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January 7, 2014
08:04 EDTSXCSunCoke Energy sees Q4 domestic coke production down 26,000 tons y/y
SunCoke Energy reported 4Q3 domestic coke production is expected to be 1,056 thousand tons, down an estimated 26 thousand tons versus the same prior year period. FY coke 2013 production is expected to be 4,269 thousand tons, down approximately 73 thousand tons compared to 2012. The change in both periods reflects the significant refurbishment underway at our Indiana Harbor cokemaking facility, which resulted in lower production at this facility of 39 thousand tons and 106 thousand tons in the quarter and year, respectively. Offsetting this was higher production at our Jewell cokemaking facility in the quarter and higher production at Jewell, Middletown and Haverhill in the year. Domestic capacity utilization in Q4 and FY13 is estimated to be 99% and 101%, respectively, as compared to 101% and 102% in the same respective prior year periods.
News For SXC From The Last 14 Days
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October 12, 2015
13:00 EDTSXCOn The Fly: Top stock stories at midday
Stocks on Wall Street were little changed at midday as the averages catch their breath ahead of an upcoming torrent of earnings reports. Though the week began on a slow note, with no major reports coming out this morning, there was large-cap deal news to keep investors occupied as they await the earnings deluge. ECONOMIC EVENTS: In the U.S., no major data was reported and the bond market was closed for Columbus Day. In China, the Shanghai composite index gained more than 3% after the PBOC expanded a pilot program that boosts banks' lending abilities. China's foreign direct investment rose 7.1% from a year earlier in September, the Ministry of Commerce said in a statement issued after the market's closed for trading. COMPANY NEWS: Shares of EMC (EMC) advanced after Dell confirmed this morning that it has struck a $67B deal to acquire the enterprise IT company while maintaining VMware (VMW), which is majority owned by EMC, as a publicly-traded company. EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC's economic interest in the VMware business. Dell said the deal equates to a consideration of $33.15 per EMC share, but EMC rose a bit over 1% to $28.21 near noon while VMware shares sunk over 10%... Anheuser-Busch InBev (BUD) noted recent speculation and confirmed that it has made an improved cash offer of GBP 43.50 per share to the board of SABMiller (SBMRY) to combine the two companies. Under the rules of U.K. takeover law, Anheuser-Busch has until 5 pm on Wednesday to make a formal offer for SABMiller before it must walk away from any deal for a period of six months. MAJOR MOVERS: Among the notable gainers were Regeneron (REGN), Amgen (AMGN) and Esperion (ESPR), which gained 4.5%, 2.8%, and 1.6%, respectively, after Eli Lilly (LLY) announced that it was halting development of the anti-cholesterol drug evacetrapib. Shares of Eli Lilly, meanwhile, fell about 8% following the announcement, while Merck (MERCK), which is at work on another drug in the same class, slid 0.5%. Also lower was SunCoke Energy (SXC), which lost 27%, after it reported third quarter losses and revised its adjusted EBITDA outlook for the fiscal year. INDEXES: Near midday, the Dow was up 38.58, or 0.23%, to 17,123.07, the Nasdaq was up 2.98, or 0.06%, to 4,833.45, and the S&P 500 was up 0.26, or 0.01%, to 2,015.15.
06:21 EDTSXCSunCoke Energy sees FY15 consolidated adjusted EBITDA $180M-$190M
The revised adjusted EBITDA reflects Indiana Harbor challenges and benefit of Convent Marine Terminal. Domestic coke production is expected to be between 4.1 million and 4.2 million tons; Domestic coke Adjusted EBITDA per ton is expected to be in the range of $50 per ton and $55 per ton; Consolidated Adjusted EBITDA is expected to be between $180 million to $190 million; Adjusted EBITDA attributable to SXC is expected to be between $102 million and $110 million; Capital expenditures are projected to be approximately $75 million to $80 million; Cash generated by operations is estimated to be between $125 million and $145 million; Cash taxes are projected to be approximately $8 million to $9 million.
06:20 EDTSXCSunCoke Energy reports Q3 EPS (36c), consensus 2c
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October 6, 2015
18:06 EDTSXCSunCoke Energy says expects U.S. Steel to honor contract
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September 30, 2015
17:13 EDTSXCSunCoke Energy names Katherine Gates Chief Compliance Officer
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