Suncoke Energy, Inc. (SXC) Misses Q4 EPS by 5c

Suncoke Energy, Inc. (NYSE: SXC) reported Q4 adj-EPS of $0.21, $0.05 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $360.4 million versus the consensus estimate of $388.41 million.

Net loss from continuing operations attributable to shareholders in fourth quarter 2014 was $25.3 million, or $0.38 per share, and reflects impact of impairment on VISA SunCoke, our India cokemaking joint venture of $30.5 million, or $0.46 per share, and higher black lung liability charges of $8.7 million, net of tax, or $0.13 per share

“2014 was a year of transformation for SunCoke Energy, as we achieved solid operating performance across most of our domestic cokemaking fleet, began our transition to a pure-play GP with our first cokemaking asset dropdown, launched a $150 million share repurchase program and paid our first cash dividend,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “We faced our share of challenges as well. We weren’t able to sell the coal business. While we continue to explore coal sale options in 2015, we have aggressively rationalized these operations to reduce ongoing cash losses. Our Indiana Harbor turnaround is taking longer than we anticipated and we did not achieve our growth objectives in 2014. Each of these areas remain top priorities in 2015."

For earnings history and earnings-related data on Suncoke Energy, Inc. (SXC) click here.

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