SunCoke Energy, Inc. reported a substantial decline in its second-quarter 2025 financial performance, with net income attributable to SXC dropping to $1.9 million from $21.5 million in the prior year period. Consolidated Adjusted EBITDA decreased by $19.9 million to $43.6 million, primarily due to the timing and mix of contract and spot coke sales, and lower economics from the Granite City contract extension.
Revenues for the quarter were $434.1 million, a decrease of $36.8 million compared to Q2 2024. The Domestic Coke segment's Adjusted EBITDA fell to $40.5 million from $57.9 million, with Adjusted EBITDA per ton decreasing to $42.95 from $59.51. The Logistics segment also experienced a decline, with Adjusted EBITDA decreasing by $4.5 million to $7.7 million due to lower transloading volumes at Convent Marine Terminal.
Despite the weak quarterly results, SunCoke reaffirmed its full-year 2025 Consolidated Adjusted EBITDA guidance of $210 million to $225 million, anticipating a recovery in the second half of the year. The company confirmed that the Phoenix Global acquisition is scheduled to close on August 1, 2025. Additionally, SunCoke updated its 2025 free cash flow guidance to $103 million to $118 million, reflecting transaction costs offset by expected cash tax reductions, and announced the extension of its revolving credit facility to July 2030 with a reduced capacity of $325 million.
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