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Suncoke Energy Partners, L.P. (SXCP) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

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 SECOND QUARTER 2017 RESULTS

 

    Net loss attributable to SXCP was $12.9 million in the second quarter 2017, down $25.0 million versus the prior year period primarily driven by $19.9 million of debt extinguishment costs related to our debt refinancing activities in the current year period

 

    Adjusted EBITDA attributable to SXCP was $42.2 million for the quarter, up $1.3 million versus the prior year period

 

    Second quarter 2017 Distributable Cash Flow (“DCF”) and Distribution Cash Coverage Ratio (“Cash Coverage”) of $18.0 million and 0.61x, respectively, include $8.4 million repayment of deferred corporate costs and IDRs to SXC; excluding the repayment, DCF and Cash Coverage were $26.4 million and 0.89x, respectively

 

    Declared second quarter 2017 distribution of $0.5940 per unit

 

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

Lisle, Ill. (July 27, 2017) - SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported results for the second quarter 2017, which reflect comparable consolidated operating results and current period charges related to debt refinancing completed in the quarter.

“Our second quarter operating performance finished in line with our expectations and positions us to achieve our financial guidance targets in 2017,” said Fritz Henderson, Chairman, President and Chief Executive Officer of SunCoke Energy Partners, L.P. “Additionally, in the quarter we successfully completed our debt refinancing which extends our revolver and note maturities and provides the flexibility to execute our growth and capital allocation strategies going forward.”


The following information was filed by Suncoke Energy Partners, L.P. (SXCP) on Thursday, July 27, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Equity (unaudited)
Consolidated Statements Of Operations (unaudited)
Business Segment Disclosures
Business Segment Disclosures (tables)
Business Segment Disclosures - Adjusted Ebitda (details)
Business Segment Disclosures - Revenues By Operating Segment (details)
Business Segment Disclosures - Revenues, Expenses And Assets By Segment (details)
Business Segment Disclosures - Segment Assets (details)
Cash Distributions And Net Income Per Unit
Cash Distributions And Net Income Per Unit (tables)
Cash Distributions And Net Income Per Unit - Allocation Of Net Income (details)
Cash Distributions And Net Income Per Unit - Allocation Of Total Quarterly Cash Distributions To General And Limited Partners (details)
Cash Distributions And Net Income Per Unit - Calculation Of Earnings Per Unit (details)
Cash Distributions And Net Income Per Unit - Calculation Of Net Income Allocated To The General And Limited Partners (details)
Cash Distributions And Net Income Per Unit - Distributions Percentage Allocations (details)
Cash Distributions And Net Income Per Unit - Unit Activity (details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Debt And Financing Obligation
Debt And Financing Obligation - Narrative (details)
Debt And Financing Obligation (tables)
Debt And Financing Obligation - Schedule Of Long Term Debt (details)
Fair Value Measurements
Fair Value Measurements (details)
General
General (details)
General (policies)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details Textual)
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Gross And Net Intangible Assets (details)
Income Taxes
Income Taxes (details)
Inventories
Inventories (details)
Inventories (tables)
Related Party Transactions And Agreements
Related Party Transactions And Agreements (details)
Ticker: SXCP
CIK: 1555538
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-17-007327
Submitted to the SEC: Thu Jul 27 2017 12:09:40 PM EST
Accepted by the SEC: Thu Jul 27 2017
Period: Friday, June 30, 2017
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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