earnings
confidence high
sentiment positive
materiality 0.80
SunCoke Q2 net income $18M, raises FY22 Adj EBITDA guidance to $270-285M; dividend up 33% to $0.08
SunCoke Energy, Inc.
2022-Q2 EPS reported
$0.56
revenue$941,700,000
- Q2 net income $18.0M ($0.21/share) vs net loss $8.8M; Adj EBITDA $71.3M, up $3.3M YoY on higher export margins.
- FY22 Adj EBITDA guidance raised to $270-285M from $240-255M; Domestic Coke production expected ~4.1M tons.
- Board increased quarterly dividend 33% to $0.08/share, payable Sep 1, record Aug 18.
- Non-binding LOI with U.S. Steel to acquire Granite City blast furnaces and build 2.0M ton/year pig iron facility.
- Domestic Coke sales 1,007k tons (-5.3% YoY); Logistics EBITDA $12.5M (+$1.1M) on favorable CMT pricing.