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SunCoke Energy Q3 Adjusted EBITDA rises 30% on higher terminals volumes

By Reuters News


Overview

  • U.S. coke producer's Q3 revenue was flat yr/yr

  • Q3 net income attributable to SunCoke was stable yr/yr

  • Adjusted EBITDA rose yr/yr, driven by higher terminals volumes and Phoenix contribution


Outlook

  • Company expects to modestly exceed high end of $250 mln-$265 mln 2026 adj EBITDA guidance

  • Company sees 2026 net income between $22 mln and $42 mln

  • Company expects 2026 domestic coke sales of about 3.4 mln tons


Result Drivers

  • TERMINALS VOLUMES & PHOENIX - Co said higher terminals handling volumes and full quarter of Phoenix contribution boosted Industrial Services segment

  • SALES MIX & YIELDS - Co said Domestic Coke segment benefited from change in mix of contract and spot coke sales and favorable coal-to-coke yields

  • HAVERHILL SHUTDOWN - Co said lower blast coke sales volumes due to Haverhill I shutdown weighed on revenues


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

Beat

$21.80 mln

$9.90 mln (2 Analysts)

Q3 Adjusted EBITDA

Beat

$76.90 mln

$64.90 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 3.2% below its October 26 closing price of $9.81

  • The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 46 three months ago


Reuters Recommended Reads

  • Oct 26 - Nucor beats Q3 sales estimates on steel mills unit growth

  • Oct 26 - Steelmaker Gerdau's profit rises 40% in Q3 on strong North America operations


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.)

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