NEW YORK SunCoke Energy
Partners LP saw its attributable net income rise to $15.3
million during the first quarter from $12.4 million in the same
Quarterly revenue rose 4.6
percent to $184.9 million year on year on coke sales that
gained 5.7 percent to 448,000 tonnes, while total coke
production rose 3.3 percent.
Adjusted earnings before
interest, taxes, depreciation and amortization (Ebitda) rose
41.2 percent to $41.5 million from $29.4 million in the
corresponding 2012 period, the company said April 25.
The gain was driven by improved
recovery in operating costs at the SunCoke Energy Inc. plant in
Middletown, Ohio, and better coal-to-coke yield in Haverhill,
Lisle, Ill.-based SunCoke Energy
Partners is a master limited partnership that owns a 65-percent
stake in SunCoke Energys Haverhill and Middletown coke
"We currently expect to increase our quarterly distribution
rate by about 2.5 percent in the next quarter and anticipate an
overall increase of about 7 percent for our fourth-quarter 2012
distribution, which will be paid in early 2014," chairman and
chief executive officer Frederick "Fritz" Henderson said.
A version of
this article was first published by AMM sister publication