SunCoke Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 07:35 am EDT
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SunCoke Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 534.4 million compared to USD 501.9 million a year ago. Net income was USD 20.4 million compared to USD 18 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.21 a year ago.
For the six months, sales was USD 1,022.2 million compared to USD 941.7 million a year ago. Net income was USD 36.7 million compared to USD 47.5 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.56 a year ago.
SunCoke Energy, Inc. is an independent producer of coke. The Companyâs segments include Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of coke making facilities and heat recovery operations at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. The Brazil segment consists of coke making operations located in Vitoria, Brazil, where it operates the ArcelorMittal Brazil coke making facility for a Brazilian subsidiary of ArcelorMittal S.A. The Logistics segment consists of Convent Marine Terminal (CMT), Kanawha River Terminal (KRT) and SunCoke Lake Terminal (Lake Terminal). Its terminals act as intermediaries between its customers and end users by providing transloading and mixing services. CMT is located in Convent, Louisiana, with access to seaborne markets for coal and other industrial materials. The terminal provides loading and unloading services and has direct rail access.
SUNCOKE ENERGY, INC. 
