Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Q1 2026 Earnings Presentation
18 slides from Suncoke Energy's earnings presentation, Apr 30, 2026
Slide 1: SunCoke Energy, Inc. Q1 2026 Earnings Conference Call
SunCoke Energy, Inc. Q1 2026 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 2 This presentation should be reviewed in conjunction with the first quarter 2026 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on April 30, 2026 at 11:00 a.m. ET. This presentation contains “forward-looking statements” (as defined in Sectio
Slide 3: Q1 2026 Highlights
Q1 2026 Highlights 3 3 ✓ Delivered Q1 ‘26 Consolidated Adjusted EBITDA(1) of $56.5M ✓ Declared a cash dividend of $0.12 per share, representing the 27th consecutive quarterly dividend, payable on June 2, 2026 ✓ All spot blast and foundry coke sales finalized for the full year ✓ Generated Q1 ‘26 Oper
Slide 4: Q1 2026 Financial Performance
Q1 2026 Financial Performance 4 4 Q1 2026 Earnings Review • Q1 ‘26 EPS of ($0.05), down $0.25 from the ($/share) ($ in millions) prior year quarter Diluted EPS Adjusted EBITDA(1) ▪ Primarily driven by higher depreciation expense, -$3.3M the shutdown of Haverhill I, severe winter weather, and lower p
Slide 5: Domestic Coke Business Summary
Domestic Coke Business Summary 5 Domestic Coke performance impacted by severe winter weather, Middletown turbine failure, and Haverhill I shutdown Domestic Coke Performance • Delivered Adjusted EBITDA of $35.3M (Coke Production, Kt) in Q1 ‘26 vs $49.9M in Q1 ‘25 $49.9M ▪ Operations impacted by sever
Slide 6: Industrial Services Business Summary
Industrial Services Business Summary 6 Industrial Services performance driven by addition of Phoenix Industrial Services Performance • Delivered Adjusted EBITDA of $26.2M $26.2M in Q1 ‘26 vs $13.7M in Q1 ‘25 $22.7M $18.2M ▪ Primarily driven by addition of $13.7M Phoenix $7.7M ▪ Partially offset by m
Slide 7: Q1 2026 Liquidity
Q1 2026 Liquidity 7 Ended Q1 with ample liquidity of ~$262M; excess cash used for revolver paydown and continued quarterly dividend payment of $0.12 per share (Consolidated) Q1 '26 Revolver Total Debt $667M Availability: Gross Leverage(1) 3.09x $158M Net Leverage(1) 2.61x ($ in millions) ($26.0) Div
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 Expect 2026 Consolidated Adjusted EBITDA(1) of $230M - $250M; 2026 Free Cash Flow(2) of $140M - $150M 2026 Metric Guidance* Adjusted EBITDA Consolidated (1) $230M - $250M Domestic Coke EBITDA $162M - $168M Industrial Services EBITDA $90M - $100M Domestic Coke Sales ~3.4M ton
Slide 12: Coke Facility Capacity and Contract Duration/Volume
Coke Facility Capacity and Contract Duration/Volume 12 12 (1) Contract Contract Facility Capacity Customer Expiry Volume Indiana Harbor 1,220 Kt Cliffs Steel Sep. 2035 Capacity Middletown 550 Kt (2) Cliffs Steel Dec. 2032 Capacity Granite City 650 Kt US Steel Dec. 2026 Capacity(3) Cliffs Steel Dec.
Slide 13: Balance Sheet & Debt Metrics
Balance Sheet & Debt Metrics 13 13 As of As of ($ in millions) 3/31/2026 12/31/2025 Cash $ 104 $ 89 Available Revolver Capacity $ 158 $ 132 Total Liquidity $ 262 $ 221 Gross Debt (Long and Short-term) $ 667 $ 693 Net Debt (Total Debt less Cash) $ 563 $ 604 LTM Adjusted EBITDA $ 216 $ 219 Gross Debt
Slide 14: 2026 Adjusted EBITDA Guidance Reconciliation; Free Cash Flow Guidance Reconciliation
2026 Adjusted EBITDA Guidance Reconciliation 14 14 ($ in millions) Low High Net Income $18 $36 Depreciation and amortization expense 164 160 Interest expense, net 33 37 Income tax expense 8 10 Site closure costs(1) 7 7 Adjusted EBITDA (Consolidated) $230 $250 Free Cash Flow Guidance Reconciliation 2
Slide 15: Net Income to FCF Reconciliation
Net Income to FCF Reconciliation 15 15 2026E ($ in millions) Low End High End Net Income $18 $36 Depreciation and amortization expense 164 160 Interest expense, net 33 37 Income tax expense 8 10 Site closure costs(1) 7 7 Adjusted EBITDA (Consolidated) $230 $250 Cash interest, net (35) (33) Cash taxe
Slide 16: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA 16 16 2025 Q2 2025 Q3 2025 Q4 Year 2025 2026 Q1 ($ in millions) Q1 '25 Q2 '25 Q3 '25 Q4 '25 FY '25 Q1 '26 Net Income $ 19.4 $ 3.5 $ 23.8 $ (85.5) $ (38.8) $ (3.4) Depreciation and amortization expense 28.8 28.6 37.4 58.8 153.6 44.9 Interest expense, net 5.2 5.4 8.4
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 (1) Domestic Coke Industrial Services Corporate ($ in millions, except Adjusted Sales Volumes, Adjusted EBITDA Adjusted Terminals Handling Steel Customer (2) Consolidated and Other
Slide 18: SunCoke Energy
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