SunCoke Energy, Inc. reported a decrease in its first-quarter 2025 financial results, with revenues falling to $436.0 million from $488.4 million in the prior year period. Net income attributable to SXC also declined to $17.3 million, down from $20.0 million in Q1 2024, primarily due to lower spot coke sales volumes and reduced economics from the Granite City contract extension.
Consolidated Adjusted EBITDA for the quarter was $59.8 million, an $8.1 million decrease compared to $67.9 million in Q1 2024. The Domestic Coke segment's Adjusted EBITDA decreased by $11.5 million, largely due to lower pricing and volumes at Granite City and challenging spot blast coke market conditions. In contrast, the Logistics business continued to perform well, with Adjusted EBITDA increasing by $0.7 million to $13.7 million.
Despite the financial declines, SunCoke Energy reaffirmed its full-year 2025 Consolidated Adjusted EBITDA guidance range of $210 million - $225 million. The company also announced an extension of its cokemaking contract at Granite City with U.S. Steel through the end of September 2025, with an option for an additional three months.
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