SunCoke Energy (SXC)

[Timothy Smith]

SunCoke Energy (SXC -26.9%) plunges to 52-week lows after reporting an unexpected Q3 loss and revising its adjusted EBITDA outlook for the fiscal year.

SXC cited performance problems at its Indiana Harbor cokemaking facility, a ~$19M impairment to its equity method investment in the VISA SunCoke joint venture in India, the pass-through of lower coal costs in its domestic coke segment, and lower sales volumes.

SXC expects FY 2015 coke production of 4.1M-4.2M tons, adjusted EBITDA attributable to SXC of $185M-$190M, and 2015 distributable cash flow of $110M-$116M.