• Consolidated Adjusted EBITDA: $63.5 million for Q2 2024, down from $74 million in Q2 2023.

• Net Income: $0.25 per share for Q2 2024, up $0.01 from the prior year period.

• Domestic Coke Adjusted EBITDA: $57.9 million for Q2 2024.

• Coke Sales Volumes: 973,000 tons for Q2 2024.

• Logistics Adjusted EBITDA: $12.2 million for Q2 2024, up from $11.7 million in Q2 2023.

• Logistics Throughput Volumes: 6 million tons for Q2 2024, up from 5.2 million tons in Q2 2023.

• Cash Balance: $81.9 million at the end of Q2 2024.

• Operating Cash Flow Guidance: Reaffirmed at $185 million to $200 million for full-year 2024.

• Capital Expenditures: $17.5 million for Q2 2024.

• Quarterly Dividend: Increased by 20% from $0.10 to $0.12 per share.

• Full-Year Adjusted EBITDA Guidance: Expected at the high end of $240 million to $255 million.

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Release Date: July 31, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• SunCoke Energy Inc (NYSE:SXC) achieved consolidated adjusted EBITDA of $63.5 million in Q2 2024, positioning the company to reach the high end of its full-year guidance range.

• The Board of Directors approved a 20% increase in the quarterly dividend, reflecting confidence in the company's core business strength and stability.

• Domestic coke plants operated at full capacity, and logistics terminals handled 6 million tons during the quarter, showcasing operational efficiency.

• The logistics segment experienced strong performance, with a 12.2% increase in adjusted EBITDA compared to the previous year, driven by higher transloading volumes.

• SunCoke Energy Inc (NYSE:SXC) ended Q2 with a strong liquidity position of $431.9 million, including a cash balance of $81.9 million and a fully undrawn revolver of $350 million.

Negative Points

• Consolidated adjusted EBITDA decreased from $74 million in Q2 2023 to $63.5 million in Q2 2024, primarily due to lower blast coke sales volumes.

• Lower coal-to-coke yields and reduced API2 price adjustment benefits negatively impacted the domestic coke segment's performance.

• The company anticipates a modest decline in total logistics handling tons in the second half of the year compared to the first half.

• Net cash used in operating activities was $9.3 million, negatively impacted by the timing of approximately $68 million of cash receipts at quarter-end.

• The domestic coke segment faced challenges with lower sales volumes and pricing, affecting overall financial performance.