SunCoke Energy Inc. Provides Earnings Guidance for the First Quarter and Full Year 2014
March 11, 2014 at 05:29 pm IST
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SunCoke Energy Inc. provided earnings guidance for the first quarter and full year 2014. For the quarter, the company's adjusted EBITDA expected to be in the range of $10 million to $15 million lower due to severe winter weather and challenges at its Indiana Harbor coke making facility.
Full year 2014, the company's adjusted EBITDA now expected to be in the lower half of the $230 million to $255 million 2014 guidance range.
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. 
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