SunCoke Energy reports $4.2 million net income in Q2

Thursday, 26 July 2018 19:11:20 (GMT+3)   |   San Diego
       

SunCoke Energy, Inc. today reported second quarter 2018 net income of $4.2 million compared to a Q2 2017 net loss of $24.2 million.

Revenues during the second quarter 2018 increased by $43.8 million compared to the prior year period, primarily reflecting higher sales volumes and the pass-through of higher coal prices in the company’s Domestic Coke segment.

Domestic Coke consists of cokemaking facilities and heat recovery operations at the company’s Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. Revenues for the segment increased by $32.2 million primarily reflecting the pass-through of higher coal prices as well as higher sales volumes.

As for a full-year 2018 outlook, the company expects domestic coke production to be approximately 3.9 million tons. Consolidated Adjusted EBITDA for the year is expected to be between $240 million to $255 million.


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