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SunCoke Energy(SXC) - 2024 Q4 - Annual Results
SXCSunCoke Energy(SXC)2025-01-30 13:07

Financial Performance - Full-year 2024 net income attributable to SunCoke Energy, Inc. was 95.9million,or95.9 million, or 1.12 per diluted share, compared to 57.5millionin2023[3][4]−Full−year2024consolidatedAdjustedEBITDAwas57.5 million in 2023[3][4] - Full-year 2024 consolidated Adjusted EBITDA was 272.8 million, an increase from 268.8millionin2023[3][4]−Operatingcashflowforfull−year2024was268.8 million in 2023[3][4] - Operating cash flow for full-year 2024 was 168.8 million, with an estimated range of 165millionto165 million to 180 million for 2025[3][25] - Net income attributable to SunCoke Energy, Inc. for the year 2024 was 95.9million,up66.195.9 million, up 66.1% from 57.5 million in 2023[31] - Adjusted EBITDA for 2024 was 151.9million,comparedto151.9 million, compared to 125.1 million in 2023, reflecting a 21.4% increase[31] - Cash and cash equivalents increased to 189.6millionin2024from189.6 million in 2024 from 140.1 million in 2023, representing a 35.3% growth[34] - Total assets rose slightly to 1,668.2millionin2024from1,668.2 million in 2024 from 1,660.4 million in 2023[34] - Long-term debt remained stable at 492.3millionin2024,comparedto492.3 million in 2024, compared to 490.3 million in 2023[34] - The company paid dividends totaling 37.6millionin2024,anincreasefrom37.6 million in 2024, an increase from 30.7 million in 2023[36] Revenue and Sales - Fourth quarter 2024 revenues decreased to 486.0million,downfrom486.0 million, down from 520.6 million in the same period of 2023, reflecting a decrease of 34.6million[4][5]−RevenuesforQ42024were34.6 million[4][5] - Revenues for Q4 2024 were 486.0 million, a decrease of 6.5% from 520.6millioninQ42023[31]−TotalsalesandotheroperatingrevenueforQ42024was520.6 million in Q4 2023[31] - Total sales and other operating revenue for Q4 2024 was 486.0 million, a decrease of 6.5% from 520.6millioninQ42023[38]−Logisticssegmentrevenuesincreasedto520.6 million in Q4 2023[38] - Logistics segment revenues increased to 83.0 million for full-year 2024, up from 74.0millionin2023,drivenbyhighertransloadingvolumes[13][14]ProductionandOperations−Domesticcoketotalproductionisprojectedtobeapproximately4.0milliontonsfor2025[25]−DomesticCokeproductionvolumesforQ42024were1,023thousandtons,slightlydownfrom1,025thousandtonsinQ42023[38]−DomesticCokesalesvolumesforQ42024were1,032thousandtons,comparedto1,037thousandtonsinQ42023[38]−BrazilianCokeproductionforQ42024was388thousandtons,upfrom383thousandtonsinQ42023[38]−Logisticstonshandledincreasedto5,262thousandtonsinQ42024,upfrom5,022thousandtonsinQ42023[38]FutureOutlook−Full−year2025consolidatedAdjustedEBITDAisexpectedtobebetween74.0 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 225million[3][25]−EstimatedAdjustedEBITDAfor2025isprojectedtobebetween225 million[3][25] - Estimated Adjusted EBITDA for 2025 is projected to be between 210 million and 225million[43]−TheGraniteCitycokemakingcontractextensionatlowereconomicsisexpectedtoadverselyimpactfinancialresultsin2025[3]−Thecompanyanticipateslowermarginsoncokesalesandplanstomaintainabalancedapproachtocapitalallocationmovingforward[29]SafetyandCorporateActions−Thecompanyachievedarecordsafetyperformancein2024,withaTotalRecordableIncidentRate(TRIR)of0.50[3]−Thecompanyincreaseditsquarterlydividendby20percentduring2024[3]QuarterlyPerformance−OperatingincomeforQ42024was225 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 26.2millioninQ42023[31]−AdjustedEBITDAforQ42024increasedto26.2 million in Q4 2023[31] - Adjusted EBITDA for Q4 2024 increased to 66.1 million, up 12.2% from 62.3millioninQ42023[41]−CorporateandOthersegmentreportedanAdjustedEBITDAlossof62.3 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]