Suncoke Energy Inc Stock Price, News & Analysis

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.

SunCoke Energy (NYSE: SXC) reported a third-quarter net loss of $2.7 million for 2020, a significant improvement from a $163 million loss in the same period last year. Revenues fell to $302.2 million, down $102.1 million year-over-year, mainly due to reduced volumes in both the Domestic Coke and Logistics segments.

Adjusted EBITDA decreased by $18.9 million to $47.8 million, impacted by lower coal prices and sales volumes. Despite the challenges, the company successfully extended its coke agreement with AK Steel for two additional years, reinforcing long-term customer relationships.

SunCoke Energy, Inc. (NYSE: SXC) announced a cash dividend of $0.06 per share, set to be paid on December 1, 2020. The dividend will benefit stockholders of record by the close of business on November 20, 2020. With over 55 years in the cokemaking industry, SunCoke provides high-quality coke for steel production under long-term contracts, utilizing innovative heat-recovery technology. The company operates facilities across various U.S. states and Brazil, with logistic capabilities to handle over 40 million tons of materials annually.

SunCoke Energy, Inc. (NYSE: SXC) will release its third quarter 2020 financial results on November 6, 2020, before NYSE trading opens. A quarterly earnings call is scheduled for 10:00 am ET on the same day. Investors can access the call via registration, which includes confirmation and dial-in details. SunCoke specializes in supplying high-quality coke for steel production and employs a heat-recovery technology for energy generation. With over 55 years in cokemaking, its facilities are strategically located across the U.S. and Brazil.

SunCoke Energy (NYSE: SXC) reported Q2 2020 results, revealing a revenue decline of $69.5 million to $338.0 million year-over-year, attributed to lower coal prices and sales volumes. Despite challenges from COVID-19, net income rose to $6.5 million, bolstered by reduced depreciation costs. Adjusted EBITDA fell to $59.0 million, a decrease of $4.1 million, while the company anticipates a $40-$50 million decrease in adjusted EBITDA for the year due to customer support measures. Looking forward, SunCoke expects to enhance its production efficiency and diversification through foundry coke projects.