SunCoke Energy Partners LP Earnings: Here’s Why Investors are Happy 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 down 0%.

SunCoke Energy Partners LP Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $403.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.43. It beat the average revenue estimate of $169.3 million.

Quoting Management: “In the second quarter, we delivered value to investors through an increase to our quarterly cash distribution — an increase supported by the sustained strong operations at our Haverhill and Middletown facilities,” said Fritz Henderson, Chairman and Chief Executive Officer of SXCP. “In addition, we announced our intent to acquire the assets of Lakeshore Coal Handling Corporation, which we expect will be accretive to distributable cash flow. We continue to see significant opportunities to grow our business and enhance investor value by extending our position as a leading supplier to the U.S. and Canadian steel industry.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS decreased 78.38% from $0.37 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 profit of $0.47 to a profit $0.48. For the current year, the average estimate has moved up from a profit of $1.82 to a profit of $1.9 over the last ninety days.

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

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