SXCP has acquired Convent Marine Terminal, a premier export hubs on the U.S. Gulf Coast, for $412 million. Located in Convent, La., the terminal supports low-cost Illinois Basin coal producers and provides strategic access to seaborne markets for coal and other industrial materials.
“This acquisition will represent a compelling strategic fit by adding a preeminent export asset to our coal logistics business,” said Fritz Henderson, Chairman and CEO of SunCoke Energy Partners, L.P. “We expect this transaction will be accretive from day one with consistent earnings and stable cash flows for SXCP, resulting in increased cash distributions to SXCP unitholders and higher incentive distribution payments to our general partner.”
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to the integrated steel industry under long-term take-or-pay coke contracts that pass through commodity and certain operating costs to customers. We utilize an innovative heat-recovery cokemaking technology that captures excess heat for steam or electrical power generation. We are the sponsor of SunCoke Energy Partners, L.P. (NYSE: SXCP), a publicly traded master limited partnership, holding a 2 percent general partner interest, 56...More >>
SunCoke Energy, Inc. Completes Granite City Dropdown Transaction
SunCoke Energy, Inc. Announces Second Quarter 2015 Results and Reaffirms Full Year Guidance
SunCoke Energy, Inc. and SunCoke Energy Partners, L.P. Update Schedules for Second Quarter 2015 Earnings Conference Calls and Webcasts
SunCoke Energy, Inc. Increases Cash Dividend 100 Percent
Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.