SunCoke companies report 2014 coke production results

SunCoke Energy (NYSE: SXC) on Jan. 7 reported preliminary fourth quarter 2014 domestic coke production of 1,083 thousand tons, up approximately 27 thousand tons versus fourth quarter 2013.

The increase is primarily due to production improvements and better coal-to-coke yields at the Indiana Harbor facility. While Indiana Harbor saw year-over-year improvement in the quarter, it fell short of the 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 the Indiana Harbor facility and lower coal-to-coke yields at the Haverhill facility in Ohio.

Domestic capacity utilization for fourth quarter and full year 2014 is estimated to be 101% and 98%, respectively, as compared to 99% and 101% for the same prior year periods.

SunCoke Energy tentatively plans to issue fourth quarter 2014 earnings and 2015 guidance before market opens and host an investor conference call at 11:30 a.m. Eastern Time (10:30 a.m. Central Time) on Jan. 29.

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. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., it has cokemaking operations in Vitoria, Brazil, and Odisha, India. Its for-sale coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia. In addition, through its 56% ownership of SXCP, it has an interest in SXCP’s coal logistics business, which has the collective capacity to blend and transload more than 30 million tons of coal annually.

SunCoke Energy Partners LP (NYSE: SXCP) on Jan. 7 separately reported preliminary fourth quarter 2014 coke production at its Haverhill and Middletown facilities of 452 thousand tons up slightly from 445 thousand tons in fourth quarter 2013.

Full year 2014 estimated coke production of 1,746 thousand tons is down approximately 44 thousand tons compared with full year 2013, reflecting the impact of severe winter weather in first quarter 2014 and lower coal-to-coke yields at the Haverhill facility.

Capacity utilization collectively was 109% and 106% for fourth quarter and full year 2014, respectively, as compared to 107% and 109% for the same prior year periods.

SunCoke Energy Partners tentatively plans to issue fourth quarter 2014 earnings and 2015 guidance before market opens and host an investor conference call at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Jan. 29.

SunCoke Energy Partners 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.

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.