Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Q3 2026 Earnings Presentation
18 slides from Suncoke Energy's earnings presentation, Oct 27, 2026
Slide 1: SunCoke Energy, Inc. Q3 2026 Earnings Conference Call
SunCoke Energy, Inc. Q3 2026 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 2 This presentation should be reviewed in conjunction with the third quarter 2026 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on October 27, 2026 at 11:00 a.m. ET (10:00 a.m. CT). This presentation contains “forward-looking statements” (as
Slide 3: Q3 2026 Highlights
Q3 2026 Highlights 3 3 ✓ Delivered strong Q3 ‘26 Consolidated Adjusted EBITDA(1) of $76.9M ✓ Excellent operating performance from our Industrial Services and Domestic Coke segments ✓ Reached a settlement agreement in October 2026 related to our 2025 claim against Algoma Steel ✓ Declared a cash divid
Slide 4: Q3 2026 Financial Performance
Q3 2026 Financial Performance 4 4 Q3 2026 Earnings Review • Q3 ‘26 EPS of $0.25, down $0.01 from the ($/share) ($ in millions) prior year quarter Diluted EPS Adjusted EBITDA(1) ▪ One additional month of Phoenix results and +$17.8 M higher terminals handling volumes -$0.01 ▪ Change in mix of contract
Slide 5: Domestic Coke Business Summary
Domestic Coke Business Summary 5 Domestic Coke results driven by sales mix and strong operational performance Domestic Coke Performance • Delivered Adjusted EBITDA of $51.1M (Coke Production, Kt) in Q3 ‘26 vs $44.0M in Q3 ‘25 ▪ Change in mix of contract/spot coke $51.1M sales $44.0M $42.5M ▪ Favorab
Slide 6: Industrial Services Business Summary
Industrial Services Business Summary 6 Excellent Industrial Services performance driven by one additional month of Phoenix results and higher terminals handling volumes Industrial Services Performance • Delivered Adjusted EBITDA of $32.1M $34.4M in Q3 ‘26 vs $18.2M in Q3 ‘25 $32.1M $26.2M ▪ Reflects
Slide 7: Q3 2026 Liquidity
Q3 2026 Liquidity 7 Ended Q3 with ample liquidity of ~$276M and gross leverage of 2.34x (Consolidated) Q3 '26 Revolver Total Debt $607M Availability: Gross Leverage(1) 2.34x $218M Net Leverage(1) 2.11x ($ in millions) ($53.5) $94.8 Dividend of Includes 2023 Jewell $0.12 per share flood event insuran
Slide 8: 2026 Key Initiatives
2026 Key Initiatives 8 8 Continued Safety and Environmental Excellence • Continue to deliver strong safety and environmental performance Deliver Operational Excellence and Optimize Asset Utilization • Successfully execute on operational and capital plan • Continue to provide reliable, high-quality p
Slide 9: Appendix
APPENDIX )
Slide 10: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES 10 10 In order to assist readers in understanding the core operating results that our management uses to evaluate the business, we describe our non- GAAP measures referenced in this presentation below. In addition to U.S. GAAP measures, this presentation contains certain
Slide 11: 2026 Guidance Summary
2026 Guidance Summary 11 2026 Consolidated Adjusted EBITDA(1) guidance of $250M - $265M; increasing 2026 Free Cash Flow(2) guidance to $180M - $185M 2026 Original 2026 Revised Metric Guidance Guidance* Adjusted EBITDA Consolidated (1) $230M - $250M $250M - $265M Domestic Coke Adjusted EBITDA $162M -
Slide 12: Coke Facility Capacity and Contract Duration/Volume
Coke Facility Capacity and Contract Duration/Volume 12 12 (1) Contract Contract Facility Capacity Customer Expiry Volume Indiana Harbor 1,220 Kt Cliffs Steel Sep. 2035 Capacity Middletown 550 Kt (2) Cliffs Steel Dec. 2032 Capacity Granite City 650 Kt US Steel Dec. 2026 Capacity(3) Cliffs Steel Dec.
Slide 13: Balance Sheet & Debt Metrics
Balance Sheet & Debt Metrics 13 13 As of As of ($ in millions) 9/30/2026 12/31/2025 Cash $ 58 $ 89 Available Revolver Capacity $ 218 $ 132 Total Liquidity $ 276 $ 221 Gross Debt (Long and Short-term) $ 607 $ 693 Net Debt (Total Debt less Cash) $ 549 $ 604 LTM Adjusted EBITDA $ 260 $ 219 Gross Debt /
Slide 14: 2026 Adjusted EBITDA and Free Cash Flow Guidance Reconciliation
2026 Adjusted EBITDA Guidance Reconciliation 14 14 2026E ($ in millions) Low High Net Income $22 $42 Depreciation and amortization expense 172 170 Interest expense, net 34 32 Income tax expense 14 16 Loss on derivative forward contracts 1 1 Restructuring costs(1) 3 2 Transaction costs(2) 1 1 Site cl
Slide 15: 2026 Net Income to FCF Reconciliation
2026 Net Income to FCF Reconciliation 15 15 2026E ($ in millions) Low End High End Net Income $22 $42 Depreciation and amortization expense 172 170 Interest expense, net 34 32 Income tax expense 14 16 Loss on derivative forward contracts 1 1 Restructuring costs(1) 3 2 Transaction costs(2) 1 1 Site c
Slide 16: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA 16 16 2025 Q2 2025 Q3 2025 Q4 Year 2025 2026 Q1 2026 Q2 2026 Q3 ($ in millions) Q1 '25 Q2 '25 Q3 '25 Q4 '25 FY '25 Q1 '26 Q2 '26 Q3 '26 Net Income (loss) $ 19.4 $ 3.5 $ 23.8 $ (85.5) $ (38.8) $ (3.4) $ 15.6 $ 23.8 Depreciation and amortization expense 28.8 28.6 37.4
Slide 17: Adjusted EBITDA and Adjusted EBITDA per ton
Adjusted EBITDA and Adjusted EBITDA per ton 17 17 Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per Ton Domestic Coke Industrial Services (1) Corporate ($ in millions, except Consolidated Adjusted EBITDA Sales Volumes, Adjusted EBITDA Kt per ton Adjusted EBITDA Terminals Handling Vol
Slide 18: SunCoke Energy
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