SunCoke Energy, Inc. today reported fourth quarter and full-year 2018 results. Total revenues for the fourth quarter totaled $368.9 million, up from $359.6 million in Q4 2017. Net income for Q4 was $1.8 million, down from $134.0 million in the same quarter of 2017.
Total revenue for the full-year 2018 totaled $1.45 billion, up from $1.33 billion in the full-year 2017. Net income in 2018 totaled $26.2 million, down from $122.4 million in 2017.
In the domestic coke segment, which includes cokemaking facilities and heat recovery operations at the company’s Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants, the company reported adjusted EBITDA of $49.6 million in Q4 2018, up from $40.5 million in Q4 2017. Sales volumes in Q4 2018 totaled 1.04 million tons, up from 977,000 tons in Q4 2017.
For the full-year 2018, domestic coke segment adjusted EBITDA totaled $207.9 million, up from $188.9 million in 2017. Sales volumes for the full-year 2018 totaled 4.03 million tons, compared to 3.85 million tons in 2017.
As for a 2019 outlook, the company said in a statement that it expects domestic coke production to reach 4.1 million tons, with adjusted EBITDA between $265-$275 million.