Suncoke Energy Inc Stock Price, News & Analysis

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.

SunCoke Energy (SXC) reported its 2020 financial results, highlighting challenges posed by the COVID-19 pandemic. Q4 revenues declined by $87.1 million to $310.1 million, with a full-year drop of $267.3 million to $1.33 billion. The company faced a net loss of $5.0 million for Q4, contrasting with a $1.4 million loss in 2019, while full-year net income increased by $156 million due to the absence of prior impairment charges. For 2021, SXC expects consolidated Adjusted EBITDA between $215 million and $230 million, driven by full-capacity operations and higher logistics volumes.

SunCoke Energy, Inc. (NYSE: SXC) has declared a cash dividend of $0.06 per share, scheduled for payment on March 1, 2021. Stockholders of record by the close of business on February 19, 2021 will be eligible to receive this dividend. The company specializes in providing high-quality coke for the steel production industry, supported by long-term contracts. SunCoke operates multiple cokemaking facilities across the U.S. and Brazil, utilizing innovative heat-recovery technology.

SunCoke Energy, Inc. (NYSE: SXC) will announce its fourth quarter 2020 financial results and 2021 guidance on February 4, 2021, prior to market opening. A quarterly earnings call is scheduled for 10:30 am ET on the same day. Investors can participate via a registration link or by accessing a live webcast on the company's website. SunCoke specializes in high-quality coke production for the steel industry, leveraging innovative heat-recovery technology across its facilities in the U.S. and Brazil.