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, 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.
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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.
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