NYSE$SXC

SunCoke Energy Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong results driven by robust performance in the Domestic Coke and Logistics segments.

SunCoke Energy, Inc. reported a net loss attributable to SXC of $8.8 million, or $0.11 per share, for the second quarter of 2021. Adjusted EBITDA for the quarter was $68.0 million, up 15 percent versus the prior year period. The company completed a debt refinancing, extending maturities and achieving significant interest rate savings. Full-year 2021 Adjusted EBITDA guidance was increased from $215 million - $230 million to $255 million - $265 million.

  • Second quarter 2021 net loss attributable to SXC was $8.8 million, or $0.11 per share, reflecting a $22.7 million impact of debt extinguishment costs related to debt refinancing.
  • Adjusted EBITDA for the quarter was $68.0 million, up 15 percent versus the prior year period.
  • Debt refinancing was completed, extending maturities and achieving interest rate savings of approximately $17 million on an annual basis.
  • Full-year 2021 Adjusted EBITDA guidance range was increased from $215 million - $230 million to $255 million - $265 million.

Headline financials

Total Revenue

$364M

Previous: $338M+7.8%
EPS (adj)

$0.27

Previous: $0.08+237.5%
Adjusted EBITDA

$68M

Previous: $59M+15.3%
Capital Expenditures

-$13.6M

Previous: -$14.1M+3.5%
Free Cash Flow

-$22.4M

Previous: -$7.6M-194.7%
Net Income

-$8.8M

Previous: $6.5M-235.4%
Operating Income

$33.9M

Previous: $24.9M+36.1%
Gross Profit

$85.7M

Previous: $75.5M+13.5%
Cash & Equivalents

$51.7M

Previous: $81.1M-36.3%
Total Assets

$1.6B

Previous: $1.68B-4.8%
Stock-Based Comp

$1.8M

Previous: $1.2M+50.0%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$364M

Q2 2021+7.8%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

SunCoke · $339M total across 1 segment · Q2 2021

  • Domestic Coke
    $339M+4.7%

Forward guidance

SunCoke Energy revised its 2021 guidance based on higher margin and volume in Domestic Coke plants driven by export and foundry coke sales, and higher Logistics volumes. Consolidated Adjusted EBITDA is expected to be $255 million to $265 million.

Tailwinds

  • Domestic Coke total production is expected to be approximately 4.15 million tons.
  • Consolidated Adjusted EBITDA is expected to be $255 million to $265 million.
  • Capital expenditures are projected to be approximately $90 million.
  • Cash generated by operations is estimated to be $208 million to $223 million.
  • Cash taxes are projected to be $5 million to $10 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.9%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+64.3%

Q4 2015

Best reaction

-35.2%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+6.1%+34.5%
Q4 2025-14.2%-22.2%-22.0%
Q3 2025-17.2%-17.8%-18.0%
Q1 2025-7.6%-8.3%-16.9%
Q4 2024-3.2%-2.8%-8.9%
Q3 2024+13.9%+27.7%+44.5%
Q2 2024-4.6%-15.3%-17.6%
Q1 2024-1.7%-0.3%+2.3%
Q4 2023+11.1%+7.8%+5.4%
Q3 2023-4.5%-4.1%-0.5%
Q2 2023+10.6%+3.7%+4.7%
Q1 2023+3.1%+5.6%-2.0%
Q4 2022-0.5%+4.9%+13.2%
Q3 2022+10.5%+22.4%+23.9%
Q2 2022-6.4%-6.8%-12.4%
Q1 2022+0.6%-3.0%-2.3%
Q4 2021+3.8%+10.9%+35.5%
Q3 2021-4.7%-4.4%-16.6%
Q2 2021+13.3%+11.4%+3.8%
Q1 2021+2.9%+12.6%+13.2%
Q4 2020+3.8%+4.3%+19.5%
Q3 2020+4.4%+4.7%+50.9%
Q2 2020+1.6%-1.3%+7.5%
Q1 2020+9.4%-8.7%+38.8%
Q4 2019-0.9%+11.9%-16.9%
Q3 2019+7.0%+5.1%-5.3%
Q2 2019-15.7%-23.7%-30.0%
Q1 2019-0.9%-0.5%-11.4%
Q4 2018-6.6%-9.1%-17.7%
Q3 2018+13.2%+12.5%+1.4%
Q2 2018-9.3%-13.0%-13.9%
Q1 2018+7.5%+5.8%+22.0%
Q4 2017-13.0%-19.5%-8.2%
Q3 2017+5.6%+4.5%+7.4%
Q2 2017-14.5%-19.7%-14.7%
Q1 2017+18.8%+17.3%+3.9%
Q4 2016-8.2%-17.1%-10.2%
Q3 2016+10.4%+17.4%+39.0%
Q2 2016-4.7%-11.1%-18.4%
Q1 2016+0.9%
Q4 2015+64.3%
Q3 2015-35.2%
Q2 2015+7.0%
Q1 2015+10.0%
Q4 2014-8.9%
Q3 2014+6.2%
Q2 2014+7.0%
Q1 2014-1.2%
Q4 2013+4.7%
Q3 2013+2.4%
Q2 2013+4.7%
Q1 2013-5.2%
Q4 2012+1.1%
Q3 2012-1.8%
Q2 2012+8.7%
Q1 2011-2.9%
Q1 2012+2.0%
Q4 2011+0.7%
Q3 2011+1.8%
Q3 2010+1.8%
Q4 2010-8.3%
Q4 2009-8.3%
Q2 2011-8.3%
Q2 2010
Q1 2010

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