SunCoke Energy reports Q3 EPS 26c vs.36c last year

Reports Q3 revenue $487M vs. $490.1M last year. “Our third quarter Consolidated Adjusted EBITDA of $59.1 million included two months of results from the addition of Phoenix Global. While the Domestic Coke segment continued to be impacted by the unfavorable mix of contract and spot coke sales, our new Industrial Services segment, which includes Phoenix Global and our logistics business, operated well during the quarter. Phoenix performed in line with our expectations, but volumes at our logistics terminals did not recover to the degree we previously expected due to persistent weak market conditions. Additionally, we have extended our cokemaking contract with U.S. Steel at Granite City through the end of 2025,” said Katherine Gates, President and CEO of SunCoke Energy (SXC), Inc. “Our updated full-year Consolidated Adjusted EBITDA range of $220 million to $225 million reflects 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 breach of contract by one of our coke customers. We are actively pursuing all avenues to enforce the contract.” Gates continued, “As SunCoke has proven in the past, we are well-equipped to navigate challenging market conditions. We are excited to have Phoenix Global as part of SunCoke, and for the new opportunities that the business brings. The integration is progressing well, and we expect to begin realizing synergies from the acquisition in 2026.”