0001514705FALSE00015147052025-01-302025-01-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

January 30, 2025
Date of Report (date of earliest event reported)
___________________________________
SunCoke Energy, Inc.
(Exact name of registrant as specified in its charter)
___________________________________

Delaware
(State of Incorporation)
001-35243
(Commission File Number)
90-0640593
(IRS Employer Identification Number)
1011 Warrenville Road, Suite 600
Lisle,IL60532
(Address of principal executive offices and zip code)
(630)824-1000
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common stock, par value $0.01SXCNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



Item 2.02 - Results of Operations and Financial Condition.

On January 30, 2025, SunCoke Energy, Inc. (the “Company”) issued a press release announcing fourth quarter and full-year 2024 financial results. A copy of this press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01 - Regulation FD Disclosure.

As noted above, on January 30, 2025, the Company issued a press release announcing fourth quarter and full-year 2024 financial results. Additional information concerning the Company’s fourth quarter and full-year 2024 financial results will be presented in a slide presentation to investors during a previously announced teleconference on January 30, 2025. A copy of the slide presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

The information in this report, being furnished pursuant to Items 2.02, 7.01 and 9.01 of Form 8-K, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and is not incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On January 30, 2025, the Company issued a press release announcing the declaration of its quarterly cash dividend. A copy of this press release is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

Safe Harbor Statement

Statements contained in the exhibits to this report that state the Company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.

Item 9.01 - Financial Statements and Exhibits.

(d): The following exhibits are being filed herewith:

Exhibit No.Description
99.1
99.2
99.3
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 30th day of January, 2025.


SUNCOKE ENERGY, INC.
By:
/s/ Mark W. Marinko
Name:
Mark W. Marinko
Title:
Senior Vice President and Chief Financial Officer




suncokebiglogoa03.jpg



SUNCOKE ENERGY, INC. ANNOUNCES 2024 RESULTS AND
PROVIDES FULL-YEAR 2025 GUIDANCE


•Net income attributable to SXC was $95.9 million, or $1.12 per diluted share, for the full-year 2024; Net income attributable to SXC was $23.7 million, or $0.28 per diluted share, in the fourth quarter 2024

•Full-year 2024 consolidated Adjusted EBITDA(1) was $272.8 million; fourth quarter 2024 consolidated Adjusted EBITDA(1) was $66.1 million

•Operating cash flow was $168.8 million for the full-year 2024

•Record safety performance for 2024, with a Total Recordable Incident Rate (TRIR) of 0.50

•Full-year 2025 consolidated Adjusted EBITDA(1) is expected to be between $210 million and $225 million


LISLE, Ill. (January 30, 2025) - SunCoke Energy, Inc. (NYSE: SXC) (the "Company" or "SunCoke") today reported fourth quarter and full-year 2024 results, reflecting record safety performance and strong operational performance from our cokemaking and logistics businesses.

"2024 was another strong year for SunCoke, with our domestic coke fleet continuing to run at full capacity throughout the year. New domestic logistics business and higher API2 price adjustment at Convent Marine Terminal drove favorable results in the Logistics segment. Operational performance, coupled with the one-time gain from the elimination of the majority of our legacy black lung liabilities, resulted in full-year Adjusted EBITDA exceeding the high-end of our revised guidance range," said Katherine Gates, President and CEO of SunCoke Energy, Inc. "We achieved record safety performance in 2024, with an annual Total Recordable Incident Rate (TRIR) of 0.50. This best-in-class performance demonstrates the dedication and commitment of our employees, and I would like to thank them for their contributions. We made excellent progress growing our logistics business during the year, with the execution of a new coal handling agreement at Kanawha River Terminal and extension of the coal handling agreement at Convent Marine Terminal. Additionally, we continued to make progress on our capital allocation goals by increasing the quarterly dividend by 20 percent."
"Looking ahead to 2025, as previously announced, the Granite City cokemaking contract extension at lower economics will adversely impact financial results. Additionally, we anticipate lower margins on higher spot coke sales due to challenging market conditions, with a tepid steel demand outlook and oversupply in the seaborne coke market driving down coke pricing," Gates continued. "With a solid balance sheet and healthy cash flow generation, we are well positioned to navigate through this challenging steel industry cycle. Additionally, we will remain focused on executing against our well established objectives of exceptional safety performance, operational excellence, and a balanced approach to capital allocation, including the anticipated continuation of the quarterly dividend. We are committed to positioning the Company for sustained success and delivering significant value to SunCoke stakeholders."

(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.

CONSOLIDATED RESULTS
Three Months Ended December 31,Years Ended December 31,
(Dollars in millions)
20242023Increase/(Decrease)20242023Increase/(Decrease)
Revenues$486.0 $520.6 $(34.6)$1,935.4 $2,063.2 $(127.8)
Net income attributable to SXC$23.7 $13.8 $9.9 $95.9 $57.5 $38.4 
Adjusted EBITDA(1)
$66.1 $62.3 $3.8 $272.8 $268.8 $4.0 
(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.

Revenues decreased during both the fourth quarter and full-year 2024 as compared to the same prior year periods, primarily reflecting the pass-through of lower coal costs in the Domestic Coke segment.

Net income attributable to SXC for the fourth quarter 2024 increased from the same prior year period, primarily driven by lower depreciation expense. Net income attributable to SXC for the full-year 2024 increased from the same prior year period, primarily driven by lower depreciation expense, the one-time gain of $9.5 million on the elimination of the majority of our legacy black lung liabilities resulting from the U.S. Department of Labor (DOL) exemption recorded in the third quarter of 2024, and lower income tax expense.

Fourth quarter 2024 Adjusted EBITDA increased as compared to the same prior year period, primarily driven by lower planned outage costs in the Domestic Coke segment and higher transloading volumes in the Logistics segment. Full-year 2024 Adjusted EBITDA increased as compared to the same prior year period, primarily driven by the one-time gain of $9.5 million on the elimination of the majority of our legacy black lung liabilities resulting from the DOL exemption recorded in the third quarter of 2024, higher transloading volumes at domestic logistics terminals, and higher API2 price adjustment benefit at CMT, partially offset by lower coal-to-coke yields on our long-term, take-or-pay contracts in the Domestic Coke segment.


SEGMENT RESULTS

Domestic Coke
Domestic Coke consists of cokemaking facilities and heat recovery operations at our Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants.
Three Months Ended December 31,Years Ended December 31,
(Dollars in millions, except per ton amounts)
20242023Increase/(Decrease)20242023Increase/(Decrease)
Revenues$456.3 $493.6 $(37.3)$1,817.3 $1,954.0 $(136.7)
Adjusted EBITDA(1)
$57.3 $55.2 $2.1 $234.7 $247.8 $(13.1)
Sales Volume (in thousands of tons)
1,032 1,037 (5)4,028 4,046 (18)
Adjusted EBITDA per ton(2)
$55.52 $53.23 $2.29 $58.27 $61.25 $(2.98)
(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.
(2)Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.
The decreases in revenues for both the fourth quarter and full-year 2024 as compared to the same prior year periods primarily reflect the pass-through of lower coal costs.
Fourth quarter 2024 Adjusted EBITDA increased as compared to the same prior year period, primarily driven by lower planned outage costs. Full-year 2024 Adjusted EBITDA decreased as compared to the same prior year period primarily driven by lower coal-to-coke yields on our long-term, take-or-pay contracts.
2

Logistics
Logistics consists of the handling and mixing services of coal and other aggregates at our Convent Marine Terminal (“CMT”), Lake Terminal, and Kanawha River Terminals (“KRT”).

Three Months Ended December 31,Years Ended December 31,
(Dollars in millions)20242023Increase/(Decrease)20242023Increase/(Decrease)
Revenues$20.8 $17.6 $3.2 $83.0 $74.0 $9.0 
Intersegment sales$5.1 $5.2 $(0.1)$22.9 $22.1 $0.8 
Adjusted EBITDA(1)
$11.5 $10.7 $0.8 $50.4 $44.3 $6.1 
Tons handled (thousands of tons)(2)
5,262 5,022 240 22,540 20,483 2,057 
(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.
(2)Reflects inbound tons handled during the period.

The increases in both revenues and Adjusted EBITDA for the fourth quarter and full-year 2024 as compared to the same prior year periods were driven by higher transloading volumes at domestic logistics terminals and higher API2 price adjustment benefit at CMT.

Brazil Coke
Brazil Coke consists of a cokemaking facility in Vitória, Brazil, which we operate for an affiliate of ArcelorMittal.

Three Months Ended December 31,Years Ended December 31,
(Dollars in millions)20242023Increase/(Decrease)20242023Increase/(Decrease)
Revenues$8.9 $9.4 $(0.5)$35.1 $35.2 $(0.1)
Adjusted EBITDA(1)
$2.5 $2.2 $0.3 $9.9 $9.1 $0.8 
Brazilian Coke production—operated facility (thousands of tons)388 383 5 1,579 1,558 21 
(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.

Revenues and Adjusted EBITDA for the fourth quarter and full-year 2024 were reasonably consistent with the same prior year periods.

Corporate and Other
Corporate expenses that can be identified with a segment have been included in determining segment results. The remainder is included in Corporate and Other, which is not a reportable segment.

Three Months Ended December 31,Years Ended December 31,
(Dollars in millions)20242023Increase/(Decrease)20242023Increase/(Decrease)
Adjusted EBITDA(1)
$(5.2)$(5.8)$0.6 $(22.2)$(32.4)$10.2 
(1)See definition and reconciliation of Adjusted EBITDA elsewhere in this release.

Corporate and Other Adjusted EBITDA results for the fourth quarter 2024 were reasonably consistent with the same prior year period. Corporate and Other Adjusted EBITDA results for the full-year 2024 were favorable as compared to the same prior year period, primarily driven by the one-time gain of $9.5 million on the elimination of the majority of our legacy black lung liabilities resulting from the DOL exemption recorded in the third quarter of 2024.
3


2025 OUTLOOK

Our 2025 guidance is as follows:
•Domestic coke total production is expected to be approximately 4.0 million tons
•Consolidated Net Income is expected to be between $52 million and $69 million
•Consolidated Adjusted EBITDA is expected to be between $210 million to $225 million
•Capital expenditures are projected to be approximately $65 million
•Operating cash flow is estimated to be between $165 million and $180 million
•Cash taxes are projected to be between $17 million and $21 million

RELATED COMMUNICATIONS

We will host our quarterly earnings call at 11:00 am ET today. The conference call will be webcast live at https://event.choruscall.com/mediaframe/webcast.html?webcastid=6xIbD7GY and archived for replay in the Investors section of www.suncoke.com. Investors and analysts may participate in this call by dialing 1-866-652-5200 in the U.S. or 1-412-902-6510 if outside the U.S., and asking to be joined into the SunCoke Energy, Inc call.

SUNCOKE ENERGY, INC.

SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

SunCoke routinely announces material information to investors and the marketplace using press releases, Securities and Exchange Commission filings, public conference calls, webcasts and SunCoke's website at www.suncoke.com/en/investors/overview. The information that SunCoke posts to its website may be deemed to be material. Accordingly, SunCoke encourages investors and others interested in SunCoke to routinely monitor and review the information that SunCoke posts on its website, in addition to following SunCoke's press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

NON-GAAP FINANCIAL MEASURES

In addition to U.S. GAAP measures, this press release contains certain non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to the measures derived in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for results as reported under U.S. GAAP. Additionally, other companies may calculate non-GAAP metrics differently than we do, thereby limiting their usefulness as a comparative measure. Because of these and other limitations, you should consider our non-GAAP measures only as supplemental to other U.S. GAAP-based financial performance measures, including revenues and net income. Reconciliations to the most comparable GAAP financial measures are included following the presentation of financial and operating results included at the end of this press release.









4

DEFINITIONS

•Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted for any impairments, restructuring costs, gains or losses on extinguishment of debt, and/or transaction costs ("Adjusted EBITDA"). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or operating income under U.S. GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on U.S. GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with U.S. GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with U.S. GAAP.

•EBITDA represents earnings before interest, taxes, depreciation and amortization.

•Adjusted EBITDA attributable to SXC represents Adjusted EBITDA less Adjusted EBITDA attributable to noncontrolling interests.

•Domestic logistics terminals represents Lake Terminal and Kanawha River Terminals.

FORWARD-LOOKING STATEMENTS

This press release and related conference call contain “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Any statements made in this press release or during the related conference call that are not statements of historical fact, including statements about our full-year 2025 guidance and outlook, anticipated lower margins on coke sales and challenging market conditions, our ability to deliver significant value to our stakeholders, our intention to remain focused on safety performance and maintain a balanced approach to capital allocation, and our anticipation to continue a quarterly dividend, are forward-looking statements and should be evaluated as such. Forward-looking statements represent only our beliefs regarding future events, many of which are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SunCoke) that could cause our actual results and financial condition to differ materially from the anticipated results and financial condition indicated in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the most recently completed fiscal year, as well as those described from time to time in our other reports and filings with the Securities and Exchange Commission (SEC).

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke has included in its filings with the SEC cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SunCoke. For information concerning these factors and other important information regarding the matters discussed in this press release and related conference call, see SunCoke's SEC filings, copies of which are available free of charge on SunCoke's website at www.suncoke.com or on the SEC's website at www.sec.gov. All forward-looking statements included in this press release and related conference call are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this press release and related conference call also could have material adverse effects on forward-looking statements.

Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SunCoke does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events, or otherwise, after the date of this press release except as required by applicable law.


5


6


SunCoke Energy, Inc.
Consolidated Statements of Income
 Three Months Ended December 31,Years Ended
December 31,
 2024202320242023
(Unaudited)(Unaudited)(Unaudited)(Audited)
 (Dollars and shares in millions, except per share amounts)
Revenues
Sales and other operating revenue$486.0 $520.6 $1,935.4 $2,063.2 
Costs and operating expenses
Cost of products sold and operating expenses406.3 443.4 1,603.4 1,724.6 
Selling, general and administrative expenses15.4 15.4 61.2 70.7 
Depreciation and amortization expense28.8 35.6 118.9 142.8 
Total costs and operating expenses450.5 494.4 1,783.5 1,938.1 
Operating income 35.5 26.2 151.9 125.1 
Interest expense, net5.6 6.3 23.4 27.3 
Income before income tax expense29.9 19.9 128.5 97.8 
Income tax expense4.1 4.6 25.0 34.3 
Net income 25.8 15.3 103.5 63.5 
Less: Net income attributable to noncontrolling interests
2.1 1.5 7.6 6.0 
Net income attributable to SunCoke Energy, Inc.$23.7 $13.8 $95.9 $57.5 
Earnings attributable to SunCoke Energy, Inc. per common share:
Basic
$0.28 $0.16 $1.13 $0.68 
Diluted
$0.28 $0.16 $1.12 $0.68 
Weighted average number of common shares outstanding:
Basic
85.3 84.8 85.1 84.7 
Diluted
85.5 85.0 85.3 84.9 

7

SunCoke Energy, Inc.
Consolidated Balance Sheets
December 31,
20242023
(Unaudited)(Audited)
(Dollars in millions, except par value amounts)
Assets
Cash and cash equivalents
$189.6 $140.1 
Receivables, net
96.6 88.3 
Inventories
180.8 182.6 
Income tax receivable
— 1.4 
Other current assets
7.6 4.4 
Total current assets
474.6 416.8 
Properties, plants and equipment (net of accumulated depreciation of $1,497.6 million and $1,383.6 million at December 31, 2024 and 2023, respectively)1,143.6 1,191.1 
Intangible assets, net29.2 31.1 
Deferred charges and other assets
20.8 21.4 
Total assets
$1,668.2 $1,660.4 
Liabilities and Equity
Accounts payable
$153.2 $172.1 
Accrued liabilities
52.6 51.7 
Total current liabilities
205.8 223.8 
Long-term debt492.3 490.3 
Accrual for black lung benefits
12.7 53.2 
Retirement benefit liabilities
7.6 15.8 
Deferred income taxes
196.8 190.4 
Asset retirement obligations
17.2 14.1 
Other deferred credits and liabilities
24.8 27.3 
Total liabilities
957.2 1,014.9 
Equity
Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no issued shares at both December 31, 2024 and 2023— — 
Common stock, $0.01 par value. Authorized 300,000,000 shares; issued 99,756,420 and 99,161,446 shares at December 31, 2024 and 2023, respectively1.0 1.0 
Treasury stock, 15,404,482 shares at both December 31, 2024 and 2023(184.0)(184.0)
Additional paid-in capital
732.8 729.8 
Accumulated other comprehensive loss(7.7)(12.8)
Retained earnings138.1 80.2 
Total SunCoke Energy, Inc. stockholders' equity
680.2 614.2 
Noncontrolling interests
30.8 31.3 
Total equity
711.0 645.5 
Total liabilities and equity
$1,668.2 $1,660.4 

8

SunCoke Energy, Inc.
Consolidated Statements of Cash Flows
Years Ended December 31,
20242023
(Unaudited)(Audited)
(Dollars in millions)
Cash Flows from Operating Activities:
Net income$103.5 $63.5 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense118.9 142.8 
Deferred income tax expense4.5 18.6 
Share-based compensation expense4.0 5.1 
Gain on extinguishment of legacy coal liabilities(9.5)— 
Changes in working capital pertaining to operating activities:
Receivables, net(8.9)16.8 
Inventories1.8 (7.2)
Accounts payable(12.9)19.7 
Accrued liabilities(31.9)(10.2)
Income taxes1.4 (1.4)
Other(2.1)1.3 
Net cash provided by operating activities168.8 249.0 
Cash Flows from Investing Activities:
Capital expenditures(72.9)(109.2)
Other investing activities0.6 — 
Net cash used in investing activities(72.3)(109.2)
Cash Flows from Financing Activities:
Proceeds from revolving facility11.0 291.0 
Repayment of revolving facility(11.0)(326.0)
Repayment of financing obligation— (8.8)
Dividends paid(37.6)(30.7)
Cash distributions to noncontrolling interests(8.1)(11.8)
Other financing activities(1.3)(3.4)
Net cash used in financing activities(47.0)(89.7)
Net increase in cash and cash equivalents49.5 50.1 
Cash and cash equivalents at beginning of year140.1 90.0 
Cash and cash equivalents at end of year$189.6 $140.1 
Supplemental Disclosure of Cash Flow Information
Interest paid$24.4 $25.7 
Income taxes paid, net of refunds of $0.3 million and zero
$18.0 $17.7 

9

SunCoke Energy, Inc.
Segment Operating Data
 
Three Months Ended December 31,Years Ended December 31,
 
2024202320242023
(Unaudited)(Unaudited)(Unaudited)(Audited)
 
(Dollars in millions)
Sales and other operating revenues:
Domestic Coke
$456.3$493.6$1,817.3$1,954.0
Brazil Coke
8.99.435.135.2
Logistics
20.817.683.074.0
Logistics intersegment sales5.15.222.922.1
Elimination of intersegment sales
(5.1)(5.2)(22.9)(22.1)
Total sales and other operating revenue
$486.0$520.6$1,935.4$2,063.2
Adjusted EBITDA(1)
Domestic Coke$57.3$55.2$234.7$247.8
Brazil Coke2.52.29.99.1
Logistics11.510.750.444.3
Corporate and Other(2)
(5.2)(5.8)(22.2)(32.4)
Total Adjusted EBITDA$66.1$62.3$272.8$268.8
Coke Operating Data:
Domestic Coke capacity utilization(3)
100%100%100%101%
Domestic Coke production volumes (thousands of tons)
1,0231,0254,0324,049
Domestic Coke sales volumes (thousands of tons)
1,0321,0374,0284,046
Domestic Coke Adjusted EBITDA per ton(4)
$55.52$53.23$58.27$61.25
Brazilian Coke production—operated facility (thousands of tons)
3883831,5791,558
Logistics Operating Data:
Tons handled (thousands of tons)5,2625,02222,54020,483
(1)See definition of Adjusted EBITDA and reconciliation to GAAP elsewhere in this release.
(2)Corporate and Other is not a reportable segment.
(3)The production of foundry coke tons does not replace blast furnace coke tons on a ton for ton basis, as foundry coke requires longer coking time. The Domestic Coke capacity utilization is calculated assuming a single ton of foundry coke replaces approximately two tons of blast furnace coke.
(4)Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.
10

SunCoke Energy, Inc.
Reconciliation of Non-GAAP Information
Net Income to Adjusted EBITDA
 Three Months Ended December 31,Years Ended December 31,
 2024202320242023
(Unaudited)(Unaudited)(Unaudited)(Audited)
 (Dollars in millions)
Net income$25.8 $15.3 $103.5 $63.5 
Add:
Depreciation and amortization expense28.8 35.6 118.9 142.8 
Interest expense, net5.6 6.3 23.4 27.3 
Income tax expense4.1 4.6 25.0 34.3 
Transaction costs(1)
1.8 0.5 2.0 0.9 
Adjusted EBITDA
$66.1 $62.3 $272.8 $268.8 
(1)Reflects costs incurred related to potential mergers and acquisitions and the granulated pig iron project with U.S. Steel.




SunCoke Energy, Inc
Reconciliation of Non-GAAP Information
Estimated 2025 Net Income to Estimated 2025 Adjusted EBITDA
2025
(Dollars in millions)
LowHigh
Net income$52 $69 
Add:
Depreciation and amortization expense121 117 
Interest expense, net26 24 
Income tax expense11 15 
Adjusted EBITDA$210 $225 




Investor/Media Inquiries:
Sharon Doyle
Manager, Investor Relations
(630) 824-1907
11
SunCoke Energy, Inc. Q4 & FY 2024 Earnings and 2025 Guidance Conference Call

 
2 This presentation should be reviewed in conjunction with the Fourth Quarter and Full-Year 2024 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on January 30, 2025 at 11:00 a.m. ET. This presentation contains “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Any statements made in this presentation or during the related conference call that are not statements of historical fact, including statements about our full-year consolidated and segment 2025 guidance, our 2025 key initiatives, anticipated lower margins on coke sales and challenging market conditions, future dividends and the timing of such dividend payments, the anticipated timing, completion, and increased volume capabilities as a result of the capital investment project at the Kanawha River Terminal (KRT) logistics facility, the extension of our Granite City cokemaking agreement for an additional six months, and future sale commitments, are forward-looking statements and should be evaluated as such. Forward-looking statements represent only our present beliefs regarding future events, many of which are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SunCoke) that could cause our actual results and financial condition to differ materially from the anticipated results and financial condition indicated in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the most recently completed fiscal year, as well as those described from time to time in our other reports and filings with the Securities and Exchange Commission (SEC). In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke has included in its filings with the SEC cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward- looking statement made by SunCoke. For information concerning these factors and other important information regarding the matters discussed in this presentation, see SunCoke’s SEC filings, copies of which are available free of charge on SunCoke's website at www.suncoke.com or on the SEC’s website at www.sec.gov. All forward- looking statements included in this presentation or made during the related conference call are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this presentation also could have material adverse effects on forward-looking statements. Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements, which speak only as of the date of the earnings release. SunCoke does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events, or otherwise, after the date of the earnings release except as required by applicable law. Forward-Looking Statements

 
32024 Year In Review Delivered FY 2024 Adjusted EBITDA(1) above increased guidance; added new Logistics business; increased quarterly dividend; eliminated majority of black lung liabilities FY 2024 Objective 2024 Achievements Commentary Deliver FY 2024 Consolidated Adj. EBITDA(1) within increased guidance range of $260M - $270M Generate $75M – $90M Free Cash Flow(2) Pursue Balanced Capital Allocation • Increased quarterly dividend from $0.10/share to $0.12/share • Gross leverage ratio at 1.83x (LTM basis) • Delivered FY 2024 consolidated Adj. EBITDA(1) of $272.8M • Generated $96M of Free Cash Flow(2) • Reached an agreement with the U.S. Department of Labor (DOL), eliminating the majority of black lung liabilities • Exceeded original and revised guidance due to excellent Logistics segment performance and the agreement with the DOL • Anticipate continuation of quarterly dividend • Continue to develop the GPI project (1) See appendix for a definition and reconciliation of Adjusted EBITDA (2) See appendix for a definition and reconciliation of Free Cash Flow Support Full Cokemaking Capacity Utilization Continue Adding New Customers at Logistics Terminals • Successfully sold all non-contracted tons into foundry coke and spot blast coke markets • Extended Granite City cokemaking contract through June 30, 2025 • Signed a new 3-year, take-or-pay coal handling agreement at Kanawha River Terminal beginning in Q2 2025 • Coke fleet ran at full capacity and delivered Adjusted EBITDA within the revised guidance range despite lower coal-to-coke yields • New contract will grow our barge business at KRT Continue to deliver strong safety performance • Achieved Total Recordable Incident Rate (TRIR) of 0.50 for the full-year 2024 • Represents record safety performance in Company history

 
4Q4 & FY 2024 Financial Performance (1) See appendix for a definition and reconciliation of Adjusted EBITDA (2) Coke Adjusted EBITDA includes Domestic Coke and Brazil Coke (3) Corporate and Other Adj. EBITDA includes activity from our legacy coal mining business ($/share) ($ in millions) Diluted EPS Adj. EBITDA(1) $62.3 $66.1 Q4 ’23 Q4 ’24 $268.8 FY ’23 $272.8 FY ’24 +$3.8 +$4.0 Q4 and FY 2024 Earnings Review $0.16 $0.28 $0.68 $1.12 Q4 ’23 Q4 ’24 FY ’23 FY ’24 +$0.12 +$0.44 Q4 2024 EPS of $0.28 per share, up $0.12 versus prior year quarter • Primarily driven by lower depreciation expense FY 2024 EPS of $1.12, up $0.44 per share from the prior year period • Primarily driven by lower depreciation expense, gain on elimination of the majority of legacy black lung liabilities, and lower income tax expense Q4 2024 Consolidated Adj. EBITDA(1) of $66.1M, up $3.8M compared to Q4 2023 • Coke operations up $2.4M primarily driven by lower planned outage related costs • Logistics operations up by $0.8M primarily driven by higher transloading volumes FY 2024 Consolidated Adj. EBITDA(1) of $272.8M, up $4.0M compared to FY 2023 • One-time gain on elimination of the majority of legacy black lung liabilities • Higher transloading volumes at domestic logistics terminals and higher API2 price adjustment benefit at CMT • Lower coal-to-coke yields in the Domestic Coke segment ($ in millions, except volumes) Qtr4 2023 Qtr4 2024 FY 2023 FY 2024 Domestic Coke Sales Volumes 1,037 1,032 4,046 4,028 Logistics Volumes 5,022 5,262 20,483 22,540 Coke Adjusted EBITDA (2) $57.4 $59.8 $256.9 $244.6 Logistics Adjusted EBITDA (incl. CMT) $10.7 $11.5 $44.3 $50.4 Corporate and Other Adjusted EBITDA (3) ($5.8) ($5.2) ($32.4) ($22.2) Adjusted EBITDA (Consolidated) (1) $62.3 $66.1 $268.8 $272.8 Operating Cash Flow $56.4 $60.9 $249.0 $168.8

 
5Adjusted EBITDA(1) – FY 2023 to FY 2024 $268.8 $272.8 FY 2023 Adj. EBITDA ($12.3) Domestic & Brazil Coke $6.1 Logistics $10.2 Corporate and Other FY 2024 Adj. EBITDA (1) See appendix for a definition and reconciliation of Adjusted EBITDA (1) ($ in millions) (1) FY 2024 performance driven by gain on elimination of black lung liabilities and favorable Logistics performance, partially offset by lower coal-to-coke yields in the Domestic Coke segment Lower coal-to-coke yields on long-term, take-or-pay contracts Higher volumes at domestic terminals and higher API2 price adjustment benefit at CMT Gain on elimination of the majority of legacy black lung liabilities

 
6 $140.1 $189.6 $168.8 Cash @ YE 2023 Net Cash Provided by Ops. Activities ($72.9) CapEx ($37.6) SXC Dividend ($8.8) Other Cash @ YE 2024 FY 2024 Capital Deployment Maintained strong liquidity position of $539.6M; cash flow deployed strategically towards operational capital needs and increased dividends to shareholders ($ in millions) Increased dividend by 20% from 10 cents to 12 cents in Q3 (1) Gross leverage and net leverage calculated using Last Twelve Month (LTM) Adjusted EBITDA Cash distribution to non-controlling interests ($8.1M) Revolver Availability: $350M (Consolidated) 12/31/2023 12/31/2024 Total Debt $500M $500M Gross Leverage (1) 1.86x 1.83x Net Leverage (1) 1.34x 1.14x Includes impact of $36M payment to the DOL

 
2025 GUIDANCE

 
8Projected 2025 Adjusted EBITDA(1) Guidance $272.8 FY 2024 Adj. EBITDA(1) ($43) – ($50) Domestic Coke $0 – ($1) Brazil Coke $0 – ($5) Logistics ($9.5) One time Black Lung gain $3 - $5 Corporate and Other $210 - $225 FY 2025 Adj. EBITDA(1) (1) See appendix for a definition and reconciliation of Adjusted EBITDA ($ in millions) Expect 2025 Consolidated Adjusted EBITDA(1) of $210M - $225M; Granite City contract extension at lower economics and lower margins on higher spot sales at Haverhill Absence of one-time gain on elimination of black lung liabilities • GCO contract extension at lower economics; assumes extension of contract through the end of 2025 • Lower margins on higher spot sales at HHO

 
92025 Domestic Coke Business Outlook 2025 Domestic Coke Adjusted EBITDA estimated to be $185M - $192M; lower margins at Granite City and Haverhill Domestic Coke Performance 4,028 $234.7M FY 2024 ~4,000 $185M - $192M FY 2025E Adjusted EBITDA 2025 Domestic Coke outlook impacted by Granite City contract extension at lower economics and lower margins on higher spot sales at Haverhill • ~3,325Kt contracted blast furnace coke tons • ~875Kt blast furnace coke equivalent tons currently expected to be sold in foundry and spot markets – Essentially all foundry coke sales finalized for 2025, with year-over-year volume growth – Essentially all 2025 spot blast coke sales finalized – Challenging spot coke market conditions with tepid steel demand outlook and oversupply in seaborne coke market, driving down coke pricing • Guidance contemplates extension of Granite City contract for an additional 6 months, through the end of 2025 (1) See appendix for a definition and reconciliation of Adjusted EBITDA (1) (Coke Sales, Kt)

 
102025 Logistics Business Outlook 2025 Logistics Adjusted EBITDA estimated to be $45M - $50M; anticipate similar volumes across the segment year-over-year Logistics Performance 8,267 14,273 $50.4M FY 2024 $45M - $50M ~14,800 ~8,100 FY 2025E 22,540 ~22,900 2025 Logistics business outlook similar to 2024 operating performance • Extended the take-or-pay coal handling agreement at CMT – 4.0Mt in 2025 and 2.5Mt in 2026 – API2 index replaced by FOB NOLA index • Expect CMT to handle ~4.0Mt coal for export and ~4.1Mt other products • No index-based price adjustment benefit assumed in the 2025 guidance • New take-or-pay coal handling agreement at KRT driving higher volumes at domestic terminals (1) (1) See appendix for a definition and reconciliation of Adjusted EBITDA (Tons Handled, Kt) Adjusted EBITDA Logistics (ex. CMT) CMT

 
11Adjusted EBITDA(1) and FCF(2) Trend (1) See appendix for a definition and reconciliation of Adjusted EBITDA (2) See appendix for a definition and reconciliation of Free Cash Flow (FCF) (3) 2025E Adjusted EBITDA and FCF numbers are guidance mid-points; annual dividend $/share represents continuation of $0.12/share quarterly dividend for the full-year ($ in millions, except per share amounts) Track record of steady Free Cash Flow(2) generation; effective use of FCF(2) for dividends and debt paydown; expect continuation of dividends in 2025 $206 $275 $298 $269 $273 $84 $101 $133 $140 $96 $0.24 $0.24 $0.28 $0.36 $0.44 2020 2021 2022 2023 2024 2025E(3) Adjusted EBITDA(1) FCF(2) Annual Dividends Paid ($/share) $218 $108 $0.48

 
122025 Guidance Summary Expect 2025 Consolidated Adjusted EBITDA(1) of $210M - $225M; 2025 Free Cash Flow(2) of $100M - $115M (1) See appendix for a definition and reconciliation of Adjusted EBITDA (2) See appendix for a definition and reconciliation of Free Cash Flow (FCF) (3) Domestic Coke Adjusted EBITDA/ton calculated as Domestic Coke EBITDA/Domestic Coke Sales * The Company's 2025 guidance is based on the Company's current estimates and assumptions that are subject to change and may be outside the control of the Company. If actual results vary from these estimates and assumptions, the Company's expectations may change. There can be no assurances that SunCoke will achieve the results expressed by this guidance. 2024 ($ in millions) Actuals Low End High End Adjusted EBITDA(1) $273 $210 $225 Cash interest, net ($20) ($23) ($21) Cash taxes ($20) ($17) ($21) Total capex ($73) ($65) ($65) Black lung payment ($36) $0 $0 Non-cash items and working capital changes ($28) ($5) ($3) Free Cash Flow (FCF)(2) $96 $100 $115 Adjusted EBITDA to FCF Walk 2025E 2024 2025 Results Guidance* Adjusted EBITDA Consolidated(1) $272.8M $210M - $225M Domestic Coke EBITDA $234.7M $185M - $192M Logistics EBITDA $50.4M $45M - $50M Domestic Coke Sales 4.03M tons ~4.0M tons Domestic Coke Adjusted EBITDA/ton(3) $58/ton $46 - $48/ton Total Capital Expenditures $72.9M ~$65M Operating Cash Flow $168.8M $165M - $180M Cash Taxes $20.3M $17M - $21M Metric

 
13 • Further develop foundry and spot blast coke customer books • Continue work on adding customers and products in the Logistics segment Strengthen Customer Bases for Coke and Logistics Businesses 2025 Key Initiatives • $210M - $225M Adjusted EBITDA(1) Achieve 2025 Financial Objectives Continued Safety and Environmental Excellence • Continue to deliver strong safety and environmental performance • Successfully execute on operational and capital plan • Continue to provide reliable, high-quality products and services to our customers Deliver Operational Excellence and Optimize Asset Utilization • Continue to pursue balanced capital allocation including growth opportunities and returning capital to shareholders Execute on Well-Established Capital Allocation Priorities (1) See appendix for a definition and reconciliation of Adjusted EBITDA

 
APPENDIX

 
15 Domestic Coke Performance Domestic Coke Business Summary Sales Tons (Coke Production, Kt) (1) See definition and reconciliation of Adjusted EBITDA elsewhere in the appendix 973K1,037K FY 2024 Domestic Coke Adjusted EBITDA driven by lower coal-to-coke yields; lower margins at Granite City and Haverhill for 2025 996K 1,027K 486 477 1,264 1,262 1,039 1,040 662 590 583 619 $234.7M FY ’24 $185M - $192M FY ’25E 4,033 3,988 1,032K 4,028K ~4,000K 126 118 115 126 127 327 311 306 322 325 260 264 260 266 248 156 162 164 169 167 155 145 133 148 156 $55.2M Q4 ’23 $61.4M Q1 ’24 $57.9M Q2 ’24 $58.1M Q3 ’24 $57.3M Q4 ’24 1,025 1,000 978 1,031 1,023 Adjusted EBITDA ($M)(1) Middletown Granite City Haverhill Indiana Harbor Jewell

 
16 $10.7M $13.0M $12.2M $13.7M $11.5M Logistics Business Summary 1,891 1,841 2,498 2,013 1,915 3,131 3,612 3,484 3,830 3,347 Q4 ’23 Q1 ’24 Q2 ’24 Q3 ’24 Q4 ’24 5,022 5,453 5,982 5,843 5,262 Logistics (ex. CMT) CMT (coal, bulk products, liquids) (Tons Handled, Kt) (1) See definition and reconciliation of Adjusted EBITDA elsewhere in the appendix FY 2024 Logistics Adjusted EBITDA results driven by higher transloading volumes at domestic terminals and higher API2 price adjustment benefit at CMT; similar year-over-year coal export volumes at CMT and higher volumes at domestic terminals driving 2025 outlook Logistics Performance Adjusted EBITDA ($M) 8,267 14,273 $50.4M FY ’24 $45M - $50M ~14,800 ~8,100 FY ’25E 22,540 ~22,900 (1)

 
17 NON-GAAP FINANCIAL MEASURES In order to assist readers in understanding the core operating results that our management uses to evaluate the business, we describe our non-GAAP measures referenced in this presentation below. In addition to U.S. GAAP measures, this presentation contains certain non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to the measures derived in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for results as reported under U.S. GAAP. Additionally, other companies may calculate non-GAAP metrics differently than we do, thereby limiting their usefulness as a comparative measure. Because of these and other limitations, you should consider our non-GAAP measures only as supplemental to other U.S. GAAP-based financial performance measures, including revenues and net income. Reconciliations to the most comparable GAAP financial measures are included at the end of this Appendix. DEFINITIONS Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted for any impairments, restructuring costs, gains or losses on extinguishment of debt, and/or transaction costs ("Adjusted EBITDA"). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or operating income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with GAAP. EBITDA represents earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA/Ton represents Adjusted EBITDA divided by tons sold/handled. Free Cash Flow (FCF) represents operating cash flow adjusted for capital expenditures. Management believes FCF is an important measure of liquidity. FCF is not a measure calculated in accordance with GAAP, and it should not be considered a substitute for operating cash flow or any other measure of financial performance presented in accordance with GAAP. Domestic logistics terminals represents Lake Terminal and Kanawha River Terminals.

 
18Coke Facility Capacity and Contract Duration/Volume (1) Capacity represents blast furnace equivalent production capacity (2) Represents production capacity for blast-furnace sized coke, however, customer takes all on a “run of oven” basis, which represents >600k tons per year (3) Will operate in a turn-down mode in 2025 as part of the contract extension Facility Capacity (1) Customer Contract Expiry Contract Volume Indiana Harbor 1,220 Kt Cliffs Steel Sep. 2035 Capacity Middletown 550 Kt (2) Cliffs Steel Dec. 2032 Capacity Haverhill II 550 Kt Cliffs Steel Jun. 2025 Capacity Granite City 650 Kt US Steel Jun. 2025 Capacity (3) Haverhill I/JWO 1,270Kt Cliffs Steel Algoma Steel Dec. 2025 Dec. 2026 400 Kt 150 Kt

 
19Balance Sheet & Debt Metrics ($ in millions) As of 12/31/2024 As of 12/31/2023 Cash 190$ 140$ Available Revolver Capacity 350$ 350$ Total Liquidity 540$ 490$ Gross Debt (Long and Short-term) 500$ 500$ Net Debt (Total Debt less Cash) 310$ 360$ LTM Adjusted EBITDA 273$ 269$ Gross Debt / LTM Adjusted EBITDA 1.83x 1.86x Net Debt / LTM Adjusted EBITDA 1.14x 1.34x 2025 2026 2027 2028 2029 Consolidated Total Sr. Notes -$ -$ -$ -$ 500.0$ 500.0$ Revolver - - - - - - Total -$ -$ -$ -$ 500.0$ 500.0$ As of 12/31/2024 ($ in millions)

 
202025 Guidance Reconciliation Free Cash Flow Reconciliation 2024 ($ in millions) Actuals Low High Operating Cash Flow $169 $165 $180 Capital Expenditures (73) (65) (65) Free Cash Flow (FCF) $96 $100 $115 2025E Low High Net Income $52 $69 Depreciation and amortization expense 121 117 Interest expense, net 26 24 Income tax expense 11 15 Adjusted EBITDA (Consolidated) $210 $225 ($ in millions)

 
21Net Income to FCF Reconciliation Low End High End Net Income $52 $69 Depreciation and amortization expense 121 117 Interest expense, net 26 24 Income tax expense 11 15 Adjusted EBITDA (Consolidated) $210 $225 Cash interest, net (23) (21) Cash taxes (17) (21) Total capex (65) (65) Working capital changes (5) (3) Free Cash Flow (FCF) $100 $115 ($ in millions) 2025E

 
22Reconciliation to Adjusted EBITDA (1) Reflects costs incurred related to potential mergers and acquisitions and the granulated pig iron project with U.S. Steel ($ in millions) Q4 '23 FY '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 FY '24 Net Income 15.3$ 63.5$ 21.1$ 23.3$ 33.3$ 25.8$ 103.5$ Depreciation and amortization expense 35.6 142.8 33.3 28.7 28.1 28.8 118.9 Interest expense, net 6.3 27.3 6.3 5.8 5.7 5.6 23.4 Income tax expense 4.6 34.3 7.1 5.6 8.2 4.1 25.0 Transaction costs (1) 0.5 0.9 0.1 0.1 - 1.8 2.0 Adjusted EBITDA 62.3$ 268.8$ 67.9$ 63.5$ 75.3$ 66.1$ 272.8$

 
23Adjusted EBITDA and Adjusted EBITDA per ton (1) Corporate and Other includes the results of our legacy coal mining business Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per Ton ($ in millions, except per ton data) Domestic Coke Brazil Coke Logistics Corporate and Other(1) Consolidated FY 2024 Adjusted EBITDA $234.7 $9.9 $50.4 ($22.2) $272.8 Sales Volume (thousands of tons) 4,028 1,579 22,540 Adjusted EBITDA per Ton $58.27 $6.29 $2.24 Q4 2024 Adjusted EBITDA $57.3 $2.5 $11.5 ($5.2) $66.1 Sales Volume (thousands of tons) 1,032 388 5,262 Adjusted EBITDA per Ton $55.52 $6.48 $2.18 Q3 2024 Adjusted EBITDA $58.1 $2.5 $13.7 $1.0 $75.3 Sales Volume (thousands of tons) 1,027 423 5,843 Adjusted EBITDA per Ton $56.57 $5.97 $2.35 Q2 2024 Adjusted EBITDA $57.9 $2.5 $12.2 ($9.1) $63.5 Sales Volume (thousands of tons) 973 397 5,982 Adjusted EBITDA per Ton $59.51 $6.42 $2.03 Q1 2024 Adjusted EBITDA $61.4 $2.4 $13.0 ($8.9) $67.9 Sales Volume (thousands of tons) 996 371 5,453 Adjusted EBITDA per Ton $61.65 $6.59 $2.39 FY 2023 Adjusted EBITDA $247.8 $9.1 $44.3 ($32.4) $268.8 Sales Volume (thousands of tons) 4,046 1,558 20,483 Adjusted EBITDA per Ton $61.25 $5.86 $2.16 Q4 2023 Adjusted EBITDA $55.2 $2.2 $10.7 ($5.8) $62.3 Sales Volume (thousands of tons) 1,037 383 5,022 Adjusted EBITDA per Ton $53.23 $5.76 $2.12

 
24 ($ in millions) FY '20 FY '21 FY '22 FY '23 Net Income 8.8$ 48.8$ 104.9$ 63.5$ Depreciation and amortization expense 133.7 133.9 142.5 142.8 (Gain) Loss on extinguishment of debt, net (5.7) 31.9 - - Interest expense, net 56.3 42.5 32.0 27.3 Income tax expense 10.3 18.3 16.8 34.3 Restructuring costs(1) 2.5 - - - Transaction costs(2) - - 1.5 0.9 Adjusted EBITDA 205.9 275.4 297.7 268.8 Historical Reconciliations to Adjusted EBITDA (1) Charges related to a company-wide restructuring and cost-reduction initiative (2) Reflects costs incurred related to potential mergers and acquisitions and the granulated pig iron project with U.S. Steel 2020 2021 2022 2023 ($ in millions) Actuals Actuals Actuals Actuals Operating Cash Flow $158 $233 $209 $249 Capital Expenditures (74) (99) (76) (109) Debt Issuance Costs - (12) - - 2025 Senior Notes Call Premium - (22) - - Free Cash Flow (FCF) $84 $101 $133 $140 Historical Reconciliations to Free Cash Flow

 

 

image0a02a01a01a19.jpg

SUNCOKE ENERGY, INC. DECLARES CASH DIVIDEND


Lisle, IL (January 30, 2025) – Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors declared a cash dividend of $0.12 per share of the Company’s common stock to be paid on March 3, 2025 to stockholders of record at the close of business on February 17, 2025.


ABOUT SUNCOKE ENERGY, INC.

SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

Investor/Media Inquiries:
Sharon Doyle
Manager, Investor Relations
(630) 824-1907

v3.24.4
Cover
Jan. 30, 2025
Cover [Abstract]  
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Tax Identification Number 90-0640593
Soliciting Material false
Document Period End Date Jan. 30, 2025
Entity Registrant Name SunCoke Energy, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-35243
Entity Address, Address Line One 1011 Warrenville Road, Suite 600
Entity Address, Postal Zip Code 60532
Entity Address, State or Province IL
Entity Address, City or Town Lisle,
Local Phone Number 824-1000
City Area Code (630)
Document Type 8-K
Entity Emerging Growth Company false
Security Exchange Name NYSE
Trading Symbol SXC
Title of 12(b) Security Common stock, par value $0.01
Written Communications false
Entity Central Index Key 0001514705
Amendment Flag false
v3.24.4
Cover
Jan. 30, 2025
Cover [Abstract]  
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Tax Identification Number 90-0640593
Soliciting Material false
Document Period End Date Jan. 30, 2025
Entity Registrant Name SunCoke Energy, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-35243
Entity Address, Address Line One 1011 Warrenville Road, Suite 600
Entity Address, Postal Zip Code 60532
Entity Address, State or Province IL
Entity Address, City or Town Lisle,
Local Phone Number 824-1000
City Area Code (630)
Document Type 8-K
Entity Emerging Growth Company false
Security Exchange Name NYSE
Trading Symbol SXC
Title of 12(b) Security Common stock, par value $0.01
Written Communications false
Entity Central Index Key 0001514705
Amendment Flag false
SunCoke Energy (NYSE:SXC)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025 Click aqui para mais gráficos SunCoke Energy.
SunCoke Energy (NYSE:SXC)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025 Click aqui para mais gráficos SunCoke Energy.