SunCoke Energy Partners, L.P. Total Coke Production Estimated to Be 595,000 Tons in Fourth Quarter 2015
-
Full-year 2015 total coke production projected to be 2.42 million tons
versus 2.44 million tons in 2014
SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported preliminary
fourth quarter 2015 coke production of 595,000 tons, reflecting 100
percent of the production at our Haverhill, Middletown and Granite City
facilities. The decrease versus the same prior year period largely
reflects 2015 Granite City volumes at contract maximum levels.
Full-year 2015 estimated coke production of 2.42 million tons is down
approximately 12,000 tons compared with full-year 2014, reflecting the
same item discussed above.
Capacity utilization collectively was 103 percent and 105 percent for
fourth quarter and full-year 2015, respectively, as compared to 108
percent and 106 percent for the same prior year periods.
|
|
|
|
|
Preliminary Domestic Coke Production and Capacity Utilization
|
|
|
|
For quarter ended
|
|
|
For year ended
|
|
|
|
December 31,
|
|
|
December 31,
|
(Coke production in thousands of tons)
|
|
|
2015(1)
|
2014
|
|
|
2015
|
2014
|
Haverhill, Middletown and Granite City Coke Production (100%)
|
|
|
595
|
628
|
|
|
2,423
|
2,435
|
Production Attributable to SXCP(2)
|
|
|
583
|
443
|
|
|
2,260
|
1,513
|
Capacity Utilization (percent) (3)
|
|
|
103
|
108
|
|
|
105
|
106
|
(1) Estimated
(2) Includes 98 percent of the coke production at the
Haverhill, Middletown and Granite City cokemaking operations in
the fourth quarter of 2015, compared to 98 percent of the coke
production at Haverhill and Middletown in the same respective
prior year period
(3) All periods reflect capacity utilization at Haverhill,
Middletown and Granite City cokemaking facilities
|
|
See exhibit at end of release for coke production schedule for
the last four quarters.
|
UPCOMING EVENTS
SunCoke Energy Partners, L.P. tentatively plans to issue fourth quarter
2015 earnings before market opens and host an investor conference call
at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Thursday, January
28, 2016. This conference call will be webcast live and archived for
replay in the Investor Relations section of www.suncoke.com.
Investors may participate on this call by dialing 1-877-201-0168 in the
U.S. or 1-647-788-4901 if outside the U.S., confirmation code 22723340.
ABOUT SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly traded master
limited partnership that manufactures high-quality coke used in the
blast furnace production of steel and provides export and domestic coal
handling services to the coke, coal, steel and power industries. In our
cokemaking business, we utilize an innovative heat-recovery technology
that captures excess heat for steam or electrical power generation and
have long-term, take-or-pay coke contracts that pass through commodity
and certain operating costs. Our coal handling terminals have the
collective capacity to blend and transload more than 45 million tons of
coal each year and are strategically located to reach Gulf Coast, East
Coast, Great Lakes and international ports. SXCP’s General Partner is a
wholly owned subsidiary of SunCoke Energy, Inc. (NYSE: SXC), which has
more than 50 years of cokemaking experience serving the integrated steel
industry. To learn more about SunCoke Energy Partners, L.P., visit our
website at www.suncoke.com.
FORWARD-LOOKING STATEMENTS
Some of the statements included in this press release constitute
“forward-looking statements.” Forward-looking statements include all
statements that are not historical facts and may be identified by the
use of such words as “believe,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,”
“will,” “should” or the negative of these terms or similar expressions.
Forward-looking statements are inherently uncertain and involve
significant known and unknown risks and uncertainties (many of which are
beyond the control of SXCP) that could cause actual results to differ
materially.
Such risks and uncertainties include, but are not limited to domestic
and international economic, political, business, operational,
competitive, regulatory and/or market factors affecting SXCP, as well as
uncertainties related to: pending or future litigation, legislation or
regulatory actions; liability for remedial actions or assessments under
existing or future environmental regulations; gains and losses related
to acquisition, disposition or impairment of assets; recapitalizations;
access to, and costs of, capital; the effects of changes in accounting
rules applicable to SXCP; and changes in tax, environmental and other
laws and regulations applicable to SXCP's businesses.
Forward-looking statements are not guarantees of future performance, but
are based upon the current knowledge, beliefs and expectations of SXCP
management, and upon assumptions by SXCP concerning future conditions,
any or all of which ultimately may prove to be inaccurate. The reader
should not place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. SXCP does not
intend, and expressly disclaims any obligation, to update or alter its
forward-looking statements (or associated cautionary language), whether
as a result of new information, future events or otherwise after the
date of this press release except as required by applicable law.
SXCP has included in its filings with the Securities and Exchange
Commission cautionary language identifying important factors (but not
necessarily all the important factors) that could cause actual results
to differ materially from those expressed in any forward-looking
statement made by SXCP. For information concerning these factors, see
SXCP's Securities and Exchange Commission filings such as its annual and
quarterly reports and current reports on Form 8-K, copies of which are
available free of charge on SXCP's website at www.sxcpartners.com.
All forward-looking statements included in this press release are
expressly qualified in their entirety by such cautionary statements.
Unpredictable or unknown factors not discussed in this release also
could have material adverse effects on forward-looking statements.
|
SunCoke Energy Partners, L.P.
Domestic Coke Production and Capacity Utilization
|
|
|
For quarter ended
|
|
For quarter ended
|
|
For quarter ended
|
|
For quarter ended
|
|
|
December 31,
|
|
September 30,
|
|
June 30,
|
|
March 31,
|
(Coke production in thousands of tons)
|
|
2015(1)
|
|
2014
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
Haverhill, Middletown and Granite City Coke Production (100%)
|
|
595
|
|
628
|
|
619
|
|
629
|
|
605
|
|
611
|
|
604
|
|
567
|
Production Attributable to SXCP(2)
|
|
583
|
|
443
|
|
588
|
|
438
|
|
555
|
|
364
|
|
533
|
|
269
|
Capacity Utilization (percent)(3)
|
|
103
|
|
108
|
|
107
|
|
109
|
|
106
|
|
107
|
|
106
|
|
100
|
(1) Estimated
|
(2) For periods prior to the May 9, 2014 closing on the acquisition
of an additional 33 percent interest in the Haverhill and Middletown
cokemaking operations, reflects 65 percent of the production at
these two facilities. After May 9, 2014, reflects 98 percent of the
production at these two facilities. For periods after the January
13, 2015 closing on the acquisition of 75 percent interest in
Granite City cokemaking operation, includes 75 percent of production
at this facility. For periods after the August 12, 2015 closing on
the acquisition of an additional 23 percent interest in Granite City
cokemaking operation, includes 98 percent of production at this
facility
|
(3) All periods reflect capacity utilization at Haverhill,
Middletown and Granite City cokemaking facilities
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20160108005113/en/
Copyright Business Wire 2016