LISLE, Ill., Jan. 20, 2017 /PRNewswire/ -- SunCoke Energy
Partners, L.P. (NYSE: SXCP) issued the following statement in response to the Internal Revenue Service's (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.
ABOUT 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.
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.suncoke.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.
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SOURCE SunCoke Energy Partners, L.P.