SUNCOKE ENERGY, INC. REPORTS FIRST QUARTER 2026 RESULTS (Form 8-K)

SUNCOKE ENERGY, INC. REPORTS FIRST QUARTER 2026 RESULTS

•First quarter 2026 net loss was $3.4 million, compared to income of $19.4 million in the prior year period; first quarter 2026 net loss attributable to SXC was $4.4 million, or $(0.05) per diluted share, compared to income of $17.3 million, or $0.20 per diluted share in the prior year period

•Consolidated Adjusted EBITDA(1) for the quarter was $56.5 million, compared to $59.8 million in the prior year period

•Strong first quarter 2026 Operating Cash Flow generation of $72.7 million

•Declared a cash dividend of $0.12 per share, representing the Company's 27th consecutive quarterly dividend, payable on June 2, 2026

•Reaffirming full-year 2026 Consolidated Adjusted EBITDA(1) guidance range of $230 million - $250 million

LISLE, Ill. (April 30, 2026) - SunCoke Energy, Inc. (NYSE: SXC) today reported results for first quarter 2026, reflecting strong operational execution and cash flows.

"We are pleased with our performance in the first quarter, as we continued our seamless integration of Phoenix and executed on our operating plans," said Katherine Gates, President and CEO of SunCoke Energy, Inc. "Our Industrial Services business continued to perform well and delivered solid quarterly results. As previously discussed, our Domestic Coke segment was impacted by severe winter weather and the Middletown turbine failure during the first quarter. We are currently operating well and expect to make up coke production tons during the balance of the year. Additionally, power production is expected to resume at our Middletown cokemaking facility late in the second quarter," Gates continued, "From a capital allocation perspective, we generated strong operating cash flow, reduced borrowings under our revolver, and paid our quarterly dividend. We are well-positioned to deliver full-year 2026 Consolidated Adjusted EBITDA within our guidance range of $230 million - $250 million."

(1)See definition of Adjusted EBITDA and reconciliation to GAAP elsewhere in this release.

FIRST QUARTER CONSOLIDATED RESULTS

			Three Months Ended March 31,
(Dollars in millions)			2026						2025						Increase (decrease)
Revenues			$	455.1					$	436.0					$	19.1
Net income attributable to SXC			$	(4.4)					$	17.3					$	(21.7)
Adjusted EBITDA(1)			$	56.5					$	59.8					$	(3.3)

(1)See definition of Adjusted EBITDA and reconciliation to United States generally accepted accounting principles ("GAAP") elsewhere in this release.

Revenues in the first quarter of 2026 increased $19.1 million as compared to the same prior year period, primarily driven by the addition of Phoenix Global in the Industrial Services segment, partially offset by lower blast coke sales volumes due to severe winter weather and the shutdown of our Haverhill I cokemaking facility, lower power sales due to the Middletown cokemaking facility turbine failure, and the pass-through of lower coal prices on our long-term, take-or-pay agreements.

Net income attributable to SXC decreased $21.7 million as compared to the same prior year period, primarily driven by higher depreciation and amortization expense as a result of the inclusion of Phoenix Global, the shutdown of our Haverhill I cokemaking facility, severe winter weather, and lower power sales due to the Middletown cokemaking facility turbine failure, partially offset by lower income tax expense.

Adjusted EBITDA decreased $3.3 million as compared to the same prior year period, primarily driven by severe winter weather, lower power sales due to the Middletown cokemaking facility turbine failure, and the shutdown of our Haverhill I cokemaking facility in the Domestic Coke segment, partially offset by the inclusion of Phoenix Global results in the Industrial Services segment.

FIRST QUARTER SEGMENT RESULTS

Domestic Coke

Domestic Coke consists of cokemaking facilities and heat recovery operations at our Jewell, Indiana Harbor, Haverhill II, Granite City and Middletown plants.

			Three Months Ended March 31,
(Dollars in millions, except per ton amounts)			2026						2025						Increase (decrease)
Revenues			$	361.7					$	405.8					$	(44.1)
Adjusted EBITDA(1)			$	35.3					$	49.9					$	(14.6)
Sales volumes (thousands of tons)			842						898						(56)
Adjusted EBITDA per ton(2)			$	41.92					$	55.57					$	(13.65)

(1)See definition of Adjusted EBITDA elsewhere in this release.

(2)Reflects Domestic Coke Adjusted EBITDA divided by Domestic Coke sales volumes.

Revenues in the first quarter of 2026 decreased $44.1 million as compared to the same prior year period, primarily driven by lower blast coke sales volumes due to severe winter weather and the shutdown of our Haverhill I cokemaking facility, lower power sales due to the Middletown cokemaking facility turbine failure, and the pass-through of lower coal prices on our long-term, take-or-pay agreements.

Adjusted EBITDA in the first quarter of 2026 decreased $14.6 million as compared to the same prior year period, primarily driven by lower blast coke sales volumes due to severe winter weather and the shutdown of our Haverhill I cokemaking facility, and lower power sales due to the Middletown cokemaking facility turbine failure.

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Industrial Services

Industrial Services consists of the handling and mixing services of coal and other aggregates at our logistics terminals, including Convent Marine Terminal ("CMT"), Lake Terminal, and Kanawha River Terminals ("KRT"), and fifteen molten slag removal, handling, and processing operating sites in four countries.

			Three Months Ended March 31,
(Dollars in millions, except per ton amounts)			2026						2025						Increase (decrease)
Revenues			$	85.4					$	22.4					$	63.0
Intersegment sales			$	5.5					$	5.6					$	(0.1)
Adjusted EBITDA(1)			$	26.2					$	13.7					$	12.5
Terminals handling volumes (thousands of tons)(2)			5,643						5,724						(81)
Steel customer volumes serviced (thousands of tons)(3)			5,562						-						5,562

(1)See definition of Adjusted EBITDA elsewhere in this release.

(2)Reflects inbound tons handled during the period.

(3)Reflects volumes serviced in the form of slag handling, metal recovery, scrap preparation, and other mill services.

Revenues in the first quarter of 2026 increased $63.0 million as compared to the same prior year period, primarily driven by the addition of Phoenix Global results.

Adjusted EBITDA increased by $12.5 million as compared to the same prior year period, primarily driven by the addition of Phoenix Global, partially offset by the mix of products handled at the terminals.

Corporate and Other

Corporate expenses that can be identified with a segment have been included in determining segment results. The remainder is included in Corporate and Other, which is not a reportable segment, but which also includes licensing and operating fees payable to us under long-term contracts with ArcelorMittal Brazil as well as the expenses related to those operations and activity from our legacy coal mining business.

Corporate and Other Adjusted EBITDA, which includes results from our legacy coal mining business and Brazil cokemaking business, was an expense of $5.0 million during the first quarter of 2026, compared to an expense of $3.8 million during the first quarter of 2025, primarily driven by higher employee related costs.

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2026 OUTLOOK

Our 2026 guidance is as follows:

•Domestic coke total sales are expected to be approximately 3.4 million tons(1)

•Consolidated Net Income is expected to be between $18 million and $36 million

•Consolidated Adjusted EBITDA is expected to be between $230 million and $250 million

•Capital expenditures are projected to be between $90 million and $100 million

•Operating cash flow is estimated to be between $230 million and $250 million

•Net cash tax receipts are projected to be between $8 million and $12 million