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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC
LOGO Exhibit 99.1

Investors:

Lisa Ciota: 630-824-1907

Media:

Steve Carlson: 630-824-1783

SUNCOKE ENERGY, INC. ANNOUNCES FOURTH QUARTER 2014 RESULTS

 

    Net loss from continuing operations attributable to shareholders in fourth quarter 2014 was $25.3 million, or $0.38 per share, and reflects impact of impairment on VISA SunCoke, our India cokemaking joint venture of $30.5 million, or $0.46 per share, and higher black lung liability charges of $8.7 million, net of tax, or $0.13 per share

 

    Adjusted EBITDA from continuing operations increased $7.2 million to $70.0 million in fourth quarter 2014, benefiting from year-over-year improvement at Indiana Harbor

 

    Domestic Coke Adjusted EBITDA increased $8.0 million in fourth quarter 2014 to $64.4 million

 

    Discontinued operations, net of tax, which consists of our Coal Mining operations, lost $40.1 million, or $0.60 per share, in fourth quarter 2014. The quarter was impacted by a $17 per ton decline in average coal sale price and additional asset impairment charges

LISLE, Ill. (January 29, 2015) - SunCoke Energy, Inc. (NYSE: SXC) today reported a fourth quarter and full year 2014 consolidated net loss attributable to SXC 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 our 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.

“2014 was a year of transformation for SunCoke Energy, as we achieved solid operating performance across most of our domestic cokemaking fleet, began our transition to a pure-play GP with our first cokemaking asset dropdown, launched a $150 million share repurchase program and paid our first cash dividend,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “We faced our share of challenges as well. We weren’t able to sell the coal business. While we continue to explore coal sale options in 2015, we have aggressively rationalized these operations to reduce ongoing cash losses. Our Indiana Harbor turnaround is taking longer than we anticipated and we did not achieve our growth objectives in 2014. Each of these areas remain top priorities in 2015.”

We expect 2015 Adjusted EBITDA from continuing operations to be between $225 million and $245 million. This outlook reflects our view for sustained solid operations in our Domestic Coke and Coal Logistics businesses and continued improvement at our Indiana Harbor facility, offset by the standalone cost impact to our Jewel Coke facility from the downsizing of our coal mining operations.

 

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The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, January 29, 2015 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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Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (loss) Income
Consolidated Statements Of Comprehensive (loss) Income (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Income Consolidated Statements Of Income Parenthetical
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (details1)
Accumulated Other Comprehensive Loss (tables)
Acquisitions
Acquisitions (details Textual)
Acquisitions (details)
Acquisitions (tables)
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Black Lung Benefit Obligations
Black Lung Benefit Obligations (details Textual)
Business Segment Information
Business Segment Information (details 1)
Business Segment Information (details 2)
Business Segment Information (details Textual)
Business Segment Information (details)
Business Segment Information (tables)
Business Segment Information Business Segment Information (details 3)
Coal Impairment Charges And Discontinued Operations
Coal Impairment Charges And Discontinued Operations (tables)
Coal Impairment Charges And Discontinued Operations Schedule Of Assets Held For Sale (details)
Coal Impairment Charges And Discontinued Operations Textuals (details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details Textual)
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (tables)
Customer Concentrations
Customer Concentrations (details Textual)
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Drop-down Transaction
Drop-down Transaction (details)
Drop-down Transaction (tables)
Drop-down Transaction Effects Of Changes In Company's Ownership (details)
Earnings Per Share
Earnings Per Share (details Textual)
Earnings Per Share (details)
Earnings Per Share (tables)
Equity Distribution Agreement
Equity Distribution Agreement (details)
Equity Method Investment
Equity Method Investment (details Textual)
Fair Value Measurements
Fair Value Measurements (details)
General And Basis Of Presentation
General And Basis Of Presentation (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details 1)
Goodwill And Other Intangible Assets (details Textual)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textual)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Properties, Plants And Equipment, Net (details Textual)
Properties, Plants And Equipment, Net (details)
Properties, Plants And Equipment, Net (tables)
Properties, Plants, And Equipment, Net
Restructuring
Restructuring (details 1)
Restructuring (details)
Restructuring (tables)
Retirement Benefits Plans
Retirement Benefits Plans (amounts Recognized As Components Of Other Comprehensive (loss) Income) (details)
Retirement Benefits Plans (asset Allocations Attributable To The Defined Benefit Plan) (details)
Retirement Benefits Plans (assumptions Used To Determine Defined Benefit Plan And Postretirement Benefit Plans Expense (benefit) (details)
Retirement Benefits Plans (components Of The Changes In Benefit Obligations And Fair Value Of Plan Assets) (details)
Retirement Benefits Plans (cumulative Amounts Not Yet Recognized In Net Income) (details)
Retirement Benefits Plans (defined Benefit Plan Expense (benefit) Components) (details)
Retirement Benefits Plans (details 10)
Retirement Benefits Plans (details Textual)
Retirement Benefits Plans (expected Benefit Payments) (details)
Retirement Benefits Plans (plan Assets In The Funded Defined Benefit Plan Measured At Fair Value, By Input Level) (details)
Retirement Benefits Plans (postretirement Benefit Plans (benefit) Expense Components) (details)
Retirement Benefits Plans (tables)
Selected Quarterly Data (unaudited)
Selected Quarterly Data (unaudited) (details Textual)
Selected Quarterly Data (unaudited) (details)
Selected Quarterly Data (unaudited) (tables)
Share-based Compensation
Share-based Compensation (details 1)
Share-based Compensation (details 2)
Share-based Compensation (details Textual)
Share-based Compensation (details)
Share-based Compensation (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Supplemental Condensed Consolidating Financial Information
Supplemental Condensed Consolidating Financial Information (details 1)
Supplemental Condensed Consolidating Financial Information (details 2)
Supplemental Condensed Consolidating Financial Information (details Textual)
Supplemental Condensed Consolidating Financial Information (details)
Supplemental Condensed Consolidating Financial Information (tables)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001628280-15-000974
Submitted to the SEC: Tue Feb 24 2015 2:11:29 PM EST
Accepted by the SEC: Tue Feb 24 2015
Period: Wednesday, December 31, 2014
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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