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Sep 30, 2022
SunCoke Q3 2022 Earnings Report
Reported record results, driven by strong financial performance in Domestic Coke and Logistics segments, and announced foundry expansion project at Jewell facility
Key Takeaways
SunCoke Energy Inc. reported record third quarter 2022 results, with net income attributable to SXC was $41.4 million, or $0.49 per share. Adjusted EBITDA for the quarter was a record $83.7 million, an increase of $9.8 million versus the prior year period. The company expects to surpass the full year 2022 Adjusted EBITDA guidance high end of $285 million.
Third quarter 2022 net income attributable to SXC was $41.4 million, or $0.49 per share
Adjusted EBITDA for the quarter was a record $83.7 million, an increase of $9.8 million versus the prior year period
SunCoke's Board of Directors approved a capital project that will enable our Jewell facility to produce 100% foundry coke
Expect to surpass our full year 2022 Adjusted EBITDA guidance high end of $285 million, mainly driven by higher margins on export coke sales
Revenue by Segment
Forward Guidance
Our 2022 guidance is based on higher export margins in our Domestic Coke plants and the API2 price adjustment benefit at CMT.
Positive Outlook
- Domestic Coke total production is expected to be approximately 4.1 million tons
- Consolidated Adjusted EBITDA is expected to surpass the guidance high end of $285 million
- Capital expenditures are projected to be approximately $80 million
- Cash generated by operations is estimated to be between $200 million to $215 million
- Cash taxes are projected to be $12 million to $14 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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Avg. Return Before/After Earnings
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