SunCoke Energy reported Q4 2023 results with revenues of $520.6 million and net income attributable to SXC of $13.8 million. The company's Adjusted EBITDA for Q4 2023 was $62.3 million. They provided full-year 2024 guidance.
Net income attributable to SXC was $13.8 million, or $0.16 per diluted share, in the fourth quarter 2023
Fourth quarter 2023 consolidated Adjusted EBITDA was $62.3 million
Revenues increased during the fourth quarter 2023 as compared to the same prior year period, primarily reflecting the pass-through of higher coal costs in the Domestic Coke segment, partially offset by lower volumes at Convent Marine Terminal (“CMT”) in the Logistics segment.
Net income attributable to SXC for the fourth quarter 2023 increased from the same prior year period, driven by higher coal-to-coke yields and favorable O&M recovery on our long-term, take-or-pay contracts and lower interest expense.
SunCoke Energy provided full-year 2024 guidance, including consolidated Adjusted EBITDA is expected to be between $240 million to $255 million.
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