SunCoke Energy (SXC) Company Report

SunCoke Energy, Inc. (SXC) and United States Steel (U.S. Steel) have agreed to a one-year extension of their metallurgical cokemaking agreement for the Granite City facility.
The contract is extended through December 31, 2026, with key terms similar to the prior extension.
During the 2026 Contract Period, SunCoke will produce and deliver approximately 590,000 tons of metallurgical coke to U.S. Steel and maintain its current minimum steam supply obligation.

Jan 22, 2026, 2:14 PM

8-K

SunCoke Energy and Cleveland-Cliffs Extend Coke Supply Agreement

SXC

New Projects/Investments

SunCoke Energy and Cleveland-Cliffs have extended their metallurgical coke supply agreement for three years, beginning January 1, 2026, under which SunCoke's Haverhill facility will supply 500,000 tons annually to Cleveland-Cliffs.
This extension maintains similar contract terms, affirming the long-term partnership and the strategic importance of the coke supply to Cleveland-Cliffs' blast furnace operations.
Cleveland-Cliffs continues to rely on SunCoke's supply despite facing financial challenges, including negative operating (-8.26%) and net margins (-8.97%), a debt-to-equity ratio of 1.41, and an Altman Z-Score of 1.11, which signals potential bankruptcy risk.
SunCoke Energy, which operates facilities in the U.S. and Brazil, utilizes innovative heat-recovery technology in its cokemaking process and provides additional industrial services.

Nov 19, 2025, 12:14 AM

Morningstar

SunCoke Energy, Inc. announces 3-year extension of Haverhill cokemaking agreement

SXC

New Projects/Investments

SunCoke Energy, Inc. (SXC) and Cleveland-Cliffs Inc. have agreed to a 3-year extension of their cokemaking agreement.
Under the agreement, SunCoke will supply 500 thousand tons of metallurgical coke annually to Cleveland-Cliffs from its Haverhill facility.
The contract commences on January 1, 2026, and is effective through December 31, 2028, with automatic renewals for additional two-year terms.

Nov 18, 2025, 9:48 PM

8-K

SXC Announces Q3 2025 Results and Updates Full-Year Guidance

SXC

Earnings

Guidance Update

M&A

SXC reported Q3 2025 Consolidated Adjusted EBITDA of $59.1 million and Diluted EPS of $0.26.
The company completed the acquisition of Phoenix Global on August 1st, 2025, integrating it into the new Industrial Services segment, which contributed $18.2 million in Adjusted EBITDA for Q3 2025.
SXC updated its FY 2025 Consolidated Adjusted EBITDA guidance to $220 million - $225 million but significantly revised its Free Cash Flow guidance to ($10 million) - $0 million from an original range of $100 million - $115 million.
This revised guidance incorporates the deferral of approximately 200Kt coke sales due to a customer's breach of contract.
The company maintained approximately $206 million in liquidity and declared its 25th consecutive quarterly cash dividend of $0.12 per share.

Nov 4, 2025, 4:00 PM

Presentation

SunCoke Energy Reports Q3 2025 Results, Revises Full-Year Guidance Downward

SXC

Earnings

Guidance Update

Legal Proceedings

SunCoke Energy reported Q3 2025 consolidated adjusted EBITDA of $59.1 million and net income attributable to SunCoke of $0.26 per share.
The company completed the acquisition of Phoenix Global on August 1st, integrating its results into the new industrial services segment and expecting synergies in 2026.
Full-year 2025 consolidated adjusted EBITDA guidance was revised downwards to between $220 million and $225 million, primarily due to the deferral of approximately 200,000 coke tons resulting from a breach of contract by a customer, identified as Algoma.
Free cash flow guidance for full-year 2025 was updated to a range of negative $10 million to zero, significantly impacted by the deferral of cash receipts from the contract breach and Phoenix acquisition costs.
A quarterly dividend of $0.12 per share was announced, payable on December 1st, 2025, marking the 25th consecutive quarter of dividend payments.

Nov 4, 2025, 4:00 PM

Transcript

SunCoke Energy, Inc. Reports Third Quarter 2025 Results and Updates Full-Year Guidance

SXC

Earnings

Guidance Update

M&A

SunCoke Energy, Inc. reported Q3 2025 net income attributable to SXC of $22.2 million, or $0.26 per diluted share, compared to $30.7 million, or $0.36 per diluted share, in the prior year period.
Consolidated Adjusted EBITDA for Q3 2025 was $59.1 million, a decrease from $75.3 million in the prior year period, primarily driven by lower volumes and pricing in the Domestic Coke segment and lower logistics volumes, partially offset by the inclusion of Phoenix Global results.
The company completed the acquisition of Phoenix Global on August 1, 2025, which contributed to the Industrial Services segment's revenue and Adjusted EBITDA.
The full-year 2025 Consolidated Adjusted EBITDA guidance range was updated to $220 million to $225 million, reflecting the addition of five months of Phoenix Global results, partially offset by the deferral of approximately 200,000 tons of coke sales due to a customer's breach of contract.
The Granite City cokemaking contract with U.S. Steel was extended through December 31, 2025.

Nov 4, 2025, 2:24 PM

8-K

SunCoke Energy Announces Acquisition of Phoenix Global

SXC

M&A

SunCoke Energy announced a Definitive Agreement to acquire Phoenix Global, a leading provider of mission-critical services to steel producers.
The acquisition is set at $325 million on a cash-free, debt-free basis, representing approximately a 5.4x multiple on Phoenix’s last 12 months adjusted EBITDA of $61 million.
The deal is expected to deliver $5 million to $10 million in annual synergies, which are not included in pro forma adjusted EBITDA, and closing is anticipated in the second half of 2025.
Phoenix’s operations are bolstered by long-term contracts with a weighted average life of around 6 years, supporting predictable revenue and integration benefits with SunCoke’s operational expertise.

May 30, 2025, 8:15 AM

SunCoke Energy 2025 Proxy Vote Outcomes

SXC

Proxy Vote Outcomes

Board Change

Auditor Change

SunCoke Energy, Inc. filed an 8-K report covering its Virtual Annual Meeting held on May 15, 2025, where significant proxy votes were recorded.
72,390,068 shares were represented at the meeting, constituting approximately 85.52% of total outstanding common stock and ensuring a quorum.
The meeting approved the election of two directors, Arthur F. Anton and Michael W. Lewis, with detailed vote counts reported.
Shareholders also voted on a non-binding advisory for executive compensation and ratified KPMG LLP as the independent accounting firm for the fiscal year ending December 31, 2025.

May 15, 2025, 12:00 AM

8-K

SunCoke Energy Reports Q1 2025 Results

SXC

Earnings

Guidance Update

Q1 2025 financial performance: Reported net income of $19.4 million with net income attributable to SXC of $17.3 million (or $0.20 diluted EPS), and Consolidated Adjusted EBITDA of $59.8 million, compared to prior year figures of $21.1 million and $67.9 million respectively.
Operational update: Extended its Granite City cokemaking contract with U.S. Steel through September 30, 2025, which impacts contract economics and spot coke sales volumes.
Guidance reaffirmation: Maintained full-year 2025 Consolidated Adjusted EBITDA guidance in the range of $210 million - $225 million.