday, January 31, 2018 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 Suncoke Energy Partners, L.P.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

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 Operations
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 (tables)
Business Segment Information
Business Segment Information (adjusted Ebitda) (details)
Business Segment Information (narrative) (details)
Business Segment Information (operating Revenue By Product Or Service) (details)
Business Segment Information (segment Assets) (details)
Business Segment Information (segment Profit Or Loss) (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) (details)
Debt And Financing Obligation (issuance Of 2025 Partnership Senior Notes (details)
Debt And Financing Obligation (partnership Financing Obligation) (details)
Debt And Financing Obligation (partnership Revolver) (details)
Debt And Financing Obligation (purchase, Redemption And Repayment Of Partnership Debt) (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)
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: 0001555538-18-000001
Submitted to the SEC: Thu Feb 15 2018 5:03:50 PM EST
Accepted by the SEC: Thu Feb 15 2018
Period: Sunday, December 31, 2017
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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