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SunCoke Energy, Inc. (SXC) Q3 2024 Earnings Call Transcript Summary

Futu News ·  04:58  · Conference Call

The following is a summary of the SunCoke Energy, Inc. (SXC) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • SunCoke Energy reported Q3 2024 consolidated adjusted EBITDA of $75.3 million, including a one-time gain of $9.5 million from a regulatory exemption.

  • The company reported a net income of $0.36 per share, up from $0.28 in the prior year, primarily due to the one-time gain.

  • Full-year guidance for consolidated adjusted EBITDA has been raised to between $260 million and $270 million, driven by favorable logistics performance and regulatory gains.

Business Progress:

  • SunCoke extended the Granite City coke supply agreement with U.S. Steel through June 30, 2025.

  • Signed a three-year barge-to-rail coal handling agreement, planning a $12 million expansion project to increase barge unloading capacity at KRT logistics facility.

Opportunities:

  • New logistics contract and expansion at the KRT facility, targeted completion in Q2 2025, aim to increase handling volume capacity from 2 million to 5 million tons per year.

Risks:

  • Revised full year domestic coke adjusted EBITDA guidance downwards due to lower coal-to-coke yields and adverse weather impacts.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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