SunCoke Energy Partners, L.P. reported Tuesday third quarter 2013 net income attributable to SXCP of $13.7 million.? Prior year net income of $17.4 million is not comparable as prior year results are before the initial public offering of a 65 percent interest in SunCoke Energy, Inc.'s Haverhill and Middletown cokemaking facilities.
"Our commitment to creating value for unit holders is most directly demonstrated through increases to our cash distributions per unit," said Fritz Henderson, Chairman and Chief Executive Officer of SXCP. "Since our initial public offering in January of this year, we have increased our distributions per unit twice on the strength of our operating performance. In addition, we recently completed two coal logistics acquisitions that we expect will support future distribution growth. As a result, we intend to raise our fourth quarter 2013 distribution to $0.4750, nearly a 10 percent increase over third quarter and 15 percent increase over our minimum quarterly distribution."
