SunCoke Energy, Inc. (SXC)

The past six months have seen several events impacting SunCoke Energy's stock price. Second-quarter 2025 results showed a decrease in adjusted EBITDA and net income per share due to lower contract coke sales and unfavorable economics. SunCoke Energy completed its acquisition of Phoenix Global for $325 million, expanding its reach but increasing its debt load. Third-quarter 2025 earnings beat analyst expectations, but the stock price fell due to investor concerns over operational challenges and reduced guidance. The company announced a Haverhill Cokemaking Agreement, and insider buying activity was noted. Overall, the company's share price experienced a decline of 21.73% from January 13, 2025, to January 9, 2026.

Demand seasonality for SunCoke Energy's domestic coke products is largely mitigated by long-term, take-or-pay agreements with its customers. These contracts include provisions for the pass-through of costs, which helps insulate the company from commodity price volatility and market demand fluctuations. While the domestic coke segment is relatively stable, the Logistics segment's transloading volumes can be influenced by broader market conditions.

SunCoke Energy, Inc. is an independent producer of metallurgical coke and provides industrial services to the steel and foundry industries. The company produces high-quality metallurgical coke, a crucial raw material for steelmaking and foundry production, using heat-recovery cokemaking technology. SunCoke Energy has diversified into industrial services, including material handling and logistics, offering products and services such as blast furnace coke, foundry coke, thermal coal, and comprehensive logistics services.

SunCoke Energy operates cokemaking facilities in Illinois, Indiana, Ohio, and Virginia in the United States. Internationally, it has cokemaking operations in Vitória, Brazil, and a joint venture in Odisha, India. The company's logistics terminals are strategically located in the Ohio River Valley Basin, providing access to major East Coast, Gulf Coast, and Great Lakes ports, as well as international ports.

SunCoke Energy generally maintains a reputation as a critical partner in the steel value chain and a reliable provider of high-quality industrial services. However, its reputation was likely impacted by a contract breach by a key customer, leading to the deferral of coke sales and reduced guidance. This event, alongside less favorable contract terms for the Granite City operations, could have raised concerns regarding customer relationships and operational stability.

SunCoke Energy has significant institutional ownership, with institutions holding approximately 71.91% to 94% of the company's stock. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., and State Street Corp. Individual insiders own a smaller percentage, around 0.87% to 0.99% of the stock, and notable insider buying activity was reported in November 2025.