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Jun 30, 2020
SunCoke Q2 2020 Earnings Report
Reported second quarter results and reissued 2020 guidance.
Key Takeaways
SunCoke Energy, Inc. reported a net income attributable to SXC of $6.5 million, or $0.08 per share, for the second quarter of 2020, compared to $2.3 million, or $0.03 per share, in the prior-year period. The company is revising full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million.
Second quarter 2020 net income attributable to SXC was $6.5 million, or $0.08 per share.
Adjusted EBITDA was $59.0 million in the current period
Successfully extended near-term expiring customer contracts and completed near-term coke supply relief agreements
Revised full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million reflecting near-term coke supply relief provided to customers in exchange for extending existing contracts
Revenue by Segment
Forward Guidance
The company is guiding for consolidated Adjusted EBITDA between $190 to $200 million.
Positive Outlook
- Domestic coke production is expected to be approximately 3.75 million tons
- Domestic coke Adjusted EBITDA/ton is expected to be between $53 to $54/ton
- Consolidated Adjusted EBITDA is expected to be between $190 to $200 million
- Capital expenditures are projected to be approximately $80 million which includes approximately $12 million for foundry coke
- Free Cash Flow is estimated to be between $36 million and $56 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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