SunCoke Energy (SXC) Q3 2026 earnings summary

Executive summary

• Q3 consolidated Adjusted EBITDA rose $17.8M YoY to $76.9M from $59.1M, with stronger results in Domestic Coke and Industrial Services.

• Q3 revenue was $485.9M, down $1.1M YoY; net income was $23.8M, unchanged YoY.

• An October 2026 settlement with Algoma Steel resolved a claim related to 2025.

Financial highlights

• Operating income rose to $40.6M from $13.4M; net income attributable to shareholders was $21.8M versus $22.2M, and diluted EPS was $0.25 versus $0.26.

• Nine-month revenue increased $59.2M to $1,416.3M and Adjusted EBITDA rose $40.5M to $203.0M; net income declined to $36.0M from $46.7M.

• Q3 operating cash flow was $94.8M versus $9.2M; nine-month operating cash flow increased $87.8M YoY to $140.3M.

• Q3 EPS reflected operating gains and Jewell flood insurance recoveries, offset by the absence of prior-year capital investment tax credits.

Outlook and guidance

• FY26 consolidated Adjusted EBITDA guidance increased from $230M-$250M to $250M-$265M, with results expected to modestly exceed the high end.

• FY26 free cash flow guidance rose to $180M-$185M, reflecting the Algoma settlement; operating cash flow is projected at $270M-$285M and capex at $90M-$100M.

• Domestic Coke guidance is $172M-$178M and Industrial Services guidance is $110M-$115M; Domestic Coke is expected near the high end and Industrial Services to exceed its range.

• FY26 net income guidance is $22M-$42M; Domestic Coke sales are forecast at ~3.4M tons, with Adjusted EBITDA per ton guidance of $51-$52.

• A Middletown turbine insurance recovery is excluded from guidance; receipt in 2026 would lift results significantly above the consolidated guidance high end, though payment could extend into early 2027.