SunCoke Q3 net income beats estimates

SunCoke Energy

04/11/2025 12:21

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/Miss
Actual
Consensus Estimate
Q3 Net Income
Beat
$22.20 mln
$13.80 mln (2 Analysts)
Q3 Adjusted EBITDA
Beat
$59.10 mln
$54 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 $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: ID:nBw8fzKfqa

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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.)