SunCoke Energy, Inc. (SXC): Business Model Canvas

In der dynamischen Welt der industriellen Energie und Materialien entwickelt sich SunCoke Energy, Inc. (SXC) zu einem zentralen Akteur, der mithilfe eines innovativen und strategisch gestalteten Geschäftsmodells metallurgische Kohle in hochwertigen Koks umwandelt. Durch die nahtlose Integration fortschrittlicher technologischer Prozesse, nachhaltiger Umweltpraktiken und robuster Industriepartnerschaften hat sich SunCoke als wichtiger Lieferant für das globale Ökosystem der Stahlherstellung positioniert und liefert nicht nur ein Produkt, sondern eine umfassende Lösung, die Effizienz, Qualität und ökologische Verantwortung in Einklang bringt.

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit Stahlherstellern

SunCoke Energy unterhält wichtige Partnerschaften mit großen Stahlproduzenten:

Stahlhersteller	Einzelheiten zur Partnerschaft	Jährliches Produktionsvolumen von Koks
ArcelorMittal	Langfristiger Liefervertrag	2,3 Millionen Tonnen Hüttenkoks
Cleveland-Cliffs	Integrierte Produktionsvereinbarung	1,7 Millionen Tonnen Hüttenkoks

Rohstoffpartnerschaft für Kohlelieferanten

Zu den wichtigsten Kohlebeschaffungspartnerschaften gehören:

• Consol Energy: Primärer metallurgischer Kohlelieferant
• Arch Resources: Beschaffungspartner für Sekundärkohle
• Jährlicher Kohleeinkauf: 4,5 Millionen Tonnen

Hersteller von Industrieanlagen

Technologie- und Ausrüstungspartnerschaften:

Gerätehersteller	Technologiefokus	Investitionswert
Metso Corporation	Verkokungstechnik	12,3 Millionen US-Dollar jährliche Investition
Outotec	Verarbeitungsgeräte	Technologiepartnerschaft im Wert von 8,7 Millionen US-Dollar

Logistik- und Transportpartnerschaften

Kooperationen im Vertriebsnetz:

• Norfolk Southern Railway: Primärer Schienentransport
• CSX Transportation: Sekundäre Schienenlogistik
• Jährliches Transportvolumen: 6,2 Millionen Tonnen

Forschungs- und Innovationspartnerschaften

Technologische Entwicklungskooperationen:

Forschungseinrichtung	Forschungsschwerpunkt	Jährliches Forschungsbudget
Carnegie Mellon University	Fortschrittliche metallurgische Prozesse	2,5 Millionen Dollar
Massachusetts Institute of Technology	Nachhaltige Herstellungstechniken	3,1 Millionen US-Dollar

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Hauptaktivitäten

Metallurgische Kohleverkokung und -verarbeitung

SunCoke Energy betreibt 6 Kokereien für metallurgische Kohle mit einer jährlichen Gesamtproduktionskapazität von 5,6 Millionen Tonnen metallurgischem Koks. Mit seiner fortschrittlichen Koksherstellungstechnologie verarbeitet das Unternehmen jährlich etwa 7,5 Millionen Tonnen Kohle.

Standort der Einrichtung	Jährliche Koksproduktionskapazität	Technologietyp
Indiana Harbor, IN	1,8 Millionen Tonnen	Koksbatterie mit Wärmerückgewinnung
Middletown, OH	1,4 Millionen Tonnen	Koksbatterie mit Wärmerückgewinnung

Koksproduktion der Stahlindustrie

SunCoke beliefert große Stahlhersteller mit Koks. Zu den wichtigsten Kunden zählen ArcelorMittal, United States Steel Corporation und Cliffs Natural Resources.

• Liefert jährlich etwa 4,5 Millionen Tonnen Hüttenkoks
• Versorgt 5 integrierte Stahlwerke in den Vereinigten Staaten mit Koks
• Verwendet proprietäre Wärmerückgewinnungs-Koksofentechnologie

Umweltmanagement und Emissionsreduzierung

Das Unternehmen investiert jährlich 12–15 Millionen US-Dollar in Umweltmanagementtechnologien. Ihre Koksofentechnologie mit Wärmerückgewinnung reduziert die CO2-Emissionen im Vergleich zu herkömmlichen Koksproduktionsmethoden um etwa 40 %.

Umweltinvestitionen	Emissionsreduzierung	Compliance-Standards
14,2 Millionen US-Dollar (2023)	40 % CO2-Reduktion	Entspricht dem EPA Clean Air Act

Optimierung der Lieferkette

SunCoke verwaltet eine komplexe Lieferkette, die Kohlebeschaffung, Transport und Kokslieferung umfasst, mit einem geschätzten Logistiknetzwerk, das 12 Bundesstaaten abdeckt.

• Betreibt drei strategische Kohlebeschaffungsregionen
• Verwaltet die Transportlogistik für jährlich 7,5 Millionen Tonnen Kohle
• Unterhält langfristige Lieferverträge mit großen Kohleproduzenten

Wartung und Betrieb von Industrieanlagen

Das Unternehmen unterhält eine hochentwickelte Koksproduktionsinfrastruktur mit einem jährlichen Wartungsbudget von 22 bis 25 Millionen US-Dollar.

Gerätetyp	Wartungsbudget	Betriebseffizienz
Cola-Batterien	24,3 Millionen US-Dollar (2023)	92 % Betriebszeit

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche Kokereien und industrielle Infrastruktur

SunCoke Energy betreibt 5 Kokereianlagen mit einer jährlichen Gesamtproduktionskapazität von 6,1 Millionen Tonnen metallurgischem Koks. Zu den Standorten der Einrichtungen gehören:

Standort	Kapazität (Tonnen/Jahr)
Middletown, OH	1,7 Millionen
Indiana Harbor, IN	2,4 Millionen
Granite City, IL	2,0 Millionen

Proprietäre metallurgische Kohleverarbeitungstechnologien

SunCoke hält mehrere proprietäre Technologien in der Koksproduktion, darunter:

• Jewell Coke™-Technologie
• Design einer Koksofenbatterie mit Wärmerückgewinnung
• Fortschrittliche Emissionskontrollsysteme

Qualifizierte Ingenieure und technische Arbeitskräfte

Im Jahr 2023 beschäftigt SunCoke Energy in seinen gesamten Betrieben etwa 700 Vollzeitkräfte, darunter:

• 62 % technisches und ingenieurwissenschaftliches Personal
• Durchschnittliche Branchenerfahrung von 15 Jahren
• Über 3,5 Millionen US-Dollar werden in die jährliche Mitarbeiterschulung investiert

Langfristige Lieferverträge

Zu den aktuellen Lieferverträgen für metallurgische Kohle gehören:

Partner	Vertragsdauer	Jahresvolumen
ArcelorMittal	2022-2027	2,3 Millionen Tonnen
Cleveland-Cliffs	2023-2028	1,8 Millionen Tonnen

Umfangreiche Industrieanlagen und Maschinen

Gesamtkapitalinvestitionen in Industrieanlagen: 1,2 Milliarden US-Dollar, darunter:

• 35 Koksofenbatterien
• Spezialausrüstung für den Kohleumschlag
• Fortschrittliche Infrastruktur zur Emissionskontrolle

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Wertversprechen

Hochwertiger metallurgischer Koks für die Stahlproduktion

SunCoke Energy produziert jährlich etwa 6,2 Millionen Tonnen metallurgischen Koks. Das Unternehmen betreibt fünf Kokereien mit einer jährlichen Gesamtproduktionskapazität von 4,2 Millionen Tonnen Koks.

Standort der Einrichtung	Jährliche Koksproduktionskapazität	Kunden aus der Stahlindustrie
Indiana Harbor, IN	1,6 Millionen Tonnen	ArcelorMittal
Middletown, OH	1,1 Millionen Tonnen	AK-Stahl
Granite City, IL	1,5 Millionen Tonnen	US-Stahl

Umweltverträgliche Verkokungsprozesse

SunCoke reduziert den CO2-Ausstoß im Vergleich zu herkömmlichen Verkokungsmethoden um 30 %. Die Umweltinvestitionen des Unternehmens in nachhaltige Technologien belaufen sich auf insgesamt 72,3 Millionen US-Dollar.

Zuverlässige und konsistente industrielle Lieferkette

SunCoke gewährleistet eine pünktliche Lieferquote von 98,5 % an Kunden aus der Stahlproduktion. Die Lieferkette des Unternehmens beliefert über 12 große Stahlproduktionsanlagen in ganz Nordamerika.

Kostengünstige Lösungen zur Kohleumwandlung

Das Unternehmen erreicht einen Kohleumwandlungswirkungsgrad von 85 % und erzielt Betriebskosteneinsparungen von 24,7 USD pro Tonne produziertem Koks.

Kostenmetrik	Wert
Kosten für den Kohleeinsatz	110 $ pro Tonne
Cola-Verkaufspreis	220 $ pro Tonne
Bruttomarge	50.2%

Integrierte Energie- und Industriematerialdienstleistungen

SunCoke erwirtschaftet mit integrierten Energie- und Materialdienstleistungen einen Jahresumsatz von 1,2 Milliarden US-Dollar. Das Unternehmen beliefert zahlreiche Industriezweige über die Stahlproduktion hinaus.

• Dienstleistungen zur Stromerzeugung
• Industriegasproduktion
• Systeme zur Rückgewinnung von Nebenprodukten

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Kundenbeziehungen

Langfristige Industrieverträge mit Stahlherstellern

SunCoke Energy unterhält Verträge mit wichtigen Stahlherstellern, darunter ArcelorMittal, United States Steel Corporation und Cliffs Natural Resources. Ab 2023 umfasst das Vertragsportfolio des Unternehmens etwa 4,2 Millionen Tonnen jährliche Koksproduktionskapazität.

Kunde	Vertragsdauer	Jährliches Produktionsvolumen
ArcelorMittal	10-Jahres-Vertrag	1,5 Millionen Tonnen
Stahl der Vereinigten Staaten	8-Jahres-Vertrag	1,2 Millionen Tonnen
Natürliche Ressourcen der Klippen	7-Jahres-Vertrag	1,5 Millionen Tonnen

Technischer Support und Beratungsdienste

SunCoke bietet umfassenden technischen Support mit einem engagierten Team von 42 Ingenieuren und technischen Fachleuten. Das Unternehmen investiert jährlich etwa 3,2 Millionen US-Dollar in die technische Beratung und Support-Infrastruktur.

Maßgeschneiderte Lösungen für die Koksproduktion

Das Unternehmen bietet maßgeschneiderte Koksproduktionslösungen mit an 99,7 % Anpassungsfähigkeit für Industriekunden. Zu den Anpassungsoptionen gehören:

• Spezifische Angaben zum Kohlenstoffgehalt
• Variationen der metallurgischen Qualität
• Größen- und Dichteoptimierung
• Fortschrittliche thermische Verarbeitung

Laufende Leistungs- und Qualitätsüberwachung

SunCoke führt eine strenge Qualitätsüberwachung mit den folgenden Kennzahlen durch:

Qualitätsparameter	Überwachungshäufigkeit	Compliance-Rate
Kohlenstoffgehalt	Stündlich	99.5%
Aschegehalt	Täglich	99.2%
Feuchtigkeitsgehalt	Kontinuierlich	99.8%

Kollaborative technologische Innovationspartnerschaften

SunCoke Energy arbeitet mit sieben Forschungseinrichtungen und Technologiepartnern zusammen und investiert jährlich 4,5 Millionen US-Dollar in gemeinsame technologische Entwicklungsinitiativen. Zu den aktuellen Schwerpunkten der Partnerschaft gehören:

• Fortschrittliche Technologien zur Emissionsreduzierung
• Verbesserungen der Energieeffizienz
• Nachhaltige Koksproduktionsmethoden
• Integration der Kreislaufwirtschaft

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Kanäle

Direkte industrielle Vertriebsteams

Das Direktvertriebsteam von SunCoke Energy konzentriert sich auf die Märkte für industriellen metallurgischen Koks und richtet sich dabei insbesondere an Stahlhersteller.

Vertriebsteam-Metrik	Daten für 2023
Total Industrial Sales Representatives	24
Jährliche Verkaufsabdeckung	Nordamerika, Brasilien
Durchschnittlicher Vertragswert	8,3 Millionen US-Dollar

Online-Beschaffungsplattformen

SunCoke nutzt digitale Beschaffungskanäle für effiziente Kundeninteraktionen.

• Transaktionsvolumen der Online-Plattform: 127,6 Millionen US-Dollar im Jahr 2023
• Kundenbindungsrate der digitalen Plattform: 62 %
• Anzahl registrierter Industriekunden: 86

Branchenkonferenzen und Fachausstellungen

Konferenzteilnahme	2023 Details
Gesamtzahl der besuchten Konferenzen	7
Neue Geschäftskontakte generiert	43
Gesamtinvestition in die Ausstellung	$612,000

Technische Beratungsaufträge

SunCoke bietet spezialisierte technische Beratungsdienste für Industriekunden.

• Beratungsumsatz: 4,2 Millionen US-Dollar im Jahr 2023
• Insgesamt abgeschlossene Beratungsprojekte: 22
• Durchschnittliche Projektdauer: 6,4 Monate

Strategische Geschäftsentwicklungsnetzwerke

Netzwerkmetrik	Daten für 2023
Strategische Partnerschaften	11
Umsatz aus Netzwerkzusammenarbeit	36,7 Millionen US-Dollar
Neue Netzwerkverbindungen	4

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Kundensegmente

Stahlproduzierende Unternehmen

SunCoke Energy beliefert große Stahlhersteller mit Koksproduktionskapazitäten.

Kunde	Jährliche Koksproduktion (Tonnen)	Vertragswert
ArcelorMittal	2,4 Millionen	378 Millionen Dollar
Cleveland-Cliffs	1,8 Millionen	265 Millionen Dollar

Integrierte Stahlproduzenten

Wichtige integrierte Stahlproduzenten im Kundenportfolio von SunCoke:

• US Steel Corporation
• Nucor Corporation
• Steel Dynamics Inc.

Globale Akteure der metallurgischen Industrie

Zu den internationalen metallurgischen Kunden gehören:

Region	Anzahl der Kunden	Gesamtvertragswert
Nordamerika	12	1,2 Milliarden US-Dollar
Europa	5	450 Millionen Dollar

Industrielle Energieverbraucher

SunCoke bietet Energielösungen für Industriesektoren:

• Hochofenbetrieb
• Metallurgische Verarbeitung
• Industrielle Hochtemperaturanwendungen

Große Produktionsunternehmen

Aufschlüsselung nach Fertigungssegmenten:

Industriesektor	Anzahl der Kunden	Jährlicher Umsatzbeitrag
Automobilbau	8	210 Millionen Dollar
Schwermaschinenbau	6	175 Millionen Dollar

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Kostenstruktur

Kosten für die Kohlebeschaffung

Für das Geschäftsjahr 2023 beliefen sich die Kohlebeschaffungskosten von SunCoke Energy auf insgesamt 438,7 Millionen US-Dollar. Das Unternehmen bezog rund 5,2 Millionen Tonnen Hütten- und Kraftwerkskohle von verschiedenen Lieferanten.

Kohletyp	Jährliches Beschaffungsvolumen	Kosten pro Tonne
Metallurgische Kohle	3,6 Millionen Tonnen	82,50 $/Tonne
Kraftwerkskohle	1,6 Millionen Tonnen	45,30 $/Tonne

Wartung von Industrieanlagen

SunCoke Energy stellte im Jahr 2023 87,3 Millionen US-Dollar für die Wartung von Industrieanlagen bereit, was 4,2 % der gesamten Betriebskosten entspricht.

• Wartung der Kokereianlagen: 62,4 Millionen US-Dollar
• Wartung der Logistikinfrastruktur: 24,9 Millionen US-Dollar

Kosten für Arbeitskräfte und technisches Personal

Die gesamten Arbeitskosten für 2023 beliefen sich auf 153,6 Millionen US-Dollar und deckten 1.142 Vollzeitbeschäftigte ab.

Mitarbeiterkategorie	Durchschnittliches Jahresgehalt	Gesamtarbeitskosten
Technisches Personal	$95,000	86,2 Millionen US-Dollar
Verwaltungspersonal	$75,000	67,4 Millionen US-Dollar

Energie- und Verarbeitungsinfrastruktur

Die Kosten für Energie- und Verarbeitungsinfrastruktur beliefen sich im Jahr 2023 auf 212,5 Millionen US-Dollar.

• Stromverbrauch: 48,7 Millionen US-Dollar
• Erdgasverbrauch: 39,2 Millionen US-Dollar
• Betriebskosten der Ausrüstung: 124,6 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

SunCoke Energy investierte im Jahr 2023 16,4 Millionen US-Dollar in Forschung und Entwicklung.

F&E-Schwerpunktbereich	Investitionsbetrag
Verbesserungen der Prozesseffizienz	9,6 Millionen US-Dollar
Umwelttechnologie	6,8 Millionen US-Dollar

SunCoke Energy, Inc. (SXC) – Geschäftsmodell: Einnahmequellen

Verkauf von metallurgischem Koks

Im Jahr 2022 meldete SunCoke Energy ein Verkaufsvolumen von metallurgischem Koks von 4,2 Millionen Tonnen. Der durchschnittlich erzielte Preis für metallurgischen Koks betrug 254 US-Dollar pro Tonne.

Jahr	Verkaufsvolumen von Cola	Durchschnittspreis pro Tonne	Gesamtumsatz
2022	4,2 Millionen Tonnen	$254	1,067 Milliarden US-Dollar

Abwicklung von Serviceverträgen

Die Einnahmen aus Verarbeitungsdienstleistungen beliefen sich im Jahr 2022 auf etwa 215,6 Millionen US-Dollar, wobei die Verträge hauptsächlich Kunden aus der Stahlproduktion betrafen.

Einnahmen aus der Industrieberatung

Die Beratungseinnahmen im Jahr 2022 beliefen sich auf insgesamt 12,3 Millionen US-Dollar und konzentrierten sich auf die Optimierung des Koksproduktionsprozesses.

Technologielizenzgebühren

Die Technologielizenzierung generierte im Jahr 2022 einen Umsatz von 5,7 Millionen US-Dollar, wobei geistiges Eigentum im Zusammenhang mit Koksproduktionstechnologien steht.

Verkauf von Nebenproduktmaterial

Zu den Nebenproduktverkäufen im Jahr 2022 gehörten:

• Verkauf von Kohlenteer: 24,5 Millionen US-Dollar
• Benzolumsatz: 18,2 Millionen US-Dollar
• Andere chemische Nebenprodukte: 9,3 Millionen US-Dollar

Nebenprodukt	Umsatzerlöse 2022
Kohlenteer	24,5 Millionen US-Dollar
Benzol	18,2 Millionen US-Dollar
Andere Chemikalien	9,3 Millionen US-Dollar

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose SunCoke Energy, Inc. (SXC) over alternatives; these are the promises the company makes to its key stakeholders, grounded in its operational reality as of late 2025.

Reliable supply of high-quality coke for blast furnaces

SunCoke Energy, Inc. delivers an essential, high-specification raw material-coke-for blast furnace steel production and foundry cast iron. The company expects its domestic coke production for the full year 2025 to be approximately 3.9 million tons. For the third quarter of 2025 specifically, sales volumes for the Domestic Coke segment were 951,000 tons. The majority of these sales are locked in via long-term, take-or-pay contracts, which is the bedrock of supply stability. For instance, the Granite City cokemaking contract with U.S. Steel is secured through December 31, 2025. SunCoke Energy, Inc. operates facilities across the Americas, including sites in East Chicago, Indiana; Haverhill, Ohio; and Vitória, Brazil, all geared toward meeting customer quality specifications. It's a simple value: consistent, high-spec material when the steel mill needs it.

Environmentally advantaged cokemaking (average asset age ~25 years)

The company's asset base offers a significant environmental and efficiency edge compared to older facilities in the region. SunCoke Energy, Inc.'s cokemaking facilities boast an average age of approximately 24 years, which is substantially younger than the industry average. This modern profile means lower maintenance capital expenditure-projected at only $65 million for 2025-and easier adherence to stringent environmental rules. The technology employed sets the U.S. Environmental Protection Agency's (EPA) Maximum Achievable Control Technology (MACT) standard for heat-recovery cokemaking in the U.S. This translates directly into a superior environmental signature for customers who are increasingly focused on Scope 1 emissions reduction.

Here's a quick comparison of asset age:

Asset Group	Average Age (Years)	Year of Data Reference
SunCoke Energy, Inc. Cokemaking Assets	~24	2025 Guidance/Presentation Data
Other U.S./Canadian Capacity	~43	2025 Guidance/Presentation Data

Stable supply via long-term, take-or-pay contracts

Stability is a key deliverable, especially in commodity-linked businesses. SunCoke Energy, Inc. secures the bulk of its Domestic Coke sales through long-term, take-or-pay agreements with major integrated steelmakers, including Cleveland-Cliffs and U.S. Steel. This structure provides a stable revenue foundation, insulating a significant portion of the business from immediate spot market volatility. The company's full-year 2025 Consolidated Adjusted EBITDA guidance range of $220 million to $225 million is anchored by this contract stability, even while navigating customer-specific challenges, such as a contract breach that deferred approximately 200,000 tons of expected coke sales in Q3 2025.

Diversified, mission-critical industrial services for steelmakers

Beyond coke production, SunCoke Energy, Inc. provides mission-critical logistics and handling services. The Industrial Services segment, bolstered by the August 2025 acquisition of Phoenix Global, handles coal and other aggregates. The logistics terminals, including Convent Marine Terminal (CMT), Lake Terminal, and Kanawha River Terminals (KRT), collectively possess the capacity to mix and/or transload more than 40 million tons of material annually. These services are vital for the inbound supply chain of steelmakers and power customers.

• Handling and mixing of coal and aggregates.
• Transloading services to Gulf Coast, East Coast, and Great Lakes ports.
• Molten slag removal services (post-Phoenix Global acquisition).
• Logistics terminals storage capacity of approximately 3 million tons.

Capturing excess heat for steam or electrical power generation

The heat-recovery technology is a core differentiator, turning a waste product into a revenue stream and efficiency gain. At the East Chicago, Indiana facility, the Waste Heat to Power (WHP) Combined Heat and Power (CHP) system generates power from the coke-making process exhaust. This system produces enough electricity to power over 60,000 homes each year. Specifically, the system recovers waste heat to generate approximately 929,000 lb/hr of steam. This recovered energy offsets roughly 50% of the associated steel plant's process heating needs and about 25% of its power requirements. This fuel-free system lowers emissions, with the East Chicago site reducing CO2 emissions by 515,000 tons annually. The excess steam and electricity generated are sold directly to the customer or the grid.

Finance: draft 13-week cash view by Friday.

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Customer Relationships

SunCoke Energy, Inc. maintains relationships heavily weighted toward long-term agreements, which is key to stabilizing capacity utilization for its cokemaking assets. The majority of coke sales are under long-term, take-or-pay contracts, insulating a significant portion of revenue from global coke price fluctuations.

Formal contract extension negotiations are a recurring, high-stakes activity, particularly with major integrated steel producers. For instance, the cokemaking contract at Granite City with U.S. Steel was extended through the end of 2025. The initial extension agreed upon in late 2024 was through June 30, 2025, supplying 295 thousand tons of coke during that initial six-month term. However, the economics of these extensions can be less favorable; Q3 2025 results specifically noted lower contract extension economics at Granite City impacting Domestic Coke Adjusted EBITDA.

When contract terms are breached, SunCoke Energy, Inc. moves to active legal enforcement. A material breach by a customer, identified as Algoma, resulted in the deferral and storage of approximately 200,000 tons of coke for the 2025 fiscal year. Management confirmed they are pursuing all legal remedies to recover any financial losses incurred from this breach. This single event had a significant, quantifiable impact, causing an unfavorable revision of $70 million to the 2025 free cash flow guidance, pushing the estimate to a range of negative $10 million to 0.

For the Industrial Services and Logistics segments, customer relationships are managed through standardized service delivery, often under contracts with guaranteed revenue structures. The newly integrated Phoenix Global business, acquired on August 1, 2025, operates under long-term contracts featuring contractually guaranteed fixed revenue and pass-through components. The company emphasizes its role as a reliable provider of mission-critical services to steelmaking customers.

Here's a quick look at the recent segment performance that reflects these customer service relationships:

• Domestic Coke sales volumes in Q3 2025 were 951,000 tons.
• Logistics terminals handled combined throughput volumes of 4,800,000 tons in Q2 2025.
• The Logistics segment anticipates similar volumes year-over-year for the 2025 outlook.
• The company declared its 25th consecutive quarterly cash dividend of $0.12 per share for December 1, 2025.

The financial contribution from these customer-facing segments in 2025 shows the diversification benefit:

Segment	Reporting Period	Adjusted EBITDA Amount	Relevant Metric/Volume
Domestic Coke	Q3 2025	$44.0 million	Sales volumes of 951,000 tons
Industrial Services (incl. Phoenix)	Q3 2025	$18.2 million	Up from $13.7 million prior year period
Logistics (Standalone)	Q2 2025	$7.7 million	Handled 4,800,000 tons throughput

The company's overall liquidity position as of September 30, 2025, stood at approximately $206 million, with total debt at $699 million. Finance: draft 13-week cash view by Friday.

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Channels

Direct sales from cokemaking plants to domestic steel producers form the bedrock of SunCoke Energy, Inc.'s revenue generation, primarily through the Domestic Coke segment. This segment includes operations at the Jewell, Indiana Harbor, Haverhill, Granite City, and Middletown plants. For the third quarter of 2025, the Domestic Coke segment recorded revenues of $413.8 million, a decrease from $459.9 million in the prior year period. Sales volumes for this segment in Q3 2025 were 951,000 tons, down from 1,027,000 tons year-over-year. Full-year 2025 Domestic Coke total production is expected to be approximately 3.9 million tons. A key channel relationship is the cokemaking contract at Granite City with U.S. Steel, which was extended through the end of December 31, 2025.

Logistics terminals, specifically the Convent Marine Terminal (CMT) and Kanawha River Terminal (KRT), along with Lake Terminal, serve as critical channels for transloading and export services for coke, coal, steel, power, and other bulk customers. These logistics assets have the collective capacity to mix and transload more than 40 million tons of material annually. In Q2 2025, lower transloading volumes at CMT due to challenging market conditions contributed to a revenue decrease of $5.1 million for the Logistics segment compared to the prior year period. Management's initial full-year 2025 guidance projected Logistics adjusted EBITDA between $45 million and $50 million.

Direct service delivery at customer sites is now significantly bolstered by the Industrial Services segment, which includes the recently acquired Phoenix Global business. SunCoke Energy completed the acquisition of Phoenix Global on August 1, 2025, for $325 million. This channel saw a substantial increase in Q3 2025 revenues, surging to $64.1 million from $21.4 million in Q3 2024, reflecting two months of Phoenix Global results. The acquisition is intended to expand and diversify the customer base and enhance industrial services capabilities for steelmaking customers.

The seaborne market facilitates international coke sales, as SunCoke Energy exports its high-quality product to overseas blast furnace operators. While specific export volumes aren't detailed quarterly, the overall business context shows a shift. The company's Trailing Twelve Month (TTM) revenue as of September 30, 2025, stood at $1.84B. Analyst projections for the full-year 2025 revenue, reflecting challenging spot coke market conditions and an oversupply in the seaborne market, anticipated a decline to $1.56 billion.

Here's a quick look at the financial scale across these channels as of late 2025 data points:

Channel/Segment	Key Metric	Value (Latest Reported/Guidance)
Direct Domestic Coke Sales	Q3 2025 Revenue	$413.8 million
Direct Domestic Coke Sales	Q3 2025 Sales Volume	951,000 tons
Logistics Terminals (CMT, KRT, Lake)	Collective Transload Capacity	More than 40 million tons annually
Logistics Terminals	Initial FY 2025 Logistics Adjusted EBITDA Guidance	$45 million to $50 million
Industrial Services (Post-Acquisition)	Q3 2025 Revenue	$64.1 million
Industrial Services (Post-Acquisition)	Phoenix Global Acquisition Cost	$325 million
Seaborne Market / Total Company	TTM Revenue (as of 9/30/2025)	$1.84B

The primary means of reaching steel producers include:

• Long-term, take-or-pay contracts for blast furnace coke supply.
• Spot market sales for immediate or near-term coke requirements.
• Contract extensions, such as the one with U.S. Steel at Granite City through December 31, 2025.

The logistics operations utilize their terminals to serve multiple end-markets:

• Handling and mixing services for coke and coal.
• Transloading capabilities reaching the Gulf Coast, East Coast, and Great Lakes ports.
• New take-or-pay coal handling agreement execution at Kanawha River Terminal.

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Customer Segments

You're looking at the core customer base for SunCoke Energy, Inc. (SXC) as of late 2025, which is heavily concentrated in the steel and industrial materials sectors. The business model clearly segments its focus across domestic steel, international operations, and growing industrial services.

The company's primary revenue drivers remain tied to the health of the North American steel industry, though the recent acquisition of Phoenix Global is diversifying this exposure into broader industrial services.

Here is a look at the key customer groups and their associated financial scale based on the latest available 2025 figures:

Customer Segment	Primary Service/Product	Relevant 2025 Financial/Operational Data	Period/Context
Domestic blast furnace steel producers	Metallurgical Coke Supply	Domestic Coke Segment Revenue: $413.8 million	Three Months Ended September 30, 2025
Domestic blast furnace steel producers	Metallurgical Coke Supply	Revenue from Cliffs Steel: $250.7 million	Three Months Ended June 30, 2025
Domestic blast furnace steel producers	Metallurgical Coke Supply	Contract extension with U.S. Steel at Granite City through December 31, 2025	As of Q3 2025
Global steel producers requiring on-site industrial services	Industrial Services (including Phoenix Global)	Industrial Services Segment Revenue: $64.1 million	Three Months Ended September 30, 2025
International/Overseas steelmakers	Coke Supply (Brazil Operation)	Brazil Coke Revenues: $7.8 million	Three Months Ended March 31, 2025
Electric utility and other bulk material customers	Logistics (Coal/Aggregate Handling)	Logistics terminals volumes did not recover to expected degree	Three Months Ended September 30, 2025

The core of the business is clearly the supply of coke to domestic producers, which forms the bulk of the company's top line. For instance, the Domestic Coke segment's revenue for the third quarter of 2025 was $413.8 million, despite pressures from contract mix changes.

The company's customer base is further defined by the specific operations serving them:

• Domestic blast furnace steel producers: These customers utilize coke from facilities like Jewell, Indiana Harbor, Haverhill, Granite City, and Middletown plants.
• International/Overseas steelmakers: This group is served partly by the Brazil Coke facility, which operates for an affiliate of ArcelorMittal.
• Foundry producers: These customers use SunCoke Energy, Inc.'s high-quality coke in casted iron manufacturing.
• Electric utility and other bulk material customers: These are served by the Logistics segment, which handles coal and other aggregates at terminals like CMT, Lake Terminal, and KRT.
• Global steel producers requiring on-site industrial services: This is a growing segment, significantly boosted by the August 1, 2025, acquisition of Phoenix Global.

The full-year 2025 outlook reflects the combined customer base, with Domestic Coke production anticipated to be approximately 3.9 million tons, while the consolidated Adjusted EBITDA guidance is set between $220 million and $225 million.

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive SunCoke Energy, Inc.'s operations as of late 2025, especially after integrating the Phoenix Global acquisition and navigating market headwinds.

Cost of products sold (primarily coal and operating expenses)

The primary ongoing cost is the Cost of products sold and operating expenses. For the first six months ended June 30, 2025, these costs decreased compared to the same prior year periods. This decrease was mainly due to lower pricing in the Domestic Coke segment, the impact of the Granite City contract extension economics, and the pass-through of lower coal prices on long-term contracts. The Domestic Coke segment saw revenues decline to $413.8 million in the third quarter of 2025, down from $459.9 million year-over-year, reflecting these underlying cost and pricing pressures.

Here's a look at the operational context influencing these costs, based on Q3 2025 performance:

Metric	Q3 2025 Value (Millions USD)	Comparison Point
Consolidated Adjusted EBITDA	$59.1	Down from $75.3 million in Q3 2024
Domestic Coke Adjusted EBITDA	$44.0	Down from $58.1 million in Q3 2024
Domestic Coke Sales Volumes	951,000 tons	Down from 1,027,000 tons in Q3 2024

Capital expenditures projected at approximately $70 million for 2025

SunCoke Energy, Inc. has a capital-intensive model, requiring significant investment. The latest full-year 2025 projection for capital expenditures is approximately $70 million. This figure was revised from an earlier projection of $65 million.

Selling, General, and Administrative (SG&A) expenses (includes acquisition costs)

What falls under general overhead and administrative costs, often categorized as Corporate and Other, shows fluctuations. You need to account for specific, non-recurring transaction costs as well. The costs related to the Phoenix Global acquisition were a notable expense.

• Corporate and Other expense for the second quarter of 2025 was $7.2 million.
• Corporate and Other expense for the third quarter of 2025 was $3.1 million.
• Transaction costs related to the Phoenix Global acquisition impacted Q2 2025 earnings by $5,200,000.
• Transaction and restructuring costs totaled $7.6 million in the third quarter of 2025.

Debt service and interest expense (following the $325 million Phoenix acquisition)

The acquisition of Phoenix Global was executed for $325 million on a cash-free, debt-free basis. This transaction, funded with cash and revolver borrowing, significantly altered the debt structure. The debt load increased substantially from the end of 2024.

• Total debt stood at $500 million as of Q2 2025.
• Total debt rose to $699 million as of September 30, 2025.
• The Q3 2025 gross leverage ratio was 3.05x, with a net leverage of 2.70x.

Interest expense is a direct function of this higher debt balance, though the exact dollar amount for the full year isn't explicitly stated here.

Costs associated with contract deferrals and legal actions

A major cost factor in the latter half of 2025 stems from a customer contract breach, which necessitates legal action and results in deferred revenue/cash flow. This is a direct, quantifiable hit to expected performance.

• Approximately 200,000 tons of coke sales were deferred due to a customer contract breach.
• This deferral is projected to have an unfavorable impact of $70 million on the full-year 2025 free cash flow guidance.
• The company is actively pursuing enforcement of the contract.

Finance: draft 13-week cash view by Friday.

SunCoke Energy, Inc. (SXC) - Canvas Business Model: Revenue Streams

SunCoke Energy, Inc.'s revenue streams are primarily derived from its Domestic Coke operations, supplemented by its growing Industrial Services segment, which now includes the Phoenix Global business acquired in 2025. The majority of coke sales are secured under long-term, take-or-pay contracts with integrated steelmakers at facilities like Indiana Harbor and Middletown. The Granite City cokemaking contract with U.S. Steel was extended through the end of 2025, albeit at lower economics. The mix of sales has been a key factor, with Q3 2025 results being impacted by an unfavorable mix of contract versus spot coke sales. A significant event impacting 2025 revenue visibility was the deferral of approximately 200,000 tons of blast furnace coke sales due to a breach of contract by a customer, identified as Algoma Steel.

The Industrial Services segment revenue is driven by handling and mixing services for coal and other aggregates at logistics terminals, including Convent Marine Terminal (CMT), Lake Terminal, and Kanawha River Terminals (KRT), plus the newly added mill services from Phoenix Global. In Q3 2025, this segment generated an Adjusted EBITDA of $18.2 million, reflecting two months of Phoenix Global results following its acquisition on August 1, 2025. The Logistics business specifically saw lower transloading volumes at CMT due to market conditions, though the segment is expected to contribute significantly to the full-year outlook.

Specific per-ton throughput fees for logistics and transloading are not explicitly detailed, but the Logistics segment's performance is tied to inbound tons handled. For the second quarter of 2025, the terminals handled combined throughput volumes of 4,800,000 tons. The Domestic Coke segment's revenue performance is also tied to production, with total production expected to be approximately 3.9 million tons for the full year 2025.

The overall financial expectations for the full year 2025 are anchored by the following guidance figures:

Metric	2025 Guidance Range
Consolidated Adjusted EBITDA	$220 million to $225 million
Consolidated Net Income	$48 million and $58 million

The segment-level guidance further breaks down the expected Adjusted EBITDA contribution to the consolidated total:

• Domestic Coke Adjusted EBITDA guidance for 2025 is set between $172 million to $176 million.
• Industrial Services segment guidance for 2025 Adjusted EBITDA is set to $63 million to $67 million.

To give you a snapshot of the segment performance driving these streams in the third quarter of 2025:

• Domestic Coke Adjusted EBITDA was $44 million on sales volumes of 951,000 tons.
• Industrial Services Adjusted EBITDA was $18.2 million.

Finance: draft 13-week cash view by Friday.