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.
Summary not available.
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.
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.