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SunCoke Energy, Inc. announces 2Q19 results

Published by
World Coal,


SunCoke Energy, Inc. has reported its results for the second quarter 2019, reflecting the strong performance in its Domestic Coke segment, including cost control across its cokemaking fleet.

Highlights

 

  • SunCoke completed the Simplification Transaction on 28 June 2019, with overwhelmingly favorable support from SXC shareholders.
  • Net income attributable to SXC was US$2.3 million, or US$0.03 per share, and Adjusted EBITDA was US$63.1 million in the current year period.
  • Reaffirmed full-year 2019 Consolidated Adjusted EBITDA guidance range of US$266 million to US$276 million.

 

"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."

To view SunCoke Energy’s second quarter results in full, please click here.

Read the article online at: https://www.worldcoal.com/coal/05082019/suncoke-energy-inc-announces-2q19-results/

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