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Suncoke Energy ( (SXC) ) has issued an announcement.
On January 30, 2025, SunCoke Energy announced its financial results for the fourth quarter and full-year 2024, highlighting record safety performance and strong operational metrics. The company achieved a net income of $95.9 million for 2024, driven by operational efficiencies and a one-time gain from liability eliminations. Despite a decrease in revenues due to lower coal costs, Adjusted EBITDA increased due to lower planned outage costs and improved logistics performance. Looking forward to 2025, SunCoke anticipates challenges due to a contract extension at reduced rates and lower coke sales margins due to market conditions. However, with a strong balance sheet and continued focus on safety and capital allocation, the company aims to deliver significant value to stakeholders.
More about Suncoke Energy
SunCoke Energy, Inc. is a company operating in the cokemaking and logistics sectors. Their primary products include domestic coke, which is used in steel production, and they provide logistics services for coal and other aggregates at various terminals. The company focuses on operational excellence and safety in the cokemaking industry.
YTD Price Performance: -5.77%
Average Trading Volume: 995,515
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $834.2M
For an in-depth examination of SXC stock, go to TipRanks’ Stock Analysis page.
