SUNCOKE ENERGY PARTNERS, L.P. (NYSE:SXCP) Files An 8-K Other Events
On January20, 2017, SunCoke Energy Partners, L.P. (the
Partnership) issued the following statement in a press
release responding to the Internal Revenue Services (IRS)
decision to exclude cokemaking as a qualifying income generating
activity in its final regulations issued under section
7704(d)(1)(E) of the Internal Revenue Code relating to the
qualifying income exception for publicly traded partnerships:
We are disappointed that cokemaking was not included as an
activity that generates qualifying income and that the public
comments and testimony provided to the IRS by SunCoke and
third-party industry experts were not incorporated in the final
regulations, said Fritz Henderson, President, Chairman and CEO of
SunCoke Energy Partners, L.P. After conferring with our counsel,
Vinson Elkins LLP, we believe that income from our coke
operations will be qualifying income during the 10-year
transition period contemplated by the final regulations.
The Partnership is evaluating its options for engaging with the
IRS to address its concerns with the scope of these qualifying
income restrictions. A copy of the press release is filed as
Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated by reference herein.
Safe Harbor Statement
Statements contained in this report, or the exhibit to this
report, that state the Partnerships or managements 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 Partnerships 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 Partnership has filed with the Securities and
Exchange Commission (SEC).
|Item9.01||Financial Statements and Exhibits.|
SunCoke Energy Partners, L.P. Press Release, regarding IRS
final regulations (January 20, 2017).
About SUNCOKE ENERGY PARTNERS, L.P. (NYSE:SXCP)
SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Coal Logistics, and Corporate and Other. Its Domestic Coke segment consists of the Haverhill Coke Company LLC, Middletown Coke Company, LLC and Gateway Energy and Coke Company, LLC cokemaking and heat recovery operations in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively. The Coal Logistics segment consists of its coal handling and mixing service operations in East Chicago, Indiana; Ceredo, West Virginia; Belle, West Virginia; Catlettsburg, Kentucky, and Convent, Louisiana. The Company’s Coal Logistics business provides its services to steel, coke (including some of its domestic cokemaking facilities), electric utility and coal mining customers. SUNCOKE ENERGY PARTNERS, L.P. (NYSE:SXCP) Recent Trading Information
SUNCOKE ENERGY PARTNERS, L.P. (NYSE:SXCP) closed its last trading session down -1.05 at 18.30 with 218,625 shares trading hands.