SunCoke Energy, Inc.: management transactions · United States · SEC (Form 4)

About SunCoke Energy, Inc.

SunCoke Energy, Inc. (NYSE: SXC) is a U.S.-based industrial company focused on processing and handling raw materials for the steel industry. Headquartered in Lisle, Illinois, United States, the company was incorporated in 2010 and became a public company in 2011 following its spin-off from Sunoco. SunCoke’s legacy business is metallurgical coke production, an essential input for blast-furnace steelmaking. Its core technology is heat-recovery cokemaking, which captures excess heat from the coke-making process and converts it into steam or electricity, allowing the company to improve energy efficiency while supporting environmental compliance. Over time, SunCoke has expanded beyond pure cokemaking into a broader industrial services platform. The company’s main operating segment remains Domestic Coke. SunCoke operates cokemaking facilities in Illinois, Indiana, Ohio, Virginia, and Brazil, and states that it has about 5.9 million tons of annual global cokemaking capacity, including 4.2 million tons in the United States. Management says that U.S. capacity represents roughly 25% of the U.S. and Canadian markets, underscoring SunCoke’s position as one of the leading independent coke producers in North America. The business model is notable for long-term, take-or-pay contracts that pass through coal, operating, and transportation costs, which helps insulate the company from direct commodity-price volatility and supports a relatively visible cash-flow profile. In recent years, SunCoke has been reshaping its portfolio through its Industrial Services segment. This segment includes logistics terminals as well as Phoenix Global, an integrated metals-services business acquired in 2025. The logistics activities cover mixing, transloading, storage, and terminal handling for coal, coke, steel, and power customers. SunCoke highlights strategically located domestic and export terminals across the Gulf Coast, East Coast, and Great Lakes regions, and specifically notes the Convent Marine Terminal as one of the largest terminals on the U.S. Gulf Coast and the only terminal on the lower Mississippi with direct rail access. Phoenix Global broadens the company’s service mix with metals recovery, scrap processing, logistics, and co-product handling services. Recent developments are important for investors. In February 2026, SunCoke reported full-year 2025 results and provided full-year 2026 guidance. The company also disclosed extended coke supply agreements with U.S. Steel at Granite City and with Cleveland-Cliffs at Haverhill II, while continuing to optimize its coke fleet after the closure of Haverhill I. The 2025 acquisition of Phoenix Global is another key strategic milestone, broadening SunCoke’s industrial footprint and giving it a more diversified earnings base. For investors in the French-speaking markets, SunCoke should be viewed as a specialized U.S. industrial supplier with exposure to steel demand, but with long-duration contracts and an asset base designed to reduce earnings cyclicality.