B. Riley lowered the firm’s price target on SunCoke Energy (SXC) to $10 from $11 and keeps a Neutral rating on the shares. SunCoke Energy reported Q3 adjusted EBITDA of $59.1M, exceeding estimates, driven by strong Industrial Services performance and a $10M contribution from Phoenix Global, the analyst tells investors in a research note. While logistics and Domestic Coke volumes fell short, the company raised 2025 Industrial Services EBITDA guidance to $63M-$67M and overall 2025 adjusted EBITDA to $220M-$225M, supported by Phoenix contributions and expected synergies, offset by anticipated one-time integration costs, the firm says.
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Read More on SXC:
- SunCoke Energy Reports Q3 2025 Earnings and Updates
- SunCoke Energy’s Earnings Call: Progress Amid Challenges
- SunCoke Energy Reports Q3 Results and Phoenix Global Acquisition
- SunCoke Energy reports Q3 EPS 26c vs.36c last year
- SunCoke Energy narrows FY25 adjusted EBITDA view to $220M-$225M from $210M-$225M