SunCoke Energy, Inc. Reports Preliminary Fourth Quarter 2011 U.S. Coke Production

SunCoke Energy, Inc. (NYSE: SXC):
  • Fourth quarter 2011 U.S. coke production is estimated to be 1,015 thousand tons, up 11 percent from fourth quarter 2010
  • Our new Middletown, Ohio cokemaking facility, which began operations in October 2011, produced an estimated 68 thousand tons in the fourth quarter
  • Full year 2011 U.S. coke production is estimated to be 3,762 thousand tons, up 5 percent versus full year 2010
  • Fourth quarter 2011 financial results are tentatively planned to be released on February 2, 2012

SunCoke Energy, Inc. (NYSE: SXC) reported preliminary fourth quarter and full year 2011 U.S. coke production today. Total U.S. coke production is estimated to be 1,015 thousand tons in the fourth quarter 2011, an increase of 100 thousand tons versus the same period in 2010. The increase in the fourth quarter reflects the startup of our new Middletown, Ohio facility and improvement in our Indiana Harbor operations. Excluding Middletown operations, our domestic cokemaking operations continued to run in excess of 100% of capacity.

For the full year 2011, total U.S. coke production is estimated to be 3,762 thousand tons. The full year increase was driven by the Middletown startup and strong performance at our Granite City and Indiana Harbor operations.
               
Preliminary U.S. Coke Production
 

Fourth Quarter
Full Year
In thousands of tons  

2011

*
    2010        

2011

*
    2010
Jewell Coke 177 179 707 715
Other Domestic Coke   838       736         3,055       2,878
Total 1,015 915 3,762 3,593
*Estimated

UPCOMING ITEMS
  • As previously announced, Sunoco, Inc.’s board of directors has declared a special stock dividend to distribute to its shareholders all of its shares of SunCoke Energy, Inc. common stock. This distribution will be made on a pro-rata basis effective January 17, 2012 to all Sunoco, Inc. shareholders of record on January 5, 2012.
  • The Company tentatively plans to report fourth quarter 2011 financial results before market open on Thursday, February 2, 2012, and will host an investor conference call at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. This conference call will be webcast live and archived for replay on www.suncoke.com in the Investor Relations section of the website. Participants can listen in by dialing 1-800-471-6718 (domestic) or 1-630-691-2735 (international) and referencing confirmation 31517686. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. A replay of the call will be available for seven days by calling 1-888-843-7419 (domestic) or 1-630-652-3042 (international) and referencing confirmation 31517686#.

SUNCOKE ENERGY, INC.

SunCoke Energy, Inc. is the largest independent producer of metallurgical coke in the Americas, with about 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our cokemaking facilities are located in Virginia, Indiana, Ohio, Illinois and Vitoria, Brazil, and our coal mining operations, which have more than 100 million tons of proven and probable reserves, are located in Virginia and West Virginia. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

FORWARD LOOKING STATEMENTS

Some of the statements included in this press release constitute “forward looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Such forward-looking statements are based on management’s beliefs and assumptions and on information currently available. You should not put undue reliance on any forward-looking statements. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward looking terminology such as the words “believe,” “expect,” “plan,” “project,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions. Forward-looking statements involve risks, uncertainties and assumptions.

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