SunCoke Energy Inc

NYSE:SXCUnited States

Oct 31, 2024

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• SunCoke Energy, Inc. Reports Third Quarter 2024 Results, from 7:00AM ET on Thursday Oct 31, 2024 by Dow Jones

  7:00AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: SXC
  intersegment sales (6.0) (5.6) (17.8) (16.9) ----- --- ----- --- ------- --- ------- Total sales and other operating revenues $490.1 $520.4 $1,449.4 $1,542.6 ===== ==== ===== ==== ======= ==== ======= === Adjusted EBITDA: Domestic Coke $ 58.1 $ 64.0 $ 177.4 $ 192.6 Brazil Coke 2.5 2.2 7.4 6.9 Logistics 13.7 8.4 38.9 33.6 Corporate and Other, net(1) 1.0 (9.2) (17.0) (26.6) ----- ---- ----- --- ------- --- ------- Total Adjusted EBITDA(2) $ 75.3 $ 65.4 $ 206.7 $ 206.5 ===== ==== ===== ==== ======= ==== ======= === Coke Operating Data: Domestic Coke capacity utilization(3) 102% 102% 100% 101% Domestic Coke production volumes (thousands of tons) 1,031 1,032 3,009 3,024 Domestic Coke sales volumes (thousands of tons) 1,027 1,016 2,996 3,009 Domestic Coke Adjusted EBITDA per ton(4) $56.57 $62.99 $ 59.21 $ 64.01 Brazilian Coke production--operated facility (thousands of tons) 423 381 1,191 1,175 Logistics Operating Data: Tons handled (thousands of tons) 5,843 4,961 17,277 15,461 (1) Corporate and Other, net is not a reportable segment. (2) See definition of Adjusted EBITDA and reconciliation to GAAP elsewhere in this release. (3) 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. (4) Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes. SunCoke Energy, Inc. Reconciliation of Non-GAAP Information Net Income to Consolidated Adjusted EBITDA Three Months Ended Nine Months Ended September 30, September 30, --------------------------- ----------------------- 2024 2023 2024 2023 ------------ ------------- ---------- ----------- (Dollars in millions) Net income $ 33.3 $ 8.5 $ 77.7 $ 48.2 Add: Depreciation and amortization expense 28.1 35.5 90.1 107.2 Interest expense, net 5.7 6.6 17.8 21.0 Income tax expense 8.2 14.6 20.9 29.7 Transaction costs(1) -- 0.2 0.2 0.4 ----- ----- --------- --- ----- ------- Adjusted EBITDA $ 75.3 $ 65.4 $ 206.7 $ 206.5 ----- ----- --------- --- ----- ------- (1) Costs incurred as part of the granulated pig iron project with U.S. Steel. SunCoke Energy, Inc. Reconciliation of Non-GAAP Information Estimated 2024 Net Income to Estimated 2024 Consolidated Adjusted EBITDA 2024 --------------------------- Low High (Dollars in millions) Net income $ 85 $ 97 Add: Depreciation and amortization expense 122 118 Interest expense, net 28 26 Income tax expense 25 29 --- -------- --- ------- Adjusted EBITDA $ 260 $ 270 === ======== === =======
  

• *DJ SunCoke Energy 3Q EPS 36c >SXC, from 7:00AM ET on Thursday Oct 31, 2024 by Dow Jones

  7:00AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: SXC

• SunCoke Energy, Inc. Declares Cash Dividend, from 6:55AM ET on Thursday Oct 31, 2024 by Dow Jones

  6:55AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: SXC
  
  SunCoke Energy, Inc. Declares Cash Dividend
  LISLE, Ill.--(BUSINESS WIRE)--October 31, 2024--
  Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors declared a cash dividend of $0.12 per share of the Company's common stock to be paid on December 2, 2024 to stockholders of record at the close of business on November 14, 2024.
  

• Press Release: SunCoke Energy, Inc. Declares Cash Dividend, from 6:55AM ET on Thursday Oct 31, 2024 by Dow Jones

  6:55AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: SXC