Overview

* SunCoke Q3 net income and adjusted EBITDA beat analyst expectations despite yr/yr decline

* Company completed acquisition of Phoenix Global, contributing positively to Q3 results

* Updated 2025 guidance reflects Phoenix Global integration and coke sales deferral due to breach

Outlook

* SunCoke updates full-year 2025 Consolidated Adjusted EBITDA to $220 mln - $225 mln

* Company expects 2025 Domestic Coke production of approximately 3.9 mln tons

* SunCoke projects 2025 capital expenditures of approximately $70 mln

Result Drivers

* PHOENIX GLOBAL ACQUISITION - Acquisition of Phoenix Global contributed positively to Industrial Services segment results

* DOMESTIC COKE CHALLENGES - Unfavorable mix of contract and spot coke sales impacted Domestic Coke segment

* LOGISTICS VOLUME WEAKNESS - Logistics terminal volumes did not recover as expected due to weak market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Beat $22.20 $13.80

Income mln mln (2

Analysts

)

Q3 Beat $59.10 $54 mln

Adjusted mln (2

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the iron & steel peer group is "buy"

* Wall Street's median 12-month price target for SunCoke Energy Inc ( SXC ) is $12.00, about 31.3% above its November 3 closing price of $8.24

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)