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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, Inc. (SXC) will release its third quarter 2022 financial results on October 31, 2022, before the market opens. The company will also host an earnings call at 11:00 am ET the same day, available for live listening and replay via their investor website. SunCoke primarily supplies high-quality coke for steel production and operates multiple facilities across the U.S. and Brazil, leveraging advanced heat-recovery technology. Their logistics segment supports substantial material handling operations on both domestic and international fronts.
SunCoke Energy, Inc. (NYSE: SXC) reported a strong Q2 2022 with net income of $18 million ($0.21 per share) and year-to-date income of $47.5 million ($0.56 per share). Adjusted EBITDA rose to $71.3 million, marking a $3.3 million increase from the previous year. The company announced a 33% increase in its quarterly dividend to 8 cents per share and revised its full-year Adjusted EBITDA guidance to $270-$285 million, reflecting robust performance in the export coke market. Revenue for the quarter surged to $501.9 million, primarily due to higher coal prices and favorable export pricing.
SunCoke Energy, Inc. (NYSE: SXC) has approved a 33% increase in its quarterly cash dividend to $0.08 per share, up from $0.06. This dividend will be paid on September 1, 2022, to shareholders on record as of August 18, 2022. The company specializes in supplying high-quality coke for steel production and operates facilities across the U.S. and Brazil, leveraging over 60 years of experience. The dividend increase indicates strong financial health and confidence in ongoing operations.
SunCoke Energy (NYSE: SXC) has announced a non-binding letter of intent to acquire U.S. Steel's Granite City Works blast furnaces and construct a 2.0 million ton granulated pig iron facility. The agreement outlines processing iron ore supplied by U.S. Steel for a decade. Project assessments are ongoing, with a goal to finalize agreements soon. Construction is expected to take about two years. This move will enhance SunCoke's footprint, positioning it as a diversified supplier of coke and metallics in the steel industry.
SunCoke Energy (NYSE: SXC) reported strong Q1 2022 results with net income of $29.5 million ($0.35 per share) and an Adjusted EBITDA of $83.8 million, marking an 18.6% increase from the previous year. Revenues grew by $79.9 million to $439.8 million, driven by higher coal prices and export sales. While domestic coke production faced challenges from wet weather, this was offset by improved export margins. The company expects to exceed its full-year Adjusted EBITDA guidance of $240-$255 million due to strong commodity markets.
On May 2, 2022, SunCoke Energy, Inc. (NYSE: SXC) announced a cash dividend of $0.06 per share for its common stock. This dividend is set to be paid on June 1, 2022, to stockholders of record as of the close of business on May 18, 2022. SunCoke supplies high-quality coke utilized in steel and iron production, with operations in several U.S. states and Brazil, leveraging over 60 years of experience. The company also manages logistics for material handling, capable of processing more than 40 million tons annually.
SunCoke Energy, Inc. (NYSE: SXC) will announce its first quarter 2022 financial results on May 2, 2022, before market opening. A quarterly earnings call is scheduled for the same day at 11:30 am ET, where investors and analysts can participate via a provided link. SunCoke specializes in supplying high-quality coke used in steel production and operates multiple facilities across the U.S. and Brazil, leveraging over 60 years of experience. The company also offers logistics services, with terminals capable of handling over 40 million tons annually.
SunCoke Energy (NYSE: SXC) appointed Mark W. Marinko as Senior Vice President and Chief Financial Officer effective March 7, 2022. Marinko brings over 30 years of experience in finance, having previously served as CFO at Great Lakes Dredge & Dock Corporation. His role at SunCoke includes overseeing all financial operations, reporting directly to President and CEO Mike Rippey. The leadership change is expected to enhance the company's financial management and strategic execution.
SunCoke Energy (SXC) reported a record net income of $43.4 million ($0.52/share) for 2021, up from $3.7 million in 2020. The fourth quarter also saw a turnaround with a net income of $12.7 million, compared to a loss of $5 million last year. Full-year Adjusted EBITDA reached $275.4 million, a significant increase from $205.9 million in 2020. The company projects 2022 Adjusted EBITDA between $240 million and $255 million, supported by a new contract with Algoma Steel for 150,000 tons/year. Operating cash flow for 2021 was $233.1 million, exceeding guidance.
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