SunCoke Energy Partners upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded SunCoke Energy Partners based on double-digit distribution growth over then next several years. Price target raised to $34 from $27.
News For SXCP From The Last 14 Days
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SunCoke Energy Partners lowers FY14 adjusted EBITDA view to $126M-$132M Updated 2014 Adjusted EBITDA attributable to SXCP and distributable cash flow outlooks are now $126M-$132M and $83M-$89M, respectively. The company said, "While we trimmed our 2014 Adjusted EBITDA attributable to SXCP and distributable cash flow outlooks due to lower yields and production and higher costs in the first half, we continue believe we can drive an additional 5 percent increase in cash distributions per unit in 2014 and maintain a comfortable cash coverage ratio.”
SunCoke Energy Partners reports Q2 revenue $160.7M, consensus $173.67M Reports Q2 net income attributable to SXCP of $1.2M, which includes $18.9M of expense incurred in connection with the acquisition of an additional 33% interest in Haverhill and Middletown cokemaking facilities. Adjusted EBITDA of $36.6M in Q2 was down slightly reflecting the impact of lower yields and higher costs, partly offset by the contribution of our new Coal Logistics business.