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Sep 30, 2020
SunCoke Q3 2020 Earnings Report
Reported strong performance from cokemaking business despite running at lowered rates.
Key Takeaways
SunCoke Energy reported a net loss of $2.7 million, or $0.03 per share, for the third quarter of 2020. Adjusted EBITDA for the quarter was $47.8 million. The company reaffirmed its full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million.
Third quarter 2020 net loss attributable to SXC was $2.7 million, or $0.03 per share
Adjusted EBITDA for the quarter was $47.8 million
Reaffirming full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million
Extended Haverhill II coke agreement with AK Steel for an additional two years
Revenue by Segment
Forward Guidance
SunCoke Energy reaffirmed its full-year 2020 Adjusted EBITDA guidance of $190 million 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
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Avg. Return Before/After Earnings
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