Suncoke Energy | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 455.1 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 455.1 M, beating the estimate of USD 413.1 M.
EPS: As of FY2026 Q1, the actual value is USD -0.05, missing the estimate of USD 0.065.
EBIT: As of FY2026 Q1, the actual value is USD 4.4 M.
First Quarter 2026 Consolidated Results
Net Income Attributable to SunCoke Energy, Inc.
SunCoke Energy, Inc. reported a net loss attributable to SunCoke Energy, Inc. of - $4.4 million for the first quarter of 2026, compared to an income of $17.3 million in the prior year period. The consolidated net loss was - $3.4 million for the first quarter of 2026, compared to an income of $19.4 million in the prior year period .
Consolidated Adjusted EBITDA
Consolidated Adjusted EBITDA for the first quarter of 2026 was $56.5 million, a decrease from $59.8 million in the prior year period, primarily due to severe winter weather, lower power sales, and the shutdown of the Haverhill I cokemaking facility, partially offset by the inclusion of Phoenix Global results .
Revenues
Revenues for the first quarter of 2026 increased by $19.1 million to $455.1 million, compared to $436.0 million in the prior year period, mainly driven by the addition of Phoenix Global in the Industrial Services segment .
Operating Cash Flow
Operating cash flow generation was $72.7 million for the first quarter of 2026, compared to $25.8 million in the prior year period .
Operating Expenses
Operating income for the first quarter of 2026 was $4.4 million, a decrease from $30.2 million in the prior year period. Cost of products sold and operating expenses increased to $375.5 million in 2026 from $362.3 million in 2025. Selling, general and administrative expenses rose to $30.3 million in 2026 from $14.7 million in 2025. Depreciation and amortization expense increased to $44.9 million in 2026 from $28.8 million in 2025. Net interest expense was $8.7 million in 2026, up from $5.2 million in 2025. Income tax benefit was - $0.9 million in 2026, compared to an expense of $5.6 million in 2025 .
Capital Expenditures
Capital expenditures were - $17.0 million for the first quarter of 2026, compared to - $4.9 million in the prior year period .
Dividends
SunCoke Energy, Inc. declared a cash dividend of $0.12 per share, representing its 27th consecutive quarterly dividend . Dividends paid were - $10.7 million in the first quarter of 2026, compared to - $10.9 million in the prior year period .
Cash and Cash Equivalents
Cash and cash equivalents at the end of the first quarter of 2026 were $104.4 million, compared to $193.7 million at the end of the first quarter of 2025 .
First Quarter 2026 Segment Results
Domestic Coke Segment
- Revenues: Decreased to $361.7 million in the first quarter of 2026 from $405.8 million in the prior year period, primarily due to lower blast coke sales volumes, lower power sales, and the pass-through of lower coal prices .
- Adjusted EBITDA: Decreased to $35.3 million in the first quarter of 2026 from $49.9 million in the prior year period, mainly due to lower blast coke sales volumes and lower power sales .
- Sales Volumes: Totaled 842 thousand tons in the first quarter of 2026, down from 898 thousand tons in the prior year period .
- Adjusted EBITDA per ton: Was $41.92 in the first quarter of 2026, down from $55.57 in the prior year period .
- Production Volumes: Totaled 806 thousand tons in the first quarter of 2026, down from 905 thousand tons in the prior year period .
- Capacity Utilization: Was 95% in the first quarter of 2026, up from 91% in the prior year period .
Industrial Services Segment
- Revenues: Increased significantly to $85.4 million in the first quarter of 2026 from $22.4 million in the prior year period, primarily driven by the addition of Phoenix Global results .
- Adjusted EBITDA: Increased to $26.2 million in the first quarter of 2026 from $13.7 million in the prior year period, primarily due to the addition of Phoenix Global .
- Terminals handling volumes: Totaled 5,643 thousand tons in the first quarter of 2026, a slight decrease from 5,724 thousand tons in the prior year period .
- Steel customer volumes serviced: Totaled 5,562 thousand tons in the first quarter of 2026, with no comparable volume reported for the prior year period .
Corporate and Other
Corporate and Other Adjusted EBITDA was an expense of - $5.0 million during the first quarter of 2026, compared to an expense of - $3.8 million during the first quarter of 2025, primarily driven by higher employee-related costs .
2026 Outlook
SunCoke Energy, Inc. reaffirms its full-year 2026 Consolidated Adjusted EBITDA guidance range of $230 million to $250 million. The company expects Domestic coke total sales to be approximately 3.4 million tons, and Consolidated Net Income is projected to be between $18 million and $36 million. Capital expenditures are forecast to be between $90 million and $100 million, with operating cash flow estimated between $230 million and $250 million, and net cash tax receipts projected between $8 million and $12 million .
