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 (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.
On February 1, 2022, SunCoke Energy (NYSE: SXC) announced a cash dividend of $0.06 per share, set to be paid on March 1, 2022, to stockholders recorded by the close of business on February 17, 2022. The company primarily produces high-quality coke for domestic and international markets, supporting steel production. SunCoke leverages over 60 years of experience in cokemaking and utilizes innovative heat-recovery technology to enhance operational efficiency.
SunCoke Energy (NYSE: SXC) will announce its fourth quarter 2021 financial results and 2022 guidance on February 1, 2022, before the market opens. A quarterly earnings call will take place at 10:30 am ET on the same day. Investors can join via a link provided or access a live webcast. As a provider of high-quality coke for steel production, SunCoke operates multiple facilities across the U.S. and Brazil, utilizing advanced technology to enhance efficiency. Further details can be accessed on their website.
SunCoke Energy (SXC) reported strong third-quarter results for 2021, with net income of $23.0 million, or $0.27 per share. Year-to-date net income reached $30.7 million, or $0.37 per share. Adjusted EBITDA for Q3 was a record $73.9 million, with a year-to-date total of $212.5 million, positioning the company to exceed 2021 guidance of $255 million to $265 million. Revenues rose to $366.5 million, marking a $64.3 million increase, attributed to higher demand in steel and coal markets. The logistics segment also showed positive growth, reflecting continued improvement in coal markets.
On November 1, 2021, SunCoke Energy (NYSE: SXC) announced a cash dividend of $0.06 per share, scheduled for payment on December 1, 2021. The dividend will be distributed to stockholders of record by the close of business on November 18, 2021. SunCoke specializes in high-quality coke production for the steel industry, utilizing advanced heat-recovery technology across facilities in the U.S. and Brazil, aiming to enhance its operational efficiency and sustainability.
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