SunCoke Energy Q2 Earnings Call Highlights

SunCoke Energy’s second-quarter adjusted EBITDA rose to $69.6 million from $43.6 million a year earlier, driven by Phoenix, higher terminal volumes and favorable coal-to-coke yields. Net income increased to $0.15 per share.

The company raised full-year consolidated adjusted EBITDA guidance to $250 million–$265 million , with domestic coke guidance at $172 million–$178 million and industrial services guidance at $110 million–$115 million.

Industrial services delivered record EBITDA since the Phoenix acquisition, while SunCoke maintained $207 million in liquidity and plans to use free cash flow for debt reduction and shareholder returns, including its 28th consecutive quarterly dividend.

SunCoke Energy NYSE: SXC reported second-quarter 2026 consolidated adjusted EBITDA of $69.6 million, up from $43.6 million a year earlier, as the company benefited from the addition of Phoenix, higher terminal handling volumes and favorable coal-to-coke yields. Net income attributable to SunCoke was $0.15 per share, an increase of $0.13 per share from the prior-year period.

The company raised its full-year consolidated adjusted EBITDA guidance to a range of $250 million to $265 million, citing expectations for continued operating strength in its domestic coke and industrial services businesses.

SunCoke also declared a quarterly dividend of $0.12 per share, payable Sept. 2, 2026, marking its 28th consecutive quarterly dividend.

SunCoke’s domestic coke segment generated adjusted EBITDA of $42.5 million during the second quarter, compared with $40.5 million in the same period last year. Coke sales volumes totaled 878,000 tons, down from 943,000 tons a year earlier, reflecting the Haverhill One shutdown.

Improved operating conditions supported favorable coal-to-coke yields, more than offsetting the impact of lower sales volumes. The company also resumed power production from the Middletown turbine in May, earlier than anticipated.

SunCoke increased its full-year domestic coke adjusted EBITDA guidance to $172 million to $178 million.

SunCoke is operating at full capacity and is sold out for the full year. The company has contracts in place for Haverhill Two and Granite City coke-making operations, while all spot blast and foundry coke sales have been finalized.

Industrial services adjusted EBITDA rose to $34.4 million in the second quarter from $7.7 million a year earlier, representing the segment’s highest adjusted EBITDA since SunCoke acquired Phoenix. Total terminal handling volumes reached 6.7 million tons, including 5.8 million tons of steel customer volumes serviced.

The company raised full-year industrial services adjusted EBITDA guidance to $110 million to $115 million.

The second quarter was “extraordinary” for terminal activity, with several factors contributing to higher volumes across its terminals. A shift in domestic and international coal pricing, along with supply-chain and energy concerns related to...