third quarter 2026
Filed Oct 27, 2026SunCoke Energy, Inc. reports third quarter 2026 results, with Consolidated Adjusted EBITDA of $76.9 million and expects to modestly exceed the high end of its $250 million to $265 million full-year guidance range.
Third-quarter Consolidated Adjusted EBITDA increased to $76.9 million from $59.1 million, supported by Industrial Services growth and higher Domestic Coke EBITDA per ton, while revenue declined slightly and net income attributable to SXC declined to $21.8 million.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Revenue, three months ended September 30, 2026GAAP | $485.9M | – | $(1.1) million |
| Cost of products sold and operating expenses, three months ended September 30, 2026GAAP | $382.3M | – | – |
| Selling, general and administrative expenses, three months ended September 30, 2026GAAP | $27.7M | – | – |
| Other income, net, three months ended September 30, 2026GAAP | −$6.9M | – | – |
| Depreciation and amortization expense, three months ended September 30, 2026GAAP | $42.2M | – | – |
| Total costs and operating expenses, three months ended September 30, 2026GAAP | $445.3M | – | – |
| Operating income, three months ended September 30, 2026GAAP | $40.6M | – | – |
| Interest expense, net, three months ended September 30, 2026GAAP | $8.5M | – | – |
| Income before income tax expense (benefit), three months ended September 30, 2026GAAP | $32.1M | – | – |
| Income tax expense (benefit), three months ended September 30, 2026GAAP | $8.3M | – | – |
| Net income, three months ended September 30, 2026GAAP | $23.8M | – | – |
| Net income attributable to SunCoke Energy, Inc., three months ended September 30, 2026GAAP | $21.8M | – | $(0.4) million |
| Basic earnings attributable to SunCoke Energy, Inc. per common share, three months ended September 30, 2026GAAP | $0.25 | – | – |
| Diluted earnings attributable to SunCoke Energy, Inc. per common share, three months ended September 30, 2026GAAP | $0.25 | – | – |
| Consolidated Adjusted EBITDA, three months ended September 30, 2026non-GAAP | $76.9M | – | $17.8 million |
| Revenue, nine months ended September 30, 2026GAAP | $1.42B | – | – |
| Operating income, nine months ended September 30, 2026GAAP | $74M | – | – |
| Net income, nine months ended September 30, 2026GAAP | $36M | – | – |
| Net income attributable to SunCoke Energy, Inc., nine months ended September 30, 2026GAAP | $30.5M | – | – |
| Diluted earnings attributable to SunCoke Energy, Inc. per common share, nine months ended September 30, 2026GAAP | $0.36 | – | – |
| Consolidated Adjusted EBITDA, nine months ended September 30, 2026non-GAAP | $203M | – | – |
| Domestic Coke capacity utilization, three months ended September 30, 2026other | 99% | – | – |
| Domestic Coke production volumes, three months ended September 30, 2026other | 879 thousand tons | – | – |
| Domestic Coke sales volumes, three months ended September 30, 2026other | 875 thousand tons | – | (76) thousand tons |
| Domestic Coke Adjusted EBITDA per ton, three months ended September 30, 2026non-GAAP | $58.40 | – | $12.13 |
| Terminals handling volumes, three months ended September 30, 2026other | 6,424 thousand tons | – | 1,189 thousand tons |
| Steel customer volumes serviced, three months ended September 30, 2026other | 5,864 thousand tons | – | 2,039 thousand tons |
| Net cash provided by operating activities, nine months ended September 30, 2026GAAP | $140.3M | – | – |
| Capital expenditures, nine months ended September 30, 2026GAAP | −$53.8M | – | – |
| Net cash used in investing activities, nine months ended September 30, 2026GAAP | −$43.6M | – | – |
| Net cash used in financing activities, nine months ended September 30, 2026GAAP | −$127.8M | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Domestic CokeLower blast coke sales volumes due to the shutdown of the Haverhill I cokemaking facility and the pass-through of lower coal prices on long-term, take-or-pay agreements. | $379.4M | – | $(34.4) million |
| Industrial ServicesOne additional month of Phoenix results and higher terminals handling volumes. | $96.8M | – | $32.7 million |
2026 revised outlook outlook
- NoteDomestic coke total sales are expected to be approximately 3.4 million tons
- NoteConsolidated Net Income is expected to be between $22 million and $42 million
- NoteConsolidated Adjusted EBITDA is expected to modestly exceed the high end of the $250 million to $265 million guidance range
- NoteCapital expenditures are projected to be between $90 million and $100 million
- NoteOperating cash flow is estimated to be between $270 million and $285 million
- NoteNet cash tax receipts are projected to be between $8 million and $12 million
Capital returns
- Declared a cash dividend of $0.12 per share, payable on December 1, 2026.
- The declared dividend represents the Company’s 29th consecutive quarterly dividend.
- Dividends paid were $(31.0) million for the nine months ended September 30, 2026, compared to $(31.2) million in the prior-year period.
What drove it
- Consolidated Adjusted EBITDA benefited from one additional month of Phoenix results, a change in mix of contract and spot coke sales, favorable coal-to-coke yields, and higher terminals handling volumes.
- Industrial Services Adjusted EBITDA was $32.1 million, compared to $18.2 million in the prior-year period, driven by Phoenix and higher terminals handling volumes.
- Domestic Coke Adjusted EBITDA was $51.1 million, compared to $44.0 million in the prior-year period, driven by contract and spot sales mix and favorable coal-to-coke yields.
- Property insurance recoveries related to a 2023 flood event at the Jewell cokemaking facility were $(6.9) million in the third quarter.
Concerns
- Consolidated revenue declined $(1.1) million, primarily due to lower blast coke sales volumes following the Haverhill I cokemaking facility shutdown and pass-through of lower coal prices.
- Domestic Coke revenue declined $(34.4) million and sales volumes declined (76) thousand tons.
- Net income attributable to SXC declined $(0.4) million, primarily due to the absence of capital investment tax credits recorded in the third quarter of 2025.
- Corporate and Other Adjusted EBITDA was an expense of $(6.3) million, compared to an expense of $(3.1) million, primarily driven by higher employee related costs.
What to watch
- Whether full-year Consolidated Adjusted EBITDA modestly exceeds the high end of the $250 million to $265 million guidance range.
- Domestic coke total sales relative to expected approximately 3.4 million tons.
- The effect of the Haverhill I shutdown on blast coke volumes.
- The contribution from Phoenix results and terminals handling volumes.
- Capital expenditures projected to be between $90 million and $100 million and operating cash flow estimated to be between $270 million and $285 million.
Balance sheet and cash flow
- Cash and cash equivalents were $57.6 million at September 30, 2026, compared to $88.7 million at December 31, 2025.
- Long-term debt was $600.8 million at September 30, 2026, compared to $685.5 million at December 31, 2025.
- Net cash provided by operating activities was $140.3 million for the nine months ended September 30, 2026, compared to $52.5 million in the prior-year period.
- Capital expenditures were $(53.8) million for the nine months ended September 30, 2026, compared to $(43.0) million in the prior-year period.
- Net decrease in cash and cash equivalents was $(31.1) million for the nine months ended September 30, 2026.
Analysis
SunCoke reported third-quarter revenue of $485.9 million, compared with $487.0 million in the prior-year period, while Consolidated Adjusted EBITDA increased to $76.9 million from $59.1 million. The EBITDA improvement came despite the revenue decline, led by one additional month of Phoenix results, a change in the mix of contract and spot coke sales, favorable coal-to-coke yields, and higher terminals handling volumes. Net income attributable to SXC declined to $21.8 million from $22.2 million, with the release citing the absence of capital investment tax credits recorded in the third quarter of 2025.
Domestic Coke revenue declined to $379.4 million from $413.8 million as sales volumes fell to 875 thousand tons from 951 thousand tons. The company attributed the decline to the Haverhill I shutdown and the pass-through of lower coal prices on long-term, take-or-pay agreements. However, Domestic Coke Adjusted EBITDA increased to $51.1 million from $44.0 million, and Adjusted EBITDA per ton increased to $58.40 from $46.27. Capacity utilization was 99%, compared with 97% in the prior-year period.
Industrial Services was the principal revenue and EBITDA growth contributor. Revenue rose to $96.8 million from $64.1 million and Adjusted EBITDA rose to $32.1 million from $18.2 million. Terminals handling volumes increased to 6,424 thousand tons from 5,235 thousand tons, while steel customer volumes serviced increased to 5,864 thousand tons from 3,825 thousand tons. Corporate and Other Adjusted EBITDA was an expense of $6.3 million, compared with an expense of $3.1 million, primarily reflecting higher employee related costs.
For the nine months ended September 30, 2026, operating cash flow was $140.3 million compared with $52.5 million in the prior-year period, and capital expenditures were $(53.8) million compared with $(43.0) million. Cash and cash equivalents were $57.6 million at September 30, 2026, while long-term debt was $600.8 million. The company declared a $0.12 per share cash dividend payable December 1, 2026.
Management revised its outlook to expect Consolidated Adjusted EBITDA to modestly exceed the high end of the $250 million to $265 million range. It also guided to approximately 3.4 million tons of domestic coke total sales, 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. The remaining execution focus is sustaining Industrial Services volume growth and Domestic Coke profitability while managing lower blast coke volumes associated with Haverhill I.
Management, verbatim
We are extremely pleased with the strong performance from our Industrial Services and Domestic Coke businesses in the third quarter.
Katherine Gates, President and Chief Executive Officer of SunCoke Energy, Inc.
Looking ahead, both segments continue to deliver strong and consistent operating performance, and we are well positioned to modestly exceed the high end of our full-year 2026 Consolidated Adjusted EBITDA guidance range of $250 million to $265 million.
Katherine Gates, President and Chief Executive Officer of SunCoke Energy, Inc.
Not in the filing
stated, not guessed- Previous outlook was not provided, so comparison of actual results with prior guidance is unavailable.
- Gross margin was not reported.
- Free cash flow was not reported.
- Third-quarter operating cash flow was not reported.
- Share repurchases were not reported.
- Revenue guidance was not reported.
- Gross margin guidance was not reported.
- Operating expense guidance was not reported.
- Tax rate guidance was not reported.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.