SunCoke Energy posts FY adjusted EBITDA of $219.2M amid one-time charges

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.

Operating cash flow for the year totaled $109.1 million.

Strategically, SunCoke extended its Granite City coke supply agreement with U.S. Steel through December 2026 and its Haverhill II coke supply agreement with Cleveland-Cliffs through December 2028, reinforcing long-term customer relationships and visibility in the metallurgical coke market.

For full-year 2026, SunCoke expects consolidated adjusted EBITDA in the range of $230 million to $250 million.