SunCoke Energy Files Q2 2024 10-Q Report

TL;DR

SunCoke Energy (SXC) dropped its Q2 10-Q. Check financials.

AI Summary

SunCoke Energy, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and first half of the fiscal year. Key financial data and operational details for SunCoke Energy, Inc. are presented in this report.

Why It Matters

This filing provides investors with a detailed look at SunCoke Energy's financial performance and operational status for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Players & Entities

• SunCoke Energy, Inc. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240731 (date) — Filing date of the report

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share SXC New York Stock Exchange

Filing Documents

• sxc-20240630.htm (10-Q) — 1219KB
• sxcex10110-q2024q2.htm (EX-10.1) — 20KB
• sxcex22110-q2024q2.htm (EX-22.1) — 23KB
• sxcex31110-q2024q2.htm (EX-31.1) — 10KB
• sxcex31210-q2024q2.htm (EX-31.2) — 9KB
• sxcex32110-q2024q2.htm (EX-32.1) — 5KB
• sxcex32210-q2024q2.htm (EX-32.2) — 5KB
• sxcex95110-q2024q2.htm (EX-95.1) — 48KB
• 0001514705-24-000017.txt ( ) — 5725KB
• sxc-20240630.xsd (EX-101.SCH) — 38KB
• sxc-20240630_cal.xml (EX-101.CAL) — 54KB
• sxc-20240630_def.xml (EX-101.DEF) — 154KB
• sxc-20240630_lab.xml (EX-101.LAB) — 403KB
• sxc-20240630_pre.xml (EX-101.PRE) — 289KB
• sxc-20240630_htm.xml (XML) — 844KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements 1 Consolidated Statements of Income (Unaudited) For the Three and Six Months Ended June 30 , 2024 and 2023 1 Consolidated Statements of Comprehensive Income (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 2 Consolidated Balance Sheets at June 30, 2024 (Unaudited) and December 31, 2023 3 Consolidated Statements of Cash Flows (Unaudited) For the Six Months Ended June 30, 2024 and 2023 4 Consolidated Statements of Equity (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 5 Notes to the Consolidated Financial Statements 7 1. General 7 2. Inventories 7 3. Intangible Assets 8 4. Income Taxes 8 5. Accrued Liabilities 9 6. Debt 9 7. Commitments and Contingent Liabilities 9 8. Share-Based Compensation 10 9. Earnings per Share 12 10. Fair Value Measurement 13 11. Revenue from Contracts with Customers 13 12. Business Segment Information 14

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 24

Controls and Procedures

Item 4. Controls and Procedures 24

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 25

Risk Factors

Item 1A. Risk Factors 25

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 25

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 25

Other Information

Item 5. Other Information 25

Exhibits

Item 6. Exhibits 26

Signatures

Signatures 27 Table of Contents CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS We have made forward-looking statements in this Quarterly Report on Form 10-Q, including, among others, in the sections entitled "Risk Factors," "Quantitative and Qualitative Disclosures About Market Risk" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward-looking terminology such as the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should" or the negative of these terms or similar expressions. Such forward-looking statements are based on management's beliefs, expectations and assumptions based upon information currently available, and include, but are not limited to, statements concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities (including, among other things, continued expansion into the foundry coke market), the influence of competition, and the effects of future legislation or regulations. In addition, statements in this Quarterly Report on Form 10-Q concerning future dividend declarations are subject to approval by our Board of Directors and will be based upon circumstances then existing. Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. Forward-looki

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements SunCoke Energy, Inc. Consolidated Statements of Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars and shares in millions, except per share amounts) Revenues Sales and other operating revenue $ 470.9 $ 534.4 $ 959.3 $ 1,022.2 Costs and operating expenses Cost of products sold and operating expenses 389.7 443.1 791.9 845.1 Selling, general and administrative expenses 17.8 17.4 36.2 36.2 Depreciation and amortization expense 28.7 36.4 62.0 71.7 Total costs and operating expenses 436.2 496.9 890.1 953.0 Operating income 34.7 37.5 69.2 69.2 Interest expense, net 5.8 7.2 12.1 14.4 Income before income tax expense 28.9 30.3 57.1 54.8 Income tax expense 5.6 8.3 12.7 15.1 Net income 23.3 22.0 44.4 39.7 Less: Net income attributable to noncontrolling interests 1.8 1.6 2.9 3.0 Net income attributable to SunCoke Energy, Inc. $ 21.5 $ 20.4 $ 41.5 $ 36.7 Earnings attributable to SunCoke Energy, Inc. per common share: Basic $ 0.25 $ 0.24 $ 0.49 $ 0.43 Diluted $ 0.25 $ 0.24 $ 0.49 $ 0.43 Weighted average number of common shares outstanding: Basic 85.1 84.7 85.0 84.6 Diluted 85.3 84.9 85.3 84.9 (See accompanying notes to the consolidated financial statements) 1 Table of Contents SunCoke Energy, Inc. Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (Dollars in millions) Net income $ 23.3 $ 22.0 $ 44.4 $ 39.7 Other comprehensive income (loss): Reclassifications of prior service benefit and actuarial loss amortization to earnings, net of tax — — 0.1 0.1 Currency translation adjustment ( 0.7 ) 0.4 ( 0.9 ) 0.5 Comprehensive income 22.6 22.4 43.6 40.3 Less: Comprehensive income attributable to noncontrolling interests 1.8 1.6 2.9 3.0 Comprehensive income attributable to SunCoke Energy, Inc. $ 20.8 $ 20.8 $ 40.7 $ 37.3 (See accompanying notes to the consolidate