Suncoke Energy (SXC) Tops Q3 EPS by 14c ; Provides Outlook

Suncoke Energy (NYSE: SXC) reported Q3 EPS of $0.36, $0.14 better than the analyst estimate of $0.22. Revenue for the quarter came in at $490.1 million versus the consensus estimate of $412.7 million.

2024 REVISED OUTLOOK

Our 2024 revised guidance reflects favorable performance from our Logistics segment, and impacts from the agreement with the DOL.

Our 2024 revised guidance is as follows:

Domestic Coke total production is expected to be approximately 4.1 million tons
Consolidated Net Income is expected to be between $85 million and $97 million
Consolidated Adjusted EBITDA is expected to be between $260 million and $270 million
Capital expenditures are projected to be between $75 million and $80 million
Operating cash flow is estimated to be between $155 million to $165 million
Cash taxes are projected to be between $16 million to $20 million

For earnings history and earnings-related data on Suncoke Energy (SXC) click here.

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