Welcome to our dedicated page for Suncoke Energy news (Ticker: SXC), a resource for investors and traders seeking the latest updates and insights on Suncoke Energy stock.
Suncoke Energy Inc (NYSE: SXC), the Americas' largest independent metallurgical coke producer, provides essential materials for steelmakers through advanced heat-recovery technology. This hub delivers timely updates on corporate developments directly affecting the steel industry's supply chain.
Access all official announcements and third-party analyses in one location, including earnings reports, operational milestones, and strategic partnerships. Investors and industry professionals will find:
• Quarterly financial results
• Facility optimization updates
• Environmental compliance achievements
• Customer contract developments
Bookmark this page for streamlined tracking of SXC's operational performance and market positioning within the capital-intensive coke manufacturing sector.
SunCoke Energy, Inc. (NYSE: SXC) has temporarily suspended operations at its Convent Marine Terminal due to a power outage caused by Hurricane Ida, which affected its utility supplier's electrical systems. The terminal has sustained modest damage, and operations are expected to resume within 24 to 48 hours once electricity is restored. SunCoke specializes in the production of high-quality coke used in steel manufacturing and has over 60 years of experience in the industry.
SunCoke Energy (NYSE: SXC) reported Q2 2021 results with revenues of $364.3 million, up $26.3 million from Q2 2020. However, net income dropped to a loss of $8.8 million, mainly due to $22.7 million in debt extinguishment costs. Adjusted EBITDA increased to $68.0 million, driven by strong performance in the Logistics segment, particularly at the Convent Marine Terminal. The company raised its full-year Adjusted EBITDA outlook to between $255 million and $265 million, citing expected strength in steel and coal markets.
SunCoke Energy, Inc. (NYSE: SXC) declared a cash dividend of $0.06 per share, payable on September 1, 2021, to stockholders of record by the close of business on August 18, 2021. This announcement highlights the company's commitment to returning value to shareholders. SunCoke operates in the cokemaking industry, serving the integrated steel market with long-term contracts while utilizing innovative heat-recovery technology at its facilities across several states and Brazil.
SunCoke Energy, Inc. (NYSE: SXC) will release its second quarter 2021 financial results on July 29, 2021, prior to NYSE trading. A quarterly earnings call is scheduled for 10:30 am ET on the same day, allowing investors and analysts to participate via registration. SunCoke specializes in supplying high-quality coke used in steel production under long-term contracts. The company operates cokemaking facilities in several states and Brazil, utilizing innovative technology for energy recovery. More information can be found on www.suncoke.com.
SunCoke Energy, Inc. (NYSE: SXC) announced the pricing of its offering of $500 million senior secured notes due 2029, with an interest rate of 4.875%. The offering is set to close on June 22, 2021. The notes will be guaranteed by the Company's subsidiaries and secured by first-priority liens on substantial assets. Proceeds will be used to redeem all outstanding 7.500% Senior Unsecured Notes due 2025. Additionally, they plan to amend their revolving credit agreement to reduce borrowing capacity to $350 million and extend its maturity to June 2026.
SunCoke Energy, Inc. (NYSE: SXC) announced a proposed offering of $500 million in senior secured notes due 2029, subject to market conditions. The notes will be guaranteed by the company’s subsidiaries and secured by first-priority liens on most assets. Additionally, the company plans to amend its revolving credit agreement, reducing its borrowing capacity to $350 million and extending the maturity date to June 2026, contingent on the successful execution of the notes offering. Proceeds from the notes will be used to redeem the outstanding 2025 Senior Unsecured Notes.
SunCoke Energy reports Q1 2021 results, showing stability amid a challenging market. Revenues decreased to $359.9 million from $382.7 million, a decline of $22.8 million, primarily due to lower coal prices and volumes in Domestic Coke. However, net income attributable to SXC rose to $16.5 million, up $11.6 million, driven by improved logistics performance. Adjusted EBITDA increased to $70.6 million. The Logistics segment showed strong results with over 5.3 million tons of coal handled, reflecting a positive outlook for 2021 with projected consolidated EBITDA between $215 million and $230 million.
SunCoke Energy, Inc. (NYSE: SXC) has declared a cash dividend of $0.06 per share, payable on June 1, 2021, to shareholders on record as of May 19, 2021. The company specializes in high-quality coke production and operates facilities across the U.S. and Brazil, serving the integrated steel industry. SunCoke also utilizes innovative heat-recovery technology for efficient energy generation. This dividend declaration underscores the company's commitment to returning value to its shareholders while maintaining its operational standards.
SunCoke Energy (SXC) will announce its first quarter 2021 financial results on April 28, 2021, prior to NYSE trading. The company will host a quarterly earnings call at 10:30 am ET on the same date. SXC is a leading supplier of high-quality coke, essential for steel production, operating under long-term contracts that transfer certain costs to customers. With over 60 years of experience, SXC also provides logistics services, handling more than 40 million tons of materials annually across its facilities in Illinois, Indiana, Ohio, Virginia, and Brazil.
