SunCoke Energy reported third quarter 2023 results with a net income attributable to SXC of $7.0 million, or $0.08 per share. Consolidated Adjusted EBITDA was $65.4 million, a decrease of $18.3 million versus the prior year period. The company is well positioned to achieve the high end of full-year 2023 Consolidated Adjusted EBITDA guidance range of $250 million to $265 million.
Net income attributable to SXC was $7.0 million, or $0.08 per share.
Consolidated Adjusted EBITDA for the quarter was $65.4 million, a decrease of $18.3 million versus the prior year period.
Revenues increased $3.6 million as compared to the same prior year period, primarily driven by the pass-through of higher coal prices on our long-term, take-or-pay agreements, partially offset by lower volumes in the logistics segment.
Company remains well positioned to achieve the high end of its 2023 Consolidated Adjusted EBITDA guidance range.
SunCoke Energy expects to achieve the high end of its full-year 2023 Consolidated Adjusted EBITDA guidance range of $250 million to $265 million.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance