NYSE$SXC

SunCoke Energy Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong performance in the Domestic Coke and Logistics segments, with higher margins from export coke sales offsetting planned outages and Logistics delivering solid results due to higher volumes and favorable pricing.

SunCoke Energy, Inc. reported strong second quarter 2022 results, driven by continued strong performance in the Domestic Coke and Logistics segments. The company's net income attributable to SXC was $18.0 million, or $0.21 per share. Adjusted EBITDA for the quarter was $71.3 million, an increase of $3.3 million versus the prior year period. The company is increasing full year 2022 Adjusted EBITDA guidance range from $240 million - $255 million to $270 million - $285 million.

  • Second quarter 2022 net income attributable to SXC was $18.0 million, or $0.21 per share.
  • Adjusted EBITDA for the quarter was $71.3 million, an increase of $3.3 million versus the prior year period.
  • Increased quarterly dividend to 8 cents per share; a 33% increase.
  • Entered into a non-binding letter of intent with United States Steel Corporation (“U.S. Steel”) to acquire U.S. Steel’s Granite City blast furnaces and build a 2.0M ton per year granulated pig iron facility.

Headline financials

Total Revenue

$502M

Previous: $364M+37.8%
EPS (adj)

$0.21

Previous: $0.27-22.2%
Adjusted EBITDA

$71.3M

Previous: $68M+4.9%
Capital Expenditures

-$21.1M

Previous: -$13.6M-55.1%
Free Cash Flow

-$3.1M

Previous: -$22.4M+86.2%
Net Income

$18M

Previous: -$8.8M+304.5%
Operating Income

$34.5M

Previous: $33.9M+1.8%
Gross Profit

$90.1M

Previous: $85.7M+5.1%
Cash & Equivalents

$63.4M

Previous: $51.7M+22.6%
Total Assets

$1.68B

Previous: $1.6B+5.0%
Stock-Based Comp

$1.9M

Previous: $1.8M+5.6%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$502M

Q2 2022+37.8%vs Q2 2021
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

SunCoke · $473M total across 1 segment · Q2 2022

  • Domestic Coke
    $473M+39.5%

Forward guidance

SunCoke Energy, Inc. is increasing full year 2022 Adjusted EBITDA guidance range from $240 million - $255 million to $270 million - $285 million, reflecting continued success in the export coke market and strong performance at CMT.

Tailwinds

  • Higher export margins in our Domestic Coke plants
  • API2 price adjustment benefit at CMT

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 2022

Historical avgQ2 2022

+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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