Revenue Update on SunCoke Energy Partners LP(NYSE:SXCP)

SunCoke Energy Partners LP(NYSE:SXCP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $181.40M. Analysts estimated a revenue of $185.40M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.42.

SunCoke Energy Partners LP (SXCP) made into the market gainers list on Thursdays trading session with the shares advancing 0.27% or 0.04 points. Due to strong positive momentum, the stock ended at $14.7, which is also near the day’s high of $15. The stock began the session at $14.66 and the volume stood at 2,75,749 shares. The 52-week high of the shares is $16.85 and the 52 week low is $5.16. The company has a current market capitalization of $679 M and it has 4,62,10,119 shares in outstanding.

SunCoke Energy Partners LP has also declared a cash dividend of $0.5940 on Jul 25, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Several Insider Transactions has been reported to the SEC. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

SunCoke Energy Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on SunCoke Energy Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.