SunCoke Energy (SXC)
Market Price (5/20/2026): $7.75 | Market Cap: $663.4 MilSector: Materials | Industry: Steel
SunCoke Energy (SXC)
Market Price (5/20/2026): $7.75Market Cap: $663.4 MilSector: MaterialsIndustry: Steel
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldDividend Yield is 6.2%, FCF Yield is 12% Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Industrial Raw Materials. Themes include Metallurgical Coke Production, Coal Mining for Industrial Use, and Steel Industry Supply Chain. | Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -58% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.7% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9% Key risksSXC key risks include [1] its high dependency on a limited number of major customers, Show more. |
| Attractive yieldDividend Yield is 6.2%, FCF Yield is 12% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Industrial Raw Materials. Themes include Metallurgical Coke Production, Coal Mining for Industrial Use, and Steel Industry Supply Chain. |
| Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -58% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9% |
| Key risksSXC key risks include [1] its high dependency on a limited number of major customers, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Mixed Q1 2026 Financial Results Balancing Operational Headwinds and Diversified Growth.
SunCoke Energy reported a net loss of $3.4 million, or $(0.05) per diluted share, for Q1 2026, falling short of analyst expectations, primarily due to operational disruptions in its Domestic Coke segment. These disruptions stemmed from severe winter weather, the shutdown of the Haverhill I cokemaking facility, and a turbine failure at the Middletown plant, which caused Domestic Coke Adjusted EBITDA per ton to decrease from $55.57 in Q1 2025 to $41.92 in Q1 2026. This negative impact was largely counterbalanced by robust Q1 2026 revenue of $455.1 million, which exceeded analyst estimates, and strong performance from its Industrial Services segment. The Industrial Services segment's Adjusted EBITDA surged to $26.2 million in Q1 2026, up from $13.7 million in the prior year period, significantly boosted by the Phoenix Global acquisition.
2. Reaffirmed Full-Year Guidance and Strong Liquidity Position.
Despite the Q1 net loss, SunCoke Energy's management reaffirmed its full-year 2026 Consolidated Adjusted EBITDA guidance range of $230 million to $250 million, signaling confidence in an operational recovery for the Domestic Coke segment, with power production at Middletown expected to resume late in Q2. The company also demonstrated a strong financial position with $72.7 million in operating cash flow generated in Q1 2026 and a robust liquidity of $262 million, comprising a cash balance of $104.4 million and $158 million in revolver availability. This financial strength contributed to a reduction in total debt to $667.0 million from $693 million at year-end 2025.
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Stock Movement Drivers
Fundamental Drivers
The 1.6% change in SXC stock from 1/31/2026 to 5/19/2026 was primarily driven by a 0.9% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.62 | 7.75 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,843 | 1,856 | 0.7% |
| P/S Multiple | 0.4 | 0.4 | 0.9% |
| Shares Outstanding (Mil) | 86 | 86 | 0.0% |
| Cumulative Contribution | 1.6% |
Market Drivers
1/31/2026 to 5/19/2026| Return | Correlation | |
|---|---|---|
| SXC | 1.6% | |
| Market (SPY) | 6.3% | 14.2% |
| Sector (XLB) | -0.0% | 29.5% |
Fundamental Drivers
The 1.5% change in SXC stock from 10/31/2025 to 5/19/2026 was primarily driven by a 1.1% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.63 | 7.75 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,846 | 1,856 | 0.6% |
| P/S Multiple | 0.4 | 0.4 | 1.1% |
| Shares Outstanding (Mil) | 86 | 86 | -0.1% |
| Cumulative Contribution | 1.5% |
Market Drivers
10/31/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| SXC | 1.5% | |
| Market (SPY) | 8.2% | 24.4% |
| Sector (XLB) | 15.6% | 35.8% |
Fundamental Drivers
The -7.6% change in SXC stock from 4/30/2025 to 5/19/2026 was primarily driven by a -6.1% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.38 | 7.75 | -7.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,883 | 1,856 | -1.4% |
| P/S Multiple | 0.4 | 0.4 | -6.1% |
| Shares Outstanding (Mil) | 86 | 86 | -0.1% |
| Cumulative Contribution | -7.6% |
Market Drivers
4/30/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| SXC | -7.6% | |
| Market (SPY) | 33.8% | 27.6% |
| Sector (XLB) | 19.2% | 38.1% |
Fundamental Drivers
The 17.5% change in SXC stock from 4/30/2023 to 5/19/2026 was primarily driven by a 27.6% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.59 | 7.75 | 17.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,972 | 1,856 | -5.9% |
| P/S Multiple | 0.3 | 0.4 | 27.6% |
| Shares Outstanding (Mil) | 84 | 86 | -2.1% |
| Cumulative Contribution | 17.5% |
Market Drivers
4/30/2023 to 5/19/2026| Return | Correlation | |
|---|---|---|
| SXC | 17.5% | |
| Market (SPY) | 83.3% | 31.4% |
| Sector (XLB) | 29.1% | 41.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SXC Return | 57% | 36% | 30% | 4% | -29% | 11% | 128% |
| Peers Return | 263% | 41% | 59% | -36% | 46% | -14% | 562% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| SXC Win Rate | 58% | 58% | 58% | 50% | 42% | 80% | |
| Peers Win Rate | 60% | 44% | 56% | 35% | 62% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| SXC Max Drawdown | -23% | -40% | -33% | -33% | -38% | -32% | |
| Peers Max Drawdown | -31% | -35% | -37% | -51% | -51% | -40% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CLF, HCC, AMR, METC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/19/2026 (YTD)
How Low Can It Go
| Event | SXC | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -12.0% | -7.8% |
| % Gain to Breakeven | 13.7% | 8.5% |
| Time to Breakeven | 78 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.4% | -6.7% |
| % Gain to Breakeven | 37.8% | 7.1% |
| Time to Breakeven | 62 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -13.1% | -24.5% |
| % Gain to Breakeven | 15.1% | 32.4% |
| Time to Breakeven | 25 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.8% | -33.7% |
| % Gain to Breakeven | 131.4% | 50.9% |
| Time to Breakeven | 260 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.1% | -19.2% |
| % Gain to Breakeven | 51.7% | 23.8% |
| Time to Breakeven | 1530 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -79.4% | -12.2% |
| % Gain to Breakeven | 385.2% | 13.9% |
| Time to Breakeven | 283 days | 62 days |
In The Past
SunCoke Energy's stock fell -12.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | SXC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.4% | -6.7% |
| % Gain to Breakeven | 37.8% | 7.1% |
| Time to Breakeven | 62 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.8% | -33.7% |
| % Gain to Breakeven | 131.4% | 50.9% |
| Time to Breakeven | 260 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.1% | -19.2% |
| % Gain to Breakeven | 51.7% | 23.8% |
| Time to Breakeven | 1530 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -79.4% | -12.2% |
| % Gain to Breakeven | 385.2% | 13.9% |
| Time to Breakeven | 283 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -44.1% | -17.9% |
| % Gain to Breakeven | 78.8% | 21.8% |
| Time to Breakeven | 348 days | 123 days |
In The Past
SunCoke Energy's stock fell -12.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About SunCoke Energy (SXC)
AI Analysis | Feedback
The **Nucor** of industrial coke.
**Albemarle** for coke.
A **Valero Energy** that refines coal into industrial coke.
AI Analysis | Feedback
- Coke (Metallurgical and Thermal): SunCoke Energy is an independent producer of coke, a fuel and reducing agent used primarily in blast furnaces for steelmaking.
- Coal (Metallurgical and Thermal): The company offers both metallurgical and thermal coal to its customers.
- Logistics Services: SunCoke Energy provides handling and/or mixing services to various industrial customers, including steel, coke, electric utility, and coal producing companies.
AI Analysis | Feedback
SunCoke Energy (SXC) primarily sells its products and services to other companies.
Its major customers include:
- U. S. Steel Corporation (NYSE: X)
- Cleveland-Cliffs Inc. (NYSE: CLF)
The major customer for its Brazil Coke segment is not publicly disclosed. Its Logistics segment serves a diversified customer base, including steel, coke, electric utility, coal producing, and other manufacturing-based customers, without specific major individual customers being publicly identified.
AI Analysis | Feedback
```html- United States Steel Corporation (X)
- ArcelorMittal S.A. (MT)
- Cleveland-Cliffs Inc. (CLF)
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Katherine Gates, President and Chief Executive Officer
Katherine Gates became the Chief Executive Officer of SunCoke Energy, Inc. in May 2024, after being appointed as President and a director on SunCoke's Board of Directors in January 2023. Prior to this, she served as SunCoke's Senior Vice President, Chief Legal Officer, and Chief Human Resources Officer from November 2019 until her promotion to President in January 2023. Ms. Gates joined SunCoke in February 2013 as Senior Health, Environment and Safety Counsel and has held leadership positions of increasing responsibility, including General Counsel and Chief Compliance Officer from October 2015 to November 2019. She provides expertise in operations, commercial, legal, regulatory matters, environmental, health, safety, and strategic planning.
Shantanu Agrawal, Senior Vice President and Chief Financial Officer
Shantanu Agrawal was appointed Senior Vice President and Chief Financial Officer, effective March 13, 2026. Mr. Agrawal has over a decade of finance and accounting experience, beginning his career with SunCoke in 2014 as an FP&A Analyst. He has served as Vice President, Finance and Treasurer since 2021, overseeing functions such as budgeting, forecasting, cash management, investor relations, and procurement. He possesses a deep understanding of SunCoke's business and organization.
P. Michael “Mike” Hardesty, Senior Vice President, Commercial Operations, Business Development, Terminals and International Coke
Mike Hardesty joined SunCoke Energy, Inc. in 2011 as Senior Vice President, Sales and Commercial Operations. He has over 30 years of experience in the mining industry. Before joining SunCoke, Mr. Hardesty was Senior Vice President for International Coal Group, Inc. (ICG), where he was responsible for leading the sales and marketing functions and was a key member of the executive management team.
Sarah Albert, Senior Vice President, Chief Legal and Administrative Officer
Sarah Albert joined SunCoke in January 2020 and was appointed Senior Vice President, Chief Legal and Administrative Officer in June 2025. She has 20 years of legal experience and directly oversees SunCoke's Legal, Human Resources, Environmental, Health, and Safety Departments, as well as the company's compliance and government relations work. Prior to her current position, Ms. Albert served as SunCoke's Vice President, Assistant General Counsel, and Chief Compliance Officer since April 2022. Before joining SunCoke, she was a Partner at Beveridge & Diamond law firm, focusing on litigation.
John Quanci, Vice President, Engineering & Technology and Chief Technology Officer
Dr. John Quanci has managed several major engineering and technology organizations both internal and external to the petroleum industry, including those of Mobil Research, Mobil Oil, BP/Mobil, Exxon/Mobil, Rodel, and Rohm and Haas Electronic Materials (now DuPont Electronic Materials). He holds a Ph.D. in Chemical Engineering from Princeton University and is a registered Professional Engineer with over one hundred U.S. and international patents and patent applications.
AI Analysis | Feedback
-
Dependence on the Cyclical Steel Industry and Market Challenges: SunCoke Energy's business is highly susceptible to the cyclical nature of the steel industry, which directly influences the demand and pricing for metallurgical coke, a key product for the company. Persistent weak steel demand, subdued coke sales, and challenging market conditions can lead to declines in revenue and profitability.
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Contractual Risks and Customer Relationships: The company faces significant risks related to its customer contracts, including breaches and unfavorable terms. Recent examples include a breach of contract by Algoma, which is projected to have a notable unfavorable effect on free cash flow, and challenging economics from the Granite City contract extension, which has adversely affected financial results. Additionally, major customers increasing their internal coke production poses a risk to market dynamics and future contract renewals.
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Financial Health and Leverage: SunCoke Energy exhibits warning signs in its financial health, including an Altman Z-Score that suggests potential financial instability. The company also faces financial risks associated with significant debt maturities and potential inflationary pressures that could increase costs. Low trading volume and financial leverage also pose risks to the company.
AI Analysis | Feedback
The emergence and increasing adoption of green steel production technologies, particularly those utilizing hydrogen-based direct reduced iron (H2-DRI), which aim to significantly reduce or eliminate the need for metallurgical coke in primary steelmaking.
AI Analysis | Feedback
SunCoke Energy, Inc. operates in several key addressable markets:
Metallurgical Coke Market
- The global metallurgical coke market was valued at approximately USD 394.09 billion in 2025 and is projected to grow to USD 710.84 billion by 2034.
- In North America, the metallurgical coke market was valued at USD 12 billion in 2024 and is projected to reach USD 16 billion by 2035.
- While a specific market size for Brazil's metallurgical coke was not readily available, the Central & South America metallurgical coke market is expected to grow in the coming years. Brazil was also a major importer of coke in 2023, with a value of USD 1.54 billion.
Thermal Coal Market
- The global thermal coal market was valued at approximately USD 655.89 billion in 2025 and is projected to reach USD 799.11 billion by 2034.
- The United States coal market, which includes thermal coal, was valued at USD 70.35 billion in 2024 and is expected to reach USD 76.94 billion by 2034.
Coal Logistics Market
- The global coal logistics market was valued at US$42.9 billion in 2024 and is projected to reach US$49.3 billion by 2030.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for SunCoke Energy (SXC) over the next 2-3 years:
- Full-Year Contribution and Synergies from Phoenix Global Acquisition: The acquisition of Phoenix Global, completed in 2025, is a significant driver. SunCoke Energy's 2026 guidance includes the full-year impact of Phoenix Global, which is expected to contribute approximately $60 million in annual Adjusted EBITDA, with initial synergy realization of $5 million to $10 million in 2026 and continuing into 2027. This acquisition also diversifies the company into new industrial services and targets the electric arc furnace (EAF) sector, expanding its market reach.
- Improvement in Industrial Services Segment and Terminals Handling Volumes: The Industrial Services segment is projected to show substantial growth, with adjusted EBITDA expected to rise significantly in 2026. This improvement is primarily driven by the full-year contribution from Phoenix Global and an anticipated recovery in market conditions for the company's terminals, with guidance contemplating 24 million tons in terminal handling volume for 2026.
- Extended Contracts and Optimized Domestic Coke Fleet Utilization: SunCoke Energy has secured key contract extensions, including the Granite City coke making contract through December 2026 and the Haverhill II contract through December 2028. The domestic coke fleet is expected to operate at full utilization in 2026, with approximately 3 million tons secured under long-term take-or-pay agreements. The optimization of the coke fleet, following the closure of Haverhill I operations (due to the Algoma contract breach), is also expected to result in a modest increase in domestic coke adjusted EBITDA per ton in 2026 by removing lower-margin tons.
AI Analysis | Feedback
Capital Allocation Decisions (2021-2025 and 2026 Outlook)
Share Issuance
- Between December 31, 2024, and September 30, 2025, SunCoke Energy issued 313,571 shares of common stock, increasing outstanding shares from 99,756,420 to 100,069,991.
Outbound Investments
- In 2025, SunCoke Energy acquired Phoenix Global.
- The net consideration for the Phoenix Global acquisition was $295.8 million.
- SunCoke invested $325 million in the acquisition, utilizing existing cash reserves and a credit line. This acquisition expanded the company's industrial services segment, adding electric arc furnace production and international markets.
Capital Expenditures
- Capital expenditures in 2025 were $66.8 million.
- For 2024, capital expenditures amounted to $72.9 million.
- Capital expenditures in 2023 were approximately $95 million, which included a foundry coke expansion project.
- Expected capital expenditures for 2026 are projected to be between $90 million and $100 million, partly driven by a full year of Phoenix Global's capital expenditure requirements.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to SXC.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | CDE | Coeur Mining | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 03272026 | AXTA | Axalta Coating Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.9% | 5.9% | -2.7% |
| 03272026 | IFF | International Flavors & Fragrances | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.1% | -1.1% | -3.0% |
| 03132026 | IP | International Paper | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -18.3% | -18.3% | -18.3% |
| 03062026 | ARIS | Aris Mining | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.4% | -7.4% | -16.7% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.64 |
| Mkt Cap | 2.3 |
| Rev LTM | 1,856 |
| Op Inc LTM | -32 |
| FCF LTM | -135 |
| FCF 3Y Avg | -4 |
| CFO LTM | 152 |
| CFO 3Y Avg | 364 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.4% |
| Rev Chg 3Y Avg | -5.1% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | -86.4% |
| Op Inc Chg 3Y Avg | -68.5% |
| Op Mgn LTM | -1.5% |
| Op Mgn 3Y Avg | 5.0% |
| QoQ Delta Op Mgn LTM | 1.4% |
| CFO/Rev LTM | 7.2% |
| CFO/Rev 3Y Avg | 10.1% |
| FCF/Rev LTM | -5.3% |
| FCF/Rev 3Y Avg | -0.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.3 |
| P/S | 1.1 |
| P/Op Inc | -5.1 |
| P/EBIT | -9.5 |
| P/E | -10.1 |
| P/CFO | 4.3 |
| Total Yield | -3.7% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 1.7% |
| D/E | 0.6 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.1% |
| 3M Rtn | -2.7% |
| 6M Rtn | 9.1% |
| 12M Rtn | 43.5% |
| 3Y Rtn | 19.8% |
| 1M Excs Rtn | -6.5% |
| 3M Excs Rtn | -9.2% |
| 6M Excs Rtn | -1.1% |
| 12M Excs Rtn | 17.4% |
| 3Y Excs Rtn | -61.9% |
Price Behavior
| Market Price | $7.75 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 07/21/2011 | |
| Distance from 52W High | -6.4% | |
| 50 Days | 200 Days | |
| DMA Price | $6.54 | $7.02 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 18.5% | 10.5% |
| 3M | 1YR | |
| Volatility | 43.3% | 42.1% |
| Downside Capture | 38.16 | 120.78 |
| Upside Capture | 77.53 | 82.22 |
| Correlation (SPY) | 10.2% | 26.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.47 | 0.04 | 0.32 | 0.85 | 0.90 | 0.80 |
| Up Beta | -0.31 | -1.02 | 0.12 | -0.23 | 0.71 | 0.82 |
| Down Beta | -1.05 | 1.51 | 1.31 | 1.38 | 1.10 | 0.75 |
| Up Capture | -12% | 56% | -18% | 81% | 44% | 43% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 25 | 34 | 68 | 124 | 385 |
| Down Capture | -137% | -30% | 54% | 128% | 123% | 98% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 18 | 30 | 55 | 126 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SXC | |
|---|---|---|---|---|
| SXC | -5.7% | 42.0% | -0.02 | - |
| Sector ETF (XLB) | 14.9% | 16.8% | 0.66 | 37.9% |
| Equity (SPY) | 25.0% | 12.1% | 1.55 | 26.5% |
| Gold (GLD) | 40.0% | 26.8% | 1.23 | 15.5% |
| Commodities (DBC) | 49.4% | 18.5% | 2.03 | 17.0% |
| Real Estate (VNQ) | 9.7% | 13.4% | 0.45 | 14.4% |
| Bitcoin (BTCUSD) | -25.6% | 41.9% | -0.59 | 29.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SXC | |
|---|---|---|---|---|
| SXC | 6.0% | 40.3% | 0.26 | - |
| Sector ETF (XLB) | 4.8% | 18.9% | 0.16 | 48.9% |
| Equity (SPY) | 14.2% | 17.0% | 0.65 | 36.0% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 15.0% |
| Commodities (DBC) | 11.0% | 19.4% | 0.45 | 34.9% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.11 | 26.8% |
| Bitcoin (BTCUSD) | 9.4% | 55.6% | 0.38 | 19.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SXC | |
|---|---|---|---|---|
| SXC | 5.9% | 52.8% | 0.32 | - |
| Sector ETF (XLB) | 10.0% | 20.6% | 0.43 | 49.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 42.8% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 6.6% |
| Commodities (DBC) | 8.4% | 17.9% | 0.38 | 34.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 32.0% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | 16.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/17/2026 | -13.9% | -26.4% | -26.3% |
| 11/4/2025 | -17.1% | -16.5% | -16.5% |
| 7/30/2025 | -8.0% | -8.9% | -8.1% |
| 4/30/2025 | -7.6% | -9.2% | -14.6% |
| 1/30/2025 | -3.2% | -1.6% | -7.8% |
| 10/31/2024 | 19.6% | 41.4% | 45.9% |
| 7/31/2024 | 7.6% | -17.8% | -17.5% |
| 5/1/2024 | -4.5% | -0.8% | 1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 13 |
| # Negative | 12 | 13 | 11 |
| Median Positive | 6.8% | 4.4% | 15.1% |
| Median Negative | -3.8% | -8.7% | -8.1% |
| Max Positive | 24.8% | 41.4% | 58.0% |
| Max Negative | -17.1% | -26.4% | -26.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Domestic coke total sales | 3.40 Mil | -12.8% | Lowered | Actual: 3.90 Mil for 2025 | |||
| 2026 Consolidated Net Income | 25.00 Mil | 34.00 Mil | 43.00 Mil | -35.8% | Lowered | Actual: 53.00 Mil for 2025 | |
| 2026 Consolidated Adjusted EBITDA | 230.00 Mil | 240.00 Mil | 250.00 Mil | 7.9% | Higher New | Actual: 222.50 Mil for 2025 | |
| 2026 Capital expenditures | 90.00 Mil | 95.00 Mil | 100.00 Mil | 35.7% | Higher New | Actual: 70.00 Mil for 2025 | |
| 2026 Operating cash flow | 230.00 Mil | 240.00 Mil | 250.00 Mil | 258.2% | Higher New | Actual: 67.00 Mil for 2025 | |
| 2026 Net cash tax receipts | 8.00 Mil | 10.00 Mil | 12.00 Mil | 81.8% | Higher New | Actual: 5.50 Mil for 2025 | |
Prior: Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Domestic Coke total production | 3.90 Mil | -2.5% | Lowered | Guidance: 4.00 Mil for 2025 | |||
| 2025 Consolidated Net Income | 48.00 Mil | 53.00 Mil | 58.00 Mil | 7.1% | Raised | Guidance: 49.50 Mil for 2025 | |
| 2025 Consolidated Adjusted EBITDA | 220.00 Mil | 222.50 Mil | 225.00 Mil | 2.3% | Raised | Guidance: 217.50 Mil for 2025 | |
| 2025 Capital Expenditures | 70.00 Mil | 16.7% | Raised | Guidance: 60.00 Mil for 2025 | |||
| 2025 Operating cash flow | 62.00 Mil | 67.00 Mil | 72.00 Mil | -61.2% | Lowered | Guidance: 172.50 Mil for 2025 | |
| 2025 Cash taxes | 4.00 Mil | 5.50 Mil | 7.00 Mil | -21.4% | Lowered | Guidance: 7.00 Mil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mikhalevsky, Andrei Alexander | Direct | Buy | 3022026 | 5.53 | 5,000 | 27,650 | 38,710 | Form | |
| 2 | Hardesty, Phillip Michael | Senior Vice President | Direct | Buy | 2262026 | 5.83 | 12,500 | 72,872 | 1,741,217 | Form |
| 3 | Marinko, Mark W | SR VP, Chief Financial Officer | Direct | Buy | 2262026 | 5.84 | 10,000 | 58,396 | 419,272 | Form |
| 4 | Hardesty, Phillip Michael | Senior Vice President | Direct | Buy | 11102025 | 6.64 | 12,000 | 79,631 | 1,743,150 | Form |
| 5 | Della, Ratta Ralph M JR | Direct | Buy | 11062025 | 6.86 | 7,288 | 49,996 | 591,970 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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