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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 (NYSE: SXC) and Cleveland-Cliffs have extended their contract for a further 12 years, under which SunCoke will supply 1.22 million tons of metallurgical coke annually from its Indiana Harbor facility. This renewal solidifies their long-term partnership, with key provisions mirroring those of the existing agreement. The Indiana Harbor operation is SunCoke's largest U.S. facility and has been pivotal since its establishment in 1998, utilizing advanced heat recovery technology. This contract extension is expected to enhance the future viability of the Indiana Harbor facility, reinforcing its role in supplying coke for steel production.
SunCoke Energy, Inc. (NYSE: SXC) will release its Q1 2023 financial results on May 4, 2023, before market opening. The company will host a quarterly earnings call at 11:00 am ET on the same day, providing investors an opportunity to engage through a live webcast. SXC specializes in supplying high-quality coke for steel production, primarily under long-term contracts. The company operates multiple facilities across the U.S. and Brazil, employing innovative heat-recovery technology for efficient production. Additionally, SXC's logistics operations can handle over 40 million tons of material annually, supporting both domestic and international markets.
SunCoke Energy (SXC) reported record financial performance for FY 2022, with net income reaching $100.7 million or $1.19 per share. The fourth quarter net income was $11.8 million, down from $12.7 million year-over-year. Full-year consolidated Adjusted EBITDA was $297.7 million, with a fourth quarter of $58.9 million. Operating cash flow stood at $208.9 million. The company expects 2023 Adjusted EBITDA between $250 million and $265 million and plans capital expenditures of $95 million. The positive outlook is tempered by anticipated weaker export market conditions.
SunCoke Energy, Inc. (NYSE: SXC) declared a cash dividend of $0.08 per share, scheduled for payment on March 1, 2023. This dividend will benefit stockholders on record as of the close of business on February 16, 2023. SunCoke specializes in providing high-quality coke for steel production and operates facilities across the U.S. and Brazil. The company utilizes advanced heat-recovery technology and has over 60 years of experience in cokemaking. It also offers logistics services, capable of handling over 40 million tons of material annually, serving both domestic and international markets.
SunCoke Energy, Inc. (NYSE: SXC) will announce its fourth quarter 2022 financial results and 2023 guidance on February 2, 2023, before the market opens. An earnings call is scheduled for 11:00 am ET on the same day, allowing investors and analysts to participate. SunCoke supplies high-quality coke used in steel production and has facilities in Illinois, Indiana, Ohio, Virginia, and Brazil. The company operates under long-term contracts, ensuring stable revenue. Additionally, it provides logistics services with significant capacity for material handling.
SunCoke Energy, Inc. (NYSE: SXC) reported a record net income of $41.4 million for Q3 2022, up from $23 million YoY. Year-to-date net income reached $88.9 million. Adjusted EBITDA also increased to $83.7 million, a $9.8 million rise from the previous year, driven by higher export coke margins. Revenues soared by $150.3 million to $516.8 million, primarily due to higher coal prices. The Board approved a project to enable 100% foundry coke production at the Jewell facility. The company anticipates exceeding its full-year Adjusted EBITDA guidance of $285 million.
SunCoke Energy, Inc. (NYSE: SXC) declared a cash dividend of $0.08 per share, payable on December 1, 2022, to stockholders of record as of November 18, 2022. This announcement reflects the company's ongoing commitment to provide returns to shareholders. SunCoke operates multiple facilities across the U.S. and Brazil, supplying high-quality coke primarily used in steel production. Their innovative heat-recovery technology underpins their operations, ensuring efficiency in production and logistics.
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