SunCoke Energy, Inc. announced its full-year 2024 results, with Consolidated Adjusted EBITDA reaching $272.8 million, surpassing the high-end of its revised guidance range of $260 million - $270 million. Net income attributable to SXC for the full year increased to $95.9 million, up from $57.5 million in 2023, primarily due to lower depreciation expense and the $9.5 million gain from black lung liabilities elimination.
The company achieved a record safety performance in 2024, with an annual Total Recordable Incident Rate (TRIR) of 0.50, demonstrating operational excellence. Logistics segment performance was favorable, driven by new business at Kanawha River Terminal and an extension of the coal handling agreement at Convent Marine Terminal. SunCoke also highlighted its 20% increase in the quarterly dividend from $0.10 to $0.12 per share as a capital allocation achievement.
Looking ahead, SunCoke provided full-year 2025 Consolidated Adjusted EBITDA guidance of $210 million - $225 million. This outlook anticipates adverse impacts from the Granite City cokemaking contract extension at lower economics and lower margins on higher spot coke sales due to challenging market conditions, including tepid steel demand and an oversupply in the seaborne coke market.
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