NYSE$SXC

SunCoke Energy Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record financial performance for the second consecutive year from cokemaking and logistics businesses.

SunCoke Energy reported strong Q4 2022 results, driven by favorable contribution margins from export coke sales and strong volumes and pricing within its Logistics segment. The company's net income attributable to SXC was $11.8 million, or $0.14 per share, in the fourth quarter 2022. Fourth quarter Adjusted EBITDA was $58.9 million.

  • Net income attributable to SXC was $11.8 million, or $0.14 per share, in Q4 2022.
  • Full-year 2022 consolidated Adjusted EBITDA was $297.7 million, representing record full-year financial performance; Fourth quarter Adjusted EBITDA was $58.9 million.
  • Operating cash flow was $208.9 million for the full-year 2022.
  • Full-year 2023 consolidated Adjusted EBITDA is expected to be between $250 million and $265 million

Headline financials

Total Revenue

$514M

Previous: $365M+40.7%
EPS (adj)

$0.14

Previous: $0.15-6.7%
Capital Expenditures

$19.8M

Previous: $46.5M-57.4%
Free Cash Flow

$68.5M

Previous: $2.6M+2534.6%
Net Income

$12.8M

Previous: $12.7M+0.8%
Operating Income

$23M

Previous: $28M-17.9%
Gross Profit

$72.3M

Previous: $76.4M-5.4%
Cash & Equivalents

$90M

Previous: $63.8M+41.1%
Total Assets

$1.65B

Previous: $1.62B+2.4%
Stock-Based Comp

$1.7M

Previous: $1.8M-5.6%

Revenue & EPS history

SunCoke · Revenue · Quarterly

$514M

Q4 2022+40.7%vs Q4 2021
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

SunCoke · $485M total across 1 segment · Q4 2022

  • Domestic Coke
    $485M+42.6%

Forward guidance

SunCoke Energy expects 2023 consolidated Adjusted EBITDA to be between $250 million and $265 million, driven by its Domestic Coke plants continuing to operate at full capacity, but with the backdrop of a weaker export market.

Tailwinds

  • Domestic coke total production is expected to be approximately 4.0 million tons
  • Consolidated Net Income is expected to be between $59 million and $76 million
  • Consolidated Adjusted EBITDA is expected to be between $250 million to $265 million
  • Operating cash flow is estimated to be between $200 million and $215 million
  • Cash taxes are projected to be between $12 million and $16 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 Q4 2022

Historical avgQ4 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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