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Stock Market & Financial Investment News

News Breaks
July 24, 2014
08:14 EDTSXCPSunCoke 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.
News For SXCP From The Last 14 Days
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March 27, 2015
10:03 EDTSXCPOn The Fly: Analyst Upgrade Summary
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06:21 EDTSXCPSunCoke Energy Partners upgraded to Buy from Neutral at Citigroup
Citigroup upgraded SunCoke Energy Partners to Buy citing the recent pullback in shares and keeps a $26 price target for the name. Citi points out the company is protected by long-term take-or-pay contracts with all its customers. It believes the company has "much greater" earnings visibility than the current valuation suggests.
March 25, 2015
16:07 EDTSXCPSunCoke says temporary idling doesn’t change U.S. Steel obligations under pact
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14:26 EDTSXCPWells Fargo tells SunCoke investors not to panic
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11:14 EDTSXCPSunCoke oversold on U.S. Steel news, says Brean Capital
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11:13 EDTSXCPSunCoke drops after customer announces plans to idle Granite City operations
Shares of SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP) are both sharply lower after U.S. Steel (X), the principal customer of their Granite City cokemaking facility, announced it will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations. The consolidation is part of an on-going adjustment of steelmaking operations throughout North America to match customer demands, said U.S. Steel, which noted that it routinely adjusts production at its operating facilities to reflect "market fluctuations." In morning trading, Suncoke Energy shares fell 11% to $15.01, while Suncoke Energy Partners dropped 10.25% to $19.87.

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