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SunCoke Energy(SXC) - 2023 Q1 - Quarterly Report
2023-05-04 15:38
Table of Contents 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR (Exact name of registran ...
SunCoke Energy(SXC) - 2022 Q4 - Annual Report
2023-02-24 15:33
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 ☐ 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) (State of or other jurisdiction of incorporation or organization) Delaware 90-06 ...
SunCoke Energy(SXC) - 2022 Q4 - Earnings Call Transcript
2023-02-02 18:23
Financial Data and Key Metrics Changes - The company achieved a record adjusted EBITDA of $297.7 million for the full year 2022, exceeding the high end of the revised guidance range of $285 million [6][10] - Full year net income attributable to the company was $1.19 per share, an increase of $0.67 compared to 2021, driven by strong operating results and lower interest expenses [9] - The gross leverage ratio improved from 2.28 times to 1.83 times year-over-year, with gross debt reduced by approximately $83 million in 2022 [12] Business Line Data and Key Metrics Changes - The Domestic Coke segment delivered adjusted EBITDA of $263.4 million, significantly above the revised guidance range [10] - The Logistics segment's adjusted EBITDA increased by approximately $6.2 million year-over-year, reaching $49.7 million due to higher throughput volumes and pricing [34] - Brazil coke adjusted EBITDA is expected to decrease by $5 million to $6 million due to the expiration of technology fees [38] Market Data and Key Metrics Changes - The company anticipates lower price realizations on export coke sales in 2023, which will impact the Domestic Coke adjusted EBITDA, expected to be lower by $22 million to $30 million [14][41] - The order book for foundry coke remains solid, with export sales for Q1 2023 already finalized [40] Company Strategy and Development Direction - The company is focusing on completing the foundry coke expansion project at the Jewell facility to enhance market participation and diversification [20][30] - The company is well-positioned for long-term success, with the youngest domestic cokemaking facilities in North America and leading technology [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the balance sheet and the ability to continue deleveraging while rewarding shareholders [24][62] - The company expects to generate free cash flow between $105 million and $120 million in 2023, allowing for continued capital allocation initiatives [57] Other Important Information - The company returned nearly $24 million to shareholders in 2022, increasing the quarterly dividend from $0.06 to $0.08 per share [8][36] - Capital expenditures for 2023 are expected to be approximately $95 million, including the foundry coke expansion project [57] Q&A Session Summary Question: What stands in the way of significantly higher capital returns to shareholders? - Management indicated that they are focused on growth opportunities, particularly the GPI facility at Granite City, while maintaining a strong balance sheet [46][48] Question: What is the long-term debt target? - The company aims to keep the gross leverage ratio under 3 times and has successfully reduced it to 1.83 times [49][80] Question: Can the Brazil Coke segment recover EBITDA? - Management acknowledged the decline in EBITDA due to the expiration of technology fees but mentioned ongoing discussions with U.S. Steel for potential projects [51][52] Question: What is the expected cadence of pricing for export sales over the next four quarters? - Management expects some improvement in the market as 2023 progresses, with the second half looking better than the first [70] Question: What is the breakdown of capital spending for 2023? - Management indicated that the $95 million capital expenditure includes growth projects, with ongoing maintenance CapEx estimated around $80 million to $85 million [63][64]
SunCoke Energy(SXC) - 2022 Q4 - Earnings Call Presentation
2023-02-02 16:45
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 ...
SunCoke Energy(SXC) - 2022 Q3 - Earnings Call Presentation
2022-10-31 16:24
SunCoke Energy, Inc. Q3 2022 Earnings Conference Call Forward ‐Looking Statements This slide presentation should be reviewed in conjunction with the Third Quarter 2022 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on October 31, 2022 at 11:00 a.m. ET. 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 ...
SunCoke Energy(SXC) - 2022 Q3 - Earnings Call Transcript
2022-10-31 16:23
SunCoke Energy, Inc. (NYSE:SXC) Q3 2022 Earnings Conference Call October 31, 2022 11:00 AM ET Corporate Participants Shantanu Agrawal - Vice President Finance and Investor Relations Mike Rippey - President and Chief Executive Officer Mark Marinko - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Operator Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the SunCoke Energy Third Quarter 2022 ...
SunCoke Energy(SXC) - 2022 Q3 - Quarterly Report
2022-10-31 15:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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 regis ...
SunCoke Energy(SXC) - 2022 Q2 - Earnings Call Transcript
2022-08-02 20:35
SunCoke Energy, Inc. (NYSE:SXC) Q2 2022 Earnings Conference Call August 2, 2022 11:30 AM ET Company Participants Shantanu Agrawal - Vice President Finance and Investor Relations Mike Rippey - President and Chief Executive Officer Mark Marinko - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Karl Blunden - Goldman Sachs Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like t ...
SunCoke Energy(SXC) - 2022 Q2 - Quarterly Report
2022-08-02 16:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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 ...
SunCoke Energy(SXC) - 2022 Q1 - Earnings Call Transcript
2022-05-02 21:24
SunCoke Energy, Inc. (NYSE:SXC) Q1 2022 Earnings Conference Call May 2, 2022 11:30 AM ET Company Participants Shantanu Agrawal - Vice President Finance and Investor Relations Michael Rippey - President and Chief Executive Officer Mark Marinko - Chief Financial Officer Conference Call Participants Karl Blunden - Goldman Sachs Nathan Martin - The Benchmark Company, LLC Operator Good morning. My name is Chris, and I’ll be your conference operator today. At this time, I’d like to welcome everyone to the SunCoke ...