Suncoke Energy, Inc. (SXC) 10-K Annual Report Fri Feb 28 2014

Net income attributable to SunCoke Energy, Inc. (NYSE: SXC) shareholders declined in fourth quarter and full year 2013 primarily due to weakness in our Coal Mining segment, the attribution of income to SunCoke Energy Partners, L.P. (NYSE: SXCP) public holders and lower performance at our Indiana Harbor cokemaking operations

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Adjusted EBITDA was $59.7 million in fourth quarter 2013 and $215.1 million for full year 2013, a decline of $10.0 million and $50.6 million, respectively, reflecting lower performance in our Coal Mining segment and Indiana Harbor cokemaking facility

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Domestic Coke segment generated $56.5 million of Adjusted EBITDA in fourth quarter 2013 on sales of 1,047 thousand tons, resulting in Adjusted EBITDA per ton of $54. Full year 2013 Domestic Coke Adjusted EBITDA was $243.2 million on sales of 4,263 thousand tons for an Adjusted EBITDA per ton of $57

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Reaffirm 2014 Adjusted EBITDA and earnings per share of $230 million to $255 million and $0.35 to $0.60 per share, respectively, but expect first quarter 2014 will be challenged by impact on operations of severe weather in January

Lisle, IL (January 30, 2014) - SunCoke Energy, Inc. (NYSE: SXC) today reported fourth quarter 2013 net income attributable to shareholders of $11.0 million, or $0.16 per diluted share, down from $27.6 million, or $0.39 per diluted share, from fourth quarter 2012. Full year 2013 net income attributable to shareholders of $25.0 million, or $0.36 per diluted share, is down $73.8 million, or $1.04 per share, from prior year.

“Despite a weak fourth quarter, we achieved our 2013 earnings targets during a year that was challenging on many fronts,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “The same factors affected fourth quarter as affected the full year, including the current weak coal price environment and lower than expected results at our Indiana Harbor cokemaking facility due to the ongoing refurbishment effort. While these factors pressured results, there were several positives in the fourth quarter that we believe will continue into 2014, including sustained solid results across the rest of our cokemaking fleet, significantly lower per ton production costs in our coal mining business, the contribution of our new Coal Logistics segment and the benefit of our renewed contract at Indiana Harbor.”

Henderson continued, “Looking ahead, we are currently evaluating the potential of dropping down our entire domestic coke business into SXCP over time and assessing strategic options for our coal business. We are in the early stages of this analysis and plan to provide an update on these initiatives in March.”

The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, January 30, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Suncoke Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Suncoke Energy, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.7: Material Contract

Exhibit 10.8: Material Contract

Exhibit 10.11: Material Contract

Exhibit 10.12: Material Contract

Exhibit 10.9.2: Material Contract

Exhibit 10.9.3: Material Contract

Exhibit 12.1: Statement Regarding Calculation Of Ratios

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 24.1: Power Of Attorney

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 95.1: Exhibit 95.1

Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001445305-14-000685
Submitted to the SEC: Thu Feb 27 2014 7:47:34 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

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