SunCoke Energy Inc. reported first‑quarter 2026 revenue of $455.1 million, up 4.2% from $436.0 million in Q1 2025. The company posted a net loss of $4.4 million, a loss per share of $0.05, and adjusted EBITDA of $56.5 million, down $3.3 million from the $59.8 million reported a year earlier. The loss reflects a combination of one‑time charges and operating disruptions that weighed on profitability.
The decline in earnings was driven by severe winter weather that reduced coke production, a failure of a turbine at the Middletown facility, and the permanent shutdown of the Haverhill I cokemaking plant after Algoma Steel declined to accept contracted coke tons. The Haverhill shutdown also triggered a non‑cash impairment charge in Q4 2025, further eroding profitability in the current quarter.
Segment performance highlights a sharp contraction in the Domestic Coke business, which generated adjusted EBITDA of $35.3 million versus $49.9 million in Q1 2025, while the Industrial Services segment more than doubled its adjusted EBITDA to $26.2 million from $13.7 million. The Industrial Services growth is largely attributed to the Phoenix Global acquisition, which has expanded the company’s service portfolio and revenue base.
SunCoke reaffirmed its 2026 consolidated adjusted EBITDA guidance of $230 million to $250 million and declared a quarterly cash dividend of $0.12 per share, payable on June 2 2026 to shareholders of record on May 15 2026. The dividend marks the company’s 27th consecutive quarterly payout, underscoring its commitment to shareholder returns.
"We are pleased with our performance in the first quarter, as we continued our seamless integration of Phoenix and executed on our operating plans. Our Industrial Services business continued to perform well and delivered solid quarterly results. As previously discussed, our Domestic Coke segment was impacted by severe winter weather and the Middletown turbine failure during the first quarter. We are currently operating well and expect to make up coke production tons during the balance of the year. Additionally, power production is expected to resume at our Middletown cokemaking facility late in the second quarter," said President and CEO Katherine Gates. "From a capital allocation perspective, we generated strong operating cash flow, reduced borrowings under our revolver, and paid our quarterly dividend. We are well‑positioned to deliver full-year 2026 Consolidated Adjusted EBITDA within our guidance range of $230 million – $250 million."
SunCoke’s operating cash flow of $72.7 million and liquidity of $262 million provide a solid buffer to weather the current operational disruptions. The company also aims to reduce gross leverage below 3× by the end of 2026, reflecting a disciplined approach to debt management amid ongoing capital expenditures and the need to support its expanding Industrial Services business.
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