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) supplies metallurgical coke and industrial services that are closely linked to the steel industry, and its news flow reflects this focus. Company announcements regularly cover cokemaking contracts, logistics and industrial services activity, and financial performance across its Domestic Coke, Brazil Coke and logistics or industrial services operations.
Investors following SXC news can expect updates on long-term, take-or-pay coke supply agreements with major steel producers, including contract extensions at facilities such as Granite City and Haverhill. SunCoke also reports on its logistics terminals, which handle and mix coal and other aggregates for coke, coal, steel, power and other bulk customers, and on its slag and materials handling services at steel mills.
Recent news has highlighted quarterly earnings results, revisions to annual outlooks, and the declaration of cash dividends. SunCoke uses press releases to provide details on revenues, net income and Adjusted EBITDA, as well as commentary on the impact of contract mix, market conditions and segment performance in Domestic Coke, Brazil Coke and logistics or industrial services.
Another key theme in SXC news is corporate development activity. The company has announced a definitive agreement to acquire, and later the completion of the acquisition of, Phoenix Global, a provider of mission-critical mill services to major steel producing companies. Related communications discuss how this acquisition adds electric arc furnace operations, international markets and additional slag and materials handling capabilities to SunCoke’s portfolio.
For investors and analysts tracking SXC, this news page aggregates earnings releases, contract announcements, acquisition updates and dividend declarations, offering a consolidated view of how SunCoke’s cokemaking, logistics and industrial services businesses evolve over time.
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.
SunCoke Energy, Inc. (NYSE: SXC) will release its third quarter 2021 financial results on November 1, 2021, before trading opens on the NYSE. The company's quarterly earnings call is scheduled for 10:00 am ET the same day. Interested investors and analysts can join the call via a provided link, with a live webcast and archived replay available on their Investor Relations section. SunCoke specializes in supplying high-quality coke for steel production under long-term contracts and leverages innovative heat-recovery technology.
SunCoke Energy, Inc. (NYSE: SXC) announced the restoration of electrical power and normal operations at Convent Marine Terminal as of September 13, 2021. The facility had faced disruptions due to Hurricane Ida, but employees worked diligently to reestablish operational capabilities. SunCoke Energy supplies high-quality coke used in steel production, leveraging innovative heat-recovery technology for efficiency. The company operates several cokemaking facilities across the U.S. and Brazil, emphasizing its significant logistics capacity in handling over 40 million tons of material annually.
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.
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