SunCoke companies report solid coke production for 2013

SunCoke Energy Partners LP (NYSE: SXCP) on Jan. 7 reported preliminary fourth quarter 2013 coke production at its Haverhill and Middletown facilities in Ohio is estimated to be 445,000 tons, up slightly from 443,000 tons in fourth quarter 2012.

Full year 2013 coke production at both facilities is expected to be 1.79 million tons versus 1.766 million tons in 2012. The portion of this production attributable to SXCP, which owns a 65% interest in both facilities, is 289,000 tons and 1.163 million tons for fourth quarter and full year 2013, respectively, and 288,000 tons and 1.148 million tons for the same respective prior year periods.

Capacity utilization at Haverhill and Middletown collectively was 107% in fourth quarter and 109% for the full year 2013, as compared to 107% in both prior year periods.

SunCoke Energy Partners tentatively plans to report fourth quarter 2013 financial results before market open and host an investor conference call on Jan. 30. It is a publicly-traded master limited partnership that manufactures coke used in the blast furnace production of steel and provides coal handling services to the coke, steel and power industries. Its coal handling terminals have the collective capacity to blend and transload more than 30 million tons of coal annually and are strategically located to enable material delivery to U.S. ports in the Gulf Coast, East Coast and Great Lakes. Its General Partner is a wholly owned subsidiary of SunCoke Energy (NYSE: SXC).

SunCoke Energy separately reported on Jan. 7 that its fourth quarter 2013 domestic coke production is expected to be 1.056 million tons, down an estimated 26,000 tons versus the prior year period. Full year coke 2013 production is expected to be 4.269 million tons, down about 73,000 tons compared to 2012.

The change in both periods reflects the significant refurbishment underway at the Indiana Harbor cokemaking facility in northern Indiana, which resulted in lower production at this facility of 39,000 tons and 106,000 tons in the quarter and year, respectively. Offsetting this was higher production at the Jewell cokemaking facility in southwest Virginia in the quarter and higher production at Jewell, Middletown (in Ohio) and Haverhill (Ohio) in the year.

Domestic capacity utilization in fourth quarter and full year 2013 is estimated to be 99% and 101%, respectively, as compared to 101% and 102% in the same respective prior year periods.

SunCoke Energy tentatively plans to report fourth quarter 2013 financial results before market open and host an investor conference call on Jan. 30. SunCoke Energy is the largest independent producer of coke in the Americas. Its advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Its coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia and supply much of their coal to the Jewell coke plant.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.