SunCoke Energy reported third‑quarter 2025 results with revenue of $487.0 million, net income of $22.2 million, and adjusted EBITDA of $59.1 million. Earnings per share were $0.26, beating the consensus estimate of $0.14.
The Domestic Coke unit generated $413.8 million in revenue and $44.0 million in adjusted EBITDA, while the new Industrial Services segment produced $64.1 million in revenue and $18.2 million in adjusted EBITDA. Phoenix Global operations, added two months into the quarter, contributed a $42.7 million revenue increase to the Industrial Services segment.
Compared with the same quarter last year, revenue fell slightly from $490.1 million to $487.0 million, net income declined from $30.7 million to $22.2 million, and adjusted EBITDA dropped from $75.3 million to $59.1 million. Sequentially, revenue rose from $434.1 million in Q2 2025 to $487.0 million in Q3 2025, but adjusted EBITDA fell from $43.6 million to $59.1 million as the company integrated Phoenix Global’s operations.
SunCoke reaffirmed its full‑year adjusted EBITDA guidance at $220 million–$225 million, unchanged from the earlier range set in Q1 2025. The company also extended its cokemaking contract with U.S. Steel at Granite City through the end of 2025. Phoenix Global was acquired on August 1 2025 for $325 million, and management expects the acquisition to generate $5 million to $10 million in annual synergies and to broaden the customer base to electric arc furnace operators.
Management highlighted the company’s strategic shift from a pure coke producer to a diversified industrial services provider. The Phoenix acquisition expands SunCoke’s reach into international markets and electric arc furnace operations, positioning the company to reduce reliance on the cyclical coke market and pursue new growth opportunities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.