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Fly News Breaks for March 25, 2015
X, SXCP, SXC
Mar 25, 2015 | 14:26 EDT
Wells Fargo tells investors in SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP) not to panic after customer U.S. Steel (X) said it will temporarily idle its Granite City operations. Wells says SunCoke's long-term take or pay contracts have survived "many challenging cycles." The firm believes risk to SunCoke's estimates looks manageable following U.S. Steel's move.
News For SXC;SXCP;X From the Last 2 Days
X
Apr 23, 2024 | 09:36 EDT
X
Apr 23, 2024 | 08:47 EDT
X
Apr 23, 2024 | 08:43 EDT
Says will continue to buy back stock "hand over fist." Says Cleveland-Cliffs (CLF) "the only U.S. solution" for U.S. Steel (X). Says will have to "re-assess value" of U.S. Steel. Says targeting net debt to EBITDA of 2.5x. Says balance sheet in "great shape, near record liquidity." Sees CapEx ~$1B/year from 2025-2028. Comments taken from Q1 earnings conference call.
