- First quarter 2023 net income attributable to SXC was
$16.3 million, or $0.19 per share, compared to $29.5 million, or $0.35 per share, in the prior year period
- Consolidated Adjusted EBITDA(1) for the quarter was
$67.1 million
- Extended Indiana Harbor coke supply agreement with
Cleveland-Cliffs through September
2035
- Reaffirming full-year 2023 Consolidated Adjusted EBITDA
guidance of $250 million to
$265 million
LISLE,
Ill., May 4, 2023 /PRNewswire/ -- SunCoke
Energy, Inc. (NYSE: SXC) today reported first quarter 2023 results,
reflecting continued solid operating performance from our
cokemaking and logistics segments.
"We are pleased with the operational performance across our
segments in the first quarter. Our domestic coke plants continued
to run at full capacity, but our financial results, as compared to
the prior year quarter, were impacted by lower export coke
contribution margin. Our logistics segment also continued to
perform well, with higher volumes at our Convent Marine Terminal
driving results. We continue to execute against our 2023 objectives
and remain well positioned to achieve our full-year Adjusted EBITDA
guidance," said Katherine Gates,
President of SunCoke Energy, Inc. "Additionally, we are pleased
with the extension of our Indiana Harbor coke contract with
Cleveland-Cliffs for an additional 12 years. This affirms the
mutually beneficial relationship we have with our customer and
positions Indiana Harbor favorably for the future."
FIRST QUARTER CONSOLIDATED RESULTS
|
Three Months Ended
March 31,
|
|
(Dollars in
millions)
|
2023
|
|
2022
|
|
Increase
(decrease)
|
|
Revenues
|
$
487.8
|
|
$
439.8
|
|
$
48.0
|
|
Net income attributable
to SXC
|
$
16.3
|
|
$
29.5
|
|
$
(13.2)
|
|
Adjusted
EBITDA(1)
|
$
67.1
|
|
$
83.8
|
|
$
(16.7)
|
|
(1) See
definition of Adjusted EBITDA and reconciliation elsewhere in this
release.
|
Revenues in the first quarter of 2023 increased $48.0 million as compared to the same prior year
period, primarily reflecting the pass-through of higher coal
prices.
Net income attributable to SXC decreased $13.2 million from the same prior year period,
primarily driven by lower contribution margin on export coke sales,
with timing of non-contracted blast coke sales also impacting
results.
Adjusted EBITDA decreased $16.7
million as compared to the same prior year period, primarily
driven by lower contribution margin on export coke sales, with
timing of non-contracted blast coke sales also impacting
results.
FIRST QUARTER SEGMENT RESULTS
Domestic Coke
Domestic Coke consists of cokemaking facilities and heat
recovery operations at our Jewell, Indiana Harbor, Haverhill,
Granite City and Middletown plants.
|
Three Months Ended
March 31,
|
|
(Dollars in
millions, except per ton amounts)
|
2023
|
|
2022
|
|
Increase
(decrease)
|
|
Revenues
|
$
458.8
|
|
$
411.6
|
|
$
47.2
|
|
Adjusted
EBITDA(1)
|
$
60.4
|
|
$
76.0
|
|
$
(15.6)
|
|
Sales volumes
(thousands of tons)
|
950
|
|
962
|
|
(12)
|
|
Adjusted EBITDA per
ton(2)
|
$
63.58
|
|
$
79.00
|
|
$
(15.42)
|
|
(1) See
definition of Adjusted EBITDA and reconciliation elsewhere in this
release.
|
|
(2) Reflects
Domestic Coke Adjusted EBITDA divided by Domestic Coke sales
volumes.
|
Revenues increased $47.2 million
as compared to the same prior year period primarily reflecting the
pass-through of higher coal prices.
Adjusted EBITDA decreased $15.6
million as compared to the same prior year period primarily
due to lower contribution margin on export coke sales, with timing
of non-contracted blast coke sales also impacting results.
Logistics
Logistics consists of the handling and mixing services of coal
and other aggregates at our Convent Marine Terminal ("CMT"), Lake
Terminal, and Kanawha River Terminals ("KRT").
|
Three Months Ended
March 31,
|
|
(Dollars in
millions, except per ton amounts)
|
2023
|
|
2022
|
|
Increase
(decrease)
|
|
Revenues
|
$
21.1
|
|
$
18.8
|
|
$
2.3
|
|
Intersegment
sales
|
$
6.2
|
|
$
7.5
|
|
$
(1.3)
|
|
Adjusted
EBITDA(1)
|
$
13.5
|
|
$
12.6
|
|
$
0.9
|
|
Tons handled (thousands
of tons)(2)
|
5,309
|
|
5,236
|
|
73
|
|
(1) See
definition of Adjusted EBITDA and reconciliation elsewhere in this
release.
|
|
(2) Reflects
inbound tons handled during the period.
|
Revenues and Adjusted EBITDA increased by $2.3 million and $0.9
million, respectively, as compared to the same prior year
period primarily driven by higher transloading volumes at CMT.
Brazil Coke
Brazil Coke consists of a cokemaking facility in Vitória,
Brazil, which we operate for an
affiliate of ArcelorMittal.
Revenues were $7.9 million during
the first quarter 2023, which were lower than revenues of
$9.4 million in the first quarter
2022. Adjusted EBITDA was $2.4
million during the first quarter 2023, which was lower than
Adjusted EBITDA of $4.2 million
in the first quarter 2022. The decreases were primarily driven by
the absence of technology fees which expired at the end of 2022, as
well as the absence of production bonuses for meeting certain
volume targets.
Corporate and Other
Corporate and other expenses, which include activity from our
legacy coal mining business, was $9.2
million during the first quarter 2023, which which was
comparable to expense of $9.0 million
during the first quarter 2022.
2023 OUTLOOK
Our 2023 guidance is as follows:
- Domestic Coke total production is expected to be approximately
4.0 million tons
- Consolidated Net Income is expected to be between $59 million and $76
million
- Consolidated Adjusted EBITDA is expected to be between
$250 million and $265 million
- Capital expenditures are projected to be approximately
$95 million
- Operating cash flow is estimated to be between $200 million to $215
million
- Cash taxes are projected to be between $12 million to $16
million
RELATED COMMUNICATIONS
We will host our quarterly earnings call at 11:00 a.m.
Eastern Time (10:00 a.m. Central
Time) today. The conference call will be webcast live and
archived for replay in the Investors section
of www.suncoke.com. Investors and analysts may participate in
this call by dialing 1-833-470-1428 in the U.S. or 1-404-975-4839
if outside the U.S., access code 319343.
SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to
domestic and international customers. Our coke is used in the blast
furnace production of steel as well as the foundry production of
casted iron, with the majority of sales under long-term,
take-or-pay contracts. We also export coke to overseas customers
seeking high-quality product for their blast furnaces. Our process
utilizes an innovative heat-recovery technology that captures
excess heat for steam or electrical power generation and draws upon
more than 60 years of cokemaking experience to operate our
facilities in Illinois,
Indiana, Ohio, Virginia and Brazil. Our logistics business provides export
and domestic material handling services to coke, coal, steel, power
and other bulk customers. The logistics terminals have the
collective capacity to mix and transload more than 40 million tons
of material each year and are strategically located to reach Gulf
Coast, East Coast, Great Lakes and international ports. To learn
more about SunCoke Energy, Inc., visit our website at
www.suncoke.com.
SunCoke routinely announces material information to investors
and the marketplace using press releases, Securities and Exchange
Commission filings, public conference calls, webcasts and SunCoke's
website at http://www.suncoke.com/English/investors/sxc. The
information that SunCoke posts to its website may be deemed to be
material. Accordingly, SunCoke encourages investors and others
interested in SunCoke to routinely monitor and review the
information that SunCoke posts on its website, in addition to
following SunCoke's press releases, Securities and Exchange
Commission filings and public conference calls and webcasts.
NON-GAAP FINANCIAL MEASURES
In addition to U.S. GAAP measures, this press release contains
certain non-GAAP financial measures. These non-GAAP financial
measures should not be considered as alternatives to the measures
derived in accordance with U.S. GAAP. Non-GAAP financial measures
have important limitations as analytical tools, and you should not
consider them in isolation or as substitutes for results as
reported under U.S. GAAP. Additionally, other companies may
calculate non-GAAP metrics differently than we do, thereby limiting
their usefulness as a comparative measure. Because of these and
other limitations, you should consider our non-GAAP measures only
as supplemental to other U.S. GAAP-based financial performance
measures, including revenues and net income. Reconciliations
to the most comparable GAAP financial measures are included
following the presentation of financial and operating results
included at the end of this press release.
DEFINITIONS
- Adjusted EBITDA represents earnings before interest,
taxes, depreciation and amortization ("EBITDA"), adjusted for any
impairments, restructuring costs, gains or losses on extinguishment
of debt, and/or transaction costs ("Adjusted EBITDA"). EBITDA and
Adjusted EBITDA do not represent and should not be considered
alternatives to net income or operating income under GAAP and may
not be comparable to other similarly titled measures in other
businesses. Management believes Adjusted EBITDA is an important
measure in assessing operating performance. Adjusted EBITDA
provides useful information to investors because it highlights
trends in our business that may not otherwise be apparent when
relying solely on GAAP measures and because it eliminates items
that have less bearing on our operating performance. EBITDA and
Adjusted EBITDA are not measures calculated in accordance with
GAAP, and they should not be considered a substitute for net
income, or any other measure of financial performance presented in
accordance with GAAP.
- Adjusted EBITDA attributable to SXC represents Adjusted
EBITDA less Adjusted EBITDA attributable to noncontrolling
interests.
FORWARD-LOOKING STATEMENTS
This press release and related conference call contain
"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 often 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. However, the absence of these words or similar
expressions does not mean that a statement is not forward-looking.
Any statements made in this press release or during the related
conference call that are not statements of historical fact,
including statements about our full-year 2023 guidance, our ability
to execute on our 2023 objectives, the timing and anticipated
expenses of completing the foundry expansion project, the ability
of our domestic coke plants to continue to operate at full
capacity, and our export coke market expectations, are
forward-looking statements and should be evaluated as such.
Forward-looking statements represent only our beliefs regarding
future events, many of which are inherently uncertain and involve
significant known and unknown risks and uncertainties (many of
which are beyond the control of SunCoke) that could cause our
actual results and financial condition to differ materially from
the anticipated results and financial condition indicated in such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks and uncertainties described in
Item 1A ("Risk Factors") of our Annual Report on Form 10-K for the
most recently completed fiscal year, as well as those described
from time to time in our other reports and filings with the
Securities and Exchange Commission (SEC).
In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, SunCoke 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 SunCoke. For information concerning these factors and other
important information regarding the matters discussed in this press
release and related conference call, see SunCoke's Securities and
Exchange Commission filings, copies of which are available free of
charge on SunCoke's website at www.suncoke.com or on the SEC's
website at www.sec.gov. All forward-looking statements
included in this press release and related conference call are
expressly qualified in their entirety by such cautionary
statements. Unpredictable or unknown factors not discussed in
this press release and related conference call also could have
material adverse effects on forward-looking statements.
Forward-looking statements are not guarantees of future
performance, but are based upon the current knowledge, beliefs and
expectations of SunCoke management, and upon assumptions by SunCoke
concerning future conditions, any or all of which ultimately may
prove to be inaccurate. You should not place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. SunCoke 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.
|
SunCoke Energy,
Inc.
Consolidated
Statements of Income
(Unaudited)
|
|
|
|
Three Months Ended
March 31,
|
|
|
2023
|
|
2022
|
|
|
|
|
|
|
|
(Dollars and shares in millions,
except per share amounts)
|
|
Revenues
|
|
|
|
|
|
Sales and other
operating revenue
|
|
$
487.8
|
|
$
439.8
|
|
Costs and operating
expenses
|
|
|
|
|
|
Cost of products sold
and operating expenses
|
|
402.0
|
|
338.0
|
|
Selling, general and
administrative expenses
|
|
18.8
|
|
18.0
|
|
Depreciation and
amortization expense
|
|
35.3
|
|
35.2
|
|
Total costs and
operating expenses
|
|
456.1
|
|
391.2
|
|
Operating
income
|
|
31.7
|
|
48.6
|
|
Interest expense,
net
|
|
7.2
|
|
8.0
|
|
Income before income
tax expense
|
|
24.5
|
|
40.6
|
|
Income tax
expense
|
|
6.8
|
|
10.0
|
|
Net income
|
|
17.7
|
|
30.6
|
|
Less: Net income
attributable to noncontrolling interests
|
|
1.4
|
|
1.1
|
|
Net income
attributable to SunCoke Energy, Inc.
|
|
$
16.3
|
|
$
29.5
|
|
Earnings attributable
to SunCoke Energy, Inc. per common share:
|
|
|
|
|
|
Basic
|
|
$
0.19
|
|
$
0.35
|
|
Diluted
|
|
$
0.19
|
|
$
0.35
|
|
Weighted average number
of common shares outstanding:
|
|
|
|
|
|
Basic
|
|
84.5
|
|
83.2
|
|
Diluted
|
|
84.9
|
|
84.2
|
|
SunCoke Energy,
Inc.
Consolidated Balance
Sheets
|
|
|
|
March 31,
2023
|
|
December 31,
2022
|
|
|
(Unaudited)
|
|
|
|
|
(Dollars in
millions, except
par value
amounts)
|
|
Assets
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
83.3
|
|
$
90.0
|
|
Receivables,
net
|
|
81.2
|
|
104.8
|
|
Inventories
|
|
234.8
|
|
175.2
|
|
Other current
assets
|
|
10.5
|
|
4.0
|
|
Total current
assets
|
|
409.8
|
|
374.0
|
|
Properties, plants and
equipment (net of accumulated depreciation of $1,310.3
million and $1,276.0 million at March 31, 2023 and December
31, 2022,
respectively)
|
|
1,207.8
|
|
1,229.3
|
|
Intangible assets,
net
|
|
32.7
|
|
33.2
|
|
Deferred charges and
other assets
|
|
19.0
|
|
18.1
|
|
Total assets
|
|
$
1,669.3
|
|
$
1,654.6
|
|
Liabilities and
Equity
|
|
|
|
|
|
Accounts
payable
|
|
$
172.7
|
|
$
159.3
|
|
Accrued
liabilities
|
|
45.6
|
|
60.8
|
|
Current portion of
financing obligation
|
|
3.4
|
|
3.3
|
|
Interest
payable
|
|
6.1
|
|
—
|
|
Income tax
payable
|
|
4.0
|
|
0.6
|
|
Total current
liabilities
|
|
231.8
|
|
224.0
|
|
Long-term debt and
financing obligation
|
|
528.4
|
|
528.9
|
|
Accrual for black lung
benefits
|
|
52.7
|
|
52.2
|
|
Retirement benefit
liabilities
|
|
15.9
|
|
16.4
|
|
Deferred income
taxes
|
|
175.1
|
|
172.3
|
|
Asset retirement
obligations
|
|
13.6
|
|
13.4
|
|
Other deferred credits
and liabilities
|
|
23.5
|
|
24.7
|
|
Total
liabilities
|
|
1,041.0
|
|
1,031.9
|
|
Equity
|
|
|
|
|
|
Preferred stock, $0.01
par value. Authorized 50,000,000 shares; no issued
shares at both March 31, 2023 and December 31,
2022
|
|
—
|
|
—
|
|
Common stock, $0.01 par
value. Authorized 300,000,000 shares; issued
99,124,637 and 98,815,780 shares at March 31, 2023 and
December 31,
2022, respectively
|
|
1.0
|
|
1.0
|
|
Treasury stock,
15,404,482 shares at both March 31, 2023 and December 31,
2022
|
|
(184.0)
|
|
(184.0)
|
|
Additional paid-in
capital
|
|
726.3
|
|
728.1
|
|
Accumulated other
comprehensive loss
|
|
(12.8)
|
|
(13.0)
|
|
Retained
earnings
|
|
63.0
|
|
53.5
|
|
Total SunCoke Energy,
Inc. stockholders' equity
|
|
593.5
|
|
585.6
|
|
Noncontrolling
interest
|
|
34.8
|
|
37.1
|
|
Total equity
|
|
628.3
|
|
622.7
|
|
Total liabilities and
equity
|
|
$
1,669.3
|
|
$
1,654.6
|
|
SunCoke Energy,
Inc.
Consolidated
Statements of Cash Flows
(Unaudited)
|
|
|
|
Three Months Ended
March 31,
|
|
|
2023
|
|
2022
|
|
|
|
|
|
|
|
(Dollars in
millions)
|
|
Cash Flows from
Operating Activities
|
|
|
|
|
|
Net income
|
|
$
17.7
|
|
$
30.6
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
Depreciation and
amortization expense
|
|
35.3
|
|
35.2
|
|
Deferred income tax
expense
|
|
2.8
|
|
5.3
|
|
Share-based
compensation expense
|
|
1.6
|
|
1.1
|
|
Changes in working
capital pertaining to operating activities:
|
|
|
|
|
|
Receivables,
net
|
|
23.3
|
|
(21.9)
|
|
Inventories
|
|
(59.0)
|
|
(66.9)
|
|
Accounts
payable
|
|
22.2
|
|
41.9
|
|
Accrued
liabilities
|
|
(15.3)
|
|
(3.9)
|
|
Interest
payable
|
|
6.1
|
|
6.1
|
|
Income
taxes
|
|
3.4
|
|
3.3
|
|
Other
|
|
(7.9)
|
|
(8.1)
|
|
Net cash provided by
operating activities
|
|
30.2
|
|
22.7
|
|
Cash Flows from
Investing Activities
|
|
|
|
|
|
Capital
expenditures
|
|
(22.6)
|
|
(12.9)
|
|
Other investing
activities
|
|
0.3
|
|
(0.1)
|
|
Net cash used in
investing activities
|
|
(22.3)
|
|
(13.0)
|
|
Cash Flows from
Financing Activities
|
|
|
|
|
|
Proceeds from revolving
facility
|
|
139.0
|
|
137.0
|
|
Repayment of revolving
facility
|
|
(139.0)
|
|
(122.0)
|
|
Repayment of financing
obligation
|
|
(0.8)
|
|
(0.8)
|
|
Dividends
paid
|
|
(6.7)
|
|
(5.0)
|
|
Cash distribution to
noncontrolling interests
|
|
(3.7)
|
|
(1.5)
|
|
Other financing
activities
|
|
(3.4)
|
|
(1.5)
|
|
Net cash (used in)
provided by financing activities
|
|
(14.6)
|
|
6.2
|
|
Net (decrease) increase
in cash and cash equivalents
|
|
(6.7)
|
|
15.9
|
|
Cash and cash
equivalents at beginning of period
|
|
90.0
|
|
63.8
|
|
Cash and cash
equivalents at end of period
|
|
$
83.3
|
|
$
79.7
|
|
Supplemental
Disclosure of Cash Flow Information
|
|
|
|
|
|
Interest
paid
|
|
$
0.5
|
|
$
0.9
|
|
Income taxes
paid
|
|
$
0.5
|
|
$
1.4
|
|
SunCoke Energy,
Inc.
Segment Financial
and Operating Data
|
|
|
The following tables
set forth financial and operating data for the three months ended
March 31, 2023 and 2022, respectively:
|
|
|
|
Three Months Ended
March 31,
|
|
|
2023
|
|
2022
|
|
|
|
|
|
|
|
(Dollars in
millions, except per ton amounts)
|
|
Sales and Other
Operating Revenues:
|
|
|
|
|
|
Domestic
Coke
|
|
$
458.8
|
|
$
411.6
|
|
Brazil Coke
|
|
7.9
|
|
9.4
|
|
Logistics
|
|
21.1
|
|
18.8
|
|
Logistics intersegment
sales
|
|
6.2
|
|
7.5
|
|
Elimination of
intersegment sales
|
|
(6.2)
|
|
(7.5)
|
|
Total sales and other
operating revenues
|
|
$
487.8
|
|
$
439.8
|
|
Adjusted
EBITDA(1):
|
|
|
|
|
|
Domestic
Coke
|
|
$
60.4
|
|
$
76.0
|
|
Brazil Coke
|
|
2.4
|
|
4.2
|
|
Logistics
|
|
13.5
|
|
12.6
|
|
Corporate and Other,
net
|
|
(9.2)
|
|
(9.0)
|
|
Total Adjusted
EBITDA
|
|
$
67.1
|
|
$
83.8
|
|
Coke Operating
Data:
|
|
|
|
|
|
Domestic Coke capacity
utilization(2)
|
|
100 %
|
|
99 %
|
|
Domestic Coke
production volumes (thousands of tons)
|
|
994
|
|
975
|
|
Domestic Coke sales
volumes (thousands of tons)
|
|
950
|
|
962
|
|
Domestic Coke Adjusted
EBITDA per ton(3)
|
|
$
63.58
|
|
$
79.00
|
|
Brazilian Coke
production—operated facility (thousands of tons)
|
|
398
|
|
419
|
|
Logistics Operating
Data:
|
|
|
|
|
|
Tons handled
(thousands of tons)
|
|
5,309
|
|
5,236
|
|
(1)
|
See definition of
Adjusted EBITDA and reconciliation to GAAP elsewhere in this
release.
|
|
(2)
|
The production of
foundry coke tons does not replace blast furnace coke tons on a ton
for ton basis, as foundry coke requires longer coking time. The
Domestic Coke capacity utilization is calculated assuming a single
ton of foundry coke replaces approximately two tons of blast
furnace coke.
|
|
(3)
|
Reflects Domestic Coke
Adjusted EBITDA divided by Domestic Coke sales volumes.
|
|
SunCoke Energy,
Inc.
Reconciliation of
Non-GAAP Information
Net Income to
Adjusted EBITDA
|
|
|
|
Three Months Ended
March 31,
|
|
|
2023
|
|
2022
|
|
|
(Dollars in
millions)
|
|
Net income
attributable to SunCoke Energy, Inc.
|
|
$
16.3
|
|
$
29.5
|
|
Add: Net income
attributable to noncontrolling interests
|
|
1.4
|
|
1.1
|
|
Net
income
|
|
$
17.7
|
|
$
30.6
|
|
Add:
|
|
|
|
|
|
Depreciation and
amortization expense
|
|
35.3
|
|
35.2
|
|
Interest expense,
net
|
|
7.2
|
|
8.0
|
|
Income tax
expense
|
|
6.8
|
|
10.0
|
|
Transaction
costs(1)
|
|
0.1
|
|
—
|
|
Adjusted
EBITDA
|
|
$
67.1
|
|
$
83.8
|
|
Subtract: Adjusted
EBITDA attributable to noncontrolling
interests(2)
|
|
2.5
|
|
2.1
|
|
Adjusted EBITDA
attributable to SunCoke Energy, Inc.
|
|
$
64.6
|
|
$
81.7
|
|
(1) Costs
incurred as part of the granulated pig iron project with U.S.
Steel.
|
|
(2) Reflects
noncontrolling interest in Indiana Harbor.
|
|
SunCoke Energy,
Inc.
Reconciliation of
Non-GAAP Information
Estimated 2023 Net
Income
to Estimated
Consolidated Adjusted EBITDA
|
|
|
|
2023
|
|
|
Low
|
|
High
|
|
|
(Dollars in
millions)
|
|
Net
income
|
|
$
59
|
|
$
76
|
|
Add:
|
|
|
|
|
|
Depreciation and
amortization expense
|
|
136
|
|
132
|
|
Interest expense,
net
|
|
31
|
|
29
|
|
Income tax
expense
|
|
24
|
|
28
|
|
Adjusted
EBITDA
|
|
$
250
|
|
$
265
|
|
Subtract: Adjusted
EBITDA attributable to noncontrolling
interest(1)
|
|
9
|
|
9
|
|
Adjusted EBITDA
attributable to SunCoke Energy, Inc.
|
|
$
241
|
|
$
256
|
|
(1) Reflects
noncontrolling interest in Indiana Harbor.
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/suncoke-energy-inc-reports-first-quarter-2023-results-301815057.html
SOURCE SunCoke Energy, Inc.