SunCoke Energy, Inc. Provides Earnings and Production Guidance for the Fiscal Year 2024
February 01, 2024 at 07:35 am EST
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SunCoke Energy, Inc. provided earnings and production guidance for the fiscal year 2024. For the period, Consolidated Net Income is expected to be between $67 million and $84 million and Domestic coke total production is expected to be approximately 4.1 million tons.
SunCoke Energy, Inc. is an independent producer of coke. The Companyâs segments include Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of coke making facilities and heat recovery operations at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. The Brazil segment consists of coke making operations located in Vitoria, Brazil, where it operates the ArcelorMittal Brazil coke making facility for a Brazilian subsidiary of ArcelorMittal S.A. The Logistics segment consists of Convent Marine Terminal (CMT), Kanawha River Terminal (KRT) and SunCoke Lake Terminal (Lake Terminal). Its terminals act as intermediaries between its customers and end users by providing transloading and mixing services. CMT is located in Convent, Louisiana, with access to seaborne markets for coal and other industrial materials. The terminal provides loading and unloading services and has direct rail access.