Highlights

  • Third quarter revenue was $485.9 million, compared with $487.0 million, and net income was $23.8 million in both periods.
  • Adjusted EBITDA, a non-GAAP measure, was $76.9 million for the third quarter, compared with $59.1 million a year earlier.
  • Net cash provided by operating activities was $140.3 million for the nine months, compared with $52.5 million a year earlier.
  • In October 2026, the company reached a settlement agreement on its Algoma Steel claim and declared a $0.12 per share dividend.

SunCoke Energy, Inc. (NYSE: SXC) shares were trading at USD 10.60 on October 27, 2026, up 8.00%, with a relative volume at time of 2.29. The cokemaker completed the shutdown of its Haverhill I facility in the first quarter of 2026, reached a settlement agreement with Algoma Steel in October 2026, and filed its quarterly report for the period ended September 30, 2026 on October 27, 2026.

SunCoke Energy is incorporated in Delaware, and its principal executive offices are in Lisle, Illinois. It reports two segments. Domestic Coke includes the Jewell facility in Virginia, the Indiana Harbor facility in Indiana, the Granite City facility in Illinois, and the Middletown and Haverhill II facilities in Ohio. Industrial Services includes logistics terminals in Louisiana, West Virginia and Indiana and fifteen molten slag removal, handling and processing sites in the United States, Brazil, Slovakia and Spain. Its fiscal year ends December 31.

Third Quarter and Nine-Month Results

Sales and other operating revenue were $485.9 million for the three months ended September 30, 2026, compared with $487.0 million. The company said the decrease reflected lower volumes from the Haverhill I shutdown and the pass-through of lower coal prices on its long-term, take-or-pay agreements, mostly offset by one additional month of Phoenix Global results and higher terminals handling volumes.

Other income, net was $6.9 million, reflecting property insurance recoveries related to a 2023 flood event at the Jewell facility. Depreciation and amortization expense was $42.2 million, compared with $37.4 million. Operating income was $40.6 million, compared with $13.4 million.

Income tax expense was $8.3 million, compared with an income tax benefit of $18.8 million a year earlier, which the company linked to the absence of a prior-year benefit related to capital investment tax credits. Net income was $23.8 million in both periods. Net income attributable to SunCoke Energy was $21.8 million, or $0.25 per diluted share, compared with $22.2 million, or $0.26.

Adjusted EBITDA, a non-GAAP measure, was $76.9 million, compared with $59.1 million. Corporate and Other Adjusted EBITDA was a loss of $6.3 million, compared with a loss of $3.1 million.

For the nine months, sales and other operating revenue were $1,416.3 million, compared with $1,357.1 million. Net income was $36.0 million, compared with $46.7 million, and net income attributable to SunCoke Energy was $30.5 million, or $0.36 per diluted share, compared with $41.4 million, or $0.48. The company attributed the decrease in net income to the absence of the prior-year tax benefit, higher interest expense and higher depreciation and amortization, partly offset by operating results and the insurance recovery. Adjusted EBITDA was $203.0 million, compared with $162.5 million.

Cash Flow, Debt and Capital

Net cash provided by operating activities was $140.3 million for the nine months. Net cash used in financing activities was $127.8 million, including net repayments of $86.0 million on the Revolving Facility. Capital expenditures were $53.8 million, compared with $43.0 million.

At September 30, 2026, cash and cash equivalents were $57.6 million and the company had $218.0 million of borrowing availability under its Revolving Facility. Total borrowings were $607.0 million, consisting of $500.0 million of 4.875 percent senior notes due 2029 and $107.0 million under the Revolving Facility, compared with $693.0 million at December 31, 2025. The company said it was in compliance with all applicable debt covenants.

Dividends and Other Developments

SunCoke's Board declared a cash dividend of $0.12 per share on July 30, 2026, paid on September 2, 2026, and another of $0.12 per share on October 27, 2026, payable on December 1, 2026. The Algoma Steel settlement agreement was reached in October 2026, and the filing does not state its terms. The company completed the Phoenix Global acquisition on August 1, 2025 for purchase consideration of $294.0 million. The quarterly report does not include numerical financial guidance.