8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 9, 2015

SUNCOKE ENERGY PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

Delaware	001- 35782	35-2451470
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1011 Warrenville Road, Suite 600 Lisle, Illinois	60532
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (630) 824-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On October 12, 2015, SunCoke Energy Partners, L.P. (the “Company”) issued a press release announcing its third quarter financial results for 2015. A copy of this press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

As noted above, on October 12, 2015, the Company issued a press release announcing its financial results for the third quarter of 2015. Additional information concerning the Company’s financial results for the third quarter of 2015 was presented in a slide presentation to investors during a previously announced teleconference on October 12, 2015. A copy of the slide presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

The information in this report, being furnished pursuant to Items 2.02 and 7.01 of Form 8-K, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and is not incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

On October 9, 2015, the Company issued a press release announcing the declaration of its quarterly cash distribution. A copy of this press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Safe Harbor Statement

Statements contained in the exhibit to this report that state the Company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	SunCoke Energy Partners, L.P. Press Release, announcing earnings (October 12, 2015).
99.2	SunCoke Energy Partners, L.P. Slide Presentation regarding earnings (October 12, 2015).
99.3	SunCoke Energy Partners, L.P. Press Release, announcing quarterly cash distribution (October 9, 2015).

SIGNATURES

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SUNCOKE ENERGY PARTNERS, L.P.
By:	SunCoke Energy Partners GP LLC,
	its General Partner
	By:	/s/ Fay West
		Fay West
		Senior Vice President and Chief Financial Officer

Date: October 12, 2015

EXHIBIT INDEX

Exhibit No.	Exhibit
99.1	SunCoke Energy Partners, L.P. Press Release, announcing earnings (October 12, 2015).
99.2	SunCoke Energy Partners, L.P. Slide Presentation regarding earnings (October 12, 2015).
99.3	SunCoke Energy Partners, L.P. Press Release, announcing quarterly cash distribution (October 9, 2015).

EX-99.1

Exhibit 99.1

Investors & Media:

Lisa Ciota: 630-824-1987

Media:

Steve Carlson: 630-824-1783

SUNCOKE ENERGY PARTNERS, L.P. ANNOUNCES SOLID THIRD QUARTER 2015 RESULTS

AND INCREASES FULL YEAR 2015 GUIDANCE

• Net income attributable to SXCP and Adjusted EBITDA remained relatively flat year-on-year at $19.5 million and $51.8 million, respectively

• Adjusted EBITDA attributable to SXCP increased $12.3 million to $49.9 million reflecting our acquired interest in the Granite City coke facility and the acquisition of Convent Marine Terminal

• Distributable cash flow totaled $31.8 million in third quarter 2015, benefiting from the Convent Marine Terminal and Granite City dropdown transactions

• Increased full year outlook for 2015 Adjusted EBITDA attributable to SunCoke Energy Partners to $185 million to $190 million and 2015 distributable cash flow to $110 million to $116 million

• Repurchased $10 million of units and declared tenth consecutive quarterly distribution increase

Lisle, Ill. (October 12, 2015) - SunCoke Energy Partners, L.P. (NYSE: SXCP) today reported third quarter 2015 net income attributable to SXCP of $19.5 million as compared to $20.2 million in the same prior year period. The quarter’s results reflect the Granite City cokemaking facility dropdown and Convent Marine Terminal transactions, offset by higher financing costs and the impact of the idling of our customer’s facility, Haverhill Chemicals LLC, with whom we have a steam supply agreement.

“The acquisition of the Convent Marine Terminal had an immediate positive impact on results, adding $5.4 million to the quarter’s Adjusted EBITDA,” said Fritz Henderson, Chairman, President and Chief Executive Officer of SunCoke Energy Partners, L.P. “We are excited about Convent’s expected contribution to our existing Coal Logistics business and are increasing 2015 Adjusted EBITDA attributable to SunCoke Energy Partners guidance to $185 million to $190 million as a result of this and the Granite City dropdown transaction.”

Henderson continued, “The strength and stability of our cash flows, underpinned by solid operating results and the security of our long-term take-or-pay contracts, has supported our ability to increase cash distributions per unit for ten consecutive quarters. Looking ahead, we expect the Convent and Granite City transactions will drive incremental cash flow, which we intend to deploy on accretive opportunities to drive unitholder value.”

THIRD QUARTER RESULTS

	Three Months Ended September 30,
(Dollars in millions)	2015		2014		Decrease
Revenues(1)	$	210.2	$	216.8	$	(6.6	)
Operating income(1)	$	33.7	$	38.8	$	(5.1	)
Adjusted EBITDA (1)(2)	$	51.8	$	52.5	$	(0.7	)
Net income attributable to SXCP(3)	$	19.5	$	20.2	$	(0.7	)

(1) Includes 100 percent of Granite City in third quarter 2015 and 2014.

(2) See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

(3) Net income attributable to SXCP includes the impacts of SXCP’s 75 percent ownership interest in Granite City from July 1, 2015 through August 11, 2015 and SXCP’s 98 percent ownership interest in Granite City from August 12, 2015 through September 30, 2015, respectively.

Revenues were $210.2 million in third quarter 2015, a decline of $6.6 million from the same prior year period primarily due to the pass-through of lower coal costs in our Domestic Coke segment, partially offset by revenue generated by our new Convent Marine Terminal.

Operating income and Adjusted EBITDA decreased $5.1 million and $0.7 million, respectively. The impact on Adjusted EBITDA of our customer’s decision to idle its Haverhill Chemicals LLC facility was mostly offset by the acquisition of Convent Marine Terminal. Operating income also reflects higher depreciation and amortization, primarily related to Convent Marine Terminal.

THIRD QUARTER SEGMENT INFORMATION

Domestic Coke

Domestic Coke segment consists of our 98 percent interest in the Haverhill, Middletown and Granite City cokemaking facilities, located in Franklin Furnace and Middletown, Ohio; and Granite City, Illinois, respectively.

Domestic Coke Results	Three Months Ended September 30,
(Dollars in millions)	2015		2014		Decrease
Revenues	$	192.4	$	204.8	$	(12.4	)
Adjusted EBITDA(1)	$	46.6	$	50.2	$	(3.6	)
Sales Volume (thousands of tons)		615		616		(1	)
Adjusted EBITDA per ton(1)	$	75.77	$	81.49	$	(5.72	)

(1) See definitions of Adjusted EBITDA and Adjusted EBITDA per ton and reconciliation elsewhere in this release.

Adjusted EBITDA declined $3.6 million to $46.6 million in third quarter 2015 primarily driven by the impact of idling of the Haverhill Chemicals LLC facility, with whom we have a steam supply agreement.

Coal Logistics

Coal Logistics consists of the coal handling and blending services operated by SXCP at Convent Marine Terminal located on the Mississippi river in Louisiana, Lake Terminal in East Chicago, IN, and Kanawha River Terminals, LLC (KRT), which has terminals along the Ohio, Big Sandy and Kanawha rivers in West Virginia and Kentucky.

Coal Logistics Results	Three Months Ended September 30,
(Dollars in millions)	2015		2014		Increase
Revenues	$	17.8	$	12.0	$	5.8
Adjusted EBITDA(1)	$	10.4	$	3.8	$	6.6
Tons handled (thousands of tons)		5,149		4,772		377
Adjusted EBITDA per ton(1)	$	2.02	$	0.80	$	1.22

(1) See definitions of Adjusted EBITDA and Adjusted EBITDA per ton and reconciliation elsewhere in this release.

Adjusted EBITDA was up $6.6 million, driven by the $5.4 million contribution of our recently acquired Convent Marine Terminal facility. Convent Marine Terminal handled 817 thousand tons during the period.

Corporate and Other

Corporate and other costs increased to $5.2 million, primarily reflecting acquisition and business development costs.

Interest Expense, net

Interest expense, net, increased $5.6 million to $12.4 million in third quarter 2015, primarily related to interest incurred on higher debt balances associated with the Granite City dropdown transactions and the Convent Marine Terminal acquisition.

RELATED COMMUNICATIONS

We will host an investor conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) today. This conference call will be webcast live and archived for replay under the Featured Financials section of www.suncoke.com. Investors may participate on this call by dialing 1-800-446-1671 in the U.S. or 1-847-413-3362 if outside the U.S., confirmation code 40761283.

UPCOMING EVENTS

Additionally, we plan to to participate in the following events:

• SunCoke Energy Investor Day, December 17, 2015, New York City, NY

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.

DEFINITIONS

• Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization adjusted for sales discounts, and Coal Logistics deferred revenue. Prior to the expiration of our nonconventional fuel tax credits in 2013, Adjusted EBITDA included an add-back of sales discounts related to the sharing of these credits with our customers. Any adjustments to these amounts subsequent to 2013 have been included in Adjusted EBITDA. The Coal Logistics deferred revenue represents cash received on Coal Logistics take-or-pay contracts for which revenue has not yet been recognized under US GAAP. Including Coal Logistics deferred revenue in Adjusted EBITDA reflects the cash flow of our contractual arrangements. Adjusted EBITDA does not represent and should not be considered an alternative to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure of the operating performance and liquidity of the Partnership’s net assets and its ability to incur and service debt, fund capital expenditures and make distributions. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance and liquidity. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP.

• Adjusted EBITDA attributable to SXCP represents Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.

• Distributable Cash Flow equals Adjusted EBITDA less net cash paid for interest expense, ongoing capital expenditures, accruals for replacement capital expenditures and cash distributions to noncontrolling interests; plus amounts received under the Omnibus Agreement and acquisition expenses deemed to be Expansion Capital under our Partnership Agreement. Distributable Cash Flow is a non-GAAP supplemental financial measure that management and external users of SXCP’s financial statements, such as industry analysts, investors, lenders and rating agencies use to assess:

• SXCP’s operating performance as compared to other publicly traded partnerships, without regard to historical cost basis;

• the ability of SXCP’s assets to generate sufficient cash flow to make distributions to SXCP’s unitholders;

• SXCP’s ability to incur and service debt and fund capital expenditures; and

• the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that Distributable Cash Flow provides useful information to investors in assessing SXCP’s financial condition and results of operations. Distributable Cash Flow should not be considered an alternative to net income, operating income, cash flows from operating activities, or any other measure of financial performance or liquidity presented in accordance with GAAP. Distributable Cash Flow has important limitations as an analytical tool because it excludes some, but not all, items that affect net income and net cash provided by operating activities and used in investing activities. Additionally, because Distributable Cash Flow may be defined differently by other companies in the industry, our definition of Distributable Cash Flow may not be comparable to similarly titled measures of other companies, thereby diminishing its utility.

• Ongoing capital expenditures (“capex”) are capital expenditures made to maintain the existing operating capacity of our assets and/or to extend their useful lives. Ongoing capex also includes new equipment that improves the efficiency, reliability or effectiveness of existing assets. Ongoing capex does not include normal repairs and maintenance, which are expensed as incurred, or significant capital expenditures. For purposes of calculating distributable cash flow, the portion of ongoing capex attributable to SXCP is used and includes capital expenditures included in working capital at the end of the period.

• Replacement capital expenditures (“capex”) represents an annual accrual necessary to fund SXCP’s share of the estimated costs to replace or rebuild our facilities at the end of their working lives. This

accrual is estimated based on the average quarterly anticipated replacement capital that we expect to incur over the long term to replace our major capital assets at the end of their working lives. The replacement capex accrual estimate will be subject to review and prospective change by SXCP’s general partner at least annually and whenever an event occurs that causes a material adjustment of replacement capex, provided such change is approved by our conflicts committee.

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.

BASIS OF PRESENTATION

On January 13, 2015, we acquired a 75 percent interest in the Granite City cokemaking operation from SXC. Because this was a transfer between entities under common control, all historical financial results of Granite City prior to the dropdown have been included in our financial results. On August 12, 2015, we acquired an additional 23 percent interest in the Granite City cokemaking facility. Net income attributable to SunCoke Energy Partners, L.P./Predecessor includes 100 percent of Granite City net income prior to dropdown, 75 percent after the January dropdown and 98 percent after dropdown in August. Net income attributable to Predecessor includes 100% of Granite City net income prior to the dropdown on January 13, 2015.

SunCoke Energy Partners, L.P.

Combined and Consolidated Statements of Income

(Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015			2014
	(Dollars and units in millions)
Revenues
Sales and other operating revenue	$	210.2	$	216.8	$	621.1		$	649.1
Costs and operating expenses
Cost of products sold and operating expenses		149.7		157.6		452.7			485.3
Selling, general and administrative expenses		9.8		6.7		24.7			20.8
Depreciation and amortization expense		17.0		13.7		47.0			40.3
Total costs and operating expenses		176.5		178.0		524.4			546.4
Operating income		33.7		38.8		96.7			102.7
Interest expense, net		12.4		6.8		43.8			30.1
Income before income tax expense		21.3		32.0		52.9			72.6
Income tax expense (benefit)		0.5		4.9		(2.4	)		9.0
Net income		20.8		27.1		55.3			63.6
Less: Net income attributable to noncontrolling interests		1.3		0.6		5.6			15.1
Net income attributable to SunCoke Energy Partners, L.P./Predecessor	$	19.5	$	26.5	$	49.7		$	48.5
Less: Net income attributable to Predecessor		—		6.3		0.6			13.9
Net income attributable to SunCoke Energy Partners, L.P.	$	19.5	$	20.2	$	49.1		$	34.6

SunCoke Energy Partners, L.P.

Combined and Consolidated Balance Sheets

	September 30, 2015		December 31, 2014
	(Unaudited)
	(Dollars in millions)
Assets
Cash and cash equivalents	$	61.3	$	33.3
Receivables		59.7		36.3
Receivables from affiliates, net		1.9		3.1
Inventories		75.4		90.4
Other current assets		2.9		1.5
Total current assets		201.2		164.6
Properties, plants and equipment, net		1,331.3		1,213.4
Goodwill		69.1		8.2
Other intangible assets, net		190.2		6.9
Deferred income taxes		—		21.6
Restricted cash		21.5		—
Deferred charges and other assets		1.1		2.3
Total assets	$	1,814.4	$	1,417.0
Liabilities and Equity
Accounts payable	$	51.1	$	61.1
Accrued liabilities		20.0		11.2
Short-term debt		1.1		—
Interest payable		8.3		12.3
Total current liabilities		80.5		84.6
Long-term debt		939.8		399.0
Deferred income taxes		38.1		—
Asset retirement obligations		5.6		5.3
Other deferred credits and liabilities		9.1		1.4
Total liabilities		1,073.1		490.3
Equity
Held by public:
Common units (issued 21,006,495 and 16,789,164 units at September 30, 2015 and December 31, 2014, respectively)		300.4		239.1
Held by parent:
Common units (issued 9,705,999 and 4,904,752 units at September 30, 2015 and December 31, 2014, respectively)		209.9		113.8
Subordinated units (issued 15,709,697 units at September 30, 2015 and December 31, 2014, respectively)		201.5		203.7
General partner interest		13.6		9.2
Parent net equity		—		349.8
Partners’ capital attributable to SunCoke Energy Partners, L.P.		725.4		915.6
Noncontrolling interest		15.9		11.1
Total equity		741.3		926.7
Total liabilities and partners’ net equity	$	1,814.4	$	1,417.0

SunCoke Energy Partners, L.P.

Combined and Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended September 30,
	2015			2014
	(Dollars in millions)
Cash Flows from Operating Activities:
Net income	$	55.3		$	63.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense		47.0			40.3
Deferred income tax (benefit) expense		(3.1	)		9.0
Loss on debt extinguishment		9.4			15.4
Changes in working capital pertaining to operating activities:
Receivables		(28.0	)		(6.0	)
Receivables from affiliate, net		2.8			5.6
Inventories		16.7			(15.0	)
Accounts payable		(4.1	)		(12.8	)
Accrued liabilities		1.4			(12.7	)
Interest payable		(8.7	)		0.3
Other		(0.5	)		(1.1	)
Net cash provided by operating activities		88.2			86.6
Cash Flows from Investing Activities:
Capital expenditures		(31.7	)		(57.0	)
Acquisition of business		(214.6	)		—
Net cash used in investing activities		(246.3	)		(57.0	)
Cash Flows from Financing Activities:
Proceeds from issuance of common units of SunCoke Energy Partners, L.P., net of offering costs		30.0			90.5
Proceeds from issuance of long-term debt		210.8			268.1
Repayment of long-term debt, including market premium		(149.8	)		(276.3	)
Debt issuance costs		(4.5	)		(5.8	)
Proceeds from revolving credit facility		185.0			40.0
Repayment of revolving facility		—			(80.0	)
Distributions to unitholders (public and parent)		(75.0	)		(54.2	)
Distributions to noncontrolling interest (SunCoke Energy, Inc.)		(2.7	)		(20.4	)
Common public unit repurchases		(10.0	)		—
Capital contributions from SunCoke Energy Partners GP LLC		2.3			0.3
Net transfers to parent		—			(11.2	)
Net cash provided by (used in) financing activities		186.1			(49.0	)
Net increase in cash and cash equivalents		28.0			(19.4	)
Cash and cash equivalents at beginning of period		33.3			46.3
Cash and cash equivalents at end of period	$	61.3		$	26.9

SunCoke Energy Partners, L.P.

Segment Operating Data

The following tables set forth financial and operating data for the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(Dollars in millions)
Sales and other operating revenues:
Domestic Coke	$	192.4		$	204.8		$	581.1		$	611.7
Coal Logistics		17.8			12.0			40.0			37.4
Coal Logistics intersegment sales		1.7			1.6			5.0			4.3
Elimination of intersegment sales		(1.7	)		(1.6	)		(5.0	)		(4.3	)
Total	$	210.2		$	216.8		$	621.1		$	649.1
Adjusted EBITDA(1):
Domestic Coke	$	46.6		$	50.2		$	137.3		$	137.3
Coal Logistics		10.4			3.8			18.0			10.9
Corporate and Other		(5.2	)		(1.5	)		(10.5	)		(5.7	)
Total	$	51.8		$	52.5		$	144.8		$	142.5
Coke Operating Data:
Domestic Coke capacity utilization (%)		107			109			106			105
Domestic Coke production volumes (thousands of tons)		619			629			1,828			1,807
Domestic Coke sales volumes (thousands of tons)		615			616			1,826			1,795
Domestic Coke Adjusted EBITDA per ton(2)	$	75.77		$	81.49		$	75.19		$	76.49
Coal Logistics Operating Data:
Tons handled (thousands of tons)		5,149			4,772			13,309			14,736
Coal Logistics Adjusted EBITDA per ton handled(3)	$	2.02		$	0.80		$	1.35		$	0.74

(1) See definition of Adjusted EBITDA and reconciliation elsewhere in this release.

(2) Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.

(3) Reflects Coal Logistics Adjusted EBITDA, inclusive of take-or-pay deferred revenue, divided by Coal Logistics tons handled.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Adjusted EBITDA to Net Income and Net Cash Provided by Operating Activities

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(Dollars in millions)
Adjusted EBITDA attributable to SunCoke Energy Partners, L.P.	$	49.9		$	37.6		$	135.8		$	92.0
Add: Adjusted EBITDA attributable to Predecessor(1)		—			14.2			1.5			31.6
Add: Adjusted EBITDA attributable to noncontrolling interest(2)		1.9			0.7			7.5			18.9
Adjusted EBITDA	$	51.8		$	52.5		$	144.8		$	142.5
Subtract:
Depreciation and amortization expense		17.0			13.7			47.0			40.3
Interest expense, net		12.4			6.8			43.8			30.1
Income tax expense (benefit)		0.5			4.9			(2.4	)		9.0
Sales discounts provided to customers due to sharing of nonconventional fuel tax credits(3)		—			—			—			(0.5	)
Coal Logistics deferred revenue(4)		1.1			—			1.1			—
Net income	$	20.8		$	27.1		$	55.3		$	63.6
Add:
Depreciation and amortization expense		17.0			13.7			47.0			40.3
Loss on extinguishment of debt		—			—			9.4			15.4
Changes in working capital and other		(22.1	)		(6.3	)		(23.5	)		(32.7	)
Net cash provided by operating activities	$	15.7		$	34.5		$	88.2		$	86.6

(1) Reflects Granite City Adjusted EBITDA prior to the January 13, 2015 dropdown transaction.

(2) Reflects net income attributable to noncontrolling interest adjusted for noncontrolling interest share of interest, taxes, income and depreciation.

(3) Sales discounts are related to nonconventional fuel tax credits, which expired in 2013. At December 31, 2013, we had $13.6 million accrued related to sales discounts to be paid to our Granite City customer. During first quarter of 2014, we settled this obligation for $13.1 million which resulted in a gain of $0.5 million. This gain is recorded in sales and other operating revenue on our Combined and Consolidated Statement of Operations.

(4) Coal Logistics deferred revenue represents revenue excluded from sales and other operating income related to the timing of revenue recognition on the Coal Logistics take-or-pay contracts.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Estimated 2015 Consolidated Adjusted EBITDA to Estimated Net Income

and Net Cash Provided by Operating Activities

	2015
	Low			High
Adjusted EBITDA attributable to SunCoke Energy Partners, L.P.	$	185		$	190
Add: Adjusted EBITDA attributable to noncontrolling interest(1)		10			10
Adjusted EBITDA	$	195		$	200
Subtract:
Depreciation and amortization expense		65			65
Interest expense, net		59			59
Income tax expense (benefit)		(2	)		(2	)
Coal Logistics deferred revenue(2)		(3	)		(3	)
Net income	$	76		$	81
Add:
Depreciation and amortization expense		65			65
Loss on extinguishment of debt		9			9
Changes in working capital and other		(5	)		—
Coal Logistics deferred revenue(2)		(3	)		(3	)
Income tax expense		(2	)		(2	)
Net cash provided by operating activities	$	140		$	150

(1) Reflects net income attributable to noncontrolling interest adjusted for noncontrolling interest share of interest, taxes, income and depreciation.

(2) Coal Logistics deferred revenue represents revenue excluded from sales and other operating income related to the timing of revenue recognition on the Coal Logistics take-or-pay contracts, and reflects take-or-pay volume during the pre-acquisition period which, for U.S. GAAP purposes, is recognized as earnings at year-end.

SunCoke Energy Partners, L.P.

Reconciliations of Non-GAAP Information

Reconciliation of Adjusted EBITDA and

Distributable Cash Flow to Net Income

	Three Months Ended September 30, 2015
	(As Reported)
	(Dollars in millions)
Net cash provided by operating activities	$	15.7
Less:
Depreciation and amortization expense		17.0
Changes in working capital and other		(22.1	)
Net income	$	20.8
Add:
Depreciation and amortization expense		17.0
Interest expense, net		12.4
Income tax expense		0.5
Coal Logistics deferred revenue (1)		1.1
Adjusted EBITDA	$	51.8
Less:
Adjusted EBITDA attributable to noncontrolling interest		1.9
Adjusted EBITDA attributable to SXCP	$	49.9
Less:
Ongoing capex		2.9
Replacement capex accrual		1.8
Cash interest accrual		13.0
Cash tax accrual		0.4
Distributable cash flow	$	31.8
Quarterly Cash Distribution	$	29.6
Distribution Coverage Ratio(2)		1.07

(1) Coal Logistics deferred revenue represents revenue excluded from sales and other operating income related to the timing of revenue recognition on the Coal Logistics take-or-pay contracts.

(2) Distribution coverage ratio is distributable cash flow divided by cash distributions to the limited and general partners.

EX-99.2

Exhibit 99.2

SXCPTM SXCPartners
SunCoke Energy Partners, L.P.
Q3 2015 Earnings
Conference Call
October 12, 2015

Forward-Looking Statements SXCPTM
This slide presentation should be reviewed in conjunction with the Third Quarter 2015 earnings release of SunCoke Energy Partners, L.P. (SXCP) and conference call held on October 12, 2015 at 8:00 a.m. ET.
Some of the information included in this presentation constitutes “forward-looking statements.” All statements in this presentation that express opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to anticipated future performance of SunCoke Energy, Inc. (SXC) or SXCP, in contrast with statements of historical facts, are forward-looking statements. Such forward-looking statements are based on management’s beliefs and assumptions and on information currently available. Forward-looking statements include information concerning possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions.
Although management believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements made in this presentation are reasonable, no assurance can be given that these plans, intentions or expectations will be achieved when anticipated or at all. Moreover, such statements are subject to a number of assumptions, risks and uncertainties. Many of these risks are beyond the control of SXC and SXCP, and may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Each of SXC and 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. For more information concerning these factors, see the Securities and Exchange Commission filings of SXC and SXCP. All forward-looking statements included in this presentation are expressly qualified in their entirety by such cautionary statements. Although forward-looking statements are based on current beliefs and expectations, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date hereof. SXC and SXCP do not have any intention or obligation to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events or after the date of this presentation, except as required by applicable law.
This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix.
SXCP Q3 2015 Earnings Call

Management Perspective SXCPTM
Completed successful Convent Marine Terminal integration; Strong Coal Logistics platform delivered solid Q3 results
Increased FY 2015E Adj. EBITDA and Distributable Cash Flow guidance(1) to reflect benefit of recent acquisitions
Delivered DCF per LP unit accretion of ~$0.02 via $10 million of unit repurchases during Q3, and declared 10th consecutive distribution of $0.5940 per unit
Evaluating value creating opportunities for deploying cash, including unit repurchases, debt repayment and M&A
Cokemaking value proposition positions SXCP as preferred supplier of coke from cost, quality and logistics perspective
(1) For a definition and reconciliation of Adjusted EBITDA and Distributable Cash Flow, please see appendix.
SXCP Q3 2015 Earnings Call

Q3 ‘15 Overview SXCPTM
Adjusted EBITDA(1,2) & Net Income(2)
($ in millions)
Adj. EBITDA Net Income
$52.5 $51.8 $27.1
$1.9 $14.2
$6.3
$20.8
$0.7
$0.6
$1.3
$49.9
$37.6
$20.2
$19.5
Q3 ‘14 Q3 ‘15
Q3 ‘14 Q3 ‘15
Attrib. to SXCP Attrib. to NCI Attrib. to Predecessor
Distributable Cash Flow & Coverage Ratio
($ in millions, except coverage ratio)
Distributable Cash Flow (DCF)
Distribution Cash Coverage Ratio
$93.9 1.36x 1.19x 1.21x
$60.7 1.02x $40.3 $24.4
Q3 ‘14 Q3 ‘15 (3)
YTD ‘14 YTD ‘15(3) Q3 ‘14
Q3 ‘15 (3)
YTD ‘14 YTD ‘15 (3)
Adjusted EBITDA flat
Benefit from Convent acquisition
Offset by deal costs and impact of Haverhill Chemicals
Adj. EBITDA attributable to SXCP up
$12.3M reflecting recent transactions
Net Income down $6.3M due primarily to higher interest expense
Proforma Q3 ‘15 DCF of $40.3M(3); YTD coverage ratio of 1.21x(3)
(1) For a definition and reconciliation of Adjusted EBITDA and Distributable Cash Flow, please see appendix.
(2) Historical periods have been recast to include Granite City operations (predecessor). For basis of presentation details, please see appendix.
(3) Represents Proforma results. For a definition and reconciliation of Proforma Distributable Cash Flow and Distribution Cash Coverage Ratio, please see appendix.
SXCP Q3 2015 Earnings Call

Convent Marine Terminal Highlights SXCPTM
Successfully integrated CMT into Coal Logistics platform
Delivered solid Q3 2015 results, generating $5.4M of Adjusted EBITDA
0.8M transloaded tons and 0.2M accrued tons
On track to contribute approximately $20M to FY 2015E Adjusted EBITDA
Expect Convent Marine Terminal will contribute approximately $60M of Adj. EBITDA on an annualized basis
SXCP Q3 2015 Earnings Call

Liquidity Position SXCPTM
Prudently managing liquidity in light of customers’ ongoing labor negotiations
Q3 Revolver
availability: $65M
$17.0 ($22.1)
$20.8
($15.5)
($10.0)
$2.4
($18.1M) – Payment received Oct. 1
($30.2)
$98.9 ($12.2M) – Environmental
($3.3M) – Ongoing
$61.3
($16.7M) – SXC(1)
($12.3M) – Public unitholders
($1.2M) – Non-controlling interests
Q2 2015 Cash Balance
Net Income
D&A
Working Capital / Other
Capex
Unit Repurchases
M&A Transaction, net (2)
Distributions
Q3 2015 Cash Balance
Drew $185 million on revolving credit facility to close CMT acquisition
No near-term need to term-out revolver borrowings
Assumed ~$45M of SXC’s senior notes as part of Granite City dropdown
Plan to redeem in Q4
(1) Includes $14.9M for LP distributions, $1.1M for IDR payment and $0.7M for distributions to SXC for its 2% General Partner interest in our cokemaking facilities.
(2) Reflects $185.0M of proceeds from drawing on the revolver and $32.3M for proceeds from unit issuance to SXC ($30.0M LP and $2.3M for its 2% GP true-up), partially offset by $193.1M cash used to fund Convent Marine Terminal acquisition, $21.5M of pre-funded capex and $0.3M of debt payments.
SXCP Q3 2015 Earnings Call

Capital Priorities SXCPTM
Capital allocation strategy balances future cash distribution growth with attractiveness of unit repurchases, debt repayment and M&A
SXCP Distribution Growth
10th consecutive quarterly increase
+44%
$0.4125 MQD(1)
$0.3071
$0.4225
$0.4325
$0.4750
$0.5000
$0.5150
$0.5275
$0.5408
$0.5715
$0.5825
$0.5940
$0.6055
May ‘13 (2)
Aug ‘13
Nov ‘13
Feb ‘14
May ‘14
Aug ‘14
Nov ‘14
Feb ‘15
May ‘15
Aug ‘15
Nov ‘15
Feb ‘16E
(1) MQD – Minimum quarterly distribution.
(2) Actual distribution pro-rated to reflect timing of SXCP IPO.
Declared 10th consecutive quarterly distribution of $0.5940, in-line with Q4 guidance of $2.42 annualized
Substantial capacity to grow further; CMT expected to generate $0.17 to $0.22 DCF per LP unit accretion in ‘16E
Executed $10M of highly accretive unit repurchases
Intend to opportunistically execute against remaining $40M authorization, subject to prudent liquidity mgmt.
Accelerated Q3 earnings to resume unit repurchases
Given market dislocation, prioritizing accretive alternatives relative to further distribution increases to build coverage and use cash to:
Repurchase units
Repay debt
Fund M&A (e.g., greenfield, JV opportunities, etc.)
SXCP Q3 2015 Earnings Call

2015 Adj. EBITDA Guidance SXCPTM
Solid operating results and M&A driving guidance improvement
($ in millions)
$185 – $190
$169 – $ 179
~$20
(~$9)
$4
Granite City dropdown
($6.0M) – Haverhill Chemicals
($2.6M) – M&A costs
Original FY 2015E Adj. EBITDA Attrib. to SXCP Guidance (excl. CMT)
Items not in Original Guidance
Non-Controlling Interest
Convent Marine Terminal
Revised FY 2015E Adj. to SXCP Guidance
SXCP Q3 2015 Earnings Call

2015 Outlook SXCPTM
Increased 2015 outlook reflects benefits of
Convent Marine Terminal and Granite City transactions
Original 2015 Outlook(1)
Revised 2015 Outlook
As Reported
Pro-Forma(2)
($ in millions, except per unit data)
Low High Low High Low High
Adjusted EBITDA attributable to SXCP
$169 $179 $185 $190 $197 $202
Less:
Ongoing capex (SXCP share)
$17 $16 $19 $18 $20 $19
Replacement capex accrual
7 7 7 7 7 7
Cash tax accrual(3)
1 1 1 1 1 1
Cash interest accrual
42 42 48 48 50 50
Estimated Distributable Cash Flow
$102 $113 $110 $116 $119 $125
Estimated Distributions
$99 $99 $113 $113 $109 $109
Total distribution cash coverage ratio(4)
1.04x 1.14x 0.97x 1.03x 1.09x 1.15x
Coke Operating Performance (100% basis)
Coke Sales Tons (thousands)
2,410 2,460 2,410 2,460
Coal Logistics Operating Performance
Coal Tons Handled (thousands)
17,600 20,600 18,800 20,600
(1) Excludes expected benefits of Convent Marine Terminal acquisition and Granite City 23% dropdown.
(2) Proforma assumes dropdown of 75% in Granite City occurred January 1, 2015. For Q2, assumes distributions were not paid to units issued in conjunction with the Convent Marine Terminal acquisition and dropdown of 23% in Granite City closed August 12, 2015. For Q3, assumes the Convent Marine Terminal transaction and dropdown of 23% in Granite City were completed on July 1, 2015 and Convent contributes pro-rata, annualized EBITDA.
(3) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to income taxes for federal and state purposes at the corporate level.
(4) Total distribution cash coverage ratio is estimated distributable cash flow divided by total estimated distributions.
SXCP Q3 2015 Earnings Call

Cokemaking Value Proposition SXCPTM
SunCoke is advantaged supplier of coke from a
cost, quality and logistics perspective
Logistically advantaged to serve customer BF assets via conveyor, rail or truck
Flexibility to supply multiple customer facilities
Logistics Advantage
Long-term, Take-or-Pay contracts Customers required to take all the coke we produce up to contract maximum Key pass-through provisions substantially limit commodity risk
Low capex requirements
Stable, reliable operations
Significantly Newer Asset Base
SunCoke Energy Cokemaking Value Proposition
Economic Coke Supply
Low-cost source of coke
Provide attractive alternative to capital intensive, vertically-integrated coke batteries
Heat-recovery technology set by EPA as MACT(1) standards
Heat-recovery ovens do not produce by-product chemicals
Advantaged Environmental Signature
Leading Technology
Capture excess heat for steam or electrical power generation
Constructed only US greenfield cokemaking facilities in last 25 years
(1) Maximum Achievable Control Technology (“MACT”)
SXCP Q3 2015 Earnings Call

Concluding Remarks SXCPTM
Positioned with Unique Cokemaking Value Proposition
Strong cokemaking value proposition positions SunCoke as preferred supplier of coke
Growing Distributable Cash Flow Base
Recent transactions support growth in underlying DCF
Executing Disciplined Capital Allocation Strategy
Balanced approach to returning cash to unitholders
SXCP Q3 2015 Earnings Call

QUESTIONS
SXCPTM
SXCPartners
SXCP Q3 2015 Earnings Call

SXCPTM
SXCPartners
Investor Relations
630-824-1987
www.sxcpartners.com

APPENDIX
SXCPTM
SXCPartners
SXCP Q3 2015 Earnings Call

Basis of Presentation & Definitions SXCPTM
BASIS OF PRESENTATION
On January 13, 2015, we acquired a 75 percent interest in the Granite City cokemaking operation from SXC. Because this was a transfer between entities under common control, all historical financial results of Granite City prior to the dropdown have been included in our financial results. On August 12, 2015, we acquired an additional 23 percent interest in the Granite City cokemaking facility. Net income attributable to SunCoke Energy Partners, L.P./Predecessor includes 100 percent of Granite City net income prior to dropdown, 75 percent after the January dropdown and 98 percent after dropdown in August. Net income attributable to Predecessor includes 100% of Granite City net income prior to the dropdown on January 13, 2015.
DEFINITIONS
Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization adjusted for sales discounts, and Coal Logistics deferred revenue. Prior to the expiration of our nonconventional fuel tax credits in 2013, Adjusted EBITDA included an add-back of sales discounts related to the sharing of these credits with our customers. Any adjustments to these amounts subsequent to 2013 have been included in Adjusted EBITDA. The Coal Logistics deferred revenue represents cash received on Coal Logistics take-or-pay contracts for which revenue has not yet been recognized under US GAAP. Including Coal Logistics deferred revenue in Adjusted EBITDA reflects the cash flow of our contractual arrangements. Adjusted EBITDA does not represent and should not be considered an alternative to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure of the operating performance and liquidity of the Partnership’s net assets and its ability to incur and service debt, fund capital expenditures and make distributions. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance and liquidity. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered an alternative to net income, operating cash flow or any other measure of financial performance presented in accordance with GAAP.
EBITDA represents earnings before interest, taxes, depreciation and amortization.
Adjusted EBITDA attributable to SXC/SXCP represents Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.
Adjusted EBITDA/Ton represents Adjusted EBITDA divided by tons sold/handled.
SXCP Q3 2015 Earnings Call

Basis of Presentation & Definitions SXCPTM
Distributable Cash Flow represents Adjusted EBITDA less net cash paid for interest expense, ongoing capital expenditures, accruals for replacement capital expenditures and cash distributions to noncontrolling interests; plus amounts received under the Omnibus Agreement and acquisition expenses deemed to be Expansion Capital under our Partnership Agreement. Distributable Cash Flow is a non-GAAP supplemental financial measure that management and external users of SXCP financial statements, such as industry analysts, investors, lenders and rating agencies use to assess:
SXCP’s operating performance as compared to other publicly traded partnerships, without regard to historical cost basis; the ability of SXCP’s assets to generate sufficient cash flow to make distributions to SXCP’s unitholders; SXCP’s ability to incur and service debt and fund capital expenditures; and the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
We believe that Distributable Cash Flow provides useful information to investors in assessing SXCP’s financial condition and results of operations. Distributable Cash Flow should not be considered an alternative to net income, operating income, cash flows from operating activities, or any other measure of financial performance or liquidity presented in accordance with GAAP. Distributable Cash Flow has important limitations as an analytical tool because it excludes some, but not all, items that affect net income and net cash provided by operating activities and used in investing activities. Additionally, because Distributable Cash Flow may be defined differently by other companies in the industry, our definition of Distributable Cash Flow may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.
Ongoing capital expenditures (“capex”) are capital expenditures made to maintain the existing operating capacity of our assets and/or to extend their useful lives. Ongoing capex also includes new equipment that improves the efficiency, reliability or effectiveness of existing assets.
Ongoing capex does not include normal repairs and maintenance, which are expensed as incurred, or significant capital expenditures. For purposes of calculating distributable cash flow, the portion of ongoing capex attributable to SXCP is used and includes capital expenditures included in working capital at the end of the period.
Replacement capital expenditures (“capex”) represents an annual accrual necessary to fund SXCP’s share of the estimated costs to replace or rebuild our facilities at the end of their working lives. This accrual is estimated based on the average quarterly anticipated replacement capital that we expect to incur over the long term to replace our major capital assets at the end of their working lives. The replacement capex accrual estimate will be subject to review and prospective change by SXCP’s general partner at least annually and whenever an event occurs that causes a material adjustment of replacement capex, provided such change is approved by our conflicts committee.
SXCP Q3 2015 Earnings Call

Adjusted EBITDA and Distributable Cash
Flow Reconciliations SXCPTM
($ in millions) As Reported Q1 ‘14 As Reported Q2 ‘14 As Reported Q3 ‘14 As Reported Q4 ‘14 As Reported FY ‘14 As Reported Q1 ‘15 As Reported Q2 ‘15 As Reported Q3 ‘15 Proforma Q1 ‘15(1,2) Proforma Q2 ‘15(1,3) Proforma Q3 ‘15(1,4)
Net cash provided by operating activities $ 7.0 $ 45.1 $ 34.5 $ 39.9 $ 126.5 $ 29.7 $ 42.8 $ 15.7 $ 29.7 $ 42.8 $ 24.1
Depreciation and amortization expense (13.0) (13.6) (13.7) (14.0) (54.3) (14.6) (15.4) (17.0) (14.6) (15.4) (18.5)
Changes in working capital and other 31.7 (5.3) 6.3 (2.0) 30.7 10.7 (9.3) 22.1 1.3 (9.3) 22.0
Loss on debt extinguishment - (15.4) - - (15.4) (9.4) - - - - -
Net income $ 25.7 $ 10.8 $ 27.1 $ 23.9 $ 87.5 $ 16.4 $ 18.1 $ 20.8 $ 16.4 $ 18.1 $ 27.6
Add:
Depreciation and amortization expense 13.0 13.6 13.7 14.0 54.3 14.6 15.4 17.0 14.6 15.4 18.5
Interest expense, net 2.9 20.4 6.8 7.0 37.1 20.6 10.8 12.4 20.6 10.8 13.7
Income tax expense/(benefit) 0.6 3.5 4.9 1.5 10.5 (3.3) 0.4 0.5 (3.3) 0.4 0.5
Sales discounts (0.5) - - (0.5) - - - - - -
Coal Logistics deferred revenue - - - - - - - 1.1 - - 1.1
Adjusted EBITDA $41.7 $48.3 $52.5 $46.4 $188.9 $48.3 $44.7 $51.8 $48.3 $44.7 $61.4
Adjusted EBITDA attributable to NCI (12.4) (5.8) (0.7) (0.8) (19.7) (3.0) (2.6) (1.9) (3.4) (2.6) (0.9)
Adjusted EBITDA attributable to Predecessor (5.7) (11.7) (14.2) (6.7) (38.3) (1.5) - - - - -
Adjusted EBITDA attributable to SXCP $23.6 $30.8 $37.6 $38.9 $130.9 $43.8 $42.1 $49.9 $44.9 $42.1 $60.5
Less:
Ongoing capex (SXCP share) (2.7) (4.7) (4.6) (3.2) (15.2) (2.7) (5.8) (2.9) (2.7) (5.8) (3.7)
Replacement capex accrual (0.9) (1.2) (1.4) (1.4) (4.9) (1.7) (1.8) (1.8) (1.8) (1.8) (1.8)
Cash interest accrual (3.1) (5.5) (7.2) (7.1) (22.9) (10.0) (10.6) (13.0) (10.5) (10.6) (14.3)
Cash tax accrual - - - - (0.1) (0.1) (0.4) (0.1) (0.1) (0.4)
Distributable cash flow $16.9 $19.4 $24.4 $27.2 $87.9 $29.3 $23.8 $31.8 $29.8 $23.8 $40.3
Quarterly Cash Distribution 19.2 19.8 20.5 22.2 81.7 23.8 29.0 29.6 23.8 24.2 29.6
Distribution Cash Coverge Ratio(5) 0.88x 0.98x 1.19x 1.23x 1.08x 1.23x 0.82x 1.07x 1.25x 0.98x 1.36x
Note: Historical periods have been recast to include Granite City operations (predecessor), which are subsequently adjusted out when calculating distributable cash flow. Please see Basis of Presentation for further details.
(1) Proforma adjustments made for changes in EBITDA and ongoing capex attributable to the partnership, cash interest costs, replacement capital accruals, Corporate cost allocations, distribution levels and units outstanding.
(2) Proforma assumes dropdown of 75% in Granite City occurred January 1, 2015.
(3) Proforma assumes distributions were not paid to units issued in conjunction with the Convent Marine Terminal acquisition and dropdown of 23% in Granite City closed August 12, 2015. (4) Proforma assumes the Convent Marine Terminal transaction and dropdown of 23% in Granite City were completed on July 1, 2015. Assumes pro-rata, annualized EBITDA contribution from Convent Marine Terminal.
(5) Distribution cash coverage ratio is distributable cash flow divided by total estimated distributions to the limited and general partners.
SXCP Q3 2015 Earnings Call

Expected 2015E EBITDA Reconciliation SXCPTM
2015E 2015E
($ in millions) Low High
Net Cash Provided by Operating Activities $140 $150
Depreciation and amortization expense (65) (65)
Loss on debt extinguishment (9) (9)
Changes in working capital and other 5 -
Coal Logistics deferred revenue(1) 3 3
Income tax expense 2 2
Net Income $76 $81
Depreciation and amortization expense 65 65
Interest expense, net 59 59
Income tax expense (2) (2)
Coal Logistics deferred revenue(1) (3) (3)
Adjusted EBITDA $195 $200
EBITDA attributable to noncontrolling interest(2) (10) (10)
Adjusted EBITDA attributable to SXCP $185 $190
Less:
Ongoing capex (SXCP share) (19) (18)
Replacement capex accrual (7) (7)
Cash interest accrual (48) (48)
Cash tax accrual(3) (1) (1)
Distributable cash flow $110 $116
(1) Coal Logistics deferred revenue represents revenue excluded from sales and other operating income related to the timing of revenue recognition on the Coal Logistics take-or-pay contracts, and reflects take-or-pay volume during the pre-acquisition period which, for U.S. GAAP purposes, is recognized as earnings at year-end.
(2) Adjusted EBITDA attributable to noncontrolling interest represents SXC’s 2% interest in Haverhill and Middletown’s projected Adjusted EBITDA, 25% interest in Granite City ‘s projected Adjusted EBITDA for 2015E post dropdown date of January 13, 2015 through August 11, 2015, and 2% of Granite City’s projected Adjusted
EBITDA for 2015E post dropdown date of August 12, 2015.
(3) Cash tax impact from the operations of Gateway Cogeneration Company LLC, which is an entity subject to income taxes for federal and state purposes at the corporate level.
SXCP Q3 2015 Earnings Call

2015E Capital Expenditures SXCPTM
100% Basis
($ in millions) 2014 2015E(2)
Ongoing $17 $20
Environmental Remediation(1) 45 20
Expansion 0 0
Total CapEx $62 $40
Prefunded from dropdown proceeds
(1) 2015E Environmental Remediation cost at Haverhill (~$12 million) and Granite City (~$8 million). These amounts have been pre-funded from dropdown proceeds.
(2) 2015E CapEx includes ~$1M of ongoing CapEx related to Convent Marine Terminal.
SXCP Q3 2015 Earnings Call

EX-99.3

Exhibit 99.3

Investors:

Lisa Ciota: (630) 824-1907

Media:

Steve Carlson: (630) 824-1783

SUNCOKE ENERGY PARTNERS, L.P. DECLARES 10^th CONSECUTIVE CASH DISTRIBUTION INCREASE; ANNOUNCES DATE FOR THIRD QUARTER 2015 EARNINGS CALL

LISLE, Ill. (October 9, 2015) – Today, the Board of Directors for the General Partner of SunCoke Energy Partners, L.P. (NYSE: SXCP) declared an increase to its quarterly cash distribution, raising the per unit rate to $0.5940. This represents a 13 percent increase over the same prior year period and a 44 percent increase compared to SXCP’s minimum quarterly distribution. The distribution will be paid on December 1, 2015, to unitholders of record on November 13.

UPCOMING EVENTS

SXCP plans to release third quarter 2015 earnings results before the market opens on Monday, October 12, 2015, and will host an investor conference call at 8:00 am Eastern Time (7:00 am CT). This conference call will be webcast live and archived for replay on its website.

Details for the call and webcast are as follows:

SunCoke Energy Partners, L.P. (NYSE: SXCP) Q3 2015 Earnings Call

Date:	October 12, 2015
Time:	8:00 a.m. Eastern (7:00 a.m. CT)
Dial-in:	1-800-446-1671 (U.S.)
	1-847-413-3362 (International)

Confirmation Number: 40761283

Live and Archived Webcast: www.suncoke.com (in the Featured Financials section)

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.

NOTICE

This statement is intended to serve as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d) given by a publicly traded partnership for the nominee to be treated as a withholding agent. Please note that SunCoke Energy Partners, L.P.’s quarterly cash distributions are treated as partnership distributions for federal income tax purposes and that 100 percent of these distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of SunCoke Energy Partners, L.P.’s distributions to a nominee on behalf of foreign investors are subject to federal income tax withholding at the highest marginal tax rate for individuals or corporations, as applicable. Nominees, and not SunCoke Energy Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

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