SunCoke Energy, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016; Provides Earnings Guidance for the Year 2017
January 26, 2017 at 06:45 am
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SunCoke Energy, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2016. For the quarter, the company reported total revenues of $325.6 million, operating income of $47.3 million, net income attributable to company of $17 million or basic and diluted per share of $0.26, total adjusted ebitda of $77.3 million, adjusted ebitda attributable to suncoke energy, inc. of $48.5 million compared to the total revenues of $353.6 million, operating income of $24.8 million, net income attributable to company of $19 million or basic and diluted per share of $0.3, total adjusted ebitda of $55 million, adjusted ebitda attributable to suncoke energy, inc. of $30.1 million for the same quarter a year ago.
For the year, the company reported total revenues of $1,223.3 million, operating income of $96.6 million, net income attributable to company of $14.4 million, basic and diluted per share of $0.22, net cash provided by operating activities of $219.1 million, capital expenditures of $63.7 million, total adjusted ebitda of $217 million, adjusted ebitda attributable to suncoke energy, inc. of $130.4 million compared to the total revenues of $1,362.7 million, operating income of $79.8 million, net loss attributable to company of $22 million or basic and diluted per share of $0.34, net cash provided by operating activities of $141.1 million, capital expenditures of $75.8 million, total adjusted ebitda of $185.4 million, adjusted ebitda attributable to suncoke energy, inc. of $104.2 million for the previous year.
For the year 2017, the company expects domestic coke production is expected to be approximately 3.9 million tons and consolidated Adjusted EBITDA is expected to be between $220 million and $235 million. The company also expects adjusted EBITDA attributable to SXC is expected to be between $130 million and $141 million, reflecting the impact of public ownership in SXCP and capital expenditures is projected to be approximately $80 million. Cash generated by operations is estimated to be between $140 million and $155 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 Fourth Quarter and Full Year Ended Dec. 31, 2016; Provides Earnings Guidance for the Year 2017