Suncoke Energy Inc Stock Price, News & Analysis

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.

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.