SunCoke Energy Q1 swings to net loss on higher depreciation, weather, facility shutdowns

SunCoke Energy

30/04/2026 12:13

Overview

U.S. coke supplier's Q1 revenue rose yr/yr, driven by Phoenix Global addition

Q1 net income swung to a loss, impacted by higher depreciation, weather, and facility shutdowns

Company reaffirmed full-year 2026 Adjusted EBITDA guidance of $230 mln-$250 mln

Outlook

SunCoke reaffirms 2026 consolidated adjusted EBITDA guidance of $230 mln to $250 mln

Company expects 2026 net income between $18 mln and $36 mln

2026 domestic coke sales forecast at approximately 3.4 mln tons

Result Drivers

PHOENIX GLOBAL ADDITION - Revenue and Adjusted EBITDA benefited from the inclusion of Phoenix Global in the Industrial Services segment

DOMESTIC COKE DISRUPTIONS - Severe winter weather, the shutdown of Haverhill I cokemaking facility, and Middletown turbine failure reduced sales volumes and power sales

HIGHER DEPRECIATION & AMORTIZATION - Net income declined due to higher depreciation and amortization from Phoenix Global and Haverhill I shutdown

Company press release: ID:nBw4yj0Fta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
Miss
-$4.40 mln
$5.35 mln (2 Analysts)
Q1 Adjusted EBITDA
Beat
$56.50 mln
$55.50 mln (2 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 is $9.50, about 42% above its April 29 closing price of $6.69

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)