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

SunCoke Energy Partners LP (SXCP) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.21. Analysts had a consensus of $0.44. The company posted revenue of $181.40 million in the period, compared to analysts expectations of $198.90 million. The company’s revenue was down -12.6% compared to the same quarter last year.

SunCoke Energy Partners LP closed down -0.86 points or -5.63% at $14.41 with 6,03,368 shares getting traded on Thursday. Post opening the session at $15, the shares hit an intraday low of $13.75 and an intraday high of $15.05 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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