Suncoke Energy, Inc. (SXC): Canvas du modèle d'entreprise [Jan-2025 Mise à jour]

Dans le monde dynamique de l'énergie et des matériaux industriels, Suncoke Energy, Inc. (SXC) émerge comme un joueur pivot transformant le charbon métallurgique en coke de haute qualité grâce à un modèle commercial innovant et stratégiquement conçu. En intégrant de manière transparente des processus technologiques avancés, des pratiques environnementales durables et des partenariats industriels robustes, Suncoke s'est positionné comme un fournisseur critique à l'écosystème mondial de la fabrication d'acier, en offrant non seulement un produit, mais une solution complète qui équilibre l'efficacité, la qualité et la responsabilité écologique .

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les fabricants d'acier

Suncoke Energy maintient des partenariats critiques avec les principaux producteurs d'acier:

Fabricant d'acier	Détails du partenariat	Volume annuel de production de coke
Arcelormittal	Contrat d'approvisionnement à long terme	2,3 millions de tonnes de coke métallurgique
Cleveland-Cliffs	Contrat de production intégré	1,7 million de tonnes de coke métallurgique

Partnership de matières premières aux fournisseurs de charbon

Les principaux partenariats d'approvisionnement au charbon comprennent:

• Consol Energy: Fournisseur de charbon métallurgique primaire
• Ressources de l'Arch: partenaire d'approvisionnement au charbon secondaire
• Procure de charbon annuel: 4,5 millions de tonnes

Fabricants d'équipements industriels

Partenariats technologiques et équipements:

Fabricant d'équipements	Focus technologique	Valeur d'investissement
Corporation metso	Technologie de coke	12,3 millions de dollars d'investissement annuel
Outotec	Équipement de traitement	Partenariat technologique de 8,7 millions de dollars

Partenariats de logistique et de transport

Collaborations du réseau de distribution:

• Norfolk Southern Railway: Transport du chemin de fer primaire
• Transport CSX: logistique ferroviaire secondaire
• Volume de transport annuel: 6,2 millions de tonnes

Partenariats de recherche et d'innovation

Collaborations de développement technologique:

Institution de recherche	Focus de recherche	Budget de recherche annuel
Université Carnegie Mellon	Processus métallurgiques avancés	2,5 millions de dollars
Institut de technologie du Massachusetts	Techniques de fabrication durables	3,1 millions de dollars

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: activités clés

Coke et transformation métallurgiques du charbon

Suncoke Energy exploite 6 installations de coke de charbon métallurgiques d'une capacité de production annuelle totale de 5,6 millions de tonnes de coke métallurgique. La société traite environ 7,5 millions de tonnes de charbon par an grâce à sa technologie avancée de fabrication de coke.

Emplacement de l'installation	Capacité de production annuelle de coke	Type de technologie
Indiana Harbor, dans	1,8 million de tonnes	Batterie de coke de récupération de chaleur
Middletown, oh	1,4 million de tonnes	Batterie de coke de récupération de chaleur

Production de coke de l'industrie sidérurgique

Suncoke fournit du coke aux principaux fabricants d'acier, avec des clients clés, notamment ArcelorMittal, United States Steel Corporation et Cliffs Natural Resources.

• Fournit environ 4,5 millions de tonnes de coke métallurgique par an
• Fournit du coke à 5 aciéries intégrées à travers les États-Unis
• Utilise la technologie de récupération de chaleur propriétaire Technologie du four

Gestion de l'environnement et réduction des émissions

La société investit 12 à 15 millions de dollars par an dans les technologies de gestion de l'environnement. Leur technologie de Coke Four de récupération de chaleur réduit les émissions de CO2 d'environ 40% par rapport aux méthodes traditionnelles de production de coke.

Investissement environnemental	Réduction des émissions	Normes de conformité
14,2 millions de dollars (2023)	Réduction de 40% de CO2	EPA Clean Air Act conforme

Optimisation de la chaîne d'approvisionnement

Suncoke gère une chaîne d'approvisionnement complexe impliquant l'approvisionnement en charbon, le transport et la livraison de coke avec un réseau logistique estimé couvrant 12 états.

• Exploite 3 régions stratégiques d'approvisionnement en charbon
• Gère la logistique des transports pour 7,5 millions de tonnes de charbon par an
• Maintient des contrats d'approvisionnement à long terme avec les principaux producteurs de charbon

Entretien et opération des équipements industriels

La société maintient une infrastructure de production de coke sophistiquée avec un budget de maintenance annuel de 22 à 25 millions de dollars.

Type d'équipement	Budget de maintenance	Efficacité opérationnelle
Piles de coke	24,3 millions de dollars (2023)	92% de disponibilité opérationnelle

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: Ressources clés

Installations de coke avancées et infrastructures industrielles

Suncoke Energy exploite 5 installations de cokemaking avec une capacité de production annuelle totale de 6,1 millions de tonnes de coke métallurgique. Les emplacements des installations comprennent:

Emplacement	Capacité (tonnes / an)
Middletown, oh	1,7 million
Indiana Harbor, dans	2,4 millions
Granite City, IL	2,0 millions

Technologies de transformation du charbon métallurgique propriétaire

Suncoke tient Multiples technologies propriétaires dans la production de coke, notamment:

• Technologie Jewell Coke ™
• Conception de batterie de four à coke de récupération de chaleur
• Systèmes de contrôle des émissions avancées

Ingénierie qualifiée et main-d'œuvre technique

En 2023, Suncoke Energy emploie environ 700 professionnels à temps plein dans ses opérations, avec:

• 62% du personnel technique et d'ingénierie
• Expérience moyenne de l'industrie de 15 ans
• Plus de 3,5 millions de dollars investis dans la formation annuelle des employés

Contrats d'approvisionnement à long terme

Les accords actuels d'approvisionnement en charbon métallurgique comprennent:

Partenaire	Durée du contrat	Volume annuel
Arcelormittal	2022-2027	2,3 millions de tonnes
Cleveland-Cliffs	2023-2028	1,8 million de tonnes

Équipement industriel étendu et machinerie

Investissement total en capital dans les actifs industriels: 1,2 milliard de dollars, notamment:

• 35 batteries de four à coke
• Équipement spécialisé de manutention du charbon
• Infrastructure de contrôle des émissions avancées

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: propositions de valeur

Coke métallurgique de haute qualité pour la production d'acier

Suncoke Energy produit environ 6,2 millions de tonnes de coke métallurgique par an. L'entreprise exploite cinq installations de cokemaking avec une capacité de production annuelle totale de 4,2 millions de tonnes de coke.

Emplacement de l'installation	Capacité de production annuelle de coke	Clients de l'industrie sidérurgique
Indiana Harbor, dans	1,6 million de tonnes	Arcelormittal
Middletown, oh	1,1 million de tonnes	Acier AK
Granite City, IL	1,5 million de tonnes	Acier américain

Processus de coking environnementale durable

SunCoke réduit les émissions de CO2 de 30% par rapport aux méthodes de coke traditionnelles. L'investissement environnemental de l'entreprise totalise 72,3 millions de dollars en technologies durables.

Chaîne d'approvisionnement industrielle fiable et cohérente

Suncoke maintient un taux de livraison à temps de 98,5% aux clients de la fabrication d'acier. La chaîne d'approvisionnement de la société dessert plus de 12 grandes installations de production d'acier à travers l'Amérique du Nord.

Solutions de conversion de charbon rentables

La société atteint une efficacité de conversion de charbon de 85%, avec des économies opérationnelles de 24,7 $ la tonne de coke produite.

Métrique coût	Valeur
Coût d'apport de charbon	110 $ la tonne
Prix ​​de vente de coke	220 $ par tonne
Marge brute	50.2%

Services d'énergie et de matériaux industriels intégrés

Suncoke génère 1,2 milliard de dollars de revenus annuels provenant des services intégrés de l'énergie et des matériaux. La société dessert plusieurs secteurs industriels au-delà de la production d'acier.

• Services de production d'électricité
• Production de gaz industriel
• Systèmes de récupération des sous-produits

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: relations avec les clients

Contrats industriels à long terme avec les fabricants d'acier

Suncoke Energy maintient des contrats avec des fabricants d'acier clés, notamment ArcelorMittal, United States Steel Corporation et Cliffs Natural Resources. En 2023, le portefeuille de contrats de la société représente environ 4,2 millions de tonnes de capacité de production annuelle de coke.

Client	Durée du contrat	Volume de production annuel
Arcelormittal	Contrat à 10 ans	1,5 million de tonnes
United States Steel	Contrat de 8 ans	1,2 million de tonnes
Cliffs Ressources naturelles	Contrat de 7 ans	1,5 million de tonnes

Services de support technique et de consultation

Suncoke fournit un soutien technique complet avec une équipe dédiée de 42 professionnels de l'ingénierie et techniques. La société investit environ 3,2 millions de dollars par an en consultation technique et en soutien aux infrastructures.

Solutions de production de coke personnalisées

La société propose des solutions de production de coke sur mesure avec Capacité de personnalisation à 99,7% pour les clients industriels. Les options de personnalisation incluent:

• Spécifications spécifiques du contenu en carbone
• Variations de qualité métallurgique
• Optimisation de la taille et de la densité
• Traitement thermique avancé

Performances continues et surveillance de la qualité

Suncoke met en œuvre une surveillance de qualité rigoureuse avec les mesures suivantes:

Paramètre de qualité	Fréquence de surveillance	Taux de conformité
Teneur en carbone	De temps	99.5%
Contenu des cendres	Tous les jours	99.2%
Niveau d'humidité	Continu	99.8%

Partenariats collaboratifs de l'innovation technologique

Suncoke Energy collabore avec 7 institutions de recherche et partenaires technologiques, investissant 4,5 millions de dollars par an dans des initiatives conjointes de développement technologique. Les domaines actuels du partenariat comprennent:

• Technologies de réduction des émissions avancées
• Améliorations de l'efficacité énergétique
• Méthodes de production de coke durable
• Intégration de l'économie circulaire

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: canaux

Équipes de vente industrielle directes

L'équipe de vente directe de Suncoke Energy se concentre sur les marchés de coke métallurgiques industriels, ciblant spécifiquement les fabricants d'acier.

Métrique de l'équipe de vente	2023 données
Représentants totaux des ventes industrielles	24
Couverture des ventes annuelle	Amérique du Nord, Brésil
Valeur du contrat moyen	8,3 millions de dollars

Plateformes d'approvisionnement en ligne

Suncoke utilise des canaux d'approvisionnement numériques pour des interactions efficaces des clients.

• Volume de transaction de plate-forme en ligne: 127,6 millions de dollars en 2023
• Taux d'engagement client de plateforme numérique: 62%
• Nombre de clients industriels enregistrés: 86

Conférences de l'industrie et expositions commerciales

Participation de la conférence	2023 Détails
Les conférences totales ont assisté	7
Les nouveaux renomches commerciales générées	43
Investissement total de l'exposition	$612,000

Engagements de conseil technique

Suncoke fournit des services de conseil technique spécialisés aux clients industriels.

• Revenus de consultation: 4,2 millions de dollars en 2023
• Projets de conseil totaux terminés: 22
• Durée moyenne du projet: 6,4 mois

Réseaux de développement commercial stratégique

Métrique du réseau	2023 données
Partenariats stratégiques	11
Revenus de collaboration de réseau	36,7 millions de dollars
Nouvelles connexions réseau	4

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: segments de clientèle

Entreprises de fabrication d'acier

Suncoke Energy dessert les principaux fabricants d'acier avec des capacités de production de coke.

Client	Production annuelle de coke (tonnes)	Valeur du contrat
Arcelormittal	2,4 millions	378 millions de dollars
Cleveland-Cliffs	1,8 million	265 millions de dollars

Producteurs d'acier intégrés

Clé des producteurs d'acier intégrés dans le portefeuille de clients de Suncoke:

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

Acteurs mondiaux de l'industrie métallurgique

Les clients internationaux métallurgiques comprennent:

Région	Nombre de clients	Valeur totale du contrat
Amérique du Nord	12	1,2 milliard de dollars
Europe	5	450 millions de dollars

Consommateurs d'énergie industrielle

Suncoke fournit des solutions énergétiques aux secteurs industriels:

• Opérations de haut fourneau
• Traitement métallurgique
• Applications industrielles à haute température

Entreprises de fabrication à grande échelle

Répartition des segments de fabrication:

Secteur de l'industrie	Nombre de clients	Contribution annuelle des revenus
Fabrication automobile	8	210 millions de dollars
Fabrication d'équipement lourd	6	175 millions de dollars

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: Structure des coûts

Frais d'achat de charbon

Pour l'exercice 2023, les coûts d'approvisionnement en charbon de Suncoke Energy ont totalisé 438,7 millions de dollars. La société a obtenu environ 5,2 millions de tonnes de charbon métallurgique et thermique de divers fournisseurs.

Type de charbon	Volume de l'approvisionnement annuel	Coût par tonne
Charbon métallurgique	3,6 millions de tonnes	82,50 $ / tonne
Charbon thermique	1,6 million de tonnes	45,30 $ / tonne

Entretien des installations industrielles

Suncoke Energy a alloué 87,3 millions de dollars pour l'entretien des installations industrielles en 2023, ce qui représente 4,2% du total des dépenses opérationnelles.

• Entretien des installations de création de cokémorphones: 62,4 millions de dollars
• Maintenance des infrastructures logistiques: 24,9 millions de dollars

Coûts de main-d'œuvre et de main-d'œuvre technique

Les dépenses totales de main-d'œuvre pour 2023 étaient de 153,6 millions de dollars, couvrant 1 142 employés à temps plein.

Catégorie des employés	Salaire annuel moyen	Coût total de la main-d'œuvre
Personnel technique	$95,000	86,2 millions de dollars
Personnel administratif	$75,000	67,4 millions de dollars

Infrastructure d'énergie et de traitement

Les coûts d'énergie et d'infrastructure de traitement pour 2023 s'élevaient à 212,5 millions de dollars.

• Consommation d'électricité: 48,7 millions de dollars
• Utilisation du gaz naturel: 39,2 millions de dollars
• Coûts opérationnels de l'équipement: 124,6 millions de dollars

Investissements de recherche et développement

Suncoke Energy a investi 16,4 millions de dollars dans la recherche et le développement en 2023.

Zone de focus R&D	Montant d'investissement
Améliorations de l'efficacité du processus	9,6 millions de dollars
Technologie environnementale	6,8 millions de dollars

Suncoke Energy, Inc. (SXC) - Modèle d'entreprise: Strots de revenus

Ventes de coke métallurgicales

En 2022, Suncoke Energy a signalé un volume de ventes de coke métallurgique de 4,2 millions de tonnes. Le prix moyen réalisé pour le coke métallurgique était de 254 $ la tonne.

Année	Volume de ventes de coke	Prix ​​moyen par tonne	Revenus totaux
2022	4,2 millions de tonnes	$254	1,067 milliard de dollars

Contrats de services de traitement

Les revenus des services de traitement pour 2022 étaient d'environ 215,6 millions de dollars, les contrats servant principalement des clients de fabrication d'acier.

Revenus de conseil industriel

Les revenus de consultation en 2022 ont totalisé 12,3 millions de dollars, en se concentrant sur l'optimisation des processus de production de coke.

Frais de licence de technologie

Les licences technologiques ont généré 5,7 millions de dollars de revenus en 2022, avec une propriété intellectuelle liée aux technologies de production de Coke.

Ventes de matériaux de sous-produit

Les ventes de sous-produits en 2022 comprenaient:

• Ventes de goudron de charbon: 24,5 millions de dollars
• Ventes de benzène: 18,2 millions de dollars
• Autres sous-produits chimiques: 9,3 millions de dollars

Sous-produit	2022 Revenus de vente
Goudron de charbon	24,5 millions de dollars
Benzène	18,2 millions de dollars
Autres produits chimiques	9,3 millions de dollars

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.