Suncoke Energy (SXC) Reports Improved Q4 Prelim. Domestic Production Results
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Suncoke Energy (NYSE: SXC) reported preliminary fourth quarter 2014 domestic coke production of 1,083 thousand tons, up approximately 27 thousand tons versus fourth quarter 2013, primarily due to production improvements and better coal-to-coke yields at our Indiana Harbor facility. While Indiana Harbor saw year-over-year improvement in the quarter, it fell short of our targeted range.
Full year 2014 estimated coke production of 4,175 thousand tons is down approximately 94 thousand tons compared with full year 2013 reflecting the combined impact of severe winter weather in first quarter 2014, refurbishment and production challenges at our Indiana Harbor facility and lower coal-to-coke yields at our Haverhill facility.
Domestic capacity utilization for fourth quarter and full year 2014 is estimated to be 101 percent and 98 percent, respectively, as compared to 99 percent and 101 percent for the same prior year periods.
Preliminary Domestic Coke Production and Capacity Utilization | |||||||||||||||
For quarter ended | For year ended | ||||||||||||||
December 31, | December 31, | ||||||||||||||
(Coke production in thousands of tons) | 2014(1) | 2013 | 2014(1) | 2013 | |||||||||||
Domestic Coke Production | 1,083 | 1,056 | 4,175 | 4,269 | |||||||||||
Capacity Utilization (percent) | 101 | 99 | 98 | 101 | |||||||||||
(1) Estimated |
See exhibit at end of release for domestic coke production schedule for the last four quarters.
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