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Suncoke Energy Inc (SXC)
NYSE:SXC
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 20.73%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in adjusted EBITDA growth, favorable regulatory exemptions, and strong logistics performance. However, challenges in the Domestic Coke segment and less favorable terms in the Granite City supply agreement were notable lowlights. Despite these challenges, the overall sentiment is optimistic, supported by increased EBITDA guidance and strong liquidity.Company Guidance
During the third quarter 2024 earnings call for SunCoke Energy, the company announced a significant increase in full-year consolidated adjusted EBITDA guidance to a range of $260 million to $270 million, driven by strong logistics performance and a $9.5 million pretax gain from a regulatory exemption on black lung liabilities. The company reported a third-quarter consolidated adjusted EBITDA of $75.3 million and a leverage ratio of 1.86x. SunCoke also highlighted key operational metrics, including a $36 million payment to the Department of Labor, reducing black lung liabilities from $45.5 million, and a 3-year barge-to-rail coal handling agreement at the KRT Logistics facility. The logistics segment is expected to handle approximately 22 million tons for the full year, bolstered by a $12 million capacity expansion. Despite a decrease in Domestic Coke adjusted EBITDA guidance to $230 million to $235 million, the company's liquidity remained robust with $514.7 million, including a cash balance of $164.7 million and a fully undrawn revolver of $350 million.Increase in Adjusted EBITDA
Consolidated adjusted EBITDA for Q3 2024 was $75.3 million, up from $65.4 million in the prior year period, driven by gains on extinguishment of black lung liabilities and higher volumes at domestic logistics terminals.
Regulatory Exemption Gain
SunCoke Energy received a $9.5 million pretax gain due to a regulatory exemption from the Department of Labor that eliminates most of their legacy federal black lung liabilities.
Increased Guidance for Full Year EBITDA
Full year consolidated adjusted EBITDA guidance has been increased to between $260 million to $270 million, primarily driven by favorable logistics performance.
Strong Logistics Performance
Logistics business generated $13.7 million in adjusted EBITDA, up from $8.4 million in Q3 2023, with total logistics volume guidance increased to approximately 22 million tons for the full year.
Liquidity Position
SunCoke ended Q3 with a strong liquidity position of $514.7 million, including a cash balance of $164.7 million and a fully undrawn revolver of $350 million.
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SXC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SXC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $8.54 | $10.21 | +19.56% |
| Jul 31, 2024 | $10.62 | $11.43 | +7.63% |
| May 01, 2024 | $9.97 | $9.53 | -4.41% |
| Feb 01, 2024 | $9.82 | $10.26 | +4.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Suncoke Energy Inc (SXC) report earnings?
Suncoke Energy Inc (SXC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Suncoke Energy Inc (SXC) earnings time?
Suncoke Energy Inc (SXC) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SXC EPS forecast?
SXC EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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