SunCoke Energy, Inc.

Good day and welcome to the Suncoke Energy Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To answer your question, please press star then two. Please note today's event is being recorded. I would now like to turn the conference over to Shantanu Nagarwal, Vice President, Finance, and Treasurer. Please go ahead.

Thanks, Roko. Good morning, and thank you for joining us this morning to discuss Suncoke Energy's fourth quarter and full year 2024 results, as well as 2025 guidance. With me today are Catherine Gates, 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 Catherine, 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 are reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll now turn things over to Catherine.

Thanks, Shantanu. Good morning. Thank you for joining us today. Earlier today, we announced Suncoke Energy's fourth quarter results. Before I turn it over to Mark to review the results in detail, I want to share a few highlights from 2024. First, I want to recognize our remarkable achievement in safety performance. Suncoke ended the year with a record-setting total recordable incident rate of .5. Safety is our first priority, and I'd like to thank all of our employees for their continued commitment to exceptional safety performance. Turning to our financial achievements, we delivered consolidated adjusted EBITDA of $272.8 million, exceeding the high end of our increased guidance range of $270 million. Excellent performance from our logistics segment and the one-time gain from the Department of Labor agreement drove our results. We generated $96 million of free cash flow, exceeding the high end of our guidance range of $90 million. Our Coke plants ran full in 2024, and we successfully sold all non-contracted tons into the foundry and spot blast Coke markets, delivering adjusted EBITDA within our revised guidance range despite lower coal to coke yields. In addition, we extended our Granite City coke making contract through June 2025 with the option for the customer to extend through year end. In the logistics segment, we grew our barge business at our Kanawha River Terminal and benefited from the API 2 price adjustment at Convent Marine Terminal. We also signed a new three-year take or pay coal handling agreement at KRT and expect to see the benefit of that beginning in Q3 when the capital project is complete. We made great progress on our capital allocation priorities in 2024, returning approximately $38 million to our shareholders via our quarterly dividend, which was increased from 10 cents per share to 12 cents per share. We expect to continue our quarterly dividend throughout 2025. We ended the year with a gross leverage ratio of 1.83 times on a last 12 months adjusted EBITDA basis. Finally, the additional delays of the U.S. Steel Nippon transaction have unfortunately resulted in ongoing delays for an agreement on the GPI project. Despite this, we recognize the significant merits of the project and remain focused on its development. With that, I'll turn it over to Mark to review our fourth quarter and full year earnings in detail. Mark?