Loading...
•
Jun 30, 2024
SunCoke Q2 2024 Earnings Report
Reported strong performance from cokemaking and logistics segments.
Key Takeaways
SunCoke Energy reported a net income of $23.3 million for Q2 2024, compared to $22.0 million in the prior year period. The company is well-positioned to achieve the high end of its full-year 2024 Consolidated Adjusted EBITDA guidance range of $240 million to $255 million. The Board of Directors approved a 20% increase in quarterly dividends.
Net income attributable to SXC was $21.5 million, or $0.25 per diluted share, compared to $20.4 million, or $0.24 per diluted share in the prior year period.
Consolidated Adjusted EBITDA for the quarter was $63.5 million, compared to $74.0 million in the prior year.
Quarterly dividend increased to 12 cents per share, a 20% increase.
Domestic coke plants continued running at full capacity, and logistics segment continued to deliver strong results, handling 6 million tons during the quarter.
Revenue by Segment
Forward Guidance
SunCoke Energy provided its 2024 outlook, expecting Consolidated Adjusted EBITDA to be on the high end of $240 million and $255 million.
Positive Outlook
- Domestic Coke total production is expected to be approximately 4.1 million tons
- Consolidated Net Income is expected to be between $67 million and $84 million
- Consolidated Adjusted EBITDA is expected to be on the high end of $240 million and $255 million
- Operating cash flow is estimated to be between $185 million to $200 million
Challenges Ahead
- Capital expenditures are projected to be between $75 million and $80 million
- Cash taxes are projected to be between $20 million to $25 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
Loading earnings performance data...
Loading earnings reaction data...