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Sep 30, 2023
SunCoke Q3 2023 Earnings Report
Reported solid operating performance from cokemaking and logistics segments.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
SunCoke Energy expects to achieve the high end of its full-year 2023 Consolidated Adjusted EBITDA guidance range of $250 million to $265 million.
Positive Outlook
- Domestic Coke total production is expected to be approximately 4.0 million tons
- Consolidated Net Income is expected to be between $49 million and $68 million
- Consolidated Adjusted EBITDA is expected be on the high end of $250 million and $265 million
- Operating cash flow is estimated to be between $200 million to $215 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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