What were the key takeaways from SunCoke Energy’s earnings call?

What is SunCoke Energy's latest dividend and current dividend yield?

What is the market's earnings forecast for SunCoke Energy next quarter?

What is the revenue and EPS growth rate for SunCoke Energy year over year?

What does SunCoke Energy do and what are its main business segments?

What were the key takeaways from SunCoke Energy's earnings call?

Did SunCoke Energy beat or miss consensus estimates last quarter?

What is SunCoke Energy's gross profit margin?

- **2026 EBITDA Guidance**: $230M-$250M, driven by Phoenix Global ($60M) and improved terminals.
- **Algoma Litigation Risk**: 2025 loss of $30M, 2026 loss similar; legal recovery uncertain.
- **Operational Challenges**: Middletown turbine failure (Q1 2026 impact of $10M), Arctic weather disrupting Q1 production.
- **Debt Reduction Focus**: Target 2.45x leverage by year-end, with $140M-$150M free cash flow.
- **Dividend Continuity**: Plans to maintain quarterly dividend despite 2025 net loss.

**【Management Opening Remarks】**
- CEO Katherine Gates congratulated CFO Mark Marinko on his retirement and Shantanu Agrawal on his promotion to CFO. She highlighted 2025 safety performance (TRIR 0.55) and $219.2M adjusted EBITDA, driven by Phoenix acquisition and contract extensions.
- CFO Mark Marinko outlined 2025 financials: net loss of $0.52 per share, impacted by one-time items ($0.97 per share) and market conditions. 2026 guidance includes EBITDA of $230M-$250M, with focus on Phoenix Global and improved terminals.

**【CEO Commentary】**
- **Safety & Operations**: 2025 TRIR of 0.55, closure of Haverhill I due to Algoma breach, and 2026 coke fleet utilization at 3.4M tons.
- **Contracts**: Extended Granite City (2026) and Haverhill II (2028) contracts, with 3M tons under take-or-pay agreements.
- **Acquisition Integration**: Phoenix Global to contribute $60M EBITDA in 2026, with partial synergies ($5M-$10M).
- **Dividend Policy**: $0.48 annual dividend in 2025, plans to continue quarterly dividend in 2026.

**【CFO Financial Commentary】**
- **2025 Results**: Adjusted EBITDA of $219.2M (-$53.6M YoY), driven by lower coke sales, Phoenix addition, and market conditions.
- **2026 Guidance**: 
  - **Domestic Coke**: $162M-$168M EBITDA, 220K fewer contract tons due to Haverhill I closure.
  - **Industrial Services**: $90M-$100M EBITDA, 24M tons terminals handling (up from 2025).
  - **Free Cash Flow**: $140M-$150M, with $88.7M cash and $221M liquidity at year-end.
  - **Capital Allocation**: Debt reduction (target 2.45x leverage) and dividend continuation.

**【Q&A Highlights】**
- **Algoma Litigation**: Ongoing arbitration; 2025 loss of $30M (deferred cash), 2026 loss similar to 2025. Expect recovery through legal action.
- **Phoenix Integration**: 2025 one-time costs ($3.9M site closures, $0.6M transaction fees). 2026 Phoenix CapEx of $90M-$100M.
- **Operational Risks**: Middletown turbine failure (mid-2026 recovery), Arctic weather impacting Q1 2026 production. Q1 EBITDA impact of ~$10M.
- **Terminal Recovery**: KRT contract benefits, modest market recovery in Industrial Services.


SunCoke Energy, Inc. (SXC) Q4 2025 Earnings Call Transcript

- **2025 EBITDA Guidance Update**: $220-225 million due to 200,000 coke tons deferral, stored inventory, and legal recovery efforts.
- **Phoenix Acquisition Impact**: 2026 expected to benefit from full year contribution ($60M+ EBITDA) and logistics recovery.
- **Dividend Continuity**: $0.12 quarterly dividend declared, with Board review for 2026 sustainability.
- **Operational Challenges**: Lower contract volumes, production inefficiencies, and weak logistics volumes拖累 Domestic Coke segment performance.

**【Management Opening Remarks】**
- Shantanu Agrawal introduced the call, noting the completion of the Phoenix Global acquisition and the integration progress. He emphasized the revised 2025 EBITDA guidance of $220-225 million, reflecting the deferral of 200,000 coke tons due to a customer breach.

**【CEO Summary Section】**
- Q3 2025 adjusted EBITDA was $59.1 million, with sequential improvement but below expectations. The Phoenix acquisition added 2 months of results, offset by weak logistics volumes. The company expects 2026 synergies from Phoenix. 
- The breach of contract with Algoma resulted in $200,000 deferred coke sales, stored inventory, and revised guidance. The company is pursuing legal remedies to recover losses.
- A quarterly dividend of $0.12 per share was declared, with plans to continue the dividend based on Board approval.

**【CFO Financial Commentary】**
- Net income was $0.26 per share, down $0.10 YoY due to contract mix and operational issues. Adjusted EBITDA decreased 21% YoY to $59.1 million, driven by lower contract volumes and production inefficiencies.
- Free cash flow guidance was revised to negative $10-0 million for 2025, reflecting the $70 million unfavorable impact from deferred coke sales and transaction costs.
- Liquidity remained strong with $206 million post-acquisition, including $80.4 million cash and $126 million revolver availability.

**【Q&A Key Highlights】**
- **Customer Breach Confidence**: Management expressed confidence in enforcing the contract, with legal actions ongoing. The 200,000 tons deferral is a one-time event, not an annualized impact.
- **2026 Strategy**: Optimistic about full Phoenix contribution ($60M+ EBITDA) and modest logistics recovery. Coke plants (Middletown, Indiana Harbor, Jewell) provide long-term stability, while Haverhill and Granite City contracts are under negotiation.
- **Dividend Sustainability**: Despite near-term free cash flow breakeven, the Board will evaluate dividend continuation based on 2026 cash flow visibility.


SunCoke Energy, Inc. (SXC) Q3 2025 Earnings Call Transcript

- **Q2 EBITDA**: $43.6 million, with Phoenix acquisition driving strategic growth.
- **Acquisition Impact**: $325 million Phoenix deal to close August 1, with $5-10 million annual synergies.
- **Financial Strength**: $0.12 dividend, $536 million liquidity, reaffirmed $210-225 million EBITDA guidance.
- **Segment Shift**: Logistics + Phoenix form Industrial Services, targeting new steel markets.
- **Coke Recovery**: Q2 as trough, H2 improvement expected with normalized contract mix.

**【CEO Summary Section】**
- Q2 2025 adjusted EBITDA: $43.6 million, driven by contract/spot mix and lower CMT volumes.
- Acquired Phoenix Global for $325 million (5.4x LTM EBITDA), closing on August 1, with $5-10 million annual synergies.
- Paid $0.12/share dividend, ending Q2 with $536.2 million liquidity.
- Reaffirmed full year EBITDA guidance of $210-225 million, combining Logistics and Phoenix into Industrial Services segment.

**【CFO Financial Commentary】**
- Net income: $0.02/share (down $0.23 YoY) due to contract mix, Granite City extension, and $5.2 million transaction costs.
- Domestic Coke EBITDA: $40.5 million (down 36% YoY) due to spot coke margins; Q2 as trough, H2 improvement expected.
- Logistics EBITDA: $7.7 million (down 43% YoY) due to CMT volumes; July volumes improving, reaffirming $45-50 million annual guidance.
- Updated free cash flow: $103-118 million (down from prior range due to transaction costs and tax changes).

**【Q&A Key Highlights】**
- **EBITDA Drivers**: Coke segment to normalize contract/spot mix in H2, Logistics volumes recovering in July.
- **Phoenix Strategy**: EAF exposure, organic growth via technical expertise, and $61 million LTM EBITDA stability.
- **Cliffs Contract**: Active renewal discussions; exploring alternative customers for blast coke.
- **GPI Project**: No updates; focusing on Phoenix integration and balance sheet strength.
- **Market Dynamics**: Higher domestic coal demand impacting exports, no price adjustments in new Logistics contract.

SunCoke Energy (SXC)-30 Jul 25-2025 Q2 Earnings call transcript

- **Q1 EBITDA Performance**: $59.8 million adjusted EBITDA, with Logistics growth offsetting Domestic Coke challenges.
- **Dividend & Liquidity**: $0.12/quarter dividend maintained; strong liquidity ($543.7M) supports operations.
- **EBITDA Guidance**: Full year $210–$225M unchanged, with Q2+ Domestic Coke recovery expected.
- **Capital Discipline**: CapEx reduced to $50M+; prioritizing dividend and Granite City project.
- **Market Risks**: Spot coke market weakness persists, but 2025 sales fully contracted.


**【CEO Opening Remarks】**
- Q1 2025 adjusted EBITDA: $59.8 million, driven by strong Logistics business and challenges in Domestic Coke due to Granite City contract economics and weak spot coke market.
- Dividend of $0.12 per share announced, payable June 2, 2025.
- Full year consolidated adjusted EBITDA guidance reaffirmed at $210–$225 million.
- Liquidity remains strong at $543.7 million, with gross leverage of 1.89x.

**【CFO Financial Details】**
- Net income: $0.20 per share (down $0.03 YoY).
- Domestic Coke EBITDA: $49.9 million (down due to lower Granite City volumes and spot blast coke sales).
- Logistics EBITDA: $13.7 million (up 5% YoY, driven by higher transloading volumes at CMT).
- Cash balance: $193.7 million; operating cash flow: $25.8 million (impacted by coal inventory buildup).
- Full year operating cash flow guidance unchanged.

**【Q&A Key Highlights】**
- **EBITDA Cadence**: Q1 Domestic Coke EBITDA lower due to planned Haverhill production pause; Q2+ benefits from Cliffs contract shipments and higher-margin sales.
- **Capital Allocation**: Dividend ($0.12/quarter) prioritized alongside Granite City project; $65 million CapEx guidance reduced to $50 million+ due to deferrals.
- **Market Outlook**: Spot coke market remains challenging, but 2025 sales fully contracted; GPI project delays persist, but fundamentals remain strong.
- **Inventory Build**: Seasonal coal inventory buildup; expected to reverse in 2H2025.
- **EBITDA/Ton**: Q1 Domestic Coke EBITDA/Ton of $55 reflects absence of low-margin blast coke sales; full year guidance of $48–$50 reflects return of spot sales in 2H2025.


SunCoke Energy (SXC)-30 Apr 25-2025 Q1 Earnings call transcript

- **Record Safety & Strong Cash Flow**: 2024 TRIR of 0.5 and $96M free cash flow highlight operational excellence.
- **2025 EBITDA Warning**: Guidance of $210-225M reflects 17-20% drop in domestic coke margins due to contract renewals and spot market exposure.
- **Dividend Sustainability**: $0.12/share quarterly dividend maintained despite lower earnings.
- **GPI Project Hinge**: Granite City GPI development contingent on U.S. Steel/Nippon deal resolution.
- **Logistics Shift**: API2 price adjustment replaced with FOB New Orleans index, no near-term upside.

**【CEO Opening Remarks】**
- **Safety Milestone**: Achieved record-low Total Recordable Incident Rate (TRIR) of 0.5 in 2024, reflecting strong operational safety.
- **Financial Highlights**: 
  - Adjusted EBITDA: $272.8M (exceeded high-end guidance of $270M)
  - Free Cash Flow: $96M (vs. high-end guidance of $90M)
  - Dividend Growth: Increased quarterly dividend to $0.12/share, up 20% from prior year.
- **Operational Wins**: 
  - Extended Granite City cokemaking contract to June 2025 with 6-month option
  - Signed 3-year take-or-pay coal handling agreement at Kanawha River Terminal (KRT)
  - Sold all non-contracted coke tons into spot markets despite lower coal-to-coke yields

**【CFO Financial Review】**
- **2024 Results**: 
  - Net Income: $1.12/share (vs. $0.68/share in 2023)
  - Adjusted EBITDA: $272.8M (+$4M YoY)
  - Key Drivers: 
    - $36M gain from DOL agreement
    - Higher transloading volumes in Logistics
    - API2 price adjustment benefit in Coke segment
- **2025 Guidance**: 
  - Adjusted EBITDA: $210-225M (down 22-26% YoY)
  - Domestic Coke EBITDA: $185-192M (down 17-20% YoY)
  - Logistics EBITDA: $45-50M (flat to -10% YoY)
  - Free Cash Flow: $100-115M
  - CapEx: $65M (vs. $75-80M historical run rate)
- **Key Risks**: 
  - Haverhill contract expiration forcing spot market sales
  - Lower margins from Granite City contract extension
  - Absence of one-time DOL gain

**【Q&A Key Takeaways】**
1. **Haverhill Contract Risk**: 
   - 875K tons of coke to be sold at lower spot margins
   - 2025 coke EBITDA per ton drops from $58 to $47
   - No contract renewal with Cliffs as of now
2. **Capital Allocation**: 
   - Maintain quarterly dividend at $0.12/share
   - No debt buybacks planned
   - GPI project remains priority if U.S. Steel/Nippon deal resolves
3. **Logistics Adjustments**: 
   - API2 price adjustment replaced with FOB New Orleans index
   - No price adjustment benefit in 2025 guidance
   - KRT capital project to boost volumes starting Q3
4. **Coal Procurement**: 
   - Long-term take-or-pay contracts finalized in Q4
   - Foundry/spot coke sales tied to market pricing
   - 2025 coal buys fully aligned with coke sales


Actual											0.06	0.08	-0.03	-0.06	0.2	-0.11	0.27	0.15	0.35	0.21	0.49	0.14	0.19	0.24	0.08	0.16	0.23	0.25	0.36	0.28	0.2	0.02	0.26	-1
Forecast											0.08	-0.075	-0.04	-0.115	0.1	0.09	0.17	0.22	0.19	0.245	0.175	0.13	0.18	0.19	0.185	0.135	0.215	0.215	0.22	0.24	0.19	0.175	0.16	0.1
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-25.00%	+206.67%	+25.00%	+47.83%	+100.00%	-222.22%	+58.82%	-31.82%	+84.21%	-14.29%	+180.00%	+7.69%	+5.56%	+26.32%	-56.76%	+18.52%	+6.98%	+16.28%	+63.64%	+16.67%	+5.26%	-88.57%	+62.50%	-1100.00%

SXC

SXC fundamentals

SXC Q4 2025 Earnings

Earnings Call

You can ask Aime

SXC

SXC fundamentals

SXC Q4 2025 Earnings

Earnings Call

SXC Earnings Call Summary for Q4/202511:00 AM on Feb 17, 2026

SXC Earnings Call Summary for Q3/202511:00 AM on Nov 4, 2025

SXC Earnings Call Summary for Q2/202511:00 AM on Jul 30, 2025

SXC Earnings Call Summary for Q1/202511:00 AM on Apr 30, 2025

SXC Earnings Call Summary for Q4/202411:00 AM on Jan 30, 2025

You can ask Aime