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Dec 31, 2022
SunCoke Q4 2022 Earnings Report
Reported record financial performance for the second consecutive year from cokemaking and logistics businesses.
Key Takeaways
SunCoke Energy reported strong Q4 2022 results, driven by favorable contribution margins from export coke sales and strong volumes and pricing within its Logistics segment. The company's net income attributable to SXC was $11.8 million, or $0.14 per share, in the fourth quarter 2022. Fourth quarter Adjusted EBITDA was $58.9 million.
Net income attributable to SXC was $11.8 million, or $0.14 per share, in Q4 2022.
Full-year 2022 consolidated Adjusted EBITDA was $297.7 million, representing record full-year financial performance; Fourth quarter Adjusted EBITDA was $58.9 million.
Operating cash flow was $208.9 million for the full-year 2022.
Full-year 2023 consolidated Adjusted EBITDA is expected to be between $250 million and $265 million
Revenue by Segment
Forward Guidance
SunCoke Energy expects 2023 consolidated Adjusted EBITDA to be between $250 million and $265 million, driven by its Domestic Coke plants continuing to operate at full capacity, but with the backdrop of a weaker export market.
Positive Outlook
- Domestic coke total production is expected to be approximately 4.0 million tons
- Consolidated Net Income is expected to be between $59 million and $76 million
- Consolidated Adjusted EBITDA is expected to be between $250 million to $265 million
- Operating cash flow is estimated to be between $200 million and $215 million
- Cash taxes are projected to be between $12 million and $16 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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