SunCoke Sees Full-Year EBITDA Above Raised Range

The Tip Desk · November 10, 2026 · 3 min read

Third-quarter Adjusted EBITDA reached $76.9 million as the cokemaker said it expects to modestly exceed the high end of a $250 million to $265 million range.

SunCoke Energy, Inc. (SXC) reported third-quarter 2026 Consolidated Adjusted EBITDA of $76.9 million, up from $59.1 million a year earlier, and said it expects to modestly exceed the high end of its full-year 2026 Adjusted EBITDA guidance range of $250 million to $265 million.

The cokemaker had raised that range in July from $230 million to $250 million. Net income attributable to SXC was $21.8 million, or $0.25 a share, compared with $22.2 million, or $0.26 a share, in the year-ago quarter. Revenues were $485.9 million.

President and Chief Executive Officer Katherine Gates said Industrial Services benefited from higher terminals handling volumes and a full quarter of contribution from Phoenix, versus a partial quarter a year earlier. Domestic Coke, she said, benefited from a change in mix of contract and spot coke sales and favorable coal-to-coke yields.

The company said revenues declined $1.1 million from the year-ago period, primarily from lower blast coke sales volumes after the shutdown of the Haverhill I cokemaking facility and the pass-through of lower coal prices on long-term, take-or-pay agreements, mostly offset by one additional month of Phoenix results and higher terminals handling volumes. It attributed the $17.8 million increase in Adjusted EBITDA to the extra month of Phoenix, the coke mix shift, favorable yields and higher terminals volumes, partially offset by the Haverhill I shutdown.

Domestic Coke revenue was $379.4 million, down from $413.8 million a year earlier. Sales volumes were 875 thousand tons. Adjusted EBITDA in the segment was $51.1 million, and Adjusted EBITDA per ton was $58.40. The company said the segment’s Adjusted EBITDA increase of $7.1 million versus the year-ago quarter was driven by the contract-versus-spot mix and favorable coal-to-coke yields, partially offset by lower blast coke volumes from the Haverhill I shutdown.

Industrial Services revenue was $96.8 million, and Adjusted EBITDA was $32.1 million. Terminals handling volumes were 6,424 thousand tons and steel customer volumes serviced were 5,864 thousand tons. The company said those revenue and EBITDA increases versus the year-ago period were driven by one additional month of Phoenix results and higher terminals handling volumes.

Corporate and Other Adjusted EBITDA was an expense of $6.3 million, compared with an expense of $3.1 million a year earlier, primarily from higher employee-related costs.

In October 2026 the company reached a settlement agreement with Algoma Steel related to its 2025 claim. It declared a cash dividend of $0.12 a share, its 29th consecutive quarterly dividend, payable December 1, 2026.

Revised 2026 guidance includes Domestic Coke total sales of approximately 3.4 million tons, Consolidated Net Income of $22 million to $42 million, capital expenditures of $90 million to $100 million, operating cash flow of $270 million to $285 million, and net cash tax receipts of $8 million to $12 million. Gates said both segments continue to deliver strong and consistent operating performance and that the company is well positioned to modestly exceed the high end of the Adjusted EBITDA range.