SunCoke Energy, Inc. reported a net loss of $3.4 million for the first quarter of 2026, a significant decline from the net income of $19.4 million recorded in the same period of 2025. The company's revenues increased to $455.1 million, up from $436.0 million year-over-year, primarily driven by the inclusion of results from its recent acquisition of Flame Aggregator, LLC. However, the overall financial performance was adversely affected by operational challenges, including the shutdown of the Haverhill I cokemaking facility and lower energy revenues due to a turbine failure at the Middletown facility.
Total costs and operating expenses rose to $450.7 million in the first quarter of 2026, compared to $405.8 million in the prior year. This increase was attributed to higher costs of products sold and operating expenses, which amounted to $375.5 million, up from $362.3 million. Additionally, selling, general, and administrative expenses surged to $30.3 million, reflecting the costs associated with the Phoenix Global acquisition and the Haverhill I shutdown. Depreciation and amortization expenses also increased significantly to $44.9 million from $28.8 million, further impacting profitability.
In terms of operational metrics, SunCoke's Domestic Coke segment reported a decrease in production volumes to 806,000 tons, down from 905,000 tons in the previous year. The segment's sales volumes also fell to 842,000 tons from 898,000 tons. Conversely, the Industrial Services segment saw a substantial increase in sales and other operating revenues, which rose to $85.4 million from $22.4 million, largely due to the integration of Phoenix Global's operations. The company’s total Adjusted EBITDA for the quarter was $56.5 million, a decrease from $59.8 million in the prior year.
Looking ahead, SunCoke Energy anticipates continued challenges due to market conditions and operational disruptions. The company is focused on stabilizing its operations following the Haverhill I shutdown and optimizing the integration of Phoenix Global into its existing business structure. Management remains committed to maintaining compliance with debt covenants and expects to leverage its recent acquisition to enhance its service offerings in the industrial sector. The company has declared a cash dividend of $0.12 per share, reflecting its ongoing commitment to returning value to shareholders despite the current financial challenges.
About SunCoke Energy, Inc.
SunCoke Energy is a leading independent producer of high-quality coke used in steelmaking and foundries. It operates cokemaking facilities in the U.S. and Brazil, providing long-term supply agreements, and owns a logistics business for material handling and transloading services. The company emphasizes advanced, environmentally friendly heat recovery technology, safety, and long-term customer relationships in the steel and industrial markets.
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