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SunCoke Energy Inc. (NYSE: SXC) stands as the largest independent producer of high-quality metallurgical coke in the Americas, boasting over 45 years of production experience. Renowned for its heat recovery cokemaking technology, SunCoke meets or exceeds environmental standards while producing top-tier coke for the market.
The company operates through three primary segments: Domestic Coke, Brazil Coke, and Logistics. In the Domestic Coke segment, SunCoke runs facilities in Jewell, Indiana Harbor, Haverhill, Granite City, and Middletown, producing over 5 million tons of coke annually for integrated steelmakers using blast furnace technology. The Brazil Coke segment encompasses a facility in Vitória, Brazil, operated in partnership with ArcelorMittal. The Logistics segment handles and mixes coal and other aggregates at terminals like Convent Marine Terminal, Lake Terminal, and Kanawha River Terminals.
SunCoke’s innovative heat-recovery technology not only enhances coke quality but also captures excess heat for steam or electrical power generation. This technology, coupled with long-term, take-or-pay contracts, secures consistent revenue and operational stability.
Recently, SunCoke reported record second-quarter 2023 results, driven by strong performance in its cokemaking and logistics segments. The company's domestic coke plants operated at full capacity, delivering excellent results, while the logistics segment faced challenges due to weaker market conditions. SunCoke's financial strength is underscored by a 25% increase in quarterly dividends, reflecting confidence in its future performance.
SunCoke’s logistics business also plays a crucial role in the company’s operations, offering extensive export and domestic material handling services to coke, coal, steel, and other bulk customers. These terminals have the capacity to mix and transload more than 40 million tons of material annually, accessing Gulf Coast, East Coast, Great Lakes, and international ports.
For ongoing updates and detailed information, visit the SunCoke Energy website and follow their press releases, SEC filings, and public conference calls.
SunCoke Energy (SXC) reported strong Q3 2024 results with net income of $33.3 million, up from $8.5 million in the prior year. Net income attributable to SXC was $30.7 million ($0.36 per diluted share), compared to $7.0 million ($0.08 per diluted share) last year. Consolidated Adjusted EBITDA reached $75.3 million, up from $65.4 million.
The company received a DOL regulatory exemption, eliminating most legacy black lung liabilities for a $36.0 million payment, resulting in a $9.5 million gain. SXC extended its Granite City coke supply agreement with U.S. Steel through June 2025 and signed a new three-year coal handling agreement at Kanawha River Terminal. The company increased its 2024 Consolidated Adjusted EBITDA guidance to $260-270 million.
SunCoke Energy (NYSE: SXC) has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on December 2, 2024 to stockholders of record as of the close of business on November 14, 2024.
SunCoke Energy, Inc. (NYSE: SXC) has announced the date for its third quarter 2024 earnings release. The company plans to disclose its financial results on Thursday, October 31, 2024, before the New York Stock Exchange opens for trading. Following the release, SXC will host a quarterly earnings call at 11:00 am ET on the same day.
Investors and analysts can participate in the conference call by dialing 1-866-652-5200 in the U.S. or 1-412-902-6510 from outside the U.S. and requesting to join the SunCoke Energy, Inc call. The earnings call will also be webcast live and archived for replay on the company's website.
SunCoke Energy, Inc. (NYSE: SXC) reported strong second quarter 2024 results, with net income of $23.3 million and Consolidated Adjusted EBITDA of $63.5 million. The company's cokemaking and logistics segments performed well, with domestic coke plants running at full capacity and logistics handling 6 million tons. SunCoke increased its quarterly dividend by 20% to 12 cents per share. The company is well-positioned to achieve the high end of its full-year 2024 Consolidated Adjusted EBITDA guidance range of $240 million to $255 million. Revenues decreased due to lower blast coke sales volumes and pass-through of lower coal prices, but net income attributable to SXC increased slightly. The company's 2024 outlook includes domestic coke production of approximately 4.1 million tons and consolidated net income between $67 million and $84 million.
SunCoke Energy, Inc. (NYSE: SXC) has announced a 20% increase in its quarterly cash dividend. The Board of Directors approved a new dividend of $0.12 per share of common stock, up from the previous $0.10 per share. This increased dividend will be payable on September 3, 2024 to stockholders of record as of the close of business on August 15, 2024. The dividend hike demonstrates SunCoke Energy's commitment to delivering value to its shareholders and may indicate confidence in the company's financial performance and future prospects.
SunCoke Energy, Inc. (NYSE: SXC) has announced its plans to release second quarter 2024 financial results on Wednesday, July 31, 2024, before the opening of trading on the New York Stock Exchange. The company will host its quarterly earnings call at 11:00 am ET on the same day. Investors and analysts can participate in the call by dialing 1-833-470-1428 in the U.S. or 1-404-975-4839 if outside the U.S., using the access code 167591. The conference call will be webcast live and archived for replay in the Investors section of www.suncoke.com.
SunCoke Energy, Inc. reported strong first quarter 2024 results with a net income of $21.1 million, $20.0 million attributable to SXC, and a Consolidated Adjusted EBITDA of $67.9 million. The company reaffirmed its full-year 2024 guidance range of $240 million to $255 million for Adjusted EBITDA. Revenues were stable due to higher blast coke sales volumes and logistic segment performance. Domestic Coke and Logistics segments showed positive growth, while Brazil Coke and Corporate segments remained consistent. The outlook for 2024 includes production estimates, net income, Adjusted EBITDA projections, and capital expenditures.
SunCoke Energy, Inc. (SXC) declared a cash dividend of $0.10 per share of common stock to be paid on June 3, 2024, for stockholders on record as of May 15, 2024.
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