SunCoke Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
January 31, 2018 at 05:15 pm IST
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SunCoke Energy, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported sales and other operating revenue of $359.6 million compared to $325.6 million a year ago. Operating income was $38.5 million compared to $47.3 million a year ago. Income before income tax expense was $22.9 million compared to $34.2 million a year ago. Net income attributable to SunCoke Energy, Inc. was $134.0 million or $2.05 per diluted share compared to $17.0 million or $0.26 per diluted share a year ago. Adjusted EBITDA was $69.5 million compared to $77.3 million a year ago. Adjusted EBITDA attributable to SunCoke Energy, Inc. was $44.1 million compared to $48.5 million a year ago.
For the year, the company reported sales and other operating revenue of $1,331.5 million compared to $1,223.3 million a year ago. Operating income was $102.9 million compared to $96.6 million a year ago. Income before income tax expense was $21.9 million compared to $68.1 million a year ago. Net income attributable to SunCoke Energy, Inc. was $122.4 million or $1.88 per diluted share compared to $14.4 million or $0.22 per diluted share a year ago. Net cash provided by operating activities was $148.5 million compared to $219.01 million a year ago. Capital expenditures were $75.6 million compared to $63.7 million a year ago. Adjusted EBITDA was $234.7 million compared to $217.0 million a year ago. Adjusted EBITDA attributable to SunCoke Energy, Inc. was $148.3 million compared to $130.4 million a year ago.
For the year 2018, the company expects Net Cash Provided by Operating activities to be $150 million to $165 million. Net Income to be $35 million to $50 million. Adjusted EBITDA to be $240 million to $255 million. Adjusted EBITDA attributable to SXC to be $160 million to $171 million. Capital expenditures are projected to be approximately $95 million, including $25 million to $30 million related to Indiana Harbor oven rebuild project and approximately $35 million related to Granite City gas sharing project. Cash generated by operations is estimated to be between $150 million and $165 million. Cash taxes are projected to be between $7 million and $14 million.
SunCoke Energy, Inc. is an independent producer of coke. The Companyâs segments include Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of coke making facilities and heat recovery operations at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. The Brazil segment consists of coke making operations located in Vitoria, Brazil, where it operates the ArcelorMittal Brazil coke making facility for a Brazilian subsidiary of ArcelorMittal S.A. The Logistics segment consists of Convent Marine Terminal (CMT), Kanawha River Terminal (KRT) and SunCoke Lake Terminal (Lake Terminal). Its terminals act as intermediaries between its customers and end users by providing transloading and mixing services. CMT is located in Convent, Louisiana, with access to seaborne markets for coal and other industrial materials. The terminal provides loading and unloading services and has direct rail access.
SunCoke Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
SUNCOKE ENERGY, INC. 
