Core Viewpoint - The article emphasizes the importance of value investing and highlights SunCoke Energy (SXC) as a strong value stock based on its financial metrics and Zacks Rank [2][3][7] Company Analysis - SunCoke Energy (SXC) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is a high-quality value stock [3] - The company has a Price-to-Book (P/B) ratio of 1.53, which is lower than the industry average of 1.74, suggesting it is undervalued [4] - SXC's Price-to-Sales (P/S) ratio is 0.53, significantly below the industry average of 1.04, further indicating potential undervaluation [5] - The Price-to-Cash Flow (P/CF) ratio for SXC is 5.06, which is attractive compared to the industry average of 6.20, reinforcing the notion of undervaluation [6] - Over the past year, SXC's P/B has fluctuated between 0.97 and 1.55, with a median of 1.33, while its P/CF has ranged from 3.37 to 5.13, with a median of 4.40 [4][6] Industry Context - The article discusses the broader value investing strategy, which focuses on identifying companies undervalued by the market using fundamental analysis and traditional valuation metrics [2] - The Style Scores system is mentioned as a tool for investors to find stocks with specific traits, particularly in the value category [3]

Company Overview - SunCoke Energy (SXC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - Over the past week, SXC shares have increased by 27.7%, outperforming the Zacks Coal industry, which rose by 6.53% [5] - In the last month, SXC's price change is 46.33%, significantly higher than the industry's 5.43% [5] - For the past quarter, SXC shares have risen by 46.16%, and over the last year, they are up 40.6%, while the S&P 500 has moved 12.29% and 37.16%, respectively [6] Trading Volume - SXC's average 20-day trading volume is 890,353 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [7] Earnings Outlook - In the past two months, one earnings estimate for SXC has increased, while none have decreased, raising the consensus estimate from $0.94 to $1.14 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, indicating positive earnings momentum [9]

Core Viewpoint - The article emphasizes the importance of value investing and highlights SunCoke Energy (SXC) as a strong value stock based on various financial metrics [1][2][6]. Group 1: Investment Metrics - SunCoke Energy has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is among the highest-quality value stocks available [2]. - The company's Price-to-Book (P/B) ratio is 1.50, which is lower than the industry average of 1.75, suggesting it is relatively undervalued [3]. - SunCoke's Price-to-Sales (P/S) ratio stands at 0.54, significantly below the industry's average of 1.04, further indicating potential undervaluation [4]. - The Price-to-Cash Flow (P/CF) ratio for SXC is 4.97, compared to the industry average of 6.41, reinforcing the notion that the stock may be undervalued based on cash flow strength [5]. Group 2: Overall Assessment - The combination of these metrics suggests that SunCoke Energy is likely undervalued at present, making it an attractive option for value investors [6].

Have you been paying attention to shares of SunCoke Energy (SXC) ? Shares have been on the move with the stock up 44.6% over the past month. The stock hit a new 52-week high of $12.55 in the previous session. SunCoke Energy has gained 16.8% since the start of the year compared to the 6.7% move for the Zacks Oils-Energy sector and the 14.5% return for the Zacks Coal industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consens ...

Financial Performance - Third quarter 2024 net income was $33.3 million, a significant increase from $8.5 million in the prior year period, with net income attributable to SXC at $30.7 million or $0.36 per diluted share compared to $7.0 million or $0.08 per diluted share last year[1]. - Consolidated Adjusted EBITDA for the quarter was $75.3 million, up from $65.4 million in the prior year, reflecting a $9.9 million increase[1][5]. - Revenues for the third quarter of 2024 decreased by $30.3 million to $490.1 million, primarily due to lower coal prices affecting long-term agreements[3]. - Net income attributable to SunCoke Energy, Inc. for Q3 2024 was $30.7 million, compared to $7.0 million in Q3 2023, representing a significant increase[24]. - Operating income increased to $47.2 million in Q3 2024 from $29.7 million in Q3 2023, reflecting a growth of 58.5%[24]. - Basic earnings per share for Q3 2024 were $0.36, up from $0.08 in Q3 2023, indicating a substantial improvement[24]. - Total sales and other operating revenues for Q3 2024 were $490.1 million, a decrease of 5.9% from $520.4 million in Q3 2023[31]. - Adjusted EBITDA for Q3 2024 increased to $75.3 million, up 15.1% from $65.4 million in Q3 2023[32]. - Net income for Q3 2024 was $33.3 million, compared to $8.5 million in Q3 2023, representing a significant increase[32]. Guidance and Projections - Full-year 2024 Consolidated Adjusted EBITDA guidance has been increased to a range of $260 million to $270 million, reflecting favorable logistics performance and the DOL exemption gain[1][2]. - Consolidated Net Income for 2024 is projected to be between $85 million and $97 million[14]. - Capital expenditures for 2024 are projected to be between $75 million and $80 million[14]. - Estimated consolidated adjusted EBITDA for 2024 is projected to be between $260 million and $270 million[35]. Assets and Liabilities - Total current assets as of September 30, 2024, were $456.0 million, an increase from $416.8 million at the end of 2023[26]. - Total liabilities decreased to $963.8 million as of September 30, 2024, down from $1,014.9 million at the end of 2023[28]. - Total equity increased to $691.0 million as of September 30, 2024, compared to $645.5 million at the end of 2023[29]. - Cash and cash equivalents at the end of Q3 2024 were $164.7 million, compared to $125.9 million at the end of Q3 2023, showing an increase of 30.8%[30]. - Net cash provided by operating activities for the nine months ended September 30, 2024, was $107.9 million, down from $192.6 million for the same period in 2023[30]. Production and Operations - Domestic Coke total production is expected to be approximately 4.1 million tons for 2024[14]. - Domestic Coke production volumes for Q3 2024 were 1,031 thousand tons, slightly down from 1,032 thousand tons in Q3 2023[31]. - Domestic Coke capacity utilization remained stable at 102% for both Q3 2024 and Q3 2023[31]. - Brazil Coke production from operated facilities increased to 423 thousand tons in Q3 2024, up from 381 thousand tons in Q3 2023[31]. - Brazil Coke revenues were $8.8 million with Adjusted EBITDA of $2.5 million, consistent with the prior year[11]. Logistics Performance - The logistics segment reported revenues of $21.4 million, an increase of $5.8 million from the prior year, driven by higher transloading volumes[9][10]. - Logistics tons handled increased to 5,843 thousand tons in Q3 2024, up from 4,961 thousand tons in Q3 2023, reflecting a growth of 17.7%[31]. Regulatory and Financial Management - The company received a regulatory exemption from the DOL, resulting in a one-time gain of $9.5 million and a $45.5 million reduction in black lung benefits accrual[2][4]. - Interest expense for Q3 2024 was $5.7 million, down from $6.6 million in Q3 2023, indicating improved financial management[32]. - Capital expenditures for Q3 2024 were $48.1 million, a decrease from $84.5 million in Q3 2023[30]. - Domestic Coke adjusted EBITDA per ton decreased to $56.57 in Q3 2024 from $62.99 in Q3 2023[31].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________________________ _____________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR SUNCOKE ENERGY, INC. Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share SXC New York Stock Exc ...

SUNCOKE ENERGY, INC. REPORTS SECOND QUARTER 2024 RESULTS LISLE, Ill. (July 31, 2024) - SunCoke Energy, Inc. (NYSE: SXC) today reported second quarter 2024 results, reflecting strong performance from our cokemaking and logistics segments. "Our cokemaking and logistics segments continued to perform well during the second quarter. Our domestic coke plants continued running at full capacity, and our logistics segment continued to deliver strong results, handling 6 million tons during the quarter," said Katherin ...

Financial Data and Key Metrics Changes - The company reported consolidated adjusted EBITDA of $67.9 million for Q1 2024, an increase from $67.1 million in Q1 2023, primarily driven by higher blast coke sales volumes and increased logistics terminal volumes [5][13] - Net income attributable to the company was $0.23 per share, up $0.04 compared to the prior year period [13] - The company ended Q1 2024 with a strong liquidity position of $470.1 million and gross leverage of approximately 1.86x on a trailing 12-month adjusted EBITDA basis [5][7] Business Line Data and Key Metrics Changes - Domestic coke adjusted EBITDA was $61.4 million with sales volumes of 996,000 tons, supported by full capacity operations and higher blast coke sales volumes [6] - The logistics segment generated $13 million of adjusted EBITDA, slightly down from $13.5 million in Q1 2023, with throughput volumes at domestic terminals reaching 5.5 million tons, marking the best quarter in five years [12][32] Market Data and Key Metrics Changes - The North American blast furnace coke market is estimated to produce around 8.5 million to 10 million tons, with the company holding approximately 30% to 40% of the market based on contracted volumes [62][66] - The company expects to maintain its logistics full-year 2024 adjusted EBITDA and volume guidance, which remains unchanged despite market volatility [14][30] Company Strategy and Development Direction - The company is focused on a balanced yet opportunistic approach to capital allocation, with ongoing development of the Granite City GPI project [8] - The management emphasized the importance of safety and environmental performance as central to delivering high-quality coke and logistics services [15] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term need for existing coke fleet assets, despite market changes and customer transitions to DRI [36] - The company reaffirmed its full-year adjusted EBITDA guidance range of $240 million to $255 million, indicating a strong start to the year [34] Other Important Information - The company paid $9 million in dividends at a rate of $0.10 per share and spent $15.5 million on capital expenditures during the quarter [7] - The company is actively evaluating capital needs and shareholder rewards as part of its capital allocation strategy [8] Q&A Session Summary Question: Long-term outlook for utilization rates and customer transitions - Management noted that the contract with Cliffs runs through the end of 2032 and emphasized confidence in the existing coke fleet's long-term demand [36] Question: Update on logistics segment performance - Management confirmed that Q1 was the best quarter in five years for domestic terminals, driven by increased shipments due to port congestion [28][32] Question: Insights on the Granite City GPI project - Management stated that detailed engineering for the GPI project is ongoing and they are working closely with U.S. Steel [40] Question: Market size and competitive landscape - The North American blast furnace coke market is stable, with the company maintaining a competitive position despite changes in the market [62][64] Question: Spot coke sales opportunities - Management indicated that they do not separately discuss spot blast furnace coke but confirmed that the overall market dynamics remain unchanged [72]

Financial Performance - SunCoke Energy, Inc. reported revenues of $488.4 million for Q1 2024, a slight increase of 0.1% compared to $487.8 million in Q1 2023[18]. - The net income attributable to SunCoke Energy, Inc. was $20.0 million in Q1 2024, representing a 22.7% increase from $16.3 million in Q1 2023[18]. - Operating income rose to $34.5 million in Q1 2024, up 9.0% from $31.7 million in Q1 2023[18]. - The company’s basic earnings per share increased to $0.24 in Q1 2024, compared to $0.19 in Q1 2023, reflecting a 26.3% growth[18]. - Net income for Q1 2024 was $21.1 million, up from $17.7 million in Q1 2023, representing an increase of 19.3%[82]. - Adjusted EBITDA for Q1 2024 was $67.9 million, compared to $67.1 million in Q1 2023, reflecting a year-over-year increase of 1.2%[91]. Assets and Liabilities - Total current assets increased to $431.4 million as of March 31, 2024, compared to $416.8 million at the end of 2023[22]. - Cash and cash equivalents decreased to $120.1 million at the end of Q1 2024, down from $140.1 million at the end of 2023[22]. - Total liabilities decreased to $1,000.1 million as of March 31, 2024, from $1,014.9 million at the end of 2023[22]. - The company’s total equity increased to $653.2 million as of March 31, 2024, compared to $645.5 million at the end of 2023[22]. - Total accrued liabilities decreased to $39.6 million as of March 31, 2024, from $51.7 million at the end of 2023[41]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $10.0 million in Q1 2024, a significant decrease from $30.2 million in Q1 2023[25]. - Capital expenditures for Q1 2024 were $15.5 million, down from $22.6 million in Q1 2023[25]. - Total capital expenditures for the three months ended March 31, 2024, were $15.5 million, a decrease of 31.4% from $22.6 million in the same period of 2023[124]. - Ongoing capital expenditures were $14.5 million for the three months ended March 31, 2024, compared to $21.7 million in the prior year[124]. - Expansion capital expenditures increased slightly to $1.0 million in Q1 2024 from $0.9 million in Q1 2023[124]. Segment Performance - Domestic Coke segment revenue was $459.5 million in Q1 2024, slightly up from $458.8 million in Q1 2023[80]. - Brazil Coke segment revenue increased to $8.3 million in Q1 2024 from $7.9 million in Q1 2023[80]. - Logistics segment revenue decreased to $20.6 million in Q1 2024 from $21.1 million in Q1 2023[80]. - Domestic Coke segment sales increased to $459.5 million, up from $458.8 million, with production volumes rising to 1,000 thousand tons, a 6% increase year-over-year[104]. - Brazil Coke segment reported sales of $8.3 million, consistent with the prior year, while Adjusted EBITDA remained at $2.4 million[106]. - Logistics segment sales decreased to $20.6 million from $21.1 million, with Adjusted EBITDA dropping to $13.0 million from $13.5 million[105]. Compliance and Debt - As of March 31, 2024, the company was in compliance with all applicable debt covenants and does not anticipate any violations[46]. - The company has a maximum consolidated net leverage ratio of 4.50:1.00 and a minimum consolidated interest coverage ratio of 2.50:1.00 under its debt agreements[44]. - As of March 31, 2023, total debt was $490.8 million, with $500 million in senior notes due 2029 and no outstanding balance on the revolving credit facility[42]. - The fair value of the Company's total debt was estimated to be $450.9 million at March 31, 2024, compared to a carrying amount of $500.0 million[67]. Other Financial Metrics - Effective tax rate decreased to 25.2% for the three months ended March 31, 2024, down from 27.8% in the same period of 2023[40]. - The company declared a cash dividend of $0.10 per share on February 1, 2024, and another on May 1, 2024, both reflecting a consistent dividend policy[120]. - The company has $96.3 million remaining available under its share repurchase program, which was authorized for a total cost not to exceed $100.0 million[136].

Forward-Looking Statements This presentation contains "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absenc ...