SunCoke Energy Reports Strong Q2 Performance, Raises Full-Year Guidance
SunCoke Energy Inc. (SXC) delivered a strong second-quarter performance in fiscal year 2026, driven by improved operating conditions and higher terminal handling volumes following the Phoenix acquisition. The Industrial Services segment achieved its highest adjusted EBITDA since the acquisition, while Domestic Coke operations benefited from favorable coal-to-coke yields. Management confirmed that SunCoke is fully booked for the remainder of the year with long-term contracts in place. The company raised full-year 2026 consolidated adjusted EBITDA guidance to $250 million–$265 million, citing strong first-half momentum and expected insurance recovery proceeds from a turbine outage. Operating cash flow was also increased due to delayed receipts normalizing later in the quarter. Management emphasized maintaining its dividend while paying down debt and pursuing growth opportunities. Despite some headwinds like an unexpected shutdown at Haverhill 1 and rising employee expenses, SunCoke remains optimistic about sustained strong performance across segments. Geopolitical tensions are supporting coal prices and terminal demand.
Tickers: $SXC
Topics: acquisition synergies EBITDA guidance update terminal volumes