SunCoke Energy Reports $325M Q2 EBITDA, Completes Phoenix Global Acquisition

SunCoke Energy, Inc. reported a decline in second quarter 2025 net income and revenues, primarily due to the timing and mix of contract and spot coke sales as well as lower volumes in the logistics segment. The company announced its pending acquisition of Phoenix Global, expected to close on August 1, 2025, which is anticipated to expand its customer base and enhance industrial services capabilities, with the transaction being immediately accretive. SunCoke also extended its revolving credit facility to mature in July 2030, providing improved financial flexibility. Institutional investors, including Y Intercept Hong Kong Ltd and Mitsubishi UFJ Asset Management, have recently increased their stakes in SunCoke, reflecting growing investor interest. Despite a 14% share price decline in the last quarter, SunCoke's stock has risen 153% over the past five years, supported by the company's transition to profitability and consistent earnings per share growth. However, recent market sentiment appears cautious as the share price growth has lagged behind EPS growth in the past three years.