SunCoke Energy (NYSE:SXC) reported a full-year 2025 net loss attributable to SXC of $44.2 million, or $0.52 per diluted share, compared with prior-year performance, primarily due to unfavorable one-time items totaling $109.3 million pre-tax ($83.1 million net of tax).
These included a non-cash asset impairment charge related to the closure of the Haverhill I cokemaking facility, transaction and restructuring costs from the Phoenix Global acquisition, and site closure expenses tied to Phoenix Global operations.
Additional factors were a shift in contract versus spot coke sales mix, lower economics on the Granite City contract extension, and the absence of a prior-year one-time gain on legacy black lung liability elimination, partially offset by an income tax benefit from capital investment credits.
In the fourth quarter, the net loss widened to $85.6 million, or $1 per diluted share, impacted by one-time items of $95.7 million pre-tax ($72.7 million net of tax), including the Haverhill I impairment, Phoenix-related costs, and lower coke sales volumes in the Domestic Coke segment due to a contract breach by Algoma.
Consolidated adjusted EBITDA for full-year 2025 stood at $219.2 million, with fourth-quarter adjusted EBITDA at $56.7 million, reflecting resilient underlying operations in cokemaking and the contribution from the Industrial Services segment post-Phoenix integration.