SunCoke Energy Partners LP (SXCP) Releases Earnings Results, Beats Expectations By $0.21 EPS

SunCoke Energy Partners LP (SXCP) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $0.43. The company posted revenue of $194.50 million in the period, compared to analysts expectations of $215.68 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

SunCoke Energy Partners LP opened for trading at $11.4 and hit $11.88 on the upside on Friday, eventually ending the session at $11.36, with a gain of 1.43% or 0.16 points. The heightened volatility saw the trading volume jump to 2,03,978 shares. Company has a market cap of $525 M.

In a different news, on Jul 22, 2015, Frederick A. Henderson (CEO) purchased 4,500 shares at $16.60 per share price.

SunCoke Energy Partners LP is engaged in manufacturing coke used in the blast furnace production of steel. The Company operates its business through two segments: Domestic Coke and Coal Logistics. The Company’s coke making ovens utilize heat recovery technology designed to combust the coal’s volatile components liberated during the coke making process and uses the resulting heat to create steam or electricity for sale. The Company is also engaged in coal handling and blending services through the Company’s interests in Lakeshore Coal Handling Corporation (Lake Terminal) located in East Chicago Indiana which provides coal handling and blending services to its Indiana Harbor coke making operations and Kanawha River Terminals. Kanawha River Terminals is a metallurgical and thermal coal blending and handling terminal service provider with collective capacity to blend and transload approximately 30 million tons of coal annually through its operations in West Virginia and Kentucky.

SunCoke Energy Partners LP

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