SXC earnings analysis
What we found in SXC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SunCoke Energy, Inc. reported a Q1 2026 revenue of $455.1 million, slightly above last year's $436.0 million but significantly below the prior quarter's $480 million. The company experienced a net loss of $3.4 million, a deterioration from a profit of $19.4 million in the same quarter last year. Management faces challenges due to a facility shutdown and adverse weather, but affirmed its full-year Consolidated Adjusted EBITDA guidance.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased to $455.1 million, up $19.1 million from $436.0 million in Q1 2025.
- Strong Operating Cash Flow
- Operating cash flow rose to $72.7 million, up from $25.8 million in Q1 2025, an increase of $46.9 million.
- Coke Segments Performance
- Industrial Services grew significantly, with revenue of $85.4 million, up from $22.4 million last year.
- Decrease in Domestic Coke Revenue
- Domestic Coke revenue decreased to $361.7 million, down $44.1 million from $405.8 million in Q1 2025.
- Increased Interest Expense
- Net interest expense increased from $5.2 million to $8.7 million due to higher borrowings.
- Cash and Liquidity Maintained
- The company reported cash and cash equivalents of $104.4 million as of March 31, 2026, amid ongoing liquidity needs.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Net Loss
- Net loss of $3.4 million in Q1 2026 compared to a profit of $19.4 million in Q1 2025, indicating operational difficulties.
- Shutdown of Haverhill I Facility
- The shutdown of Haverhill I reduced production volumes, contributing to lower revenue.
- Severe Weather Impact
- Severe winter weather further affected operational results and revenue in Q1 2026.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.05
- Segment
- Domestic Coke
- Segment
- Industrial Services
What they said about what is next.
Reaffirming 2026 Consolidated Adjusted EBITDA guidance of $230 million to $250 million.
The filing reads about the same as the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SXC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
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