NYSE$SXC

SunCoke Energy Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong performance from cokemaking business despite running at lowered rates.

SunCoke Energy reported a net loss of $2.7 million, or $0.03 per share, for the third quarter of 2020. Adjusted EBITDA for the quarter was $47.8 million. The company reaffirmed its full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million.

  • Third quarter 2020 net loss attributable to SXC was $2.7 million, or $0.03 per share
  • Adjusted EBITDA for the quarter was $47.8 million
  • Reaffirming full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million
  • Extended Haverhill II coke agreement with AK Steel for an additional two years

Headline financials

Total Revenue

$302M

Previous: $404M-25.3%
EPS (adj)

-$0.03

Previous: $0.13-123.1%
Adjusted EBITDA

$47.8M

Previous: $66.7M-28.3%
Capital Expenditures

-$16.5M

Previous: -$28.4M+41.9%
Free Cash Flow

-$19.2M

Previous: -$191M+90.0%
Net Income

-$2.7M

Previous: -$163M+98.3%
Operating Income

$12M

Previous: -$212M+105.6%
Gross Profit

$63.9M

Previous: $404M-84.2%
Cash & Equivalents

$86M

Previous: $93.7M-8.2%
Total Assets

$1.66B

Previous: $1.77B-5.9%
Stock-Based Comp

$600K

Previous: $1.2M-50.0%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$302M

Q3 2020-25.3%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

SunCoke · $287M total across 1 segment · Q3 2020

  • Domestic Coke
    $287M

Forward guidance

SunCoke Energy reaffirmed its full-year 2020 Adjusted EBITDA guidance of $190 million to $200 million.

Tailwinds

  • Domestic coke production is expected to be approximately 3.75 million tons
  • Domestic coke Adjusted EBITDA/ton is expected to be between $53 to $54/ton
  • Consolidated Adjusted EBITDA is expected to be between $190 to $200 million
  • Capital expenditures are projected to be approximately $80 million, which includes approximately $12 million for foundry coke
  • Free Cash Flow is estimated to be between $36 million and $56 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 Q3 2020

Historical avgQ3 2020

+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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