SXC
SunCoke Energy, Inc.6.97
-0.04-0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Algoma suit, Q1 headwinds clarified
Q&A shed light on Algoma's ongoing contract breach litigation, with management firmly expecting to prevail and recover losses similar in scale to 2025's $30M hit. They pegged Q1 headwinds at $10M from brutal weather—hitting Indiana Harbor hardest—and Middletown's insured turbine outage, delaying power earnings until mid-year. Haverhill One closure saves on workforce but restart demands big capex with no near-term appeal. Phoenix confirms $60M EBITDA run-rate plus synergies; terminals lift from full-year KRT deal and modest recovery. Guidance holds firm. Litigation resolution matters most.
Key Stats
Market Cap
590.12MP/E (TTM)
9.29Basic EPS (TTM)
0.75Dividend Yield
0.07%Recent Filings
8-K
Director retires; accounting shift
SunCoke Energy announced director Michael W. Lewis, 76, will retire from the Board effective at the May 2026 annual meeting to focus on personal commitments, with no disagreements noted. Lewis served on Audit and Governance Committees since 2020. Meanwhile, Karl A. Zabiello steps up as principal accounting officer on March 13, 2026, following Shantanu Agrawal's CFO appointment. Smooth transition underway.
10-K
FY2025 results
SunCoke Energy posted a FY2025 net loss of $38.8M, driven by a $90.1M Q4 impairment on Haverhill I after Algoma Steel's contract breach, while Domestic Coke sales fell 11% y/y to 3.668M tons amid lower yields and volumes. Q4 momentum faltered with capacity utilization dropping to 93% from 100%, coke revenues down sharply on pricing mix and Granite City extension terms, yet Industrial Services surged via Phoenix Global acquisition, adding 9.2M tons steel volumes. Operating cash flow held at $109.1M despite $271.5M buyout spend; $193M revolver draw funded it, maintaining $132M availability. Steady $0.12/share dividends paid. Volatility in steel demand threatens quarterly flows.
8-K
2025 loss, 2026 EBITDA up
SunCoke reported 2025 net loss of $44.2M driven by $90.3M Haverhill I impairment from Algoma's contract breach, yet delivered $219.2M Adjusted EBITDA. Phoenix Global acquisition boosted Industrial Services. Contracts extended at Granite City through 2026, Haverhill II through 2028. 2026 Adjusted EBITDA guidance: $230M-$250M. Volumes drop, margins rise.
8-K
Coke deal extended one year
SunCoke Energy extended its metallurgical coke supply agreement with U.S. Steel by one year through December 31, 2026, committing to deliver approximately 590,000 tons from its Granite City facility while maintaining the current minimum steam supply obligation. Terms mirror the prior extension. Secures steady volume.
8-K
CFO succession planned
SunCoke Energy announced CFO Mark Marinko's retirement effective March 13, 2026, with VP Finance Shantanu Agrawal succeeding him in a planned transition. Agrawal, 39, brings a decade of internal experience overseeing finance, treasury, and IR; he'll earn $450,000 base and 75% target incentive. Seamless handover ahead. Forward-looking statements note execution risks.
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