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Dec 31, 2019
SunCoke Q4 2019 Earnings Report
SunCoke Energy reported a net loss but emphasized strong operating performance from their Domestic Coke business and progress on strategic objectives.
Key Takeaways
SunCoke Energy reported Q4 2019 results, with a net loss attributable to SXC of $1.4 million, or $0.02 per share. The company's Adjusted EBITDA for the quarter was $50.8 million. Despite challenges in the Logistics segment, SunCoke focused on enhancing performance in its core domestic cokemaking operations and maintaining a balanced approach to capital allocation.
Net loss attributable to SXC was $1.4 million, or $0.02 per share in Q4 2019.
Q4 2019 Adjusted EBITDA was $50.8 million.
Revenues increased $28.3 million in Q4 2019, primarily reflecting higher coal prices and sales volumes in the Domestic Coke segment.
Adjusted EBITDA decreased $15.1 million in Q4 2019, impacted by a coal export customer's bankruptcy but partially offset by improved Domestic Coke performance.
Revenue by Segment
Forward Guidance
The Company expects 2020 consolidated Adjusted EBITDA to be between $235 million and $245 million, driven by continued improvement in our cokemaking business, partially offset by the challenges faced by our coal export customers in our logistics business.
Positive Outlook
- Domestic coke production is expected to be approximately 4.3 million tons
- Consolidated Adjusted EBITDA is expected to be between $235 million to $245 million
- Cash generated by operations is estimated to be between $170 million and $185 million
- Capital expenditures are projected to be between $70 million to $80 million
- Cash taxes are projected to be between $4 million to $8 million
Challenges Ahead
- Continued Logistics customer disruption
- Anticipated renegotiated contract with our CMT customer, Foresight Energy
- Challenges faced by our coal export customers in our logistics business
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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