7/30/2026

speaker
Operator
Conference Operator

Hello and welcome to the SunCoke Energy's second quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, simply press star one again. We'll now turn the conference over to Sharon Doyle, Investor Relations Manager. Please go ahead.

speaker
Sharon Doyle
Investor Relations Manager

Thank you. Good morning and thank you for joining us this morning to discuss SunCoke Energy's Second Quarter 2026 Results. With me today are Katherine Gates, President and Chief Executive Officer, and Shantanu Agrawal, 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 will open the call for Q&A. If we do not 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 Katherine, 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 are reconciliations to non-GAAP financial measures discussed on today's call. With that, I'll now turn things over to Katherine.

speaker
Katherine Gates
President and Chief Executive Officer

Thanks, Sharon. Good morning, and thank you for joining us on today's call. This morning, we announced SunCoke Energy's second quarter results. I want to share a few highlights before turning it over to Shantanu to discuss the results in detail. We're very pleased with our second quarter results, with strong consolidated adjusted EBITDA of $69.6 million. Our industrial services segment delivered the highest adjusted EBITDA since the acquisition of Phoenix, with substantially higher handling volumes at our terminals as compared to the prior year period. Our domestic coke segment benefited from favorable coal-to-coke yields, and the Middletown turbine was returned to service, with power production resuming in May. Earlier today, we also announced a quarterly dividend of 12 cents per share, payable to shareholders on September 2, 2026. This is our 28th consecutive quarterly dividend. While the dividend is evaluated on a quarterly basis by our board, We expect the dividend to continue as part of our well-balanced capital allocation strategy. As previously discussed in our first quarter earnings call, we are running at full capacity and sold out for the full year. We expect continued strong operating performance for both business segments, and with a solid outlook through the second half of the year, we are increasing our full year 2026 consolidated adjusted EBITDA guidance range to $250 to $265 million. With that, I'll turn it over to Shantanu to review our second quarter earnings in detail. Shantanu?

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