SunCoke Energy Partners, L.P. is listed on the New York Stock Exchange under the ticker symbol SXCP.
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Unit holders are investors who hold an interest in a partnership, such as SXCP.
To buy or sell units in SunCoke Energy Partners, L.P., contact your stockbroker or financial institution.
MLPs are publicly traded partnerships that are managed and traded in a manner similar to corporations. MLP investors are referred to as unit holders, not shareholders. Generally, income from partnerships is considered to be “passed through” to unit holders and is taxed at the investor level instead of at the partnership level. As a result, MLPs do not pay income tax and are able to pass through more of their earnings to unit holders in the form of cash distributions. These cash distributions generally receive more favorable tax treatment than corporate dividends.
Investors generally find MLPs attractive investments because of their yields, the expected consistency of cash distributions and tax treatment. As a result, they tend to value MLPs highly. A substantial portion of SunCoke Energy Partners’ income qualifies for the MLP structure and is well suited for it given the stable and consistent revenue stream its domestic cokemaking and coal handling businesses can generate. The management team at SunCoke Energy, Inc., our sponsor, believed that creating an MLP for a portion of SunCoke’s business would be attractive to investors, help enhance the value of its business and provide additional financial flexibility.
SXCP began trading as a publicly traded master limited partnership on January 18, 2013. The IPO closed on January 24, 2013, which also represents the balance sheet opening date.
SunCoke Energy Partners, L.P. (SXCP) became a publicly traded company through an initial public offering of partnership units on the open market. Units were not distributed to existing SunCoke Energy, Inc. shareholders.
Partners receive cash distributions, not dividends. In general, cash distributions received from a partnership are not taxable in the same way as dividends, because partnership cash distributions are considered a pass through of income under the U.S. tax code.
SXCP pays cash distributions on a quarterly basis as declared by the board of directors of our general partner. These cash distributions are generally paid on the last business day of February, May, August and November to holders of record on our about the 15th of the respective month. Please see Unit Information – Distributions for a schedule of our historical quarterly distributions.
Please see Unit Information – Distributions for a schedule of our historical quarterly distributions.