$SXC

SunCoke Energy, Inc.

CIK:0001514705|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Sales and other operating revenue	$ 475.3	$ 434.1	$ 930.4	$ 870.1
Costs and operating expenses
Cost of products sold and operating expenses	374.9	375.1	750.4	737.4
Selling, general and administrative expenses	31.5	20.6	61.8	35.3
Depreciation and amortization expense	39.9	28.6	84.8	57.4
Total costs and operating expenses	446.3	424.3	897.0	830.1
Operating income	29.0	9.8	33.4	40.0
Interest expense, net	8.5	5.4	17.2	10.6
Income before income tax expense	20.5	4.4	16.2	29.4
Income tax expense	4.9	0.9	4.0	6.5
Net income	15.6	3.5	12.2	22.9
Less: Net income attributable to noncontrolling interests	2.5	1.6	3.5	3.7
Net income attributable to SunCoke Energy, Inc.	$ 13.1	$ 1.9	$ 8.7	$ 19.2
Earnings attributable to SunCoke Energy, Inc. per common share:
Basic (in dollars per share)	$ 0.15	$ 0.02	$ 0.10	$ 0.22
Diluted (in dollars per share)	$ 0.15	$ 0.02	$ 0.10	$ 0.22
Weighted average number of common shares outstanding:
Basic (in shares)	85.7	85.5	85.6	85.5
Diluted (in shares)	85.8	85.6	85.8	85.6

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income	$ 12.2	$ 22.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	84.8	57.4
Deferred income tax expense (benefit)	6.3	(2.5)
Share-based compensation expense	3.1	1.8
Changes in working capital pertaining to operating activities:
Receivables, net	(97.0)	23.2
Inventories	32.7	(34.4)
Accounts payable	(12.5)	(14.8)
Accrued liabilities	13.3	(4.2)
Interest payable	(1.4)	0.0
Income taxes	13.1	(1.1)
Other operating activities	(9.1)	(5.0)
Net cash provided by operating activities	45.5	43.3
Cash Flows from Investing Activities
Capital expenditures	(32.9)	(17.5)
Acquisition of Phoenix Global, net of cash acquired	1.8	0.0
Other investing activities	1.5	0.3
Net cash used in investing activities	(29.6)	(17.2)
Cash Flows from Financing Activities
Proceeds from revolving facility	185.5	0.0
Repayment of revolving facility	(218.0)	0.0
Dividends paid	(20.9)	(21.1)
Cash distribution to noncontrolling interests	(4.4)	(5.2)
Repayment of finance lease liabilities	(3.0)	(0.2)
Other financing activities	(1.1)	(3.0)
Net cash used in financing activities	(61.9)	(29.5)
Net decrease in cash and cash equivalents	(46.0)	(3.4)
Cash and cash equivalents at beginning of period	88.7	189.6
Cash and cash equivalents at end of period	42.7	186.2
Supplemental Disclosure of Cash Flow Information
Interest paid	19.3	12.2
Income taxes paid, net of refunds of $18.7 million and $5.0 million, respectively	$ (15.4)	$ 10.1

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 42.7	$ 88.7
Receivables (net of allowances of $0.2 million and $11.1 million at June 30, 2026 and December 31, 2025, respectively)	209.3	111.5
Inventories	186.1	219.9
Income tax receivable	11.5	24.1
Other current assets	23.5	18.8
Total current assets	473.1	463.0
Properties, plants and equipment (net of accumulated depreciation of $1,574.0 million and $1,497.4 million at June 30, 2026 and December 31, 2025, respectively)	1,148.8	1,202.7
Goodwill	55.3	55.6
Intangible assets, net	42.4	44.0
Deferred charges and other assets	23.6	24.6
Total assets	1,743.2	1,789.9
Liabilities and Equity
Accounts payable	140.5	157.3
Accrued liabilities	69.5	60.8
Interest payable	0.0	1.4
Total current liabilities	210.0	219.5
Long-term debt	653.9	685.5
Accrual for black lung benefits	12.0	11.7
Retirement benefit liabilities	7.0	7.3
Deferred income taxes	196.8	190.3
Asset retirement obligations	18.8	18.1
Long-term financing lease liability	2.5	2.6
Other deferred credits and liabilities	28.7	28.8
Total liabilities	1,129.7	1,163.8
Equity
Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no issued shares at both June 30, 2026 and December 31, 2025	0.0	0.0
Common stock, $0.01 par value. Authorized 300,000,000 shares; issued 100,279,332 and 100,069,991 shares at June 30, 2026 and December 31, 2025, respectively	1.0	1.0
Treasury stock, 15,404,482 shares at both June 30, 2026 and December 31, 2025	(184.0)	(184.0)
Additional paid-in capital	734.2	732.2
Accumulated other comprehensive loss	(5.9)	(4.2)
Retained earnings	40.3	52.3
Total SunCoke Energy, Inc. stockholders’ equity	585.6	597.3
Noncontrolling interest	27.9	28.8
Total equity	613.5	626.1
Total liabilities and equity	$ 1,743.2	$ 1,789.9