SunCoke Energy, Inc. (NYSE: SXC) today reported preliminary first quarter 2015 domestic coke production of 998 thousand tons. This is up an estimated 54 thousand tons and reflects favorable production and better coal-to-coke yields this winter as compared to the same prior year period. Domestic capacity utilization for first quarter 2015 is estimated to be 95 percent, as compared to 90 percent for the same prior year period. Production at our Indiana Harbor cokemaking facility improved year-over-year, but was below our first quarter 2015 targeted range. We now estimate full year 2015 coke production at Indiana Harbor will be approximately 1.1 million tons. Despite the quarter's operating challenges at this facility, our remaining domestic coke fleet continues to deliver solid operating performance and we expect to achieve our full year 2015 Consolidated Adjusted EBITDA guidance of $190 million to $210 million.
|Preliminary Domestic Coke Production and Capacity Utilization|
|For quarter ended|
|(Coke production in thousands of tons)||2015(1)||2014|
|Domestic Coke Production||998||944|
|Capacity Utilization (percent)||95||90|
Such risks and uncertainties include, but are not limited to domestic and international economic, political, business, operational, competitive, regulatory and/or market factors affecting SXC, as well as uncertainties related to: pending or future litigation, legislation or regulatory actions; liability for remedial actions or assessments under existing or future environmental regulations; gains and losses related to acquisition, disposition or impairment of assets; recapitalizations; access to, and costs of, capital; the effects of changes in accounting rules applicable to SXC; and changes in tax, environmental and other laws and regulations applicable to SXC's businesses.Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SXC management, and upon assumptions by SXC concerning future conditions, any or all of which ultimately may prove to be inaccurate. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SXC does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events or otherwise after the date of this press release except as required by applicable law. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SXC has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SXC. For information concerning these factors, see SXC's Securities and Exchange Commission filings such as its annual and quarterly reports and current reports on Form 8-K, copies of which are available free of charge on SXC's website at www.suncoke.com. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this release also could have material adverse effects on forward-looking statements.
|SunCoke Energy, Inc.|
|Domestic Coke Production and Capacity Utilization|
|For quarter ended||For quarter ended||For quarter ended||For quarter ended|
|March 31,||December 31,||September 30,||June 30,|
|(Coke production in thousands of tons)||2015(1)||2014||2014||2013||2014||2013||2014||2013|
|Domestic Coke Production||998||944||1,083||1,056||1,090||1,081||1,059||1,081|
|Capacity Utilization (percent)(2)||95||90||101||99||102||101||100||102|