Overview
SunCoke Q3 net income and adjusted EBITDA beat analyst expectations despite yr/yr decline
Company completed acquisition of Phoenix Global, contributing positively to Q3 results
Updated 2025 guidance reflects Phoenix Global integration and coke sales deferral due to breach
Outlook
SunCoke updates full-year 2025 Consolidated Adjusted EBITDA to $220 mln - $225 mln
Company expects 2025 Domestic Coke production of approximately 3.9 mln tons
SunCoke projects 2025 capital expenditures of approximately $70 mln
Result Drivers
PHOENIX GLOBAL ACQUISITION - Acquisition of Phoenix Global contributed positively to Industrial Services segment results
DOMESTIC COKE CHALLENGES - Unfavorable mix of contract and spot coke sales impacted Domestic Coke segment
LOGISTICS VOLUME WEAKNESS - Logistics terminal volumes did not recover as expected due to weak market conditions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | Beat | $22.20 mln | $13.80 mln (2 Analysts) |
Q3 Adjusted EBITDA | Beat | $59.10 mln | $54 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for SunCoke Energy Inc is $12.00, about 31.3% above its November 3 closing price of $8.24
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nBw8fzKfqa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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