B. Riley Cuts SunCoke Energy Price Target to $9 After Q4 EBITDA Miss
B. Riley cut SunCoke Energy’s price target to $9 from $10 after Q4 adjusted EBITDA of $56.7 million fell short of expectations. Industrial Services contributed $22.7 million, while Logistics and Domestic Coke volumes softened, and CFO Mark Marinko will retire, replaced by Shantanu Agrawal.
1. Analyst Trims Price Target
B. Riley lowered its price target on SunCoke Energy to $9 from $10 and maintained a Neutral rating, citing weaker-than-expected quarterly results and volume pressures in key segments.
2. Q4 Performance Breakdown
SunCoke reported Q4 adjusted EBITDA of $56.7 million, with the Industrial Services segment contributing $22.7 million, while Logistics and Domestic Coke volumes underperformed, weighing on overall profitability.
3. Leadership Transition
CEO Katherine Gates announced that long-time CFO Mark Marinko will retire and be succeeded by Shantanu Agrawal, aiming to preserve continuity in financial discipline and operational priorities.
4. Full-Year Results & Safety Metrics
For full-year 2025, consolidated adjusted EBITDA reached $219.2 million, boosted in part by Phoenix Global’s partial-year contribution, and the company achieved a 0.55 total recordable incident rate, underscoring strong safety focus.