SunCoke Energy Reports Record-Breaking Earnings, Beats Expectations by Over $67M
May 5, 2023
Trending News ☀️
SUNCOKE ($NYSE:SXC): SunCoke Energy Inc., a leading producer of high-quality coke and one of the largest independent producers of coal in the United States, is celebrating record-breaking first quarter earnings. The company reported a GAAP earnings per share of $0.19, exceeding expectations by $0.01 and revenue of $487.8M, higher than forecasted by $67.35M. SunCoke Energy is a publicly traded company on the New York Stock Exchange that specializes in the production and distribution of metallurgical and thermal coke. SunCoke Energy’s product portfolio includes metallurgical and thermal coke, coal, and other related products, as well as advanced technologies for materials handling and storage.
The company also owns and operates coal mining operations, and provides related services. Its customers include steel producers, integrated steel mills, electric arc furnace operators, and other industrial companies.
Earnings
SUNCOKE ENERGY reported its latest earnings report of FY2022 Q4 as of December 31st 2022, revealing record-breaking results in total revenue of 514.0M USD and net income of 11.8M USD. In the last three years, SUNCOKE ENERGY has seen an incredible surge in total revenue from 310.1M USD to 514.0M USD. The company has surely exceeded expectations with these outstanding figures.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Suncoke Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.97k | 100.7 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Suncoke Energy. More…
| Operations | Investing | Financing |
| 208.9 | -70.2 | -112.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Suncoke Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.65k | 1.03k | 7.02 |
Key Ratios Snapshot
Some of the financial key ratios for Suncoke Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | 14.2% | 7.8% |
| FCF Margin | ROE | ROA |
| 6.8% | 16.5% | 5.8% |
Market Price
On Thursday, SunCoke Energy reported record-breaking earnings of $67M more than expectations. The company’s stock opened at $7.4 and closed at $7.4, a decrease of 0.7% from its previous closing price of 7.5. SunCoke Energy has been able to deliver exceptional results and outperform market expectations due to its strong focus on cost control and efficiency.
As a result of its strong performance, SunCoke Energy’s stock has seen a steady increase over the past few months. Investors are hopeful that the company will be able to continue to deliver on its promise of delivering sustainable returns and value for shareholders. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis of SUNCOKE ENERGY‘s fundamentals. Based on our Risk Rating system, we’d rate SUNCOKE ENERGY as a medium risk investment in terms of financial and business aspects. However, we have detected two risk warnings in their income sheet and balance sheet that could be of concern to potential investors. If you’re considering investing in SUNCOKE ENERGY, then you should definitely register with us for more details about these risks. Our analysis and report can help you make an informed decision. More…
Peers
The company has a long history dating back to 1828 and has been a major player in the coke industry for over a century. The company’s main competitors are Alpha Metallurgical Resources Inc, Corsa Coal Corp, and Jastrzebska Spolka Weglowa SA.
– Alpha Metallurgical Resources Inc ($NYSE:AMR)
Metallurgical Resources Inc is a Canadian company that operates mines and metals processing facilities. The company has a market capitalization of 2.88 billion as of 2022 and a return on equity of 82.18%. Metallurgical Resources is engaged in the business of extraction, beneficiation, and processing of metals and minerals. The company’s primary products are copper, zinc, lead, and gold.
– Corsa Coal Corp ($TSXV:CSO)
Corsa Coal Corp is a coal mining company with a market cap of 27.88M as of 2022. The company has a Return on Equity of 1.34%. Corsa Coal Corp operates in the United States and Canada. The company produces and supplies metallurgical coal, coke, and anthracite.
– Jastrzebska Spolka Weglowa SA ($LTS:0Q45)
Jastrzebska Spolka Weglowa SA is a coal mining company with operations in Poland, the Czech Republic, and Germany. The company has a market capitalization of 4.43 billion as of 2022 and a return on equity of 39.6%. The company produces a variety of coal products including coking coal, thermal coal, and metallurgical coal. Jastrzebska Spolka Weglowa SA is one of the largest coal producers in Europe and is a major supplier of coal to the steel industry.
Summary
SunCoke Energy recently reported its quarterly earnings, showcasing positive results. According to their GAAP EPS, they beat expectations by a single penny at $0.19, while their revenue of $487.8M beat estimations by $67.35M. This is an encouraging sign for investors, suggesting that SunCoke Energy is performing well financially in the current climate.
This news could positively affect the company’s stock price as it may encourage more investors to put their money into the company. Thus, SunCoke Energy may prove to be a lucrative investment option for those looking to diversify their portfolios.
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