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Jun 30, 2022
SunCoke Q2 2022 Earnings Report
Reported strong performance in the Domestic Coke and Logistics segments, with higher margins from export coke sales offsetting planned outages and Logistics delivering solid results due to higher volumes and favorable pricing.
Key Takeaways
SunCoke Energy, Inc. reported strong second quarter 2022 results, driven by continued strong performance in the Domestic Coke and Logistics segments. The company's net income attributable to SXC was $18.0 million, or $0.21 per share. Adjusted EBITDA for the quarter was $71.3 million, an increase of $3.3 million versus the prior year period. The company is increasing full year 2022 Adjusted EBITDA guidance range from $240 million - $255 million to $270 million - $285 million.
Second quarter 2022 net income attributable to SXC was $18.0 million, or $0.21 per share.
Adjusted EBITDA for the quarter was $71.3 million, an increase of $3.3 million versus the prior year period.
Increased quarterly dividend to 8 cents per share; a 33% increase.
Entered into a non-binding letter of intent with United States Steel Corporation (“U.S. Steel”) to acquire U.S. Steel’s Granite City blast furnaces and build a 2.0M ton per year granulated pig iron facility.
Revenue by Segment
Forward Guidance
SunCoke Energy, Inc. is increasing full year 2022 Adjusted EBITDA guidance range from $240 million - $255 million to $270 million - $285 million, reflecting continued success in the export coke market and strong performance at CMT.
Positive Outlook
- Higher export margins in our Domestic Coke plants
- API2 price adjustment benefit at CMT
Historical Earnings Impact
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Avg. Return Before/After Earnings
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