SunCoke Energy Inc (STU:S01)
€ 11.8 0.3 (2.61%) Market Cap: 992.07 Mil Enterprise Value: 1.30 Bil PE Ratio: 12.64 PB Ratio: 1.61 GF Score: 70/100
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Q1 2024 SunCoke Energy Inc Earnings Call Transcript

May 01, 2024 / 03:30PM GMT

Key Points

Positve
  • SunCoke Energy Inc (SXC) reported strong operational performance with domestic coke plants running at full capacity.
  • The company achieved higher volumes at domestic logistics terminals, handling 5.5 million tons during the quarter.
  • SunCoke Energy Inc (SXC) reported a consolidated adjusted EBITDA of $67.9 million for the first quarter.
  • The company maintained a strong liquidity position, ending the quarter with $470.1 million.
  • All spot blast and foundry coke sales have been finalized for the full year, positioning SunCoke Energy Inc (SXC) well to meet its full-year adjusted EBITDA guidance.
Negative
  • Lower throughput volumes at CMT contributed to a slight decrease in logistics business adjusted EBITDA compared to the previous year.
  • The company experienced a negative impact from the timing of working capital changes, although this is expected to reverse over the year.
  • SunCoke Energy Inc (SXC) faces uncertainties in contract renewals and market conditions that could affect future performance.
  • The logistics segment's performance is subject to volatility, as seen in past quarters.
  • There are ongoing challenges and complexities involved with the GPI project, including detailed engineering and negotiations with US Steel.
Operator

Thank you for your patience, everyone, to the SunCoke Energy First Quarter 2024 earnings call will begin shortly. During the presentation, you will have the opportunity to ask a question by pressing star, followed by one on your telephone keypad. The conference call will begin at 1130.

Good morning, everyone, and welcome to the SunCoke Energy First Quarter 2024 earnings call. My name is Angela, and I'll be coordinating your call today. During the presentation, you can register to ask a question by pressing star, followed by one on your telephone keypad. If you change your mind, please press star followed by team. I will now hand you over to your host, Shantanu Agrawal, Vice President, Finance and Treasurer.

Please go ahead.

Shantanu Agrawal
SunCoke Energy Inc - Vice President - Finance, Treasurer

Thanks, Angela. Good morning and thank you for joining us this morning. To discuss SunCoke Energy's first quarter 2024 results. With me today are Mike Robey, Chief Executive Officer, Catherine Gates, President, and Mark Marango, Senior Vice

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