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Suncoke Energy, Inc. (SXC) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

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Investors and Media:

Andy Kellogg & Kory Kutzke

(630) 824-1907

SUNCOKE ENERGY, INC. ANNOUNCES THIRD QUARTER 2018 RESULTS

 

   

Net income attributable to SXC was $11.5 million, or $0.18 per share, and operating cash flow was $85.3 million in the current period

 

   

Adjusted EBITDA for the quarter was $66.0 million up $3.9 million, or 6 percent, versus the prior year period driven by strong operating performance at Indiana Harbor and Convent Marine Terminal

 

   

Increased Indiana Harbor full-year 2018 Adjusted EBITDA guidance range to $10 million to $15 million on approximately 950 thousand tons from approximately break-even on 870 to 900 thousand tons

 

   

Well positioned to deliver full-year 2018 results at the top-end of Consolidated Adjusted EBITDA guidance range of $240 million to $255 million

LISLE, Ill. (October 25, 2018) - SunCoke Energy, Inc. (NYSE: SXC) today reported results for the third quarter 2018, which reflect strong operating results in our coke and logistics businesses. Third quarter results reflect the strong performance at the company’s Indiana Harbor facility and logistics business as well as the impact of a planned outage and unrelated machinery fire at the company’s Granite City facility.

“We are pleased with our third quarter consolidated operating results in both the coke and logistics businesses. In the quarter, we continue to see significant operational improvement at Indiana Harbor driven by the diligent progress on our oven rebuild initiative, and our CMT business continues to deliver strong throughput volumes,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “The solid performance we have achieved through the first nine months of the year has positioned us well to deliver full-year results at the top-end of our 2018 Adjusted EBITDA guidance range.”

The Company continued to execute its Indiana Harbor oven rebuild initiative during the third quarter. Rippey commented, “The majority of the A-battery ovens have been rebuilt as of the end of the third quarter, and the improved operating performance has allowed us to meaningfully increase our 2018 Indiana Harbor guidance range.”

Additionally, the Company will start on the last phase of our multi-year rebuild initiative, completing comprehensive rebuilds on all 57 remaining B-battery ovens in 2019. Rippey commented, “We have demonstrated our ability to dramatically improve operational performance through this rebuild process. We look forward to implementing the knowledge and resources we have honed to successfully execute the final phase of the rebuild project and generate lasting benefits for our shareholders, customer, employees, and the surrounding community.”


The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, October 25, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Suncoke Energy, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited) (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss) (Unaudited)
Consolidated Statements Of Equity (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Acquisition Of Noncontrolling Interest
Acquisition Of Noncontrolling Interest (Details)
Acquisition Of Noncontrolling Interest (Tables)
Business Segment Information
Business Segment Information (Details Textual)
Business Segment Information (Tables)
Business Segment Information - Adjusted Ebitda (Details)
Business Segment Information - Segment Assets (Details)
Business Segment Information - Segment Profit Or Loss (Details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (Details)
Debt And Financing Obligation
Debt And Financing Obligation - Covenants Narrative (Details)
Debt And Financing Obligation - Narrative (Details)
Debt And Financing Obligation (Tables)
Debt And Financing Obligation - Maturities (Details)
Debt And Financing Obligation - Schedule Of Debt (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Antidilutive Securities Excluded From Eps Calculation (Details)
Earnings Per Share - Computation Of Eps (Details)
Fair Value Measurement
Fair Value Measurement (Details)
General
General - Accounting Pronouncements (Details)
General (Details)
General (Policies)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Details Textual)
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Gross And Net Intangible Assets (Details)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Retirement Benefits Plans
Retirement Benefits Plans (Details Textual)
Retirement Benefits Plans (Tables)
Retirement Benefits Plans - Postretirement Benefit Plans Expense (Benefit) (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers - Disaggregated Sales And Other Operating Revenue (Details)
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Deferred Revenue (Details)
Revenue From Contracts With Customers - Narrative (Details)
Share-Based Compensation
Share-Based Compensation (Details Textual)
Share-Based Compensation (Tables)
Share-Based Compensation - Assumptions Used In Calculating Award Value (Details)
Share-Based Compensation - Compensation Expense And Unrecognized Compensation Costs (Details)
Share-Based Compensation - Performance Share Units (Details)
Share-Based Compensation - Stock Options (Details)
Supplemental Accumulated Other Comprehensive Loss Information
Supplemental Accumulated Other Comprehensive Loss Information (Tables)
Supplemental Accumulated Other Comprehensive Loss Information - Changes In Accumulated Other Comprehensive Loss, By Component (Details)
Supplemental Accumulated Other Comprehensive Loss Information - Reclassifications Out Of Aoci (Details)
Supplemental Condensed Consolidating Financial Information
Supplemental Condensed Consolidating Financial Information (Tables)
Supplemental Condensed Consolidating Financial Information - Consolidating Balance Sheet (Details)
Supplemental Condensed Consolidating Financial Information - Consolidating Statement Of Cash Flows (Details)
Supplemental Condensed Consolidating Financial Information - Consolidating Statement Of Operations (Details)
Supplemental Condensed Consolidating Financial Information - Textuals (Details)
Ticker: SXC
CIK: 1514705
Form Type: 10-Q Quarterly Report
Accession Number: 0001514705-18-000019
Submitted to the SEC: Thu Oct 25 2018 10:41:31 AM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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