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. reports developments as an independent producer of high-quality coke and an industrial services provider for steel, coke, coal, power and other bulk-material customers. Its coke is used in blast furnace steelmaking and foundry production of cast iron, with a majority of sales under long-term, take-or-pay contracts and additional exports to overseas blast furnace customers.
Recurring news for SXC includes quarterly earnings, guidance, cash dividends, cokemaking supply agreements, facility operations and Industrial Services activity. Updates also address heat-recovery cokemaking technology that captures excess heat for steam or electrical power generation, material handling and transloading services, slag handling, scrap and raw-material preparation, and leadership and governance announcements.
SunCoke Energy (NYSE: SXC) reported strong financial results for 2024, with net income of $95.9 million ($1.12 per diluted share) and consolidated Adjusted EBITDA of $272.8 million. The company achieved record safety performance with a TRIR of 0.50 and generated operating cash flow of $168.8 million.
Q4 2024 results showed net income of $23.7 million ($0.28 per diluted share) and Adjusted EBITDA of $66.1 million. The company benefited from lower planned outage costs in Domestic Coke and higher transloading volumes in Logistics. A one-time gain of $9.5 million from eliminating legacy black lung liabilities contributed to full-year performance.
Looking ahead to 2025, SunCoke expects consolidated Adjusted EBITDA between $210-225 million, lower than 2024 due to the Granite City contract extension at reduced economics and challenging market conditions in the steel industry. The company maintains a solid balance sheet and plans to continue its quarterly dividend.
SunCoke Energy (NYSE: SXC) has announced a quarterly cash dividend distribution. The company's Board of Directors has declared a dividend of $0.12 per share on its common stock. The dividend will be paid on March 3, 2025, to shareholders who are recorded as stockholders at the close of business on February 17, 2025.
SunCoke Energy (NYSE: SXC) has scheduled the release of its fourth quarter 2024 financial results and 2025 guidance for Thursday, January 30, 2025, before the New York Stock Exchange opens. The company will host a quarterly earnings conference call at 11:00 am ET on the same day. Investors can access the webcast live through the provided link and find archived recordings in the Investors section of SunCoke's website. For direct participation, investors and analysts can dial 1-866-652-5200 within the U.S. or 1-412-902-6510 from international locations.
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.