SXC

Image source: The Motley Fool. Thursday, July 30, 2026 at 7:00 a.m. ET Investor Relations Manager - Sharon Doyle President and Chief Executive Officer - Catherine Gates Senior Vice President and Chief Financial Officer - Shantanu Agrawal Operator: lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. I would like to ask a question during this time, so we press star or follow button number one on your telephone keypad. If you would like to withdraw your question, simply press star 1 again. We'll now turn the conference over to Sharon Doyle, Investor Relations Manager. Please go ahead. Sharon Doyle: Thank you. Good morning and thank you for joining us this morning to discuss Suncok Energy's second quarter 2026 results. With me today are Catherine Gates, President and Chief Executive Officer and Shantanu Agrawal, Senior Vice President and Chief Financial Officer. This conference call is being webcast live on the investor relations section of our website and a replay will be available later. Following management's prepared remarks, we will open the call for Q&A. If we do not get to your questions on the call today, please feel free to reach out to our investor relations team. Before I turn things over to Catherine, let me remind you that the various remarks we make on today's call regarding future expectations constitute... Forward-looking statements. The cautionary language regarding forward-looking statements in our SEC filings apply to the remarks we make today. These documents are available on our website as our reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll turn things over to Katherine. Thanks, Sharon. Good morning, and thank you for joining us on today's call. Unknown Speaker This morning, we announced Suncoke Energy's second quarter results. I want to share a few highlights before turning it over to Shantanu to discuss the results in detail. We're very pleased with our second quarter results with strong consolidated adjusted EBITDA of $69.6 million. Our industrial services segment delivered the highest adjusted EBITDA since the acquisition of Phoenix, substantially higher handling volumes at our terminals as compared to the prior year period. Our domestic coke segment benefited from favorable coal-to-coke yields, and the Middletown turbine was returned to service with power production resuming in May. Earlier today, we also announced a quarterly dividend of 12 cents per share, payable to shareholders on September 2, 2026. This is our 28th consecutive quarterly dividend. While the dividend is evaluated on a quarterly basis by our board, we expect the dividend to continue as part of our well-balanced capital allocation. As previously discussed in our first quarter earnings call, we are running at full capacity and sold out for the full year. We are also running at a full capacity We expect continued strong operating performance for both business segments, and with a solid outlook through the second half of the year, we are increasing our full year 2026 consolidated adjusted EBITDA guidance range to $250 to $265 million. With that, I'll turn it over to Shantanu to review our second quarter earnings. Shantanu Agrawal: earnings in detail. Shantanu. Thanks, Catherine. Turning to slide four. Net income attributable to Suncorp was 15 cents per share in the second quarter of 2026, up 13 cents versus the prior year period. The increase was primarily driven by the addition of Phoenix results and higher terminal handling volumes. Consolidated adjusted EBITDA for the second quarter of 2026 was $69.6 million compared to $43.6 million in the prior year period. The increase in adjusted EBITDA was primarily driven by the addition of Phoenix, higher terminal handling volumes, and favorable cold to coke yields, partially offset by lower Coke sales volumes due to the Haverhill One shutdown and higher employee expense accrual driven by the company's strong financial performance. Moving to slide five to discuss our domestic Coke business performance in detail. Second quarter domestic coke adjusted EBITDA was $42.5 million and coke sales volumes were 878,000 tons compared to $40.5 million and 943,000 tons in the prior year period. The increase in adjusted EBITDA was primarily driven by favorable coal to coke yields, to improved operating conditions, partially offset by lower Coke sales volumes due to the Haverhill One shutdown. We are pleased with the improvement in our Coke operations during the second quarter and with the return of power production at Middletown earlier than anticipated. We expect this strong operational performance to continue throughout the second quarter half of the year and are increasing our full-year domestic coke adjusted product guidance range to 172 to 178 million dollars now moving on to slide six to discuss our industrial services results Our industrial services segment generated $34.4 million of adjusted EBITDA in the second quarter of 2026, compared to $7.7 million in the prior year period. The increase in adjusted EBITDA was primarily driven by the addition of Phoenix results and higher terminal handling volumes. Second quarter total terminals handling volumes were 6.7 million tons and steel customer volumes serviced were 5.8 million tons. We are increasing our full year 2026 industrial services adjusted EBITDA guidance range to $110 million to $115 million, driven by continued solid IEPs. outlook for the second half of the year. Now, turning to slide 7 to discuss our liquidity position for Q2, Suncorp ended the second quarter with a cash balance of $42.7 million and revolver availability of $164.5 million, representing ample liquidity of $207 million. cash used in operating activities was $27.2 million and was negatively impacted by the timing of approximately $65 million of cash receipts at the quarter end, which were subsequently received in July. We expect operating cash flow to normalize over the remainder of the year and are increasing our full year operating cash flow guidance to $240 to $260 million. During the quarter, we used $6.5 million for debt pay down, spent $15.9 million on CapEx, and paid $10.2 million in dividends at the rate of $0.12 per share. Runco has a strong track record of generating steady free cash flow, and we expect the trend to continue throughout the year. As Catherine mentioned earlier, we intend to continue utilizing our free cash flow to pay down debt, as well as to reward our long-term shareholders via dividends, which is reviewed and approved on a quarterly basis by our board of directors. Unknown Speaker With that, I'll turn it back over to Catherine. Thanks, Shantanu. Wrapping up on slide eight. As always, safety is our first priority and our team remains committed to maintaining strong safety and environmental performance throughout the year. Robust safety and environmental standards set Suncoke apart and are central to our reliable delivery of high-quality coke and industrial services. We continue to be confident in our operations for 2026 with our profitable long-term Coke business underpinned by the three pillars of Indian Harbor, Middletown and Jewel Foundry, which have consistently delivered excellent performance and results. With our Haverhill 2 and Granite City Coke making contracts in place and all spot glass and foundry Coke sales finalized were sold out for the full year. We also maintain a positive outlook for our industrial services segment. 2026 will benefit from a full year of Phoenix adjusted EBITDA, as well as solid market conditions at our terminals. As always, we take a balanced yet opportunistic approach to capital allocation. Our focus will remain on utilizing our free cash flow to support our capital allocation priorities, including paying down our revolver balance. We also plan to continue returning capital via the quarterly dividend as approved by our board, which has always been well received by our long-term shareholders. We continuously evaluate the capital needs of the business, our capital structure, and the need to reward our shareholders, and will make capital allocation decisions accordingly. We're committed to maximizing value for all of our stakeholders, which means operating and investing in our assets in the best and most efficient way possible. We will continue to focus on maintaining the strength of our core businesses, as well as assessing new growth opportunities across all areas of our business. Overall, we see the strong fundamentals of our business and expect our 2026 results to be reflective of that. We are confident that we'll be able to deliver full-year consolidated adjusted EBITDA within our revised guidance range of $250 to $265 million. Operator: Let's go ahead and open up the call for Q&A. Thank you. If you have a question, please press star 1 in your telephone keypad to raise your hand and join the queue. If you wish to remove yourself from the queue, simply press star 1 again. Your first question comes from the line of Henry Hurl of B. Reilly Securities. Your line is open. Unknown Speaker Thank you, operator, and good morning, everyone. Just to start off, in the domestic code this year, for 10 was roughly 48.4, which is still slightly below your revised higher full year guidance of 51 to 52. Could you help us and walk the drivers to achieve this higher yield up for 10 in the second half of the year?. Shantanu Agrawal: Thanks, Henry. Yes, there are a couple of things in there. First, you know, the Middletown turbine came back online late part of May. So we still did not have the full benefit of the Middletown turbine power generation for the full quarter. So you're going to see that in the third and the fourth quarter. quarter, the full turbine power generation from Middletown. And the other piece, which is also included in the second half of the year, is the insurance recovery proceeds, which we lost, not having the turbine during the first half of the year. That is also built into our guidance for the second half. Unknown Speaker Got it. Thanks, Shantanu. And then I believe your terminal handling volumes increased almost 20% quarter over quarter. Unknown Speaker was kind of the main driver or drivers of that significant step up? So, you know, this was really an extraordinary quarter for the terminals, you know, as we've said. And, I mean, we see really a shift in the end of last year and even the beginning of this year. We saw that mismatch where you had higher domestic price. for coal versus internationally, that has certainly shifted. I think that there's supply chain concern and energy concern with respect to the war in Iran that's probably driving some of these prices higher. When the prices go higher, we see that higher volume come through. And so those things have all converged to really create a very, very strong second quarter for us. Unknown Speaker Understood. Thank you, Catherine, for that color. I think in your prepared remarks, you said that terminal volumes are expected to see strong performance in the second half. mean further growth or kind of remaining at those 2q levels?. Unknown Speaker Yes, very good question. So we see the second half as being strong, but I would refer to it as being strong as opposed to extraordinary. So, you know, the second quarter really several things converged across all of our terminals to give us those really high volumes that we're very, very pleased with. So we feel very good about the second half, but I would expect those to normalize to what I would consider to be our normal kind of strong results in the second half. And that's really reflective when you look at the guidance that we're giving for industrial services on a full year basis. Unknown Speaker Got it. Understood. I'll turn it over. Thanks, guys, and continued best of luck. Operator: Thank you. Thanks, Andre. Your next question comes from the line of Nathan Martin of the Benchmark Company. Your line is open. Nathan Martin: Thanks, operator. Good morning, everyone. Congrats on a strong quarter. Maybe just digging in a little bit more on that last question. You did raise, obviously, industrial services segment guidance by what looks like about 18 million or so at the midpoint, but it actually implies, I guess, average, just to get the dots back down. about 26 million a quarter in the back half. So am I thinking about that correctly, just trying to again reconcile the implied half over half decline, or is there maybe some, you know, conservative conservatism built in? I think you guys had previously guided to terminal volumes of 24 million tons and then Phoenix volumes of 22 million tons. Is that still what you're seeing for that segment or any other thoughts there would be great?. Shantanu Agrawal: Yes, thanks, Nate. That's a great question. So a couple of things. I think one thing in what happened in Q2, Catherine mentioned, right, we saw a significant amount of volumes come through in the terminals this quarter, right? And if you look at our Q1 was pretty strong as well in the terminals with the 5.6 million volumes. you know, kind of volumes and we did 6.6 million volume this quarter. So I would say the run rate for the second half is somewhere in the middle of that, you know, more closer to Q1, I would say. And then the other piece which really, really impacted and helped us in Q2 was some extraordinary kind of, you know, slack. sales that we did on the Phoenix side of the business, which helped drive the number in Q2. These are more seasonal things that it happens in one quarter. You're handling the slag and then you sell those kind of slag into the market. It just depends on the timing. So that helps quite a bit. bid in the Q2 and which should normalize out in Q3 and Q4. And that's why kind of, you know, the full year guidance of 110 to 115 makes sense from that perspective. Nathan Martin: Okay, that's some good color, Shantanu. I appreciate that. I mean, with Phoenix, are you guys still thinking that $60 million with Just to Do Without for years is a good way to think about that? Or have you been able to institute some cost savings initiatives, et cetera, or higher sales that might see some upside there?. Unknown Speaker So, you know, with respect to the synergies that we expected to realize and we discussed, you know, previously the 5 to 10 million of synergies, we have already achieved that this year. And we have a good portion of the synergies this year, but we would expect to see full synergies in 2020. So certainly with respect to the integration of the business and the cost side of it, we are right where we expect it to be. Operationally, things are just the same level of discipline, reliability, and rigor that we bring to Koch and Terminals we brought to Phoenix. that strong operational performance and coupling that with the mills and how they've been performing. And you've seen that across the board in terms of results. you know, from our customers, we're just, we're having a very strong year for Phoenix. So I think that thinking about our original sort of 60, 61 million as sort of a baseline when we announced the acquisition of Phoenix, that is the baseline. But you're certainly seeing stronger performance this year due to our operations. excellence coupled with the mill's strong performance. Catherine, I appreciate that. And then maybe another question as it relates to Covenant. Did you guys receive the price kicker there for the quarter based on where the FOB New Orleans index was? And then are you seeing any benefit in the second half with those prices still elevated because of what's going on in the war in the Middle East?. Shantanu Agrawal: Yes, that's a great question. Yes. You know, we changed the price index last year and it's FOB New Orleans. We did see the favorable impact of that, not to a great extent. We did see some impact, I think, two months out of the three this quarter. And that price, you know, it's a mix. of how the domestic producers are doing, as well as kind of what the market looks like in Europe. So we expect to see some benefit in Q3 as well, but it can change pretty quickly. Nathan Martin: Okay, got it, Shantanu. And then I just wanted to come back to the as a coke side, you mentioned that insurance proceeds from Middletown are partly at least driving some of the higher expected adjusted EBITDA per ton in the back half. How much are those proceeds and how should we think about how that flows through?. Shantanu Agrawal: So, Nate, we are not like laying out, you know, because it's just one plant and how much energy we're going to produce. But if you think about it, what we said was in Q1, the impact of the turbine and the impact of the weather impact on Indiana Harbor and our other coal plants was around $10 million, right? And then we did not have power. You can think about it the way is that we did not have power for five months of the year, right? So roughly, if you can extrapolate that, model that out, that's kind of the insurance proceed that we. Nathan Martin: need that is built into the second half of the year. Okay. So maybe we're thinking 5 million, kind of half that number, something like that, since part of it was weather. Yes. Shantanu Agrawal: That was just Q1, right? And that continued into a good part of Q2 as well. Nathan Martin: Okay. Got it. All right. I'll leave it there. Appreciate the time, everybody. Best of luck in the second half. Operator: Thank you. With no further questions, I will now turn the call back over to CEO and President Catherine Gates for closing remarks. Unknown Speaker Thank you all for joining us this morning and for your continued interest in Suncoast. Let's continue to work safely today and every day. This concludes today's conference call. You may now disconnect. Before you buy stock in SunCoke Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SunCoke Energy wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $386,727!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,232,139!* That performance is why people listen. 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SunCoke Energy (SXC) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in SunCoke Energy, Inc.? Here are five stocks we like better. SunCoke Energy’s second-quarter adjusted EBITDA rose to $69.6 million from $43.6 million a year earlier, driven by Phoenix, higher terminal volumes and favorable coal-to-coke yields. Net income increased to $0.15 per share. The company raised full-year consolidated adjusted EBITDA guidance to $250 million–$265 million, with domestic coke guidance at $172 million–$178 million and industrial services guidance at $110 million–$115 million. Industrial services delivered record EBITDA since the Phoenix acquisition, while SunCoke maintained $207 million in liquidity and plans to use free cash flow for debt reduction and shareholder returns, including its 28th consecutive quarterly dividend. Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows SunCoke Energy (NYSE:SXC) reported second-quarter 2026 consolidated adjusted EBITDA of $69.6 million, up from $43.6 million a year earlier, as the company benefited from the addition of Phoenix, higher terminal handling volumes and favorable coal-to-coke yields. Net income attributable to SunCoke was $0.15 per share, an increase of $0.13 per share from the prior-year period. Chief Financial Officer Shantanu Agrawal said the year-over-year improvement was primarily driven by Phoenix’s contribution and stronger terminal volumes. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Strong Demand Makes Cleveland-Cliffs an Undervalued Mid-Cap The company raised its full-year consolidated adjusted EBITDA guidance to a range of $250 million to $265 million, citing expectations for continued operating strength in its domestic coke and industrial services businesses. SunCoke also declared a quarterly dividend of $0.12 per share, payable Sept. 2, 2026, marking its 28th consecutive quarterly dividend. SunCoke’s domestic coke segment generated adjusted EBITDA of $42.5 million during the second quarter, compared with $40.5 million in the same period last year. Coke sales volumes totaled 878,000 tons, down from 943,000 tons a year earlier, reflecting the Haverhill One shutdown. → Microsoft Just Flipped the AI Spending Narrative Overnight 3 Small-Cap Stocks That Offer Big Dividends Agrawal said improved operating conditions supported favorable coal-to-coke yields, more than offsetting the impact of lower sales volumes. The company also resumed power production from the Middletown turbine in May, earlier than anticipated. SunCoke increased its full-year domestic coke adjusted EBITDA guidance to $172 million to $178 million. In response to an analyst question about expected second-half performance, Agrawal said the company will receive a full-quarter benefit from Middletown turbine generation during both the third and fourth quarters. Guidance also includes insurance recovery proceeds related to the period when the turbine was unavailable. → Carrier Earnings Could Send the Stock to a New All-Time High Chief Executive Officer Katherine Gates said SunCoke is operating at full capacity and is sold out for the full year. The company has contracts in place for Haverhill Two and Granite City coke-making operations, while all spot blast and foundry coke sales have been finalized. Industrial services adjusted EBITDA rose to $34.4 million in the second quarter from $7.7 million a year earlier, representing the segment’s highest adjusted EBITDA since SunCoke acquired Phoenix. Total terminal handling volumes reached 6.7 million tons, including 5.8 million tons of steel customer volumes serviced. The company raised full-year industrial services adjusted EBITDA guidance to $110 million to $115 million. Gates said the second quarter was “extraordinary” for terminal activity, with several factors contributing to higher volumes across its terminals. She cited a shift in domestic and international coal pricing, along with supply-chain and energy concerns related to the war in Iran, as factors supporting higher volumes through Gulf terminals. However, Gates said SunCoke expects second-half terminal activity to remain strong rather than repeat the unusually high second-quarter level. Agrawal said second-half terminal volumes are expected to fall between first- and second-quarter levels, and closer to the first-quarter run rate. He also noted that second-quarter results included seasonal slag sales at Phoenix that are expected to normalize in the third and fourth quarters. Gates said SunCoke has achieved a substantial portion of the $5 million to $10 million in anticipated Phoenix synergies during 2026 and expects to realize full synergies in 2027. She characterized the approximately $60 million to $61 million annual adjusted EBITDA outlook discussed at the time of the acquisition as a baseline, while noting Phoenix is producing stronger results this year. SunCoke ended the quarter with $42.7 million in cash and $164.5 million of revolver availability, for total liquidity of $207 million. Net cash used in operating activities was $27.2 million, which Agrawal said was adversely affected by the timing of roughly $65 million in cash receipts near the end of the quarter. Those receipts were subsequently received in July. The company expects operating cash flow to normalize through the remainder of the year and raised full-year operating cash flow guidance to $240 million to $260 million. During the quarter, SunCoke used $6.5 million for debt repayment, spent $15.9 million on capital expenditures and paid $10.2 million in dividends. Management said it intends to use free cash flow for debt reduction and shareholder returns, while continuing to assess investment and growth opportunities across its operations. “We are confident that we’ll be able to deliver full-year consolidated adjusted EBITDA within our revised guidance range of $250 million-$265 million,” Gates said. SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries. The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SunCoke Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Image source: The Motley Fool. Thursday, July 30, 2026 at 7:00 a.m. ET Investor Relations Manager - Sharon Doyle President and Chief Executive Officer - Catherine Gates Senior Vice President and Chief Financial Officer - Shantanu Agrawal Operator: lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. I would like to ask a question during this time, so we press star or follow button number one on your telephone keypad. If you would like to withdraw your question, simply press star 1 again. We'll now turn the conference over to Sharon Doyle, Investor Relations Manager. Please go ahead. Sharon Doyle: Thank you. Good morning and thank you for joining us this morning to discuss Suncok Energy's second quarter 2026 results. With me today are Catherine Gates, President and Chief Executive Officer and Shantanu Agrawal, Senior Vice President and Chief Financial Officer. This conference call is being webcast live on the investor relations section of our website and a replay will be available later. Following management's prepared remarks, we will open the call for Q&A. If we do not get to your questions on the call today, please feel free to reach out to our investor relations team. Before I turn things over to Catherine, let me remind you that the various remarks we make on today's call regarding future expectations constitute... Forward-looking statements. The cautionary language regarding forward-looking statements in our SEC filings apply to the remarks we make today. These documents are available on our website as our reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll turn things over to Katherine. Thanks, Sharon. Good morning, and thank you for joining us on today's call. Unknown Speaker This morning, we announced Suncoke Energy's second quarter results. I want to share a few highlights before turning it over to Shantanu to discuss the results in detail. We're very pleased with our second quarter results with strong consolidated adjusted EBITDA of $69.6 million. Our industrial services segment delivered the highest adjusted EBITDA since the acquisition of Phoenix, substantially higher handling volumes at our terminals as compared to the prior year period. Our domestic coke segment benefited from favorable coal-to-coke yields, and the Middletown turbine was returned to service with power production resuming in May. Earlier today, we also announced a quarterly dividend of 12 cents per share, payable to shareholders on September 2, 2026. This is our 28th consecutive quarterly dividend. While the dividend is evaluated on a quarterly basis by our board, we expect the dividend to continue as part of our well-balanced capital allocation. As previously discussed in our first quarter earnings call, we are running at full capacity and sold out for the full year. We are also running at a full capacity We expect continued strong operating performance for both business segments, and with a solid outlook through the second half of the year, we are increasing our full year 2026 consolidated adjusted EBITDA guidance range to $250 to $265 million. With that, I'll turn it over to Shantanu to review our second quarter earnings. Shantanu Agrawal: earnings in detail. Shantanu. Thanks, Catherine. Turning to slide four. Net income attributable to Suncorp was 15 cents per share in the second quarter of 2026, up 13 cents versus the prior year period. The increase was primarily driven by the addition of Phoenix results and higher terminal handling volumes. Consolidated adjusted EBITDA for the second quarter of 2026 was $69.6 million compared to $43.6 million in the prior year period. The increase in adjusted EBITDA was primarily driven by the addition of Phoenix, higher terminal handling volumes, and favorable cold to coke yields, partially offset by lower Coke sales volumes due to the Haverhill One shutdown and higher employee expense accrual driven by the company's strong financial performance. Moving to slide five to discuss our domestic Coke business performance in detail. Second quarter domestic coke adjusted EBITDA was $42.5 million and coke sales volumes were 878,000 tons compared to $40.5 million and 943,000 tons in the prior year period. The increase in adjusted EBITDA was primarily driven by favorable coal to coke yields, to improved operating conditions, partially offset by lower Coke sales volumes due to the Haverhill One shutdown. We are pleased with the improvement in our Coke operations during the second quarter and with the return of power production at Middletown earlier than anticipated. We expect this strong operational performance to continue throughout the second quarter half of the year and are increasing our full-year domestic coke adjusted product guidance range to 172 to 178 million dollars now moving on to slide six to discuss our industrial services results Our industrial services segment generated $34.4 million of adjusted EBITDA in the second quarter of 2026, compared to $7.7 million in the prior year period. The increase in adjusted EBITDA was primarily driven by the addition of Phoenix results and higher terminal handling volumes. Second quarter total terminals handling volumes were 6.7 million tons and steel customer volumes serviced were 5.8 million tons. We are increasing our full year 2026 industrial services adjusted EBITDA guidance range to $110 million to $115 million, driven by continued solid IEPs. outlook for the second half of the year. Now, turning to slide 7 to discuss our liquidity position for Q2, Suncorp ended the second quarter with a cash balance of $42.7 million and revolver availability of $164.5 million, representing ample liquidity of $207 million. cash used in operating activities was $27.2 million and was negatively impacted by the timing of approximately $65 million of cash receipts at the quarter end, which were subsequently received in July. We expect operating cash flow to normalize over the remainder of the year and are increasing our full year operating cash flow guidance to $240 to $260 million. During the quarter, we used $6.5 million for debt pay down, spent $15.9 million on CapEx, and paid $10.2 million in dividends at the rate of $0.12 per share. Runco has a strong track record of generating steady free cash flow, and we expect the trend to continue throughout the year. As Catherine mentioned earlier, we intend to continue utilizing our free cash flow to pay down debt, as well as to reward our long-term shareholders via dividends, which is reviewed and approved on a quarterly basis by our board of directors. Unknown Speaker With that, I'll turn it back over to Catherine. Thanks, Shantanu. Wrapping up on slide eight. As always, safety is our first priority and our team remains committed to maintaining strong safety and environmental performance throughout the year. Robust safety and environmental standards set Suncoke apart and are central to our reliable delivery of high-quality coke and industrial services. We continue to be confident in our operations for 2026 with our profitable long-term Coke business underpinned by the three pillars of Indian Harbor, Middletown and Jewel Foundry, which have consistently delivered excellent performance and results. With our Haverhill 2 and Granite City Coke making contracts in place and all spot glass and foundry Coke sales finalized were sold out for the full year. We also maintain a positive outlook for our industrial services segment. 2026 will benefit from a full year of Phoenix adjusted EBITDA, as well as solid market conditions at our terminals. As always, we take a balanced yet opportunistic approach to capital allocation. Our focus will remain on utilizing our free cash flow to support our capital allocation priorities, including paying down our revolver balance. We also plan to continue returning capital via the quarterly dividend as approved by our board, which has always been well received by our long-term shareholders. We continuously evaluate the capital needs of the business, our capital structure, and the need to reward our shareholders, and will make capital allocation decisions accordingly. We're committed to maximizing value for all of our stakeholders, which means operating and investing in our assets in the best and most efficient way possible. We will continue to focus on maintaining the strength of our core businesses, as well as assessing new growth opportunities across all areas of our business. Overall, we see the strong fundamentals of our business and expect our 2026 results to be reflective of that. We are confident that we'll be able to deliver full-year consolidated adjusted EBITDA within our revised guidance range of $250 to $265 million. Operator: Let's go ahead and open up the call for Q&A. Thank you. If you have a question, please press star 1 in your telephone keypad to raise your hand and join the queue. If you wish to remove yourself from the queue, simply press star 1 again. Your first question comes from the line of Henry Hurl of B. Reilly Securities. Your line is open. Unknown Speaker Thank you, operator, and good morning, everyone. Just to start off, in the domestic code this year, for 10 was roughly 48.4, which is still slightly below your revised higher full year guidance of 51 to 52. Could you help us and walk the drivers to achieve this higher yield up for 10 in the second half of the year?. Shantanu Agrawal: Thanks, Henry. Yes, there are a couple of things in there. First, you know, the Middletown turbine came back online late part of May. So we still did not have the full benefit of the Middletown turbine power generation for the full quarter. So you're going to see that in the third and the fourth quarter. quarter, the full turbine power generation from Middletown. And the other piece, which is also included in the second half of the year, is the insurance recovery proceeds, which we lost, not having the turbine during the first half of the year. That is also built into our guidance for the second half. Unknown Speaker Got it. Thanks, Shantanu. And then I believe your terminal handling volumes increased almost 20% quarter over quarter. Unknown Speaker was kind of the main driver or drivers of that significant step up? So, you know, this was really an extraordinary quarter for the terminals, you know, as we've said. And, I mean, we see really a shift in the end of last year and even the beginning of this year. We saw that mismatch where you had higher domestic price. for coal versus internationally, that has certainly shifted. I think that there's supply chain concern and energy concern with respect to the war in Iran that's probably driving some of these prices higher. When the prices go higher, we see that higher volume come through. And so those things have all converged to really create a very, very strong second quarter for us. Unknown Speaker Understood. Thank you, Catherine, for that color. I think in your prepared remarks, you said that terminal volumes are expected to see strong performance in the second half. mean further growth or kind of remaining at those 2q levels?. Unknown Speaker Yes, very good question. So we see the second half as being strong, but I would refer to it as being strong as opposed to extraordinary. So, you know, the second quarter really several things converged across all of our terminals to give us those really high volumes that we're very, very pleased with. So we feel very good about the second half, but I would expect those to normalize to what I would consider to be our normal kind of strong results in the second half. And that's really reflective when you look at the guidance that we're giving for industrial services on a full year basis. Unknown Speaker Got it. Understood. I'll turn it over. Thanks, guys, and continued best of luck. Operator: Thank you. Thanks, Andre. Your next question comes from the line of Nathan Martin of the Benchmark Company. Your line is open. Nathan Martin: Thanks, operator. Good morning, everyone. Congrats on a strong quarter. Maybe just digging in a little bit more on that last question. You did raise, obviously, industrial services segment guidance by what looks like about 18 million or so at the midpoint, but it actually implies, I guess, average, just to get the dots back down. about 26 million a quarter in the back half. So am I thinking about that correctly, just trying to again reconcile the implied half over half decline, or is there maybe some, you know, conservative conservatism built in? I think you guys had previously guided to terminal volumes of 24 million tons and then Phoenix volumes of 22 million tons. Is that still what you're seeing for that segment or any other thoughts there would be great?. Shantanu Agrawal: Yes, thanks, Nate. That's a great question. So a couple of things. I think one thing in what happened in Q2, Catherine mentioned, right, we saw a significant amount of volumes come through in the terminals this quarter, right? And if you look at our Q1 was pretty strong as well in the terminals with the 5.6 million volumes. you know, kind of volumes and we did 6.6 million volume this quarter. So I would say the run rate for the second half is somewhere in the middle of that, you know, more closer to Q1, I would say. And then the other piece which really, really impacted and helped us in Q2 was some extraordinary kind of, you know, slack. sales that we did on the Phoenix side of the business, which helped drive the number in Q2. These are more seasonal things that it happens in one quarter. You're handling the slag and then you sell those kind of slag into the market. It just depends on the timing. So that helps quite a bit. bid in the Q2 and which should normalize out in Q3 and Q4. And that's why kind of, you know, the full year guidance of 110 to 115 makes sense from that perspective. Nathan Martin: Okay, that's some good color, Shantanu. I appreciate that. I mean, with Phoenix, are you guys still thinking that $60 million with Just to Do Without for years is a good way to think about that? Or have you been able to institute some cost savings initiatives, et cetera, or higher sales that might see some upside there?. Unknown Speaker So, you know, with respect to the synergies that we expected to realize and we discussed, you know, previously the 5 to 10 million of synergies, we have already achieved that this year. And we have a good portion of the synergies this year, but we would expect to see full synergies in 2020. So certainly with respect to the integration of the business and the cost side of it, we are right where we expect it to be. Operationally, things are just the same level of discipline, reliability, and rigor that we bring to Koch and Terminals we brought to Phoenix. that strong operational performance and coupling that with the mills and how they've been performing. And you've seen that across the board in terms of results. you know, from our customers, we're just, we're having a very strong year for Phoenix. So I think that thinking about our original sort of 60, 61 million as sort of a baseline when we announced the acquisition of Phoenix, that is the baseline. But you're certainly seeing stronger performance this year due to our operations. excellence coupled with the mill's strong performance. Catherine, I appreciate that. And then maybe another question as it relates to Covenant. Did you guys receive the price kicker there for the quarter based on where the FOB New Orleans index was? And then are you seeing any benefit in the second half with those prices still elevated because of what's going on in the war in the Middle East?. Shantanu Agrawal: Yes, that's a great question. Yes. You know, we changed the price index last year and it's FOB New Orleans. We did see the favorable impact of that, not to a great extent. We did see some impact, I think, two months out of the three this quarter. And that price, you know, it's a mix. of how the domestic producers are doing, as well as kind of what the market looks like in Europe. So we expect to see some benefit in Q3 as well, but it can change pretty quickly. Nathan Martin: Okay, got it, Shantanu. And then I just wanted to come back to the as a coke side, you mentioned that insurance proceeds from Middletown are partly at least driving some of the higher expected adjusted EBITDA per ton in the back half. How much are those proceeds and how should we think about how that flows through?. Shantanu Agrawal: So, Nate, we are not like laying out, you know, because it's just one plant and how much energy we're going to produce. But if you think about it, what we said was in Q1, the impact of the turbine and the impact of the weather impact on Indiana Harbor and our other coal plants was around $10 million, right? And then we did not have power. You can think about it the way is that we did not have power for five months of the year, right? So roughly, if you can extrapolate that, model that out, that's kind of the insurance proceed that we. Nathan Martin: need that is built into the second half of the year. Okay. So maybe we're thinking 5 million, kind of half that number, something like that, since part of it was weather. Yes. Shantanu Agrawal: That was just Q1, right? And that continued into a good part of Q2 as well. Nathan Martin: Okay. Got it. All right. I'll leave it there. Appreciate the time, everybody. Best of luck in the second half. Operator: Thank you. With no further questions, I will now turn the call back over to CEO and President Catherine Gates for closing remarks. Unknown Speaker Thank you all for joining us this morning and for your continued interest in Suncoast. Let's continue to work safely today and every day. This concludes today's conference call. You may now disconnect. Before you buy stock in SunCoke Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SunCoke Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $397,081!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,166,221!* Now, it’s worth noting Stock Advisor’s total average return is 889% — a market-crushing outperformance compared to 203% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of July 30, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. SunCoke Energy (SXC) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Strong consolidated adjusted EBITDA of $69.6 million in Q2 2026, up from $43.6 million in the prior year period. Industrial services segment delivered its highest adjusted EBITDA since the Phoenix acquisition, driven by substantially higher terminal handling volumes. Domestic coke segment benefited from favorable coal-to-coke yields and the return of the Middletown turbine to service in May. Increased full-year 2026 consolidated adjusted EBITDA guidance to $250-$265 million, reflecting confidence in continued strong performance. Ample liquidity of $207 million, with a strong track record of generating steady free cash flow and a commitment to returning capital via dividends. Lower coke sales volumes in Q2 due to the Haverhill 1 shutdown, partially offsetting gains from improved yields. Higher employee expense accruals driven by strong financial performance, which negatively impacted results. Net cash used in operating activities was $27.2 million, negatively impacted by the timing of approximately $65 million in cash receipts at quarter end. Terminal handling volumes in Q2 were described as 'extraordinary' and are expected to normalize to lower levels in the second half of the year. The Middletown turbine was out of service for five months, with insurance recovery proceeds only partially offsetting the impact in the second half. Warning! GuruFocus has detected 10 Warning Signs with SXC. Is SXC fairly valued? Test your thesis with our free DCF calculator. Q: In the domestic coke segment, the adjusted EBITDA per ton was roughly $48.4, which is still slightly below your revised higher full-year guidance of $51 to $52. Could you walk us through the drivers to achieve this higher yield per ton in the second half of the year?A: (Shantanu Agarwal, CFO) There are a couple of things. First, the Middletown turbine came back online late in May, so we did not have the full benefit of its power generation for the full quarter. You will see that full benefit in the third and fourth quarters. The other piece is the insurance recovery proceeds for not having the turbine during the first half of the year, which is also built into our guidance. Q: Terminal handling volumes increased almost 20% quarter over quarter. What was the main driver of that significant step-up?A: (Katherine Gates, CEO) This was an extraordinary quarter for the terminals. We saw a shift from the end of last year where there was a mismatch between higher domestic coal pricing versus international pricing. That has shifted. Additionally, supply chain and energy concerns related to the war in Iran are likely driving prices higher. When prices go higher, we see higher volumes come through the Gulf. These things converged to create a very strong quarter. Q: In your prepared remarks, you said terminal volumes are expected to see strong performance in the second half. Does that mean further growth or remaining at the 2Q levels?A: (Katherine Gates, CEO) We see the second half as being strong, but I would refer to it as strong as opposed to extraordinary. The second quarter saw several things converge across all of our terminals to give us those very high volumes. I would expect those to normalize to what we consider our normal kind of strong results in the second half. This is reflected in the full-year guidance we are giving for industrial services. Q: You raised the industrial services segment guidance by about $18 million at the midpoint, but it implies an average of about $26 million a quarter in the back half. Is there some conservatism built in? Are you still seeing terminal volumes of 24 million tons and Phoenix at 22 million tons?A: (Shantanu Agarwal, CFO) A couple of things. In Q2, we saw a significant amount of volumes come through the terminals. Q1 was also pretty strong at 5.6 million tons, and we did 6.6 million tons in Q2. I would say the run rate for the second half is somewhere in the middle, closer to Q1. Also, we had some extraordinary slag sales on the Phoenix side in Q2, which are more seasonal and depend on timing. That helped drive the Q2 number, but it should normalize out in Q3 and Q4, which is why the full-year guidance of $110 to $115 million makes sense. Q: With Phoenix, are you still thinking that $60 million adjusted EBITDA is a good way to think about it for the year, or have you been able to institute cost savings initiatives that might see some upside?A: (Katherine Gates, CEO) With respect to the synergies we expected to realize, the $5 to $10 million, we have already achieved that this year, and we would expect to see full synergies in 2027. Operationally, we are right where we expected to be. We are seeing strong operational performance from Phoenix, coupled with strong results from our mill customers. Thinking about our original $60-$61 million as a baseline when we announced the acquisition, that is the baseline, but you are certainly seeing stronger performance this year due to our operational excellence and the mills' strong performance. Q: Did you receive the price kicker on the Granite City contract for the quarter based on the FOB New Orleans index? Are you seeing any benefit in the second half with prices elevated due to the war in the Middle East?A: (Shantanu Agarwal, CFO) Yes, we changed the price index last year to FOB New Orleans. We did see a favorable impact, but not to a great extent. I think it impacted 2 out of the 3 months this quarter. We do see some benefit in Q3, but it can change pretty quickly. Q: You mentioned that insurance proceeds from Middletown are partly driving the higher expected adjusted EBITDA per ton in the back half. How much are those proceeds, and how should we think about how that flows through?A: (Shantanu Agarwal, CFO) We are not laying out the exact amount because it depends on one plant and how much energy we produce. But if you think about it, we said the impact of the turbine and the weather on Indiana Harbor and other coke plants in Q1 was around $10 million. We did not have power for about 5 months of the year. If you extrapolate that, that is the kind of insurance proceeds built into the second half of the year. Q: Could you provide more color on the strong operating cash flow guidance increase to $240 to $260 million, given the $65 million of cash receipts that were delayed at the end of Q2?A: (Shantanu Agarwal, CFO) The $65 million of cash receipts at the quarter end were subsequently received in July. We expect operating cash flow to normalize over the remainder of the year, which is why we are increasing our full-year operating cash flow guidance to $240 to $260 million. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

SunCoke Energy (SXC) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +87.50%. A quarter ago, it was expected that this metallurgical coke producer would post earnings of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of -162.5%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. SunCoke, which belongs to the Zacks Coal industry, posted revenues of $475.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 9.77%. This compares to year-ago revenues of $434.1 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SunCoke shares have added about 30% since the beginning of the year versus the S&P 500's gain of 6.9%. While SunCoke has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SunCoke was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $422 million in revenues for the coming quarter and $0.20 on $1.74 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Coal is currently in the top 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Core Natural Resources (CNR), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This coal company is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of +152.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Core Natural Resources' revenues are expected to be $1.09 billion, down 1.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SunCoke Energy, Inc. (SXC) : Free Stock Analysis Report Core Natural Resources, Inc. (CNR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The Industrial Services segment achieved its highest adjusted EBITDA since the Phoenix acquisition, fueled by a significant step-up in terminal handling volumes. Domestic Coke performance was bolstered by favorable coal-to-coke yields resulting from improved operating conditions across the fleet. The Middletown turbine was successfully returned to service in May, earlier than anticipated, restoring power production capabilities for the remainder of the year. Management confirmed the company is sold out for the full year 2026, with all spot glass and foundry coke sales finalized and long-term contracts in place. The acquisition of Phoenix is delivering ahead of expectations, with management already achieving the targeted $5 million to $10 million in annual synergies. A shift in coal pricing dynamics, where international prices rose relative to domestic prices, drove higher-than-expected volumes through the company's terminals. Full-year 2026 consolidated adjusted EBITDA guidance was raised to a range of $250 million to $265 million, reflecting strong first-half momentum. Management expects terminal volumes to 'normalize' in the second half of the year, moving from 'extraordinary' Q2 levels back toward more typical strong run rates. The second-half outlook for the Domestic Coke segment includes anticipated insurance recovery proceeds related to the Middletown turbine outage. Operating cash flow guidance was increased to $240 million to $260 million, assuming a normalization of working capital after $65 million in late-quarter receipts were delayed into July. Capital allocation will remain balanced between maintaining the quarterly dividend, paying down revolver debt, and evaluating opportunistic growth across all business areas. The Haverhill 1 shutdown acted as a headwind to Coke sales volumes during the quarter, partially offsetting yield gains. Employee expense accruals increased during the period, a direct result of the company's strong financial performance exceeding internal targets. Supply chain and energy concerns stemming from geopolitical tensions in the Middle East are cited as factors currently supporting elevated coal prices and terminal demand. A one-time benefit in the Industrial Services segment was realized through extraordinary slag sales at Phoenix, which is not expected to repeat at the same scale in H2. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management cited the full-quarter benefit of the Middletown turbine power generation in Q3 and Q4 as a primary driver. The guidance also incorporates insurance recovery proceeds for the business interruption caused by the turbine being offline during the first half of the year. The 20% sequential volume increase was described as 'extraordinary,' driven by a convergence of favorable pricing and supply chain shifts. Management expects volumes to normalize toward Q1 levels (approximately 5.6 million tons) rather than maintaining the 6.7 million ton peak seen in Q2. Suncoke has already realized the $5 million to $10 million synergy target for the year. Performance is exceeding the original $60 million to $61 million EBITDA baseline due to strong mill performance from customers and the application of Suncoke’s operational rigor. The company saw some favorable impact from the FOB New Orleans price kicker in two out of three months this quarter. While some benefit is expected to persist into Q3, management cautioned that these market dynamics can change rapidly.

Second quarter 2026 net income was $15.6 million, compared to $3.5 million in the prior year period; second quarter 2026 net income attributable to SXC was $13.1 million, or $0.15 per diluted share, compared to $1.9 million, or $0.02 per diluted share in the prior year period Consolidated Adjusted EBITDA(1) for the quarter was $69.6 million, compared to $43.6 million in the prior year period Declared a cash dividend of $0.12 per share, representing the Company’s 28th consecutive quarterly dividend, payable on September 2, 2026 Middletown turbine resumed operations and power generation Increasing full-year 2026 Consolidated Adjusted EBITDA(1) guidance range to $250 million - $265 million LISLE, Ill., July 30, 2026--(BUSINESS WIRE)--SunCoke Energy, Inc. (NYSE: SXC) today reported results for the second quarter 2026, reflecting strong operational and financial performance. "Our second quarter results reflect very strong operating performance from our Industrial Services and Domestic Coke businesses," said Katherine Gates, President and Chief Executive Officer of SunCoke Energy, Inc. "Industrial Services had its best quarter to date for Adjusted EBITDA since the acquisition of Phoenix, while our Domestic Coke segment benefited from favorable coal-to-coke yields due to improved operating conditions. Additionally, we successfully returned the Middletown turbine to service in May." Gates continued, "We expect this strong performance to continue, and with solid outlooks for both business segments throughout the second half of the year, we are increasing our full-year 2026 Consolidated Adjusted EBITDA guidance range to $250 million to $265 million." SECOND QUARTER CONSOLIDATED RESULTS Revenues in the second quarter of 2026 increased $41.2 million as compared to the same prior year period, primarily driven by the addition of Phoenix, partially offset by lower blast coke sales volumes due to the shutdown of our Haverhill I cokemaking facility, the pass-through of lower coal prices on our long-term, take-or-pay agreements, and lower energy sales due to the Middletown cokemaking facility turbine failure. Net income attributable to SXC increased $11.2 million as compared to the same prior year period, primarily driven by the inclusion of Phoenix results and higher terminals handling volumes. Adjusted EBITDA increased $26.0 million as compared to the same prior year period, primarily driven by the inclusion of Phoenix, higher terminals handling volumes due to improved market conditions, and favorable coal-to-coke yields due to improved operating conditions, partially offset by lower coke sales volumes due to the shutdown of our Haverhill I cokemaking facility. SECOND QUARTER SEGMENT RESULTS Domestic Coke Domestic Coke consists of cokemaking facilities and heat recovery operations at our Jewell, Indiana Harbor, Haverhill II, Granite City and Middletown plants. Revenues in the second quarter of 2026 decreased $42.9 million as compared to the same prior year period, primarily driven by lower blast coke sales volumes due to the shutdown of our Haverhill I cokemaking facility, the pass-through of lower coal prices on our long-term, take-or-pay agreements, and lower energy sales due to the Middletown cokemaking facility turbine failure. Adjusted EBITDA in the second quarter of 2026 increased $2.0 million as compared to the same prior year period, primarily driven by favorable coal-to-coke yields due to improved operating conditions, partially offset by lower blast coke sales volumes due to the shutdown of our Haverhill I cokemaking facility. Industrial Services Industrial Services consists of the handling and mixing services of coal and other aggregates at our logistics terminals, including Convent Marine Terminal ("CMT"), Lake Terminal, and Kanawha River Terminals ("KRT"), and fifteen molten slag removal, handling, and processing operating sites in four countries. Revenues and Adjusted EBITDA increased in the second quarter of 2026 by $83.3 million and $26.7 million, respectively, as compared to the same prior year period, primarily driven by the addition of Phoenix results and higher terminals handling volumes. Corporate and Other Corporate expenses that can be identified with a segment have been included in determining segment results. The remainder is included in Corporate and Other, which is not a reportable segment, but which also includes licensing and operating fees payable to us under long-term contracts with ArcelorMittal Brazil as well as the expenses related to those operations and activity from our legacy coal mining business. Corporate and Other Adjusted EBITDA, which includes results from our legacy coal mining business and Brazil cokemaking business, was an expense of $7.3 million during the second quarter of 2026, compared to an expense of $4.6 million during the second quarter of 2025, primarily driven by higher employee related costs. 2026 REVISED OUTLOOK Our 2026 revised guidance is as follows: Domestic coke total sales are expected to be approximately 3.4 million tons(1) Consolidated Net Income is expected to be between $23 million and $42 million Consolidated Adjusted EBITDA is expected to be between $250 million and $265 million Capital expenditures are projected to be between $90 million and $100 million Operating cash flow is estimated to be between $240 million and $260 million Net cash tax receipts are projected to be between $8 million and $12 million RELATED COMMUNICATIONS We will host our quarterly earnings call at 11:00 am ET (10:00 a.m. CT) today. The conference call will be webcast live at https://app.webinar.net/bYkw7yWOJmd and archived for replay in the Investors section of www.suncoke.com. Investors and analysts may participate in this call by dialing 1-800-715-9871 in the U.S. or 1-646-307-1963 if outside the U.S., conference ID 5888042. SUNCOKE ENERGY, INC. SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our industrial services business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers, as well as mission-critical services to leading steel producers globally. The logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. Additional industrial services include the removal, handling, and processing of molten slag at customer sites, as well as preparation and transportation of metal scraps, raw materials, and finished products. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com. SunCoke routinely announces material information to investors and the marketplace using press releases, Securities and Exchange Commission filings, public conference calls, webcasts, sustainability reports, and SunCoke's website at https://www.suncoke.com/en/investors/overview. The information that SunCoke posts to its website may be deemed to be material. Accordingly, SunCoke encourages investors and others interested in SunCoke to routinely monitor and review the information that SunCoke posts on its website, in addition to following SunCoke's press releases, Securities and Exchange Commission filings, sustainability reports, and public conference calls and webcasts. NON-GAAP FINANCIAL MEASURES In addition to U.S. GAAP measures, this press release contains certain non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to the measures derived in accordance with U.S. GAAP. Non-GAAP financial measures have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for results as reported under U.S. GAAP. Additionally, other companies may calculate non-GAAP metrics differently than we do, thereby limiting their usefulness as a comparative measure. Because of these and other limitations, you should consider our non-GAAP measures only as supplemental to other U.S. GAAP-based financial performance measures, including revenues and net income. Reconciliations to the most comparable GAAP financial measures are included following the presentation of financial and operating results included at the end of this press release. DEFINITIONS Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted for any impairments, restructuring costs, gains or losses on extinguishment of debt, gains or losses on foreign currency derivative instruments assumed as part of the acquisition of Phoenix Global, site closure costs and/or transaction costs ("Adjusted EBITDA"). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or operating income under U.S. GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on U.S. GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with U.S. GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with U.S. GAAP. Additionally, other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. FORWARD-LOOKING STATEMENTS This press release and related conference call contain "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements often may be identified by the use of such words as "believe," "expect," "plan," "project," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "will," "should," or the negative of these terms, or similar expressions. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Any statements made in this press release or during the related conference call that are not statements of historical fact, including those concerning possible or assumed future results of operations, our 2026 guidance and outlook, our expectation to continue a quarterly dividend, descriptions of our business plans and strategies, and other statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements represent only our present beliefs regarding future events, many of which are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of SunCoke) that could cause our actual results and financial condition to differ materially from the anticipated results and financial condition indicated in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A ("Risk Factors") of our Annual Report on Form 10-K for the most recently completed fiscal year, as well as those described from time to time in our other reports and filings with the Securities and Exchange Commission (SEC). In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke has included in its filings with the SEC cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SunCoke. For information concerning these factors and other important information regarding the matters discussed in this press release and related conference call, see SunCoke's SEC filings, copies of which are available free of charge on SunCoke's website at www.suncoke.com or on the SEC's website at www.sec.gov. All forward-looking statements included in this press release and related conference call are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this press release and related conference call also could have material adverse effects on forward-looking statements. Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. SunCoke does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events, or otherwise, after the date of this press release except as required by applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730754525/en/ Contacts Investor/Media Inquiries: Sharon DoyleManager, Investor Relations(630) 824-1907

Investors in SunCoke Energy, Inc. (NYSE:SXC) had a good week, as its shares rose 7.1% to close at US$6.97 following the release of its first-quarter results. Revenues beat expectations by 10% to hit US$455m, although earnings fell badly short, with SunCoke Energy reported a statutory loss of US$0.05 per share even though the analysts had been forecasting a profit. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Taking into account the latest results, SunCoke Energy's dual analysts currently expect revenues in 2026 to be US$1.88b, approximately in line with the last 12 months. SunCoke Energy is also expected to turn profitable, with statutory earnings of US$0.23 per share. Before this earnings report, the analysts had been forecasting revenues of US$1.76b and earnings per share (EPS) of US$0.36 in 2026. So it's pretty clear the analysts have mixed opinions on SunCoke Energy after the latest results; even though they upped their revenue numbers, it came at the cost of a large cut to per-share earnings expectations. View our latest analysis for SunCoke Energy The consensus price target was unchanged at US$9.50, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that SunCoke Energy's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.0% growth on an annualised basis. This is compared to a historical growth rate of 5.9% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.8% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than SunCoke Energy. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that in mind, we wouldn't be too quick to come to a conclusion on SunCoke Energy. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for SunCoke Energy (1 shouldn't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.