SUNCOKE ENERGY, INC. REPORTS SECOND QUARTER 2024 RESULTS LISLE, Ill. (July 31, 2024) - SunCoke Energy, Inc. (NYSE: SXC) today reported second quarter 2024 results, reflecting strong performance from our cokemaking and logistics segments. "Our cokemaking and logistics segments continued to perform well during the second quarter. Our domestic coke plants continued running at full capacity, and our logistics segment continued to deliver strong results, handling 6 million tons during the quarter," said Katherin ...

Financial Data and Key Metrics Changes - The company reported consolidated adjusted EBITDA of $67.9 million for Q1 2024, an increase from $67.1 million in Q1 2023, primarily driven by higher blast coke sales volumes and increased logistics terminal volumes [5][13] - Net income attributable to the company was $0.23 per share, up $0.04 compared to the prior year period [13] - The company ended Q1 2024 with a strong liquidity position of $470.1 million and gross leverage of approximately 1.86x on a trailing 12-month adjusted EBITDA basis [5][7] Business Line Data and Key Metrics Changes - Domestic coke adjusted EBITDA was $61.4 million with sales volumes of 996,000 tons, supported by full capacity operations and higher blast coke sales volumes [6] - The logistics segment generated $13 million of adjusted EBITDA, slightly down from $13.5 million in Q1 2023, with throughput volumes at domestic terminals reaching 5.5 million tons, marking the best quarter in five years [12][32] Market Data and Key Metrics Changes - The North American blast furnace coke market is estimated to produce around 8.5 million to 10 million tons, with the company holding approximately 30% to 40% of the market based on contracted volumes [62][66] - The company expects to maintain its logistics full-year 2024 adjusted EBITDA and volume guidance, which remains unchanged despite market volatility [14][30] Company Strategy and Development Direction - The company is focused on a balanced yet opportunistic approach to capital allocation, with ongoing development of the Granite City GPI project [8] - The management emphasized the importance of safety and environmental performance as central to delivering high-quality coke and logistics services [15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term need for existing coke fleet assets, despite market changes and customer transitions to DRI [36] - The company reaffirmed its full-year adjusted EBITDA guidance range of $240 million to $255 million, indicating a strong start to the year [34] Other Important Information - The company paid $9 million in dividends at a rate of $0.10 per share and spent $15.5 million on capital expenditures during the quarter [7] - The company is actively evaluating capital needs and shareholder rewards as part of its capital allocation strategy [8] Q&A Session Summary Question: Long-term outlook for utilization rates and customer transitions - Management noted that the contract with Cliffs runs through the end of 2032 and emphasized confidence in the existing coke fleet's long-term demand [36] Question: Update on logistics segment performance - Management confirmed that Q1 was the best quarter in five years for domestic terminals, driven by increased shipments due to port congestion [28][32] Question: Insights on the Granite City GPI project - Management stated that detailed engineering for the GPI project is ongoing and they are working closely with U.S. Steel [40] Question: Market size and competitive landscape - The North American blast furnace coke market is stable, with the company maintaining a competitive position despite changes in the market [62][64] Question: Spot coke sales opportunities - Management indicated that they do not separately discuss spot blast furnace coke but confirmed that the overall market dynamics remain unchanged [72]

Financial Performance - SunCoke Energy, Inc. reported revenues of $488.4 million for Q1 2024, a slight increase of 0.1% compared to $487.8 million in Q1 2023[18]. - The net income attributable to SunCoke Energy, Inc. was $20.0 million in Q1 2024, representing a 22.7% increase from $16.3 million in Q1 2023[18]. - Operating income rose to $34.5 million in Q1 2024, up 9.0% from $31.7 million in Q1 2023[18]. - The company’s basic earnings per share increased to $0.24 in Q1 2024, compared to $0.19 in Q1 2023, reflecting a 26.3% growth[18]. - Net income for Q1 2024 was $21.1 million, up from $17.7 million in Q1 2023, representing an increase of 19.3%[82]. - Adjusted EBITDA for Q1 2024 was $67.9 million, compared to $67.1 million in Q1 2023, reflecting a year-over-year increase of 1.2%[91]. Assets and Liabilities - Total current assets increased to $431.4 million as of March 31, 2024, compared to $416.8 million at the end of 2023[22]. - Cash and cash equivalents decreased to $120.1 million at the end of Q1 2024, down from $140.1 million at the end of 2023[22]. - Total liabilities decreased to $1,000.1 million as of March 31, 2024, from $1,014.9 million at the end of 2023[22]. - The company’s total equity increased to $653.2 million as of March 31, 2024, compared to $645.5 million at the end of 2023[22]. - Total accrued liabilities decreased to $39.6 million as of March 31, 2024, from $51.7 million at the end of 2023[41]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $10.0 million in Q1 2024, a significant decrease from $30.2 million in Q1 2023[25]. - Capital expenditures for Q1 2024 were $15.5 million, down from $22.6 million in Q1 2023[25]. - Total capital expenditures for the three months ended March 31, 2024, were $15.5 million, a decrease of 31.4% from $22.6 million in the same period of 2023[124]. - Ongoing capital expenditures were $14.5 million for the three months ended March 31, 2024, compared to $21.7 million in the prior year[124]. - Expansion capital expenditures increased slightly to $1.0 million in Q1 2024 from $0.9 million in Q1 2023[124]. Segment Performance - Domestic Coke segment revenue was $459.5 million in Q1 2024, slightly up from $458.8 million in Q1 2023[80]. - Brazil Coke segment revenue increased to $8.3 million in Q1 2024 from $7.9 million in Q1 2023[80]. - Logistics segment revenue decreased to $20.6 million in Q1 2024 from $21.1 million in Q1 2023[80]. - Domestic Coke segment sales increased to $459.5 million, up from $458.8 million, with production volumes rising to 1,000 thousand tons, a 6% increase year-over-year[104]. - Brazil Coke segment reported sales of $8.3 million, consistent with the prior year, while Adjusted EBITDA remained at $2.4 million[106]. - Logistics segment sales decreased to $20.6 million from $21.1 million, with Adjusted EBITDA dropping to $13.0 million from $13.5 million[105]. Compliance and Debt - As of March 31, 2024, the company was in compliance with all applicable debt covenants and does not anticipate any violations[46]. - The company has a maximum consolidated net leverage ratio of 4.50:1.00 and a minimum consolidated interest coverage ratio of 2.50:1.00 under its debt agreements[44]. - As of March 31, 2023, total debt was $490.8 million, with $500 million in senior notes due 2029 and no outstanding balance on the revolving credit facility[42]. - The fair value of the Company's total debt was estimated to be $450.9 million at March 31, 2024, compared to a carrying amount of $500.0 million[67]. Other Financial Metrics - Effective tax rate decreased to 25.2% for the three months ended March 31, 2024, down from 27.8% in the same period of 2023[40]. - The company declared a cash dividend of $0.10 per share on February 1, 2024, and another on May 1, 2024, both reflecting a consistent dividend policy[120]. - The company has $96.3 million remaining available under its share repurchase program, which was authorized for a total cost not to exceed $100.0 million[136].

Forward-Looking Statements This presentation contains "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 absenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 1, 2024 Date of Report (date of earliest event reported) ___________________________________ SunCoke Energy, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State of Incorporation) 001-35243 (Commission File Num ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35243 SUNCOKE ENERGY, INC. (Exact name of Registrant as specified in its charter) Delaware 90-0640593 (State or oth ...

SunCoke Energy, Inc. (NYSE:SXC) Q4 2023 Earnings Conference Call February 1, 2024 11:00 AM ET Company Participants Shantanu Agrawal - VP, Finance and Treasurer Katherine Gates - President Mark Marinko - SVP and CFO Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Operator Hello, and welcome to today's SunCoke Energy Fourth Quarter 2023 Earnings Call. My name is Jordan, and I'll be coordinating your call today. [Operator Instructions] I'm now going to hand ...

Financial Data and Key Metrics Changes - The company reported consolidated adjusted EBITDA of $65.4 million for Q3 2023, a decrease of $18.3 million from the record results of Q3 2022 [43] - Net income attributable to SunCoke was $0.08 per share in Q3 2023, down $0.41 compared to the prior year period, primarily due to tax adjustments and lower contribution margins [41] - The company ended Q3 with a strong liquidity position of approximately $475.9 million and a gross leverage of approximately 1.91x on a trailing 12-month adjusted EBITDA basis [15][47] Business Line Data and Key Metrics Changes - Domestic Coke segment adjusted EBITDA was $64 million with sales volumes of 1,016,000 tons, driven by lower contribution margins on noncontracted blast coke sales [44] - The Logistics business generated $8.4 million of adjusted EBITDA and handled approximately 5 million tons of throughput, down from $12.9 million and 5.7 million tons in the prior year [46] Market Data and Key Metrics Changes - The company noted weaker demand impacting logistics terminal volumes and pricing during the quarter [14] - The API2 price adjustment is expected to recover in Q4, which may positively impact the Logistics segment [46] Company Strategy and Development Direction - The company continues to focus on safely executing its operating and capital plans for full utilization of its coke-making assets [49] - The foundry expansion project was completed on time and on budget, allowing the company to grow its foundry market participation [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the high end of the full year consolidated adjusted EBITDA guidance of $250 million to $265 million despite challenging market conditions [15] - Planned outages in Q4 are expected to impact adjusted EBITDA per ton but are already factored into the guidance [21] Other Important Information - The company announced a $0.10 per share dividend payable to shareholders on December 1, 2023 [15] - Tax law changes in the U.S. and Brazil impacted EPS, but management indicated this is a one-time event [29] Q&A Session Summary Question: What are the headwinds expected in Q4 that may lead to a sequential decline in EBITDA? - Management acknowledged planned outage work in Q4, which is factored into guidance, and noted that certain outages are largely expensed [8] Question: How do planned outages affect adjusted EBITDA per ton? - Management confirmed that planned outages lead to higher O&M costs, which do affect EBITDA per ton but are fully contemplated in the guidance [21] Question: What is the outlook for the Logistics business in Q4? - Management indicated that the API2 price adjustment is recovering, and they expect higher volumes in logistics [23] Question: What is the split between coal shipments and other shipments at CMT? - Management stated that most variability in shipments comes from coal, with the ancillary business remaining stable [26] Question: What is the expected CapEx for the fourth quarter? - Management confirmed that CapEx is expected to come in slightly above the guidance of $95 million due to inflationary pressures and preliminary engineering work on the GPI project [27][28]

[PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section presents the unaudited consolidated financial statements, management's discussion and analysis, market risk disclosures, and controls and procedures [Consolidated Financial Statements](index=6&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Q3 2023 and 2022, including income, balance sheets, cash flows, and equity, with detailed notes Consolidated Statements of Income (Unaudited) | | Three Months Ended Sep 30, | | Nine Months Ended Sep 30, | | :--- | :--- | :--- | :--- | :--- | | **(In millions)** | **2023** | **2022** | **2023** | **2022** | | Sales and other operating revenue | $520.4 | $516.8 | $1,542.6 | $1,458.5 | | Operating income | $29.7 | $47.6 | $98.9 | $130.7 | | Net income | $8.5 | $42.5 | $48.2 | $92.1 | | Net income attributable to SunCoke Energy, Inc. | $7.0 | $41.4 | $43.7 | $88.9 | | Diluted EPS | $0.08 | $0.49 | $0.51 | $1.05 | Consolidated Balance Sheets Highlights (Unaudited) | | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **(In millions)** | | | | **Assets** | | | | Cash and cash equivalents | $125.9 | $90.0 | | Total current assets | $421.3 | $374.0 | | Total assets | $1,679.2 | $1,654.6 | | **Liabilities and Equity** | | | | Total current liabilities | $250.9 | $224.0 | | Long-term debt and financing obligation | $489.8 | $528.9 | | Total liabilities | $1,037.4 | $1,031.9 | | Total equity | $641.8 | $622.7 | Consolidated Statements of Cash Flows (Unaudited) | | Nine Months Ended Sep 30, | | :--- | :--- | :--- | | **(In millions)** | **2023** | **2022** | | Net cash provided by operating activities | $192.6 | $120.6 | | Net cash used in investing activities | $(85.4) | $(52.1) | | Net cash used in financing activities | $(71.3) | $(73.0) | | Net increase (decrease) in cash and cash equivalents | $35.9 | $(4.5) | [General](index=13&type=section&id=1.%20General) SunCoke Energy, the largest independent coke producer in the Americas, operates U.S. and Brazilian facilities, plus a logistics business - The company is the largest independent producer of high-quality coke in the Americas, with a U.S. nameplate capacity of approximately **4.2 million tons per year** and operates a facility in Brazil with **1.7 million tons of capacity**[35](index=35&type=chunk) - The logistics business has the capacity to mix and/or transload over **40 million tons of coal and other aggregates annually**[36](index=36&type=chunk) [Inventories](index=13&type=section&id=2.%20Inventories) Total inventories increased to $206.8 million as of September 30, 2023, from $175.2 million at December 31, 2022, primarily driven by an increase in coal inventories Components of Inventories | | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **(In millions)** | | | | Coal | $127.8 | $109.4 | | Coke | $21.5 | $14.3 | | Materials, supplies and other | $57.5 | $51.5 | | **Total inventories** | **$206.8** | **$175.2** | [Income Taxes](index=14&type=section&id=4.%20Income%20Taxes) The effective tax rate significantly increased to 63.2% in Q3 2023 due to an $8.5 million valuation allowance on foreign tax credit carryforwards - In Q3 2023, the company established an **$8.5 million valuation allowance** on deferred tax assets related to foreign tax credit carryforwards, partially reversing an **$11.3 million valuation allowance** released in Q3 2022[42](index=42&type=chunk) - New Brazilian legislation aligning transfer pricing with OECD guidelines will make Brazilian taxes creditable in the U.S. from 2024, limiting the utilization of prior years' foreign tax credit carryforwards[43](index=43&type=chunk) Effective Tax Rate | | Three Months Ended Sep 30, | Nine Months Ended Sep 30, | | :--- | :--- | :--- | :--- | :--- | | | **2023** | **2022** | **2023** | **2022** | | Effective tax rate | 63.2% | (7.3)% | 38.1% | 13.4% | [Debt and Financing Obligation](index=15&type=section&id=6.%20Debt%20and%20Financing%20Obligation) As of September 30, 2023, total debt and financing obligation was $496.1 million, down from $532.2 million at year-end 2022, with no outstanding balance on its $350.0 million Revolving Facility Total Debt and Financing Obligation | | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **(In millions)** | | | | 4.875% Senior Notes, due 2029 | $500.0 | $500.0 | | Revolving Facility, due 2026 | $0.0 | $35.0 | | Total borrowings | $506.3 | $543.8 | | **Total debt and financing obligation** | **$496.1** | **$532.2** | - As of September 30, 2023, the Revolving Facility had **no outstanding balance**, with **$350.0 million available**[48](index=48&type=chunk) - The company was in compliance with all applicable debt covenants as of September 30, 2023[51](index=51&type=chunk) [Commitments and Contingent Liabilities](index=16&type=section&id=7.%20Commitments%20and%20Contingent%20Liabilities) The company faces legal and black lung liabilities, with a **$60.0 million** black lung liability and a potential **$40.4 million** collateral requirement from the U.S. Department of Labor - The black lung liability was **$60.0 million** at September 30, 2023[55](index=55&type=chunk) - The U.S. Department of Labor requires **$40.4 million** in collateral to self-insure black lung obligations, a substantial increase from the current **$8.4 million**, which the company has appealed[58](index=58&type=chunk) [Revenue from Contracts with Customers](index=20&type=section&id=11.%20Revenue%20from%20Contracts%20with%20Customers) Revenue is primarily generated from long-term, take-or-pay cokemaking contracts and logistics services, with Cliffs Steel and U.S. Steel as major customers - As of September 30, 2023, coke sales agreements have approximately **22.7 million tons** of unsatisfied performance obligations, expected to be delivered over a weighted average remaining contract term of about **ten years**[76](index=76&type=chunk) Disaggregated Sales by Customer (Nine Months Ended Sep 30) | | 2023 | 2022 | | :--- | :--- | :--- | | **(In millions)** | | | | Cliffs Steel | $1,000.8 | $861.4 | | U.S. Steel | $230.4 | $209.8 | | Other | $311.4 | $387.3 | | **Total** | **$1,542.6** | **$1,458.5** | [Business Segment Information](index=21&type=section&id=12.%20Business%20Segment%20Information) The company operates three segments: Domestic Coke, Brazil Coke, and Logistics, with total Adjusted EBITDA for reportable segments at **$233.1 million** for the nine months ended September 30, 2023 Adjusted EBITDA by Reportable Segment (Nine Months Ended Sep 30) | | 2023 | 2022 | | :--- | :--- | :--- | | **(In millions)** | | | | Domestic Coke | $192.6 | $216.9 | | Brazil Coke | $6.9 | $11.4 | | Logistics | $33.6 | $38.0 | | **Total Adjusted EBITDA reportable segments** | **$233.1** | **$266.3** | Reconciliation of Adjusted EBITDA to Net Income (Nine Months Ended Sep 30, 2023) | | Amount (in millions) | | :--- | :--- | | Net income | $48.2 | | Add: | | | Depreciation and amortization expense | $107.2 | | Interest expense, net | $21.0 | | Income tax expense (benefit) | $29.7 | | Transaction costs | $0.4 | | Corporate and Other expenses | $26.6 | | **Adjusted EBITDA reportable segments** | **$233.1** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 2023 financial results, noting impacts from lower coke margins, unfavorable energy pricing, and reduced logistics volumes, while highlighting strong liquidity and contract extension Third Quarter Key Financial Results | | Three Months Ended Sep 30, | Nine Months Ended Sep 30, | | :--- | :--- | :--- | :--- | :--- | | **(In millions)** | **2023** | **2022** | **2023** | **2022** | | Net income | $8.5 | $42.5 | $48.2 | $92.1 | | Adjusted EBITDA | $65.4 | $83.7 | $206.5 | $238.8 | - Operating results were primarily impacted by lower margins on non-contracted blast coke sales, unfavorable energy pricing at the Haverhill facility, and lower transloading volumes in the Logistics segment[101](index=101&type=chunk) - In April 2023, the Indiana Harbor take-or-pay agreement with Cliffs Steel was extended to September 30, 2035, continuing the supply of **1,220 thousand tons annually**[102](index=102&type=chunk) - Net cash from operating activities increased by **$72.0 million** to **$192.6 million** for the nine months ended Sep 30, 2023, mainly due to favorable changes in working capital[127](index=127&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company states that there have been no material changes to its exposure to market risk as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2022 - There have been no material changes to the Company's exposure to market risk from what was disclosed in the 2022 Annual Report on Form 10-K[136](index=136&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures were effective as of September 30, 2023, with no material changes in internal control over financial reporting during the quarter - The CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of the end of the period covered by this report[140](index=140&type=chunk) - There have been no changes in the Company's internal control over financial reporting that materially affected, or are reasonably likely to materially affect, internal controls during the quarter ended September 30, 2023[141](index=141&type=chunk) [PART II – OTHER INFORMATION](index=32&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, equity sales, defaults, mine safety disclosures, and a list of exhibits [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings) The company is party to various legal proceedings arising from its operations, with management believing any liabilities are not likely to have a material adverse impact - The company is involved in pending legal and administrative proceedings related to commercial disputes, employment claims, personal injury, and environmental claims[144](index=144&type=chunk) - Management believes that any liabilities arising from these matters would not likely be material to the company's consolidated financial position or results of operations[144](index=144&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022 - There have been no material changes with respect to risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2022[145](index=145&type=chunk) [Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company has a share repurchase program authorized for up to $100.0 million, with $96.3 million remaining available as of September 30, 2023, and no repurchases since Q1 2020 - As of September 30, 2023, **$96.3 million** remains available under the authorized **$100.0 million** share repurchase program[146](index=146&type=chunk) - No share repurchases have been made since the first quarter of 2020[146](index=146&type=chunk) [Defaults Upon Senior Securities](index=32&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None reported - None[147](index=147&type=chunk) [Mine Safety Disclosures](index=32&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Information regarding mine safety violations and other regulatory matters required under the Dodd-Frank Act is included in Exhibit 95.1 to this quarterly report - Information concerning mine safety violations is included in Exhibit 95.1 to this Quarterly Report on Form 10-Q[148](index=148&type=chunk) [Other Information](index=32&type=section&id=Item%205.%20Other%20Information) None reported - None[149](index=149&type=chunk) [Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, certifications, and financial statements in iXBRL format - The report includes a list of exhibits filed, such as corporate governance documents, CEO/CFO certifications, and financial data in iXBRL format[150](index=150&type=chunk)

(1) See appendix for a definition and reconciliation of Adjusted EBITDA (2) Coke Adjusted EBITDA includes Domestic Coke Adjusted EBITDA and Brazil Coke Adjusted EBITDA, combined (3) Q2 '23 Corporate and Other Adjusted EBITDA includes activity from our legacy coal mining business Coke segment up $2.3M, driven by favorable coal-to-coke yields and higher coke sales volumes due to timing, partially offset by lower contribution margin on non-contracted blast coke sales Logistics segment down $0.8M, primarily dri ...