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SunCoke Energy, Inc.
2/17/2026
Good day and welcome to the Q4 2025 Suncoke Energy, Inc. Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchtone phone. To withdraw your question, please press star, then 2. Please note, this event is being recorded. I would now like to turn the conference over to Shantanu Agrawal, Vice President, Finance, and Treasurer. Please go ahead, sir.
Thanks, Nick. Good morning, and thank you for joining us this morning to discuss Suncook Energy's fourth quarter and full year 2025 results, as well as 2026 guidance. With me today are Catherine Gates, President and Chief Executive Officer, and Mark Marinko, Senior Vice President and Chief Financial Officer. This conference call is being webcast live on the investor relations section of our website, and a replay will be available later today. Following management's prepared remarks, we'll open the call for Q&A. If we don't get to your questions on the call today, please feel free to reach out to our investor relations team. Before I turn things over to Catherine, Let me remind you that the various remarks we make on today's call regarding future expectations constitute forward-looking statements. The cautionary language regarding forward-looking statements in our SEC filings apply to the remarks we make today. These documents are available on our website as our reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll now turn things over to Catherine.
Thanks, Shantanu. Good morning, and thank you for joining us today. Before we get started, I'd like to congratulate Mark on his previously announced retirement. Mark has been instrumental in guiding Suncoke through critical phases of our evolution, including the recent acquisition of Phoenix, and the entire Suncoke team wishes him the best in his retirement. I would also like to congratulate Shantanu Agarwal on his well-deserved appointment as Chief Financial Officer. Shantanu has acquired deep knowledge of Suncoke's business during his 11 years at the company. He is ideally situated to continue our focus on financial discipline, operational excellence, strategic growth, and creating long-term value for shareholders. I want to share a few highlights from 2025 before I turn it over to Mark to review the results in detail. First, I want to recognize another year with remarkable safety performance. Suncoke, excluding Phoenix, ended the year with a total recordable incident rate of 0.55%, Safety is our first priority, and I'd like to thank all of our employees for their continued commitment to exceptional safety performance. Turning to our financial results, we delivered consolidated adjusted EBITDA of $219.2 million. These results reflect the addition of Phoenix for five months, as well as lower terminals handling volumes driven by market conditions. The domestic Coke segment was impacted by the change in mix of contract and spot Coke sales coupled with lower economics on the Granite City contract extension and the breach of contract by Algoma. We have extended our Granite City coke-making contract with U.S. Steel through December 2026 at similar economics to the 2025 extension. We have also extended our Haverhill II contract with Cleveland Cliffs through December 2028 with key provisions similar to the previous contracts. In addition, we have the new take or pay coal handling agreement at KRT that began in the second quarter of 2025. We will benefit from a full year of that contract in 2026. We also made great progress on our capital allocation priorities in 2025 with the acquisition of Phoenix. The integration is progressing well, and we are excited for the growth potential in this business. In 2025, we also returned approximately $41 million to our shareholders via our quarterly dividend. We expect to continue our quarterly dividend throughout 2026. With that, I'll turn it over to Mark to review our fourth quarter and full year earnings in detail. Mark? Thanks, Kathryn.
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