SunCoke Energy Expects 2024 Net Income $67M-$84M, Capex $95M, Operating Cash Flow $75M-$80M, Adj. EBITDA Of $240M-$255M, Domestic Coke Total Production Of ~4.1M Tons
Portfolio Pulse from Benzinga Newsdesk
SunCoke Energy (SXC) provides its 2024 financial outlook, expecting net income between $67M-$84M, adjusted EBITDA of $240M-$255M, and domestic coke production of approximately 4.1 million tons. Capital expenditures are projected at $95M, with operating cash flow estimated between $75M-$80M.
May 01, 2024 | 11:41 am
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SunCoke Energy expects a positive financial performance in 2024 with net income between $67M-$84M and adjusted EBITDA of $240M-$255M, alongside significant coke production and capital expenditures.
The positive financial outlook for 2024, including expected increases in net income and adjusted EBITDA, suggests a strong operational year ahead for SunCoke Energy. This outlook could positively influence investor sentiment and the stock price in the short term, as it indicates growth and stability in operations and financial health.
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