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.
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.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance