SunCoke Energy(SXC)
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SunCoke Energy(SXC) - 2024 Q4 - Annual Results
2025-01-30 13:07
Financial Performance - Full-year 2024 net income attributable to SunCoke Energy, Inc. was $95.9 million, or $1.12 per diluted share, compared to $57.5 million in 2023[3][4] - Full-year 2024 consolidated Adjusted EBITDA was $272.8 million, an increase from $268.8 million in 2023[3][4] - Operating cash flow for full-year 2024 was $168.8 million, with an estimated range of $165 million to $180 million for 2025[3][25] - Net income attributable to SunCoke Energy, Inc. for the year 2024 was $95.9 million, up 66.1% from $57.5 million in 2023[31] - Adjusted EBITDA for 2024 was $151.9 million, compared to $125.1 million in 2023, reflecting a 21.4% increase[31] - Cash and cash equivalents increased to $189.6 million in 2024 from $140.1 million in 2023, representing a 35.3% growth[34] - Total assets rose slightly to $1,668.2 million in 2024 from $1,660.4 million in 2023[34] - Long-term debt remained stable at $492.3 million in 2024, compared to $490.3 million in 2023[34] - The company paid dividends totaling $37.6 million in 2024, an increase from $30.7 million in 2023[36] Revenue and Sales - Fourth quarter 2024 revenues decreased to $486.0 million, down from $520.6 million in the same period of 2023, reflecting a decrease of $34.6 million[4][5] - Revenues for Q4 2024 were $486.0 million, a decrease of 6.5% from $520.6 million in Q4 2023[31] - Total sales and other operating revenue for Q4 2024 was $486.0 million, a decrease of 6.5% from $520.6 million in Q4 2023[38] - Logistics segment revenues increased to $83.0 million for full-year 2024, up from $74.0 million in 2023, driven by higher transloading volumes[13][14] Production and Operations - Domestic coke total production is projected to be approximately 4.0 million tons for 2025[25] - Domestic Coke production volumes for Q4 2024 were 1,023 thousand tons, slightly down from 1,025 thousand tons in Q4 2023[38] - Domestic Coke sales volumes for Q4 2024 were 1,032 thousand tons, compared to 1,037 thousand tons in Q4 2023[38] - Brazilian Coke production for Q4 2024 was 388 thousand tons, up from 383 thousand tons in Q4 2023[38] - Logistics tons handled increased to 5,262 thousand tons in Q4 2024, up from 5,022 thousand tons in Q4 2023[38] Future Outlook - Full-year 2025 consolidated Adjusted EBITDA is expected to be between $210 million and $225 million[3][25] - Estimated Adjusted EBITDA for 2025 is projected to be between $210 million and $225 million[43] - The Granite City cokemaking contract extension at lower economics is expected to adversely impact financial results in 2025[3] - The company anticipates lower margins on coke sales and plans to maintain a balanced approach to capital allocation moving forward[29] Safety and Corporate Actions - The company achieved a record safety performance in 2024, with a Total Recordable Incident Rate (TRIR) of 0.50[3] - The company increased its quarterly dividend by 20 percent during 2024[3] Quarterly Performance - Operating income for Q4 2024 was $35.5 million, a significant increase from $26.2 million in Q4 2023[31] - Adjusted EBITDA for Q4 2024 increased to $66.1 million, up 12.2% from $62.3 million in Q4 2023[41] - Corporate and Other segment reported an Adjusted EBITDA loss of $5.2 million in Q4 2024, compared to a loss of $5.8 million in Q4 2023[41] - The weighted average number of common shares outstanding was 85.3 million for Q4 2024, slightly up from 84.8 million in Q4 2023[31]
Is SunCoke Energy (SXC) Stock Undervalued Right Now?
ZACKS· 2024-12-30 15:46
Core Insights - SunCoke Energy (SXC) is currently attracting investor attention due to its strong value metrics and favorable Zacks Rank of 2 (Buy) [4] - The company has an A grade for Value, indicating it is likely undervalued in the market [8] Valuation Metrics - SXC has a Price-to-Sales (P/S) ratio of 0.45, significantly lower than the industry average of 0.92, suggesting it may be undervalued [2] - The Price-to-Cash Flow (P/CF) ratio for SXC is 4.32, compared to the industry average of 5.06, indicating an attractive valuation based on cash flow [5] - SXC's Price-to-Book (P/B) ratio stands at 1.30, which is also lower than the industry average of 1.42, further supporting the notion of undervaluation [7] Performance Indicators - Over the past 52 weeks, SXC's P/CF has fluctuated between a high of 5.13 and a low of 3.37, with a median of 4.46, reflecting its cash flow performance [5] - The P/B ratio has varied from a high of 1.55 to a low of 0.97, with a median of 1.35, indicating stability in its book value relative to market value [7]
Is SunCoke Energy (SXC) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2024-12-04 15:40
Group 1 - SunCoke Energy (SXC) has shown a year-to-date performance increase of approximately 17.3%, outperforming the average gain of 9.5% in the Oils-Energy sector [4] - The Zacks Rank for SunCoke Energy is currently 2 (Buy), indicating a positive earnings outlook with a consensus estimate for full-year earnings rising by 21.3% in the past quarter [3] - SunCoke Energy is part of the Coal industry, which includes 9 individual stocks and is currently ranked 85 in the Zacks Industry Rank, with an average gain of 10% this year [5] Group 2 - The Oils-Energy sector consists of 240 individual stocks, with the sector currently ranked 13 in the Zacks Sector Rank [2] - Another notable stock in the Oils-Energy sector is YPF Sociedad Anonima (YPF), which has increased by 133.6% year-to-date and has a Zacks Rank of 2 (Buy) [4][5] - The Oil and Gas - Integrated - International industry, to which YPF belongs, is ranked 77 and has seen a gain of 7.4% this year [6]
Should You Buy SunCoke Energy (SXC) After Golden Cross?
ZACKS· 2024-12-02 20:25
Group 1 - SunCoke Energy, Inc. (SXC) has reached a significant support level and is considered a good investment pick from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day moving average [1] - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2] - SXC shares have increased by 26.9% over the past four weeks, and the company holds a 2 (Buy) rating on the Zacks Rank, indicating potential for a breakout [3] Group 2 - There has been one upward revision in earnings estimates for SXC over the past 60 days, with no downward revisions, and the Zacks Consensus Estimate has also increased [4] - The technical indicators suggest that investors should consider adding SXC to their watchlist due to the positive movement in earnings estimates and the significance of the golden cross [4]
Are Investors Undervaluing SunCoke Energy (SXC) Right Now?
ZACKS· 2024-11-27 15:40
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]
SunCoke Energy (SXC) Is Up 27.70% in One Week: What You Should Know
ZACKS· 2024-11-13 18:06
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]
Should Value Investors Buy SunCoke Energy (SXC) Stock?
ZACKS· 2024-11-11 15:45
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].
SunCoke Energy, Inc. (SXC) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-11-11 15:21
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 ...
SunCoke Energy(SXC) - 2024 Q3 - Quarterly Results
2024-10-31 12:15
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].
SunCoke Energy(SXC) - 2024 Q2 - Quarterly Report
2024-07-31 15:57
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 ...