SunCoke Energy, Inc. Domestic Coke Production Estimated to Be 1,083 Thousand Tons in Fourth Quarter 2014
- Full year 2014 domestic coke production projected to be 4,175 thousand tons versus 4,269 thousand tons in 2013
Full year 2014 estimated coke production of 4,175 thousand tons is down
approximately 94 thousand tons compared with full year 2013 reflecting
the combined impact of severe winter weather in first quarter 2014,
refurbishment and production challenges at our
Domestic capacity utilization for fourth quarter and full year 2014 is estimated to be 101 percent and 98 percent, respectively, as compared to 99 percent and 101 percent for the same prior year periods.
| Preliminary Domestic Coke Production and Capacity Utilization | |||||||||||||||
| For quarter ended | For year ended | ||||||||||||||
| (Coke production in thousands of tons) | 2014(1) | 2013 | 2014(1) | 2013 | |||||||||||
| Domestic Coke Production | 1,083 | 1,056 | 4,175 | 4,269 | |||||||||||
| Capacity Utilization (percent) | 101 | 99 | 98 | 101 | |||||||||||
| (1) Estimated | |||||||||||||||
See exhibit at end of release for domestic coke production schedule for the last four quarters.
UPCOMING EVENTS
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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). Forward-looking statements include all statements that are not historical facts and may be identified by the use of such words as “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 are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of the Company) that could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to domestic and international economic, political, business, operational, competitive, regulatory and/or market factors affecting the Company, 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 the Company; and changes in tax, environmental and other laws and regulations applicable to the Company’s businesses.
Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of Company management, and upon assumptions by the Company 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. The Company 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, the Company has included in its filings
with the
| Domestic Coke Production and Capacity Utilization | |||||||||||||||||||||||||
| For quarter ended | For quarter ended | For quarter ended | For quarter ended | ||||||||||||||||||||||
| (Coke production in thousands of tons) | 2014(1) | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
| Domestic Coke Production | 1,083 | 1,056 | 1,090 | 1,081 | 1,059 | 1,081 | 944 | 1,051 | |||||||||||||||||
| Capacity Utilization (percent) | 101 | 99 | 102 | 101 | 100 | 102 | 90 | 101 | |||||||||||||||||
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