SunCoke Energy Partners, L.P. Chairman, President and CEO Fritz Henderson Interviewed by Advisor Access


SAN FRANCISCO, CA--(Marketwired - Jan 12, 2016) -  SunCoke Energy Partners, L.P. (NYSE: SXCP) is the only MLP serving integrated steel producers.

  • Since its IPO in January 2013, raised quarterly cash distributions by 44%
  • Intends to hold quarterly distributions at $.5940 per unit, or $2.376 annualized, in 2016
  • Insulated from commodity price volatility due to key provisions in long-term take-or-pay contracts
  • Consistent cash flow
  • Strong sponsor support

SunCoke Energy Partners, L.P. (NYSE: SXCP), is a raw materials processing, refining and handling company that produces coke for U.S. integrated steelmakers and provides domestic and export coal handling services for the steel, coal and power industries. Fritz Henderson is chairman, president and CEO of SXCP and its general partner, SunCoke Energy, Inc. (NYSE: SXC). Prior to joining SunCoke, Henderson served in several leadership positions at General Motors, including COO, CFO and president and CEO.

Advisor Access spoke with Fritz Henderson about the future of SunCoke Energy.

Advisor Access: SXCP is a non-traditional MLP. What makes it unique and why is it well-suited for the MLP structure?

Fritz Henderson: SunCoke is the only publicly traded master limited partnership serving integrated steel producers. As a processor, refiner and handler of raw materials, we meet the definition of an MLP. To make coke, we heat metallurgical coal in large-scale, specially-designed ovens for about 48 hours. The high temperature burns off the coal's impurities and leaves behind a refined, carbon-rich product called coke. This coke gets mixed with iron ore and other elements, like limestone, and heated again in a blast furnace as part of the steel-making process.

Our coal logistics business generates MLP-qualifying income through the transloading of coal at our terminals in the Ohio River Valley, Great Lakes and Gulf Coast regions. We can handle up to 45 million tons each year.

We believe the MLP structure is an ideal way to highlight and value the stability of our business model. Our long-term, take-or-pay contracts at our coke plants and Gulf Coast terminal insulate us from commodity price risk. Those contracts, combined with our strong operational performance, help us deliver consistent cash flows.

AA: How do your customer relationships play into the company's core strengths?

Read the complete response to this question and the full interview with Chairman, President and CEO Fritz Henderson by clicking HERE.

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DISCLOSURE:
SunCoke Energy Partners, L.P. (NYSE: SXCP), paid Advisor Access to produce and distribute this interview. SXCP had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are those of SXCP and not of Advisor Access or its employees, contractors or owners.

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