Suncoke Energy (SXC) AI Stock Analysis

• Market Cap: $486.83M
• Dividend Yield: 6.72%
• Average Volume (3M): 1.18M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -6.44%
• EPS Growth: -24.68%
• Country: US
• Employees: 1,168
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Coal
• EPS (TTM): -1.00
• Shares Outstanding: 84,665,510
• 10 Day Avg. Volume: 1,695,191
• 30 Day Avg. Volume: 1,177,894
• PEG Ratio: 0.10
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 14.55
• Enterprise Value/Market Cap: 2.24
• Enterprise Value/Revenue: 0.59
• Enterprise Value/Gross Profit: 5.79
• Enterprise Value/Ebitda: 9.98
• 1Y Price Target: $9.00
• Price Target Upside: 58.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.61
• Revenue Forecast (FY): $1.89B

• Rating: 59 Neutral
• Price Target: $6.00 ▲(5.82% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily held back by weakened 2025 profitability, sharp revenue decline, and higher leverage, partially offset by continued positive free cash flow. Guidance and commentary suggest a modest 2026 recovery with planned deleveraging, while valuation is attractive (low P/E and high dividend yield). Technical indicators are broadly neutral, offering limited incremental support.

Positive Factors

Cash generation resilience

SunCoke's ability to generate positive operating and free cash flow even in a loss year is a durable strength. Persistent cash generation supports sustaining the dividend, funding capex, and executing a deleveraging plan without relying solely on external financing, improving long-term financial flexibility.

Industrial Services growth (Phoenix)

The Phoenix Global acquisition materially scales Industrial Services, adding ~$60M incremental EBITDA and targeted synergies. This diversifies revenue away from cyclical domestic coke, builds a more service-oriented, higher‑visibility segment, and should sustainably raise consolidated EBITDA contribution over multi-year horizons.

Contractual customer relationships

Renewals like the Granite City extension and other supply agreements preserve volume visibility and underpin steady revenue. Contractual ties to major steel producers reduce spot exposure, support plant utilization planning, and provide durable revenue baselines for cash flow forecasting and capital allocation.

Negative Factors

Elevated leverage

Leverage increased materially in 2025, eroding financial flexibility. Higher debt levels constrain ability to absorb industry shocks, raise fixed financing costs, and limit optionality for strategic investment. Although management targets deleveraging, elevated leverage remains a medium-term balance-sheet risk.

Sharp profitability deterioration

A steep revenue decline and swing to a net loss reflect structural margin pressure from mix, contract economics and lower volumes. Sustained profitability weakness reduces retained earnings, constrains reinvestment, and heightens reliance on cost controls and non‑recurring items to restore prior margin levels.

Operational and contract disruptions

The Algoma contract breach, permanent Haverhill shutdown and Middletown turbine outage create lasting volume loss, legal uncertainty and higher operating costs. These events led to impairments and one‑time charges and indicate execution and counterparty risks that can suppress cash generation and margins until resolved.

Suncoke Energy Business Overview & Revenue Model

Company Description

SunCoke Energy, Inc. operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers. In addition, it owns and operates five cokemaking facilities in the United States and one cokemaking facility in Brazil. SunCoke Energy, Inc. was founded in 1960 and is headquartered in Lisle, Illinois.

How the Company Makes Money

SunCoke Energy generates revenue primarily through the sale of metallurgical coke to steel manufacturers, which constitutes the bulk of its earnings. The company operates under a long-term contract model, securing stable revenue streams from its customers. Additionally, SunCoke earns income from its coal logistics services, which include the transportation and handling of coal for clients. The company has also expanded its revenue base through the operation of its energy production facilities, selling thermal energy to nearby industrial customers. Strategic partnerships with major steel producers enhance its market position and contribute to consistent cash flow, while ongoing investments in technology and efficiency improvements help to reduce costs and increase margins.

Suncoke Energy Financial Statement Overview

Summary

Financials weakened materially in 2025: revenue declined sharply and results swung to a net loss with meaningful margin compression (income statement weakness). Leverage increased with debt-to-equity rising above 1.0 (balance-sheet risk). Offsetting these pressures, operating cash flow and free cash flow stayed positive, supporting a mid-range score despite deteriorating profitability.

Income Statement

Profitability weakened sharply in the latest annual period: revenue fell meaningfully (down ~31.5%) and the company swung from a solid profit in 2024 to a net loss in 2025. Margins compressed materially versus prior years (gross, operating, and EBITDA margins all lower), indicating less pricing power and/or cost pressure. A key strength is that the business has shown it can generate healthy profits in better environments (2022–2024), but the recent volatility and loss-making year reduce confidence in earnings stability.

Balance Sheet

Leverage moved higher in 2025, with debt rising while equity declined, pushing debt-to-equity above 1.0 (roughly 1.15) from ~0.74 in 2024—an unfavorable shift in financial flexibility. Returns to shareholders also turned negative in 2025 after healthy positive levels in prior years, reflecting the earnings downturn. Offsetting this, equity remains sizable and assets increased year over year, but the trend in leverage and profitability is the main balance-sheet risk.

Cash Flow

Cash generation remains a relative bright spot: operating cash flow stayed positive in 2025 and free cash flow also remained positive, suggesting the company can still generate cash through the cycle. However, cash flow weakened versus 2024 and free cash flow growth was sharply negative, signaling pressure on internally generated funds. Cash flow conversion versus accounting earnings is mixed given the net loss in 2025, but overall cash flow resilience supports a mid-range score.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.84B	1.94B	2.06B	1.97B	1.46B
Gross Profit	130.70M	332.00M	338.60M	367.60M	337.20M
EBITDA	109.20M	270.80M	267.90M	296.20M	243.50M
Net Income	-44.20M	95.90M	57.50M	100.70M	43.40M
Balance Sheet
Total Assets	1.79B	1.67B	1.66B	1.65B	1.62B
Cash, Cash Equivalents and Short-Term Investments	88.70M	189.60M	140.10M	90.00M	63.80M
Total Debt	685.50M	503.50M	492.80M	532.20M	616.80M
Total Liabilities	1.16B	957.20M	1.01B	1.03B	1.08B
Stockholders Equity	597.30M	680.20M	614.20M	585.60M	498.10M
Cash Flow
Free Cash Flow	42.30M	95.90M	139.80M	133.40M	134.50M
Operating Cash Flow	109.10M	168.80M	249.00M	208.90M	233.10M
Investing Cash Flow	-339.20M	-72.30M	-109.20M	-70.20M	-99.30M
Financing Cash Flow	128.80M	-47.00M	-89.70M	-112.50M	-118.40M

Suncoke Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.67
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SXC, the sentiment is Negative. The current price of 5.67 is below the 20-day moving average (MA) of 7.38, below the 50-day MA of 7.44, and below the 200-day MA of 7.54, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 24.21 is Positive, neither overbought nor oversold. The STOCH value of 2.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SXC.

Suncoke Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARLP	77 Outperform	$3.40B	10.94	16.80%	11.05%	-9.45%	-46.37%
BTU	62 Neutral	$4.13B	―	-1.47%	0.96%	-7.21%	-106.39%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HCC	60 Neutral	$4.76B	83.57	2.69%	0.36%	-23.25%	-90.78%
SXC	59 Neutral	$486.83M	-11.21	-6.92%	6.72%	-6.44%	-24.68%
AMR	54 Neutral	$2.32B	-49.18	-2.87%	―	-32.53%	-112.77%
METC	48 Neutral	$1.14B	-30.29	-7.40%	2.83%	-16.99%	-184.02%

Suncoke Energy Corporate Events

SunCoke Energy announces planned board and finance transition

On February 24, 2026, SunCoke Energy, Inc. announced that longtime director Michael W. Lewis, 76, plans to retire from the board at the company’s annual meeting in May 2026 to focus on personal commitments, after serving since 2020 on both the Audit and Governance Committees. The company emphasized that Lewis’s departure stems from no disagreements with management or strategy, while also disclosing that, effective March 13, 2026, Vice President and Controller Karl A. Zabiello will assume the role of principal accounting officer coincident with Shantanu Agrawal becoming Senior Vice President and Chief Financial Officer, signaling a planned, orderly transition in SunCoke’s financial leadership structure.

The most recent analyst rating on (SXC) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Suncoke Energy stock, see the SXC Stock Forecast page.

SunCoke Energy Posts 2025 Loss, Offers 2026 Outlook

On February 17, 2026, SunCoke Energy reported a full-year 2025 net loss attributable to shareholders of $44.2 million, or $0.52 per diluted share, and a fourth-quarter 2025 net loss of $85.6 million, or $1.00 per diluted share, as revenues declined to $1.84 billion for the year and $480.2 million for the quarter versus 2024. Results were pressured by $109.3 million in unfavorable one-time items for 2025, including a non-cash impairment tied to the closure of the Haverhill I cokemaking facility, site closure and restructuring costs related to the Phoenix Global acquisition, weaker economics on the Granite City contract extension, and lower coke sales volumes following a breach of contract by Algoma, partially offset by contributions from Phoenix Global and a tax benefit.

Full-year 2025 consolidated Adjusted EBITDA fell to $219.2 million from $272.8 million in 2024, with fourth-quarter Adjusted EBITDA at $56.7 million, as a shift in the mix between contract and spot coke sales, lower coal-to-coke yields, and reduced Domestic Coke volumes weighed on performance. Despite these headwinds, SunCoke extended key coke supply agreements with U.S. Steel’s Granite City facility through December 2026 and Cleveland-Cliffs’ Haverhill II through December 2028, completed the Phoenix Global acquisition, and maintained strong safety metrics, while projecting 2026 consolidated Adjusted EBITDA of $230 million to $250 million on full utilization of its optimized 3.7-million-ton domestic coke fleet, improved terminal markets, and plans to use excess 2026 cash flow to reduce debt, sustain its dividend, and pursue growth opportunities, signaling an effort to stabilize margins and enhance long-term value for stakeholders.

The most recent analyst rating on (SXC) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Suncoke Energy stock, see the SXC Stock Forecast page.

Suncoke Energy Extends Granite City Cokemaking Agreement

On January 22, 2026, SunCoke Energy, Inc. announced that it had agreed with United States Steel Corporation to extend their Granite City, Illinois cokemaking agreement for one year, covering the period from January 1 to December 31, 2026. Under the extension, SunCoke will produce and deliver approximately 590,000 tons of metallurgical coke to U.S. Steel during 2026 while maintaining its existing minimum steam supply obligations, preserving a key long-term commercial relationship and providing continued volume visibility for SunCoke’s Granite City operations and supply stability for U.S. Steel.

The most recent analyst rating on (SXC) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Suncoke Energy stock, see the SXC Stock Forecast page.

SunCoke Energy Announces CFO Retirement and Successor Appointment

On January 15, 2026, SunCoke Energy, Inc. announced that long-serving Chief Financial Officer Mark W. Marinko will retire effective March 13, 2026, after playing a key role in major phases of the company’s evolution, including the acquisition of Phoenix Global Services. As part of a planned leadership succession, the board unanimously appointed current Vice President, Finance and Treasurer, Shantanu Agrawal, who joined SunCoke in 2014 and has led core finance and treasury functions, to assume the role of Senior Vice President and Chief Financial Officer on March 13, 2026, with compensation aligned to executive benchmarks; the company emphasized that his deep knowledge of SunCoke’s operations is expected to support a smooth transition, continued financial discipline and execution of its growth strategy, signaling stability for investors and other stakeholders.

The most recent analyst rating on (SXC) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Suncoke Energy stock, see the SXC Stock Forecast page.