SunCoke Energy, Inc.

Good morning, my name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to the Suncoke Energy second quarter 2022 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again press the star one. Thank you. Shantanu Agrawal, Vice President, Investor Relations, you may begin your conference.

Thanks, Rob. Good morning, and thank you for joining us this morning to discuss Suncoke Energy's second quarter 2022 results. With me today are Mike Rippey, President and Chief Executive Officer, and Mark Marinko, Senior Vice President and Chief Financial Officer. Following management's prepared remarks, we'll open the call for Q&A. This conference call is being webcast live on the investor relations section of our website, and a replay will be available later today. If we don't get to your questions on the call today, please feel free to reach out to our investor relations team. Before I turn things over to Mike, let me remind you that the various remarks we make on today's call regarding future expectations constitute forward-looking statements. The cautionary language regarding forward-looking statements in our SEC filings apply to the remarks we make today. These documents are available on our website as our reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll now turn things over to Mike.

Thanks, Shantanu. Good morning, and thank you all for joining us today. Today, we announced Suncoke Energy's second quarter results, and before I turn it over to Mark, who will review the results in detail, I want to discuss a few highlights. I want to start by thanking all of our Suncoke employees for their commitment and contributions to our shared goals of working safely and efficiently to deliver high-quality products and services to our customers. Our export and foundry coke initiatives continue to perform well, and we are seeing the positive impact in our financial results. In the logistics segment, we continue to see increased volumes at our domestic terminals, while CMT benefited from the easing of coal supply and rail delivery issues. By the second quarter of 2022, we delivered consolidated adjusted EBITDA of $71.3 million. Combined with the first quarter's results, this has been a record first half for SunCoke. During the second quarter, we also announced the signing of a non-binding letter of intent with U.S. Steel that sets out the principal terms and conditions upon which SunCoke will acquire U.S. Steel's Granite City blast furnaces and build a 2 million ton per year granulated pig iron facility with a 10-year initial term. This proposed project would significantly enhance Suncoast's current footprint, allowing us to become a diversified supplier of coked and metallics for the steel industry. Today, we also announced that our board of directors approved a 33% increase in our quarterly dividend from $0.06 to $0.08 per share effective September 1st, 2022, the next quarterly payment date. This meaningful increase demonstrates the board's and senior leadership's confidence in our continued progress and the stability of our underlying core businesses. Recognizing both record first half performance and softening in export Coke market conditions for the second half of the year, we are increasing our full year adjusted EBITDA guidance to 270 to 285 million from our original guidance of 240, 255 million. With that, I will turn it over to Mark to review our second quarter earnings in detail.