SunCoke Energy Partners Earnings: Here’s Why Investors are Buying Shares Now

SunCoke Energy Partners LP (NYSE:SXCP) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.54%.

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SunCoke Energy Partners LP Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $184.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.37 per share. By that measure, the company missed the mean analyst estimate of $0.44. It beat the average revenue estimate of $160.48 million.

Quoting Management: “We are off to a strong start in our first quarter as a master limited partnership thanks to the high level of performance at our Middletown and Haverhill facilities,” said Fritz Henderson, Chairman and Chief Executive Officer of SXCP. “We are pleased with how the MLP structure highlights the value of our cokemaking operations and our initial cash distribution demonstrates the value that we can deliver to unit holders.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.45. For the current year, the average estimate has moved up from a loss of $0 to a profit of $1.83 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)