NYSE$SXC

SunCoke Energy Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong operational performance from cokemaking and logistics segments, and made significant progress on key initiatives.

SunCoke Energy reported a net income attributable to SXC of $30.7 million, or $0.36 per diluted share, compared to $7.0 million, or $0.08 per diluted share in the prior year period. Consolidated Adjusted EBITDA was $75.3 million, compared to $65.4 million in the prior year period. The company increased full-year 2024 Consolidated Adjusted EBITDA guidance range to $260 million - $270 million.

  • Net income attributable to SXC increased to $30.7 million from $7.0 million in the prior year period.
  • Consolidated Adjusted EBITDA increased to $75.3 million from $65.4 million in the prior year period.
  • Received a regulatory exemption from the DOL, eliminating the majority of legacy black lung liabilities for a one-time payment of $36.0 million, resulting in a one-time gain of $9.5 million.
  • Extended Granite City coke supply agreement with U.S. Steel through June 2025.

Headline financials

Total Revenue

$490M

Previous: $520M-5.8%
EPS

$0.36

Previous: $0.08+350.0%
Adjusted EBITDA

$75.3M

Previous: $65.4M+15.1%
Capital Expenditures

-$48.1M

Previous: -$34.1M-41.1%
Free Cash Flow

-$17.4M

Previous: -$27.1M+35.8%
Net Income

$30.7M

Previous: $7M+338.6%
Operating Income

$47.2M

Previous: $29.7M+58.9%
Cash & Equivalents

$165M

Previous: $126M+30.8%
Total Assets

$1.65B

Previous: $1.68B-1.5%
Stock-Based Comp

$1.1M

Previous: $1.1M+0.0%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$490M

Q3 2024-5.8%vs Q3 2023
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

SunCoke · $496M total across 1 segment · Q3 2023

  • Domestic Coke
    $496M+1.6%

Forward guidance

The company is increasing its full-year 2024 Consolidated Adjusted EBITDA guidance range to $260 million - $270 million, reflecting favorable logistics performance, and the gain resulting from the DOL regulatory exemption.

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 2024

Historical avgQ3 2024

+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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