Good morning. My name is David, and I'll be your conference operator today. At this time, I would like to welcome everyone to the SunCoke Energy third quarter 2021 earnings call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there'll be a question-and-answer session. If you would like to ask a question during that time, simply press one followed by star. If you'd like to withdraw your question, press star one once again. I'll now turn the call over to Shantanu Agrawal, Head of Investor Relations. You may begin your conference. Thanks, David. Good morning, and thank you for joining us this morning to discuss SunCoke Energy's third quarter 2021 results. With me today is Mike Rippey, President and Chief Executive 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 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 are 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. I want to discuss a few highlights of our third quarter results before turning it back to Shantanu, who will review them in detail. First, I would like to thank all of our SunCoke teammates for their continued commitment to our shared goals of working safely and efficiently to deliver high-quality products and services to our customers. Turning to our financial performance in the quarter, we are pleased with how our teams delivered across both the coke and logistics segments. Coke making operations continue to operate at full capacity, while our logistics segment delivered another solid quarter despite the disruption caused by Hurricane Ida. For the third quarter of 2021, we delivered Adjusted EBITDA of $73.9 million, representing record third quarter performance. As I mentioned, CMT operations were disrupted due to Hurricane Ida, but the terminal recovered quickly with only minor damage and minimal business disruption. The resilient nature of our operations and commitment to our employees was clearly visible through the speed at which CMT returned to normal operations. Operationally, our export and foundry coke initiatives continue to perform well, as evident from our financial results. In addition, positive market dynamics are proving that our entry into these markets was timely. Our products are well received by customers, and we have established ourselves as a reliable supplier of quality products in both markets. Our gross leverage stands at approximately 2.5x on a trailing 12-month Adjusted EBITDA basis. We are committed to continue paying down our revolver for the remainder of the year. Based on our year-to-date performance and the expectation of continued strength in steel and coal markets for the remainder of the year, we are well-positioned to modestly exceed our full year 2021 Adjusted EBITDA guidance of $255 million-$265 million. With that, I'll turn it over to Shantanu to review our third quarter earnings in detail. Shantanu? Thanks, Mike. Turning to slide four. Our third quarter net income attributable to SXC was $0.27 per share, up $0.30 versus the prior year period. The increase is primarily driven by the absence of supply relief provided to certain customers as part of the turndown agreements during the prior year period. Adjusted EBITDA came in at $73.9 million for the quarter, up $26.1 million from the prior year quarter. Our coke operations continue to deliver strong performance and operate efficiently. Overall, coke operations were up $17.7 million over prior year period. Logistics segment was up $7.3 million quarter over quarter, driven by higher throughput volumes, higher price, and diversified product base at CMT. Turning to the domestic coke business summary on slide five. Third quarter Adjusted EBITDA per ton was $62 on 1,056,000 sales tons. The volumes were higher across the fleet as the prior year period was impacted by pandemic-related turndowns. Our successful entry into export and foundry market is proving to be timely, and when combined with full capacity utilization, we can see the positive impact on our profitability. We expect full-year domestic coke Adjusted EBITDA to come in modestly higher than the guidance range of $234 million-$238 million. There are planned outages at some of our domestic coke facilities, which will impact the volume and profitability of fourth quarter but is included in the full-year guidance. Moving to slide six to discuss our logistics business. The logistics business generated $11.6 million of Adjusted EBITDA during the third quarter of 2021 as compared to $4.3 million in the prior year period. The increase is driven by higher coal volumes, addition of iron ore as a product, and higher price on coal handling, all at CMT. The coal handling contract includes a quarterly price adjustment or a price kicker, which is based on the API2 price index, which benefited Q3 results. We expect the benefit to continue in Q4 as well. As mentioned by Mike earlier, the impact of Hurricane Ida on CMT was limited and the facility came back to normal operating levels fairly quickly. The segment as a whole handled 4.9 million tons of throughput volumes during the quarter as compared to 3.3 million tons during the prior year period. Our full year guidance for logistics volumes and Adjusted EBITDA remains the same as provided in second quarter. Turning to slide seven to discuss our liquidity position in Q3. As you can see from the chart, we entered the third quarter with a cash balance of $54.6 million. In the third quarter, cash flow from the operating activities generated close to $79 million. We spent $18.4 million on CapEx during the quarter and paid dividends of $5 million at the rate of $0.06 per share. We lowered our debt by $51.7 million, with the majority of the reduction coming in the form of pay down of our revolving credit facility. Our total debt balance stood at approximately $615 million at the end of third quarter, and we expect to continue to pay down the revolver over the balance of the year. In total, we ended the quarter with a strong liquidity position of $291 million. With that, I'll turn it back to Mike. Thanks, Shantanu. Wrapping up on slide eight. As always, safety and operational performance is top of mind for our organization. We look to continue to perform safely while successfully executing against our operating and capital plan for the remainder of the year. We are very pleased with the progress we have made so far in the new markets we entered this year, and we will continue to focus on further developing our customer base and participation in future years. Our aim when we started 2021 was to run at full capacity while introducing new products. As we end the third quarter, we are fully booked for the balance of the year and we are actively working on filling the order book for next year. On the logistics side, we have made good progress on revitalizing CMT with a backdrop of positive market dynamics. We will continue to build on this foundation for CMT's long-term success. On the capital allocation front, we will continue to work toward reducing our revolver for the balance of the year. In the longer term, we will continually evaluate the capital needs of our business, profitable growth opportunities and the need to reward our shareholders, and we'll make capital allocation decisions accordingly. Finally, based on reliable performance of our operating segments and success of export and foundry products, we are well positioned to modestly exceed our Adjusted EBITDA guidance of $255 million-$265 million for 2021. With that, let's go ahead and open it up for Q&A. At this time, I'd like to remind everyone in order to ask a question, press star then the number one on your telephone keypad, and we'll pause for just a moment to compile the Q&A roster. Okay. We'll take our first question from Nathan Martin with The Benchmark Company. Guys, thanks, for taking my questions and congrats on the quarter. Thanks, Nathan. Thanks, Nathan. If I look at your domestic coke segment, EBITDA guidance there again modestly exceeds your prior range. This is combined with your expectation of flexible volumes and profitability to be a little bit lower due to some outage work. I guess the first question is lower compared to what? Is that quarter-over-quarter or year-over-year? Also maybe just talk about some of the outage work being done. It looks like you're still expected to hit that 4.15 million tons of production guide. I just want to make sure that's right. Thanks. Yep. That's all right. It's quarter-over-quarter. The fourth quarter we've scheduled a lot of the routine maintenance and capital work that we like to complete during the year. This year is working out where a lot of that work's going to occur during the fourth quarter. Some of that's by design and some of it frankly is due to the pandemic and the challenge associated with gathering all the necessary equipment that needs to be installed and refurbished and pulling together all the labor inputs to complete the capital work. It's been difficult to do capital work throughout the year again because of the difficulty of obtaining materials and necessary labor inputs. A lot of that work is being pushed into the fourth quarter here. Got it. That's I guess, Mike, what gives you the feeling that you're still probably gonna be closer to that $90 million of CapEx for the full year? Okay. Kind of moving over to logistics. Third quarter a little bit weaker obviously I'm sure that was largely driven by Hurricane Ida. You guys again left your full year guidance of around 21.5 million tons unchanged. That would imply a pretty big fourth quarter it looks like especially at CMT. Maybe you could discuss what gives you the confidence that you can still hit that full year number? Well, you touched on it. The disruption was related to Ida. Our facility was down for the better part of three weeks, and that related not to damage of the facility, but rather that we were unable to run the facility because there was no electricity in the region. We had to wait for electricity to be restored in the region. We lost some volumes there. Good news is the teams were at the ready when power was restored, they were in, we repaired some of the minor damage and we're back operating within 48 hours of power being restored. We look forward to a good fourth quarter down at CMT. Okay. Yeah, 'cause it's just looking again, if you kind of hit that full year CMT guidance of around 11 million tons with supply and well over 3 million tons in the fourth quarter. You're confident you can kind of get to that number more or less? Yeah, we're confident with the guidance we've given. I mean, I think it should be around that 3 million ton number. You know, Q4 obviously, kind of with the API2 pricing being so strong, they're seeing good volume. We feel confident with our guidance. Perfect. Very helpful, guys. Shantanu, you just brought up one thing I want to touch on, too, that price kicker that you mentioned in the third quarter that you still expect should probably carry through the fourth quarter. Could you guys let us know maybe what API2 price is required to get that kicker? Is this something that, you know, could also continue into 2022 and beyond, assuming it stays above that required level? It certainly could continue into 2022. To answer your first question, the answer is we don't share any of the details with regard to our contracts. I'm unable to answer that question, or perhaps better said, unwilling to answer that question. Got it, Mike. No, no worries. Then maybe the last one, too, I'll just try and see, again, kind of going back real quick to the domestic coke segment fully sold out this year. You know, last quarter, you mentioned you still had about 800,000 tons for, to sell for 2022. Any comments or updates there? No, as we said, we're working hard at selling our volumes for 2022 as we speak today. 2021 is sold out now. All right. Got it. Appreciate the comments and best of luck in the fourth quarter, guys. Thanks. Thanks, Nathan. As a reminder, ladies and gentlemen, to ask a question, it's star one on your telephone keypad, and we'll pause for a moment. Okay. We'll take our next question from Josh Taykowski with Credit Suisse. Hey, guys. Congrats on the quarter. Just one quick one from me. Maybe not quick, but I guess commentary from one of your big customers in their earnings call last week pointed to, you know, the clear intention to, you know, continue to reduce their met coal needs. I guess on the back of that and, you know, their recent purchase of, you know, some scrap vertical integration play, how do you react to that and the pretty vocal intention to continue reducing that met coal need? Yeah, we've you know addressed this before and the comment's not a new one. We actually applaud it. The reason we do that is to the extent by adding you know alternative fuel sources to a blast furnace it doesn't much matter whether it's DRI, HBI, PCI, pulverized coal or natural gas as a fuel. All of those additions correctly reduce the need for coke in the furnace. What it also does is require the coke that is in the furnace be of ever higher quality. Coke has two primary values in a furnace. One is a source of fuel, the other is to support the burden in the furnace so as to allow the chemical reactions to occur. When you think about these other substitute materials, they have no value in terms of burden support in the furnace. That requires the coke that's in the furnace to be of a higher quality. As we've discussed for many years now, the natural output of our process is to produce a coke, a very high CSR, so it's a very strong coke, which lends itself to this ability to substitute. As coke more generally is replaced in a furnace, the need for higher quality cokes actually increases, and we're the producer of that high quality coke. It's perfectly fine with us that our customers are looking to reduce their CO2 footprint by injecting other forms of metal and energy to the furnace. We're perfectly okay. Got it. Super helpful. Thanks, guys, and congrats again. Mm-hmm. As a reminder, ladies and gentlemen, press star one if you would like to ask a question. Next, we'll go to Gemma [Fargo] with FactSet. This might be Lucas Pipes. I dialed in with the FactSet number. Can you hear me all right? We can hear you, Lucas. All right. Well, good morning and good job on the quarter. So first I wanted to ask a clarifying question from Nathan earlier. The order book for 2022, where do you stand today and how quickly do you expect to be fully booked? First the question is on the coke side, but then of course on the CMT side, would also be curious how your order book is shaping up. Thank you very much. Good questions, Lucas. On the coke front, we're in active discussions now. We have sold a few cargoes into 2022. The sales that we make during 2022, and we're not prepared to address them fully today, may take the form of annual contract commitments. They may take the form of quarterly commitments, or they may more simply be a cargo at a time. That's what we did for all of 2021, basically, cargo commitments or quarterly commitments. What then is required of us is to be active in the market, to know the market, to be present and to be booking at the appropriate time. We didn't enter 2021 full. We just said that we expected to be full, and indeed, we've been full. We were selling cargoes here in 2021, filling out the fourth quarter as recently as September. We won't enter 2022 in a sold-out position. That's not our intention, but rather to be well positioned to sell out throughout all of 2022. We booked a few cargoes. We're in active discussions, and there's no reason as we sit here today to think that we won't be able to run full in 2022. Your question about CMT, we're relatively far down the road in terms of repositioning the asset. The volumes are way up from where they were. Doesn't mean we're not looking for more tonnage. We are. We're not gonna give you the 2022 guidance today, but volume levels not dissimilar to what we're experiencing today would be an expectation for 2022. That's very helpful. Second topic I wanted to touch on was this current coal price environment and highest prices that I've ever seen. I wanted to ask what implications this has for your business. Well, one, does it lead to margin expansion in your coke regular way coke business? Two, does it maybe make the contracting that you just touched on more difficult? I would really appreciate in what ways the current coal price environment is impacting your business. Well, for the most part, coal prices are pass through for our company. The impact of higher or lower coal prices isn't material to us. It does, though, require, as our company's approach to the market's changed over the past few years, and now I'm referring to some of our export and foundry activities, an amount of education on our part with our customers. Because they don't purchase under these long-term take or pay multi-year contracts, we have to go out and basically reprice every year. We have to talk to them about the fact that coal prices, met coal prices have risen, you know, substantially. I'm probably a little older than you, Lucas, and they're the highest I've ever seen too. With that, you know, we procure our coal prices at very competitive rates, and we're going to pass those changes and inputs onto the market. It does require time with our customers and explanation, understanding. We've been, you know, socializing, if you will, the fact that coal prices are changing in a rather dramatic way, and the full expectation is we'll be passing those increases along. I might add that when coal prices come down in years ahead, which they may certainly from these levels, we won't benefit from that either. Rather, we pass that decrease onto a marketplace. You know, we don't compete on coal price. We compete on the quality of our product and the effectiveness and efficiency with which we convert coal to coke. There, we're very strong. We like our place in the market. Thank you, Mike. Quick follow-up question. In years prior, I recall maybe tens of millions of dollars of fluctuations due to changes in coal prices. I think it has to do with your efficient conversion from coal to coke and some of these benefits being shared between you and your customer. Does that mechanism still hold today? If so, is the ballpark of tens of millions of dollars accurate or the right kind of zip code? We did have a benefit or a detriment year-over-year as it relates to yield, but it doesn't turn into tens of millions of dollars. Yeah. Lucas, I mean, obviously, like, kind of depending upon, you know, what kind of contract there is, right? If you are doing more, as Mike mentioned, cargo by cargo, I think it will depend more on what kind of contracts we have, though. Yes, but there is, you know, yield impact, as Mike said, of increasing coal prices. But it's not to that magnitude. Obviously, like, kind of when we, you know, provide the 2022 guidance, we'll kind of obviously once our coal prices are finalized and we have kind of good understanding of where the volumes are going, we'll provide that information. Okay. I appreciate it. Thank you very much, and best of luck. Thanks. Thanks. Okay. We'll take our next question from phone number 646-855-6199 of [Matthew K.]. Hi. This is Matt Fields. Wanted to—you know, you touched on the comments about using less coke from your customers, and I appreciate the kind of dollars and cents sort of move behind that. Also kind of I think as steel companies aim to be sort of more ESG friendly, to the extent that they can in the United States, what do you think the impact is on your business? Do you think that the kind of the decision to use internal coke resources, which are probably a lot older and maybe more you know, difficult to report emissions wise versus SunCoke's kind of newer, cleaner coke, will make a difference as these steel companies kind of decide sort of their optimal mix going forward. Yeah, you really touch on it, Matt, and that's why we believe we're very well positioned for a more ESG centric future where properly steel companies, aluminum producers, whomever it might be, are focused on their carbon footprint. As they do that and they look to reduce, and we talked about it earlier, the substitution of HBI, for example, into a blast furnace as opposed to coke. We think we're well positioned. We're well positioned because of the age of our fleet and the environmental footprint of our fleet. You know, we are the MACT standard. You know, the newest fleet, we're also environmentally the most friendly fleet, and we're very efficient. It's the old kind of macroeconomics 101 that we all took when you look at supply and demand curves. You know, you don't want to be in that right quadrant of the supply curve. You don't want to be the high cost inefficient producer. We sit in a very nice place on that supply curve in the left corner where we're very efficient, we're very new, we're well invested. You know, we're spending $90 million this year on capital, and we expect to continue at that level. We're gonna maintain these facilities in good environmental stead. They're gonna remain efficient and well positioned to serve the market. As there might be less demand for coke in the future, the place you don't wanna be again is in that rightmost corner. We're nowhere close to being in that corner. You've really seen it evidenced here in the last few years, Matt. We've entered into the foundry market. The foundry market didn't grow. Demand for foundry cokes remained relatively flat, but supply left. Why does supply leave? Well, it was the high cost polluting producers that left the older foundry facilities. You know, you've seen a few announcements like that now on the integrated side with some announced closures at both of our main customers. As they're faced with capital decisions and investing in very old facilities, they're making the right decisions. They're investing their monies closer to their customers and in other parts of their business, which we applaud. We stand ready to serve them, and we'll help them in their journey to reduce their carbon footprints. Thanks. Thanks for that perspective. My next question's on the free cash flow side. It seems like you're kind of already at your 2021 guidance for free cash flow. You know, maybe a touch above, maybe a touch below, but kind of there already. With the kind of implied jump up in CapEx for the fourth quarter to hit that $90 million guidance, it seems like free cash flow will be a use in the fourth quarter. It seems like I just kind of want to reconcile the commentary you made earlier about, you know, continuing to pay down revolver balance in the fourth quarter despite what seems like will be a free cash flow use. Thanks. Yeah, I mean, I think there's a little bit. I mean, obviously, depending upon where the guidance come in, since we said that it could be modestly higher. I think there could be a little bit of higher cash flow generation based on where our EBITDA comes in. Whatever excess cash that we have will kind of, you know, it'll go towards the revolver essentially. That's what that comment means. Do you think fourth quarter will be a positive free cash flow quarter? A little bit. Yeah, probably. I mean, depends on, you know, what where EBITDA comes in and kind of obviously CapEx should come in at 90 and then what ends up on the coal purchasing, right? Obviously, as we move on to a big delta change in the coal pricing, there could be, you know, depending upon what coal purchase we have, it could be, you know, a little bit positive. Okay, great. Thanks very much and good luck on the rest of the year. Thanks. That does conclude today's question and answer session. I'll now turn the call back over to Mike Rippey for any additional comments or closing remarks. Good. Again, thank you all for joining us this morning. As always, your continued interest in SunCoke, we look forward to continuing these discussions in the months and years ahead. Thanks again, and we'll talk soon. This concludes today's conference call. You may now disconnect.