SunCoke Energy, Inc. reported a decline in financial performance for the second quarter of 2025, with total revenues of $434.1 million, down from $470.9 million in the same period last year. The company’s net income also fell significantly to $3.5 million, compared to $23.3 million in the prior year, resulting in earnings per share of $0.02, down from $0.25. For the first half of 2025, revenues totaled $870.1 million, a decrease from $959.3 million in the first half of 2024, while net income dropped to $22.9 million from $44.4 million.
The decrease in revenue and profitability was attributed to lower pricing in the Domestic Coke segment, driven by a mix of contracted and non-contracted blast coke sales, as well as unfavorable coal-to-coke yields. The Granite City contract extension also impacted revenue, alongside a pass-through of lower coal prices affecting long-term agreements. Operating income for the second quarter was $9.8 million, down from $34.7 million a year earlier, while Adjusted EBITDA fell to $43.6 million from $63.5 million.
In terms of operational metrics, the Domestic Coke segment reported a capacity utilization rate of 95%, down from 99% in the previous year. Production volumes decreased to 947,000 tons from 978,000 tons, and sales volumes also fell to 943,000 tons from 973,000 tons. The Logistics segment experienced a decline in tons handled, with 4.7 million tons processed compared to 5.9 million tons in the prior year. The company’s total assets decreased to $1.641 billion from $1.668 billion at the end of 2024.
Strategically, SunCoke announced the acquisition of Phoenix Global, a provider of mill services to steel producers, for $325 million, expected to close in the third quarter of 2025. Additionally, the company extended its revolving credit facility to July 2030, reducing its capacity to $325 million. The Granite City long-term agreement with U.S. Steel was also extended through September 2025. Looking ahead, SunCoke anticipates that the One Big Beautiful Bill Act, enacted in July 2025, may positively impact future cash taxes, although the full effects are still being evaluated. The company remains focused on maintaining compliance with its debt covenants and managing its capital expenditures to support ongoing operations.
About SunCoke Energy, Inc.
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