Suncoke Energy, Inc. (SXC) 10-Q Quarterly Report Tue Jul 30 2019

LISLE, Ill. (July 30, 2019)—SunCoke Energy, Inc. (NYSE: SXC) today reported results for the second quarter 2019, reflecting the strong performance at our Domestic Coke segment, including disciplined cost control across our cokemaking fleet.

“We are pleased with our second quarter operational performance and the completion of the Simplification Transaction. The simplified corporate structure has increased liquidity and improved financial flexibility, which strengthens our ability to execute on strategic objectives and generate significant value for SunCoke stockholders,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “We are focused on executing against our remaining 2019 objectives and are well-positioned to achieve our full-year Adjusted EBITDA guidance.”

The following information was filed by Suncoke Energy, Inc. (SXC) on Tuesday, July 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1514705/000151470519000018/sxc-20190630x10q.htm

View differences made from one quarter to another to evaluate Suncoke Energy, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Suncoke Energy, Inc..

Continue

Assess how Suncoke Energy, Inc.'s management team is paid from their Annual Proxy

Suncoke Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Rating
Learn More

Filter by Sentiment:

All

Positive

Negative

Filter by Category:

All

Financial

Revenue

Other

Filter by Subcategory:

All

Expense

Product

Earnings

Cash Flow

Income

Geography

Other

Inside Suncoke Energy, Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
Additionally, favorable recovery of operating and maintenance costs benefited Adjusted EBITDA during both the three and six months ended June 30, 2019.

Revenue - Product Highlight
36 36 Analysis of Segment Results Domestic Coke The following table sets forth year-over-year changes in the Domestic Coke segment's sales and other operating revenues and Adjusted EBITDA results: (1) The increase in volumes was driven by improved performance from rebuilt ovens at our Indiana Harbor facility.
Financial - Earnings Highlight
2019 Low High Net income $ 40 $ 47 Add: Depreciation and amortization expense 150 145 Interest expense, net 65 65 Income tax expense 6 14 Simplification Transaction costs 5 5 Adjusted EBITDA $ 266 $ 276 Subtract: Adjusted EBITDA attributable to noncontrolling interests 40 44 Adjusted EBITDA attributable to SunCoke Energy, Inc. $ 226 $ 232 (1) Costs expensed by the Partnership associated with the Simplification Transaction.
Other - Other Highlight
Corporate and Other Corporate and Other Adjusted EBITDA was a loss of $9.3 million and $17.7 million for the three and six months ended June 30, 2019, respectively, an improvement of $0.8 million and $1.0 million, respectively, compared to the same prior year periods, reflecting lower professional services.
Revenue - Product Highlight
However, due to the take-or-pay nature of our contracts with coal export customers, lower export volumes do not have a material impact on our expected full-year results.
Financial - Expense
Selling, general and administrative expenses...Read more
Financial - Cash Flow
Cash Flow Summary The following...Read more
Revenue - Product
These coke sales agreements have...Read more
Revenue - Product
Sales and other operating revenue...Read more
Financial - Cash Flow
Cash Flows from Investing Activities...Read more
Financial - Cash Flow
Cash Flows from Financing Activities...Read more
Other - Other
Management believes Adjusted EBITDA is...Read more
Financial - Expense
The increase in depreciation and...Read more
Revenue - Product
Deferred revenue will be recognized...Read more
Financial - Income
With the closing of the...Read more
Financial - Expense
(2) Higher coal prices resulted...Read more
Financial - Shares
The Simplification Transaction was accounted...Read more
Other - Other
40 40 CAUTIONARY STATEMENT CONCERNING...Read more
Financial - Expense
Ongoing capital expenditures do not...Read more
Revenue - Product
The coke sales agreement and...Read more
Revenue - Geography
Brazil Revenues were $10.0 million...Read more
Revenue - Product
31 31 Billings to CMT...Read more
Other - Other
This measure is not in...Read more
Other - Other
Additionally, in May 2019, Moody's...Read more
Revenue - Geography
The current year period included...Read more
Other - Other
35 35 Segment Financial and...Read more
Other - Other
Due to the take-or-pay nature...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Suncoke Energy, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 95.1: Exhibit 95.1

Ticker: SXC
CIK: 1514705
Form Type: 10-Q Quarterly Report
Accession Number: 0001514705-19-000018
Submitted to the SEC: Tue Jul 30 2019 6:24:28 AM EST
Accepted by the SEC: Tue Jul 30 2019
Period: Sunday, June 30, 2019
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/sxc/0001514705-19-000018.htm

Suncoke Energy, Inc. (SXC) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

SEC Filings

SXC Valuations

SXC Annual Reports

SXC Quarterly Reports

SXC Corporate News