Suncoke Energy Stock Earnings Reports

SunCoke reported Q3 2025 consolidated adjusted EBITDA of $59.1 million, a sequential improvement but below prior-year and below management's earlier expectations. The company completed the Phoenix Global acquisition (effective August 1) and combined Phoenix with its Logistics business into a new Industrial Services segment; Phoenix contribution is expected to be recognized as synergies begin in 2026. Management revised full-year consolidated adjusted EBITDA guidance to $220 million–$225 million (Domestic Coke $172M–$176M; Industrial Services $63M–$67M) to reflect five months of Phoenix results and the deferral of roughly 200,000 tons of coke sales due to a customer breach (Algoma). The deferral will result in production and storage of those tons in inventory and could materially affect free cash flow; SunCoke now expects full-year free cash flow of negative $10 million to $0 and operating cash flow of $62M–$72M. Q3 results were negatively impacted by a mix shift toward lower-priced spot sales, unfavorable Granite City contract economics, lower yields/production at some plants, and weaker logistics volumes. Liquidity at quarter end included $80.4M cash and $126M revolver availability (total headroom ~$206M). Management intends to continue a quarterly dividend ($0.12 per share declared; 25th consecutive quarter) and pursue legal remedies to enforce the breached contract; they remain optimistic about 2026 driven by a full year of Phoenix and expected modest recovery in logistics.