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 ...

Financial Performance - Second quarter 2024 net income was $23.3 million, a 5.9% increase from $22.0 million in the prior year period, with net income attributable to SXC at $21.5 million or $0.25 per diluted share, compared to $20.4 million or $0.24 per diluted share in the prior year [5]. - Revenues for Q2 2024 were $470.9 million, a decrease of 11.9% from $534.4 million in Q2 2023 [30]. - Net income for the first half of 2024 was $44.4 million, up 11.8% from $39.7 million in the same period of 2023 [34]. - Total net income for the first half of 2024 was $44.4 million, up from $39.7 million in the first half of 2023, an increase of 17.7% [39]. - Estimated net income for the full year 2024 is projected to be between $67 million and $84 million [42]. Revenue Breakdown - Revenues decreased by $63.5 million to $470.9 million, primarily due to lower blast coke sales volumes and the pass-through of lower coal prices on long-term agreements [6][7]. - Domestic Coke segment revenues fell by $64.3 million to $441.6 million, with sales volumes decreasing by 70,000 tons to 973,000 tons [11][13]. - Domestic Coke sales revenue decreased to $441.6 million in Q2 2024 from $505.9 million in Q2 2023, reflecting a decline of 12.7% [36]. - Brazil Coke segment revenues were $9.1 million with Adjusted EBITDA of $2.5 million, consistent with the prior year [17]. Adjusted EBITDA - Consolidated Adjusted EBITDA for the quarter was $63.5 million, down 14.2% from the record $74.0 million in the same period last year [5]. - Adjusted EBITDA for Q2 2024 was $63.5 million, down 14.5% from $74.0 million in Q2 2023 [36]. - Estimated Adjusted EBITDA for 2024 is expected to range from $240 million to $255 million [42]. Expenses and Costs - Corporate and Other expenses were $9.1 million, comparable to $8.2 million in the same quarter of 2023 [18]. - Depreciation and amortization expense for Q2 2024 was $28.7 million, compared to $36.4 million in Q2 2023, a decrease of 21.2% [39]. - Interest expense, net for Q2 2024 was $5.8 million, down from $7.2 million in Q2 2023, a reduction of 19.4% [39]. - Income tax expense for Q2 2024 was $5.6 million, compared to $8.3 million in Q2 2023, a decrease of 32.5% [39]. - Interest expense for the first half of 2024 was $12.1 million, down from $14.4 million in the first half of 2023, a decrease of 16.0% [39]. Cash Flow and Capital Expenditures - Cash and cash equivalents decreased to $81.9 million as of June 30, 2024, from $140.1 million at the beginning of the year [32]. - Capital expenditures for 2024 are projected to be between $75 million and $80 million, with operating cash flow estimated between $185 million to $200 million [24]. Dividends and Shareholder Returns - The Board of Directors approved a 20% increase in quarterly dividends, raising it from $0.10 to $0.12 per share, effective September 3rd [3]. Logistics Performance - The logistics segment handled 6 million tons during the quarter, with revenues increasing by $0.5 million to $20.2 million, driven by higher transloading volumes [3][16]. - Tons handled in logistics increased to 5,982,000 tons in Q2 2024, up from 5,191,000 tons in Q2 2023, representing a growth of 15.3% [36].

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 1, 2024 Date of Report (date of earliest event reported) ___________________________________ SunCoke Energy, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State of Incorporation) 001-35243 (Commission File Num ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35243 SUNCOKE ENERGY, INC. (Exact name of Registrant as specified in its charter) Delaware 90-0640593 (State or oth ...

SunCoke Energy, Inc. (NYSE:SXC) Q4 2023 Earnings Conference Call February 1, 2024 11:00 AM ET Company Participants Shantanu Agrawal - VP, Finance and Treasurer Katherine Gates - President Mark Marinko - SVP and CFO Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Operator Hello, and welcome to today's SunCoke Energy Fourth Quarter 2023 Earnings Call. My name is Jordan, and I'll be coordinating your call today. [Operator Instructions] I'm now going to hand ...