Suncoke Energy, Inc. (SXC): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico de energia e materiais industriais, a Suncoke Energy, Inc. (SXC) surge como um jogador fundamental que transforma o carvão metalúrgico em coque de alta qualidade por meio de um modelo de negócios inovador e estrategicamente criado. Ao integrar perfeitamente processos tecnológicos avançados, práticas ambientais sustentáveis ​​e parcerias industriais robustas, Suncoke se posicionou como um fornecedor crítico do ecossistema global de fabricação de aço, fornecendo não apenas um produto, mas uma solução abrangente que equilibra a eficiência, a qualidade e a responsabilidade ecológica .

Suncoke Energy, Inc. (SXC) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com fabricantes de aço

A Suncoke Energy mantém parcerias críticas com os principais produtores de aço:

Fabricante de aço	Detalhes da parceria	Volume anual de produção de coque
ArcelorMittal	Contrato de fornecimento de longo prazo	2,3 milhões de toneladas de coca metalúrgica
Cleveland-Cliffs	Contrato de produção integrado	1,7 milhão de toneladas de coca metalúrgica

Parceria de matérias -primas de fornecedores de carvão

As principais parcerias de compras de carvão incluem:

• Consol Energy: Fornecedor de carvão metalúrgico primário
• Recursos de arco: Parceiro de compras secundárias de carvão
• Aquisição anual de carvão: 4,5 milhões de toneladas

Fabricantes de equipamentos industriais

Parcerias de tecnologia e equipamentos:

Fabricante de equipamentos	Foco em tecnologia	Valor de investimento
Metso Corporation	Tecnologia de coque	US $ 12,3 milhões de investimento anual
Outotec	Equipamento de processamento	Parceria tecnológica de US $ 8,7 milhões

Parcerias de logística e transporte

Colaborações de rede de distribuição:

• Norfolk Southern Railway: transporte ferroviário primário
• Transporte CSX: Logística Rail Secundária
• Volume anual de transporte: 6,2 milhões de toneladas

Parcerias de pesquisa e inovação

Colaborações de desenvolvimento tecnológico:

Instituição de pesquisa	Foco na pesquisa	Orçamento de pesquisa anual
Universidade Carnegie Mellon	Processos metalúrgicos avançados	US $ 2,5 milhões
Instituto de Tecnologia de Massachusetts	Técnicas de fabricação sustentáveis	US $ 3,1 milhões

Suncoke Energy, Inc. (SXC) - Modelo de Negócios: Atividades -chave

Coque e processamento metalúrgico de carvão

A Suncoke Energy opera 6 instalações de coque de carvão metalúrgicas, com uma capacidade anual de produção anual de 5,6 milhões de toneladas de coque metalúrgico. A empresa processa aproximadamente 7,5 milhões de toneladas de carvão anualmente por meio de sua tecnologia avançada de fabricação de coca -cola.

Localização da instalação	Capacidade anual de produção de coque	Tipo de tecnologia
Porto de Indiana, IN	1,8 milhão de toneladas	Bateria de coca de recuperação de calor
Middletown, Oh	1,4 milhão de toneladas	Bateria de coca de recuperação de calor

Produção de coque da indústria siderúrgica

A Suncoke fornece a Coca -Cola aos principais fabricantes de aço, com clientes -chave, incluindo ArcelorMittal, United States Steel Corporation e Cliffs Natural Resources.

• Fornece aproximadamente 4,5 milhões de toneladas de coca metalúrgica anualmente
• Fornece coca para 5 fábricas de aço integradas nos Estados Unidos
• Usa a tecnologia proprietária de recuperação de calor de recuperação de calor

Gestão ambiental e redução de emissões

A empresa investe US $ 12 a 15 milhões anualmente em tecnologias de gestão ambiental. Sua tecnologia de recuperação de coca -cola de recuperação de calor reduz as emissões de CO2 em aproximadamente 40% em comparação com os métodos tradicionais de produção de coque.

Investimento ambiental	Redução de emissões	Padrões de conformidade
US $ 14,2 milhões (2023)	40% de redução de CO2	EPA Clean Air Act Compatia

Otimização da cadeia de suprimentos

A Suncoke gerencia uma complexa cadeia de suprimentos envolvendo fornecimento de carvão, transporte e entrega de coca -coca -cola com uma rede de logística estimada cobrindo 12 estados.

• Opera 3 regiões estratégicas de fornecimento de carvão
• Gerencia a logística de transporte por 7,5 milhões de toneladas de carvão anualmente
• Mantém contratos de fornecimento de longo prazo com os principais produtores de carvão

Manutenção e operação de equipamentos industriais

A empresa mantém uma infraestrutura sofisticada de produção de Coca-Cola com um orçamento anual de manutenção de US $ 22-25 milhões.

Tipo de equipamento	Orçamento de manutenção	Eficiência operacional
Baterias de Coca -Cola	US $ 24,3 milhões (2023)	92% de tempo de atividade operacional

SunCoke Energy, Inc. (SXC) - Modelo de negócios: Recursos -chave

Instalações de coque avançada e infraestrutura industrial

A Suncoke Energy opera 5 instalações de co -fabricação, com capacidade anual de produção anual de 6,1 milhões de toneladas de coca metalúrgica. Os locais das instalações incluem:

Localização	Capacidade (toneladas/ano)
Middletown, Oh	1,7 milhão
Porto de Indiana, IN	2,4 milhões
Cidade de Granito, IL	2,0 milhões

Tecnologias de processamento de carvão metalúrgico proprietário

Sucoke segura Múltiplas tecnologias proprietárias na produção de coca, incluindo:

• Tecnologia Jewell Coke ™
• Design da bateria do forno de recuperação de recuperação de calor
• Sistemas avançados de controle de emissões

Engenharia qualificada e força de trabalho técnica

A partir de 2023, a Suncoke Energy emprega aproximadamente 700 profissionais em período integral em suas operações, com:

• 62% da equipe técnica e de engenharia
• Experiência média do setor de 15 anos
• Mais de US $ 3,5 milhões investidos em treinamento anual de funcionários

Contratos de fornecimento de longo prazo

Os acordos atuais de fornecimento de carvão metalúrgico incluem:

Parceiro	Duração do contrato	Volume anual
ArcelorMittal	2022-2027	2,3 milhões de toneladas
Cleveland-Cliffs	2023-2028	1,8 milhão de toneladas

Extensos equipamentos e máquinas industriais

Investimento total de capital em ativos industriais: US $ 1,2 bilhão, incluindo:

• 35 baterias de forno de coque
• Equipamento especializado em manuseio de carvão
• Infraestrutura de controle de emissões avançadas

Suncoke Energy, Inc. (SXC) - Modelo de negócios: proposições de valor

Coca-Cola metalúrgica de alta qualidade para produção de aço

A SunCoke Energy produz aproximadamente 6,2 milhões de toneladas de coca metalúrgica anualmente. A Companhia opera cinco instalações de co -fabricação com capacidade total de produção anual de 4,2 milhões de toneladas de Coca -Cola.

Localização da instalação	Capacidade anual de produção de coque	Clientes do setor siderúrgico
Porto de Indiana, IN	1,6 milhão de toneladas	ArcelorMittal
Middletown, Oh	1,1 milhão de toneladas	AK AÇO
Cidade de Granito, IL	1,5 milhão de toneladas	Aço dos EUA

Processos de coque ambientalmente sustentáveis

O Suncoke reduz as emissões de CO2 em 30% em comparação com os métodos tradicionais de cofre. O investimento ambiental da empresa totaliza US $ 72,3 milhões em tecnologias sustentáveis.

Cadeia de suprimentos industrial confiável e consistente

A Suncoke mantém uma taxa de entrega de 98,5% no tempo para clientes de fabricação de aço. A cadeia de suprimentos da empresa atende a mais de 12 principais instalações de produção de aço em toda a América do Norte.

Soluções de conversão de carvão econômicas

A empresa atinge a eficiência de conversão de carvão de 85%, com economia de custos operacionais de US $ 24,7 por tonelada de coca -cola produzida.

Métrica de custo	Valor
Custo de entrada de carvão	US $ 110 por tonelada
Preço de venda de Coca -Cola	US $ 220 por tonelada
Margem bruta	50.2%

Serviços integrados de energia e material industrial

A Suncoke gera US $ 1,2 bilhão em receita anual a partir de serviços integrados de energia e materiais. A empresa atende a vários setores industriais além da produção de aço.

• Serviços de geração de energia
• Produção de gás industrial
• Sistemas de recuperação de subprodutos

Suncoke Energy, Inc. (SXC) - Modelo de negócios: Relacionamentos do cliente

Contratos industriais de longo prazo com fabricantes de aço

A Suncoke Energy mantém contratos com os principais fabricantes de aço, incluindo ArcelorMittal, United States Steel Corporation e Recursos Naturais de Cliffs. A partir de 2023, a carteira de contratos da empresa representa aproximadamente 4,2 milhões de toneladas de capacidade anual de produção de coque.

Cliente	Duração do contrato	Volume anual de produção
ArcelorMittal	Contrato de 10 anos	1,5 milhão de toneladas
Aço dos Estados Unidos	Contrato de 8 anos	1,2 milhão de toneladas
Cliffs Recursos naturais	Contrato de 7 anos	1,5 milhão de toneladas

Serviços de suporte técnico e consulta

A Suncoke fornece suporte técnico abrangente com uma equipe dedicada de 42 profissionais de engenharia e técnicos. A empresa investe aproximadamente US $ 3,2 milhões anualmente em consulta técnica e infraestrutura de suporte.

Soluções personalizadas de produção de coque

A empresa oferece soluções de produção de coca -cola personalizadas com 99,7% de capacidade de personalização para clientes industriais. As opções de personalização incluem:

• Especificações específicas de conteúdo de carbono
• Variações de grau metalúrgico
• Otimização de tamanho e densidade
• Processamento térmico avançado

Desempenho contínuo e monitoramento de qualidade

Suncoke implementa um rigoroso monitoramento de qualidade com as seguintes métricas:

Parâmetro de qualidade	Frequência de monitoramento	Taxa de conformidade
Teor de carbono	A cada hora	99.5%
Conteúdo de cinzas	Diário	99.2%
Nível de umidade	Contínuo	99.8%

Parcerias de inovação tecnológica colaborativa

A Suncoke Energy colabora com 7 instituições de pesquisa e parceiros de tecnologia, investindo US $ 4,5 milhões anualmente em iniciativas conjuntas de desenvolvimento tecnológico. As áreas de foco de parceria atual incluem:

• Tecnologias avançadas de redução de emissões
• Melhorias de eficiência energética
• Métodos sustentáveis ​​de produção de coque
• Integração da economia circular

Suncoke Energy, Inc. (SXC) - Modelo de Negócios: Canais

Equipes de vendas industriais diretas

A equipe de vendas direta da Suncoke Energy se concentra nos mercados industriais de coque metalúrgico, direcionando especificamente os fabricantes de aço.

Métrica da equipe de vendas	2023 dados
Representantes de vendas industriais totais	24
Cobertura anual de vendas	América do Norte, Brasil
Valor médio do contrato	US $ 8,3 milhões

Plataformas de compras on -line

A Suncoke utiliza canais de compras digitais para interações eficientes do cliente.

• Volume de transação da plataforma on -line: US $ 127,6 milhões em 2023
• Taxa de engajamento do cliente da plataforma digital: 62%
• Número de clientes industriais registrados: 86

Conferências da indústria e exposições comerciais

Participação da conferência	2023 Detalhes
As conferências totais compareceram	7
Novos leads de negócios gerados	43
Investimento total da exposição	$612,000

Engajamentos de consultoria técnica

A Suncoke fornece serviços especializados de consultoria técnica a clientes industriais.

• Receita de consultoria: US $ 4,2 milhões em 2023
• Projetos de consultoria total concluídos: 22
• Duração média do projeto: 6,4 meses

Redes estratégicas de desenvolvimento de negócios

Métrica de rede	2023 dados
Parcerias estratégicas	11
Receita de colaboração de rede	US $ 36,7 milhões
Novas conexões de rede	4

Suncoke Energy, Inc. (SXC) - Modelo de negócios: segmentos de clientes

Empresas de manufatura de aço

A Suncoke Energy atende aos principais fabricantes de aço com recursos de produção de coca -cola.

Cliente	Produção anual de coque (toneladas)	Valor do contrato
ArcelorMittal	2,4 milhões	US $ 378 milhões
Cleveland-Cliffs	1,8 milhão	US $ 265 milhões

Produtores de aço integrados

Principais produtores de aço integrado no portfólio de clientes da Suncoke:

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

Players da indústria metalúrgica global

Os clientes metalúrgicos internacionais incluem:

Região	Número de clientes	Valor total do contrato
América do Norte	12	US $ 1,2 bilhão
Europa	5	US $ 450 milhões

Consumidores de energia industrial

A Suncoke fornece soluções de energia para os setores industriais:

• Operações de forno de explosão
• Processamento metalúrgico
• Aplicações industriais de alta temperatura

Empresas de fabricação em larga escala

Aparelhamento do segmento de fabricação:

Setor da indústria	Número de clientes	Contribuição anual da receita
Fabricação automotiva	8	US $ 210 milhões
Fabricação de equipamentos pesados	6	US $ 175 milhões

Suncoke Energy, Inc. (SXC) - Modelo de negócios: estrutura de custos

Despesas de aquisição de carvão

Para o ano fiscal de 2023, os custos de compra de carvão da Suncoke Energy totalizaram US $ 438,7 milhões. A empresa adquiriu aproximadamente 5,2 milhões de toneladas de carvão metalúrgico e térmico de vários fornecedores.

Tipo de carvão	Volume anual de compras	Custo por tonelada
Carvão metalúrgico	3,6 milhões de toneladas	$ 82,50/tonelada
Carvão térmico	1,6 milhão de toneladas	US $ 45,30/tonelada

Manutenção das instalações industriais

A Sucoke Energy alocou US $ 87,3 milhões para manutenção das instalações industriais em 2023, representando 4,2% do total de despesas operacionais.

• Manutenção de instalações de cokemaking: US $ 62,4 milhões
• Manutenção da infraestrutura logística: US $ 24,9 milhões

Custos de força de trabalho e trabalho técnico

As despesas totais de mão-de-obra em 2023 foram de US $ 153,6 milhões, cobrindo 1.142 funcionários em período integral.

Categoria de funcionários	Salário médio anual	Custo total da mão -de -obra
Equipe técnica	$95,000	US $ 86,2 milhões
Pessoal administrativo	$75,000	US $ 67,4 milhões

Infraestrutura de energia e processamento

Os custos de infraestrutura de energia e processamento para 2023 totalizaram US $ 212,5 milhões.

• Consumo de eletricidade: US $ 48,7 milhões
• Uso de gás natural: US $ 39,2 milhões
• Custos operacionais do equipamento: US $ 124,6 milhões

Investimentos de pesquisa e desenvolvimento

A SunCoke Energy investiu US $ 16,4 milhões em pesquisa e desenvolvimento durante 2023.

Área de foco em P&D	Valor do investimento
Melhorias de eficiência do processo	US $ 9,6 milhões
Tecnologia Ambiental	US $ 6,8 milhões

Suncoke Energy, Inc. (SXC) - Modelo de negócios: fluxos de receita

Vendas metalúrgicas de Coca -Cola

Em 2022, a SunCoke Energy registrou um volume de vendas metalúrgico de coque de 4,2 milhões de toneladas. O preço médio realizado para a Coca Metalúrgica foi de US $ 254 por tonelada.

Ano	Volume de vendas de coca -cola	Preço médio por tonelada	Receita total
2022	4,2 milhões de toneladas	$254	US $ 1,067 bilhão

Contratos de serviço de processamento

As receitas do serviço de processamento para 2022 foram de aproximadamente US $ 215,6 milhões, com contratos atendendo principalmente aos clientes de fabricação de aço.

Receitas de consultoria industrial

As receitas de consultoria em 2022 totalizaram US $ 12,3 milhões, com foco na otimização do processo de produção de coque.

Taxas de licenciamento de tecnologia

O licenciamento de tecnologia gerou US $ 5,7 milhões em receita durante 2022, com propriedade intelectual relacionada às tecnologias de produção de coques.

Vendas de materiais de subproduto

As vendas de subprodutos em 2022 incluíram:

• Vendas de alcatrão de carvão: US $ 24,5 milhões
• Vendas de benzeno: US $ 18,2 milhões
• Outros subprodutos químicos: US $ 9,3 milhões

Subproduto	2022 Receita de vendas
Alcatrão de carvão	US $ 24,5 milhões
Benzeno	US $ 18,2 milhões
Outros produtos químicos	US $ 9,3 milhões

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.