SunCoke Energy, Inc. reported Friday a fourth quarter and full year 2014 consolidated net loss of $65.4 million and $126.1 million, respectively. These results include losses from discontinued operations, net of tax, of $40.1 million, or $0.60 per share, in fourth quarter and $106.0 million, or $1.54 per share, in full year 2014. Fourth quarter and full year 2013 consolidated net income attributable to shareholders was $11.0 million and $25.0 million, respectively.
Fourth quarter 2014 net loss from continuing operations attributable to shareholders was $25.3 million, down from $15.4 million in the same prior year period, due primarily to impairment charges related to the company’s India joint venture and black lung charges. Full year 2014 net loss from continuing operations attributable to shareholders was $20.1 million, compared to income of $40.5 million for full year 2013.
The company’s 2015 guidance is as follows:
• Domestic coke production is expected to be approximately 4.3 million tons
• Adjusted EBITDA from continuing operations is expected to be between $225 million and $245 million
• Adjusted EBITDA attributable to SXC is expected to be between $115 million and $130 million, reflecting the impact of public ownership in SXCP
• Consolidated Adjusted EBITDA including discontinued operations and legacy costs is expected to be $190 million to $210 million
• Capital expenditures are projected to be approximately $90 million
• Cash generated by operations is estimated to be between $125 million and $145 million
• Cash taxes are projected to be between $10 million and $15 million