SunCoke Energy, Inc. today reported fourth quarter and full-year 2017 results. Net income was $134.0 million in fourth quarter 2017, compared to $17.0 million in Q4 2016. Net income was $122.4 million in full-year 2017, compared to $14.4 million in the full-year 2016.
Total revenues from operations totaled $359.6 million in the fourth quarter, compared to $325.6 million in Q4 2016. Total revenues in the full-year 2017 totaled $1.33 billion, compared to $1.22 billion in the full-year 2016.
Domestic Coke revenues totaled $310.1 million for the fourth quarter, compared to $261.4 million in Q4 2016. Domestic Coke revenues totaled $1.19 billion in the full-year 2017, compared to $1.09 billion in 2016. In a statement, the company said the increase in revenues for full-year 2017 were partially offset by a decrease in sales volumes compared to 2016, driven by more ovens out of service at Indiana Harbor in connection with the ongoing oven rebuild initiative.
For the Brazil Coke segment, adjusted EBITDA decreased $3.6 million to $4.7 million in fourth quarter of 2017 related to the timing of the recognition of licensing fees. Adjusted EBITDA increased $2.0 million to $18.2 million for the full-year 2017 compared to 2016 due to higher volumes and favorable translation adjustments.
As for a 2018 outlook, the company said domestic coke production is expected to be approximately 3.9 million tons for the full year, with adjusted EBITDA expected to be between $160 million and $171 million.