SunCoke Energy Q3 Profit Falls - Quick Facts

(RTTNews) - SunCoke Energy, Inc. (SXC) Friday reported a decrease in net income for the third-quarter, primarily due to weakness in its Coal Mining Segment and the attribution of income to SunCoke Energy Partners, L.P (SXCP) public unit holders.

Net income attributable to shareholders totaled $6.2 million or $0.09 per share, down from $31.6 million or $0.45 per share last year.

On average, seven analysts polled by Thomson Reuters expected the company to report earnings per share of $0.07 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA decreased to $50.7 million from $73.7 million, as a result of lower performance in its Coal Mining Segment and Indiana Harbor cokemaking facility as well as acquisition costs, the company said.

Revenues decreased 18.7 percent to $390.5 million, from prior year's $480.5 million. Analysts expected the company to generate revenues of $408.48 million.

For the full-year, the company said it expects earnings per share attributable to SXC to be between $0.35 and $0.55, reflecting the impact of public ownership in SXCP. Analysts expect the company to report earnings of $0.41 for the year.