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SunCoke Energy, Inc.

For the period ended Sep 30, 2026. Filed Oct 27, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 27, 2026

SXC$10.21+4.2%Stored close · as of Nov 9, 2026

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Table of Contents

SUNCOKE ENERGY, INC.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements1
Consolidated Statements of Operations (Unaudited) For the Three and Nine Months Ended September 30, 2026 and 20251
Consolidated Statements of Comprehensive Income (Unaudited) For the Three and Nine Months Ended September 30, 2026 and 20252
Consolidated Balance Sheets at September 30, 2026 (Unaudited) and December 31, 20253
Consolidated Statements of Cash Flows (Unaudited) For the Nine Months Ended September 30, 2026 and 20254
Consolidated Statements of Equity (Unaudited) For the Three and Nine Months Ended September 30, 2026 and 20255
Notes to the Consolidated Financial Statements7
1. Summary of Significant Accounting Policies7
2. Acquisitions8
3. Inventories9
4. Properties, Plants, and Equipment10
5. Goodwill and Other Intangible Assets10
6. Income Taxes10
7. Accrued Liabilities11
8. Debt11
9. Commitments and Contingent Liabilities12
10. Fair Value Measurement12
11. Revenue from Contracts with Customers13
12. Business Segment Information14
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3. Quantitative and Qualitative Disclosures about Market Risk27
Item 4. Controls and Procedures28
PART II – OTHER INFORMATION
Item 1. Legal Proceedings29
Item 1A. Risk Factors29
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds29
Item 3. Defaults Upon Senior Securities29
Item 4. Mine Safety Disclosures29
Item 5. Other Information29
Item 6. Exhibits30
Signatures31

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

We have made forward-looking statements in this Quarterly Report on Form 10-Q, including, among others, in the sections entitled “Risk Factors,” “Quantitative and Qualitative Disclosures About Market Risk” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions. Such forward-looking statements are based on management’s beliefs, expectations and assumptions based upon information currently available, and include, but are not limited to, statements concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities (including, among other things, continued expansion into the foundry coke market), the influence of competition, and the effects of future legislation or regulations. In addition, statements in this Quarterly Report on Form 10-Q concerning future dividend declarations are subject to approval by our Board of Directors and will be based upon circumstances then existing. Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of SunCoke management, and upon assumptions by SunCoke concerning future conditions, any or all of which ultimately may prove to be inaccurate.

Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. You should not put undue reliance on any forward-looking statements. The forward-looking statements made in this Quarterly Report on Form 10-Q should not be construed by you to be exhaustive and speak only as of the date of this report. We do not have any intention or obligation to update any forward-looking statement (or its associated cautionary language), whether as a result of new information or future events, after the date of this Quarterly Report on Form 10-Q, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

The risk factors discussed in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 and this Quarterly Report on Form 10-Q could cause our results to differ materially from those expressed in the forward-looking statements made in this Quarterly Report on Form 10-Q. There also may be other risks that are currently unknown to us or that we are unable to predict at this time. Such risks and uncertainties include, without limitation:

actual or potential impacts of international conflicts and humanitarian crises on global commodity prices, trade disputes, inflationary pressures, and state sponsored cyber activity;

the effect of inflation on wages and operating expenses;

the effect of restrictive trade regulations, including tariffs, on us or our major customers, business partners and/or suppliers, including changes in tariff rates and scope, retaliatory tariffs imposed by foreign governments, and the potential effects of such measures on steel demand, pricing, and the competitiveness of our customers;

volatility and cyclical downturns in the steel industry and in other industries in which our customers and/or suppliers operate;

changes in the marketplace that may affect our cokemaking business, including the supply and demand for our coke products, as well as increased imports of coke from foreign producers;

volatility, cyclical downturns and other changes in the business climate and market for coal, affecting customers or potential customers for our industrial services business;

changes in the marketplace that may affect our industrial services business, including the supply and demand for thermal and metallurgical coal;

severe financial hardship or bankruptcy of one or more of our major customers, or the occurrence of a customer default or other event affecting our ability to collect payments from our customers;

our ability to repair aging coke ovens to maintain operational performance;

age of, and changes in the reliability, efficiency and capacity of the various equipment and operating facilities used in our cokemaking operations, and in the operations of our subsidiaries' major customers, business partners and/or suppliers;

changes in the expected operating levels of our assets;

changes in the level of capital expenditures or operating expenses, including any changes in the level of environmental capital, operating or remediation expenditures;

changes in levels of production, production capacity, pricing and/or margins for coal and coke;

changes in product specifications for the coke that we produce or the coals we mix, store and transport;

our ability to meet minimum volume requirements, coal-to-coke yield standards and coke quality standards in our coke sales agreements;

variation in availability, quality and supply of metallurgical coal used in the cokemaking process, including as a result of non-performance by our suppliers;

effects of geologic conditions, weather, natural disasters and other inherent risks beyond our control;

effects of adverse events relating to the operation of our facilities and to the transportation and storage of hazardous materials or regulated media (including equipment malfunction, explosions, fires, spills, impoundment failure and the effects of severe weather conditions);

the existence of hazardous substances or other environmental contamination on property owned or used by us;

required permits and other regulatory approvals and compliance with contractual obligations and/or bonding requirements in connection with our cokemaking, industrial services operations, and/or former coal mining activities;

the availability of future permits authorizing the disposition of certain mining waste and the management of reclamation areas;

risks related to environmental compliance;

our ability to comply with applicable federal, state or local laws and regulations, including, but not limited to, those relating to environmental matters;

risks related to labor relations and workplace safety;

availability of skilled employees for our cokemaking, and/or industrial services operations, and other workplace factors;

our ability to service our outstanding indebtedness;

our indebtedness and certain covenants in our debt documents;

our ability to comply with the covenants and restrictions imposed by our financing arrangements;

changes in the availability and cost of equity and debt financing;

impacts on our liquidity and ability to raise capital as a result of changes in the credit ratings assigned to our indebtedness;

competition from alternative steelmaking and other technologies that have the potential to reduce or eliminate the use of coke;

our dependence on, relationships with, and other conditions affecting our customers and/or suppliers;

consolidation of major customers;

nonperformance or force majeure by, or disputes with, or changes in contract terms with, major customers, suppliers, dealers, distributors or other business partners;

effects of adverse events relating to the business or commercial operations of our customers and/or suppliers;

changes in credit terms required by our suppliers;

our ability to secure new coal supply agreements or to renew existing coal supply agreements;

effects of railroad, barge, truck and other transportation performance and costs, including any transportation disruptions;

our ability to enter into new, or renew existing, long-term agreements upon favorable terms for the sale of coke, steam, or electric power, or for handling services of coal and other products (including transportation, storage and mixing);

our ability to enter into new, or renew existing, agreements upon favorable terms for industrial services operations;

our ability to successfully implement domestic and/or international growth strategies;

our ability to identify acquisitions, execute them under favorable terms, and integrate them into our existing business operations including the integration of our acquisition of Flame Aggregator, LLC;

our ability to realize expected benefits from investments and acquisitions;

our ability to enter into joint ventures and other similar arrangements under favorable terms;

our ability to consummate asset sales, other divestitures and strategic restructuring in a timely manner upon favorable terms, and/or realize the anticipated benefits from such actions;

our ability to consummate investments under favorable terms, including with respect to existing cokemaking facilities, which may utilize by-product technology, and integrate them into our existing businesses and have them perform at anticipated levels;

our ability to develop, design, permit, construct, start up, or operate new cokemaking facilities in the U.S. or in foreign countries;

disruption in our information technology infrastructure and/or loss of our ability to securely store, maintain, or transmit data due to security breach by hackers, employee error or malfeasance, terrorist attack, power loss, telecommunications failure or other events;

the accuracy of our estimates of reclamation and other environmental obligations;

risks related to obligations under mineral leases retained by us in connection with the divestment of our legacy coal mining business;

risks related to the ability of the assignee(s) to perform in compliance with applicable requirements under mineral leases assigned in connection with the divestment of our legacy coal mining business;

proposed or final changes in existing, or new, statutes, regulations, rules, governmental policies and taxes, or their interpretations, including those relating to environmental matters and taxes;

proposed or final changes in accounting and/or tax methodologies, laws, regulations, rules, or policies, or their interpretations, including those affecting inventories, leases, post-employment benefits, income, or other matters;

changes in federal, state, or local tax laws or regulations, including the interpretations thereof;

claims of noncompliance with any statutory or regulatory requirements;

changes in insurance markets impacting cost, level and/or types of coverage available, and the financial ability of our insurers to meet their obligations;

inadequate protection of our intellectual property rights;

volatility in foreign currency exchange rates affecting the markets and geographic regions in which we conduct business; and

historical consolidated financial data may not be reliable indicators of future results.

The factors identified above are believed to be important factors, but not necessarily all of the important factors, that could cause actual results to differ materially from those expressed in any forward-looking statement made by us. Other factors not discussed herein also could have material adverse effects on us. All forward-looking statements included in this Quarterly Report on Form 10-Q are expressly qualified in their entirety by the foregoing cautionary statements.

In addition, our discussion of certain sustainability matters herein or elsewhere, including our website, are informed by various standards and frameworks and the interests of various stakeholders. Such information may not be material for Securities and Exchange Commission (“SEC”) reporting purposes, even if we use “material” or other language. Particularly in the sustainability context, materiality is subject to various definitions that differ from—and are often broader than—the definition under U.S. federal securities laws.

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