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Suncoke Energy, Inc. (SXC) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

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Investors and Media:

Shantanu Agrawal

(630) 824-1907

SUNCOKE ENERGY, INC. REPORTS STRONG SECOND QUARTER 2021 RESULTS

 

   

Second quarter 2021 net loss attributable to SXC was $8.8 million, or $0.11 per share, reflecting a $22.7 million, or $0.27 per share impact of debt extinguishment costs related to our debt refinancing

 

   

Adjusted EBITDA(1) for the quarter was $68.0 million, up 15 percent versus the prior year period; Year-to-date Adjusted EBITDA was $138.6 million

 

   

Completed debt refinancing, extending the revolver and notes maturities while achieving significant interest rate savings of approximately $17 million on an annual basis

 

   

Increasing full-year 2021 Adjusted EBITDA guidance range from $215 million - $230 million to $255 million - $265 million reflecting successful execution of foundry/export coke initiatives and robust performance at CMT driven by strength in commodity markets

LISLE, Ill. (July 29, 2021) - SunCoke Energy, Inc. (NYSE: SXC) today reported results for the second quarter 2021, reflecting continued strong performance in both the Domestic Coke and Logistics segments.

“We are pleased with our second quarter results and the successful execution of our Company’s debt refinancing. This refinancing significantly lowers our cost of debt, extends debt maturities and aligns with the Company’s long term goal of gross leverage ratio of three times or lower.” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “The strength in the global coke market along with strong operating performance are the key drivers of our excellent financial results in the Domestic Coke segment. Our Logistics business performance was driven by increased shipments from our Convent Marine Terminal. Record first half performance and the expected strength in steel and coal markets for the remainder of the year, leads us to significantly increase our full year Adjusted EBITDA guidance.”


The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, July 29, 2021 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.

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

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited) (Parenthetical)
Consolidated Statements Of Comprehensive (Loss) Income (Unaudited)
Consolidated Statements Of Equity (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Business Segment Information
Business Segment Information (Details Textual)
Business Segment Information (Tables)
Business Segment Information - Adjusted Ebitda (Details)
Business Segment Information - Segment Assets (Details)
Business Segment Information - Segment Profit Or Loss (Details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (Details)
Debt And Financing Obligation
Debt And Financing Obligation (Tables)
Debt And Financing Obligation - Covenants Narrative (Details)
Debt And Financing Obligation - Issuance Of 2029 Senior Notes (Details)
Debt And Financing Obligation - Maturities (Details)
Debt And Financing Obligation - Purchase And Redemption Of 2025 Senior Notes (Details)
Debt And Financing Obligation - Revolving Facility (Details)
Debt And Financing Obligation - Schedule Of Debt (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Antidilutive Securities Excluded From Eps Calculation (Details)
Earnings Per Share - Computation Of Eps (Details)
Fair Value Measurement
Fair Value Measurement (Details)
General
General (Details)
Income Taxes
Income Taxes (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Goodwill Narrative (Details)
Intangible Assets - Gross And Net Intangible Assets (Details)
Intangible Assets - Intangible Assets Narrative (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Disaggregated Sales And Other Operating Revenue (Details)
Revenue From Contracts With Customers - Narrative (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Compensation Expense And Unrecognized Compensation Costs (Details)
Share-Based Compensation - Performance Share Units (Details)
Share-Based Compensation -Narrative (Details)
Ticker: SXC
CIK: 1514705
Form Type: 10-Q Quarterly Report
Accession Number: 0001514705-21-000015
Submitted to the SEC: Thu Jul 29 2021 11:28:30 AM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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