SCHEDULE 13G/A: BlackRock Amends SunCoke Energy Stake, Disclosing 15.4% Beneficial Ownership

BlackRock, Inc. has filed an Amendment No. 5 to its Schedule 13G, reporting a beneficial ownership of 15.4% of SunCoke Energy, Inc.'s common stock as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 13,001,418 shares of SunCoke Energy, Inc. common stock.
• This ownership represents 15.4% of SunCoke Energy, Inc.'s outstanding common stock.
• BlackRock holds sole voting power over 12,809,763 shares and sole dispositive power over 13,001,418 shares.
• No shared voting or dispositive power was reported.
• The filing confirms that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• iShares Core S&P Small-Cap ETF, a BlackRock entity, is noted to have an interest exceeding five percent of the total outstanding common stock.
• BlackRock, Inc. updated its internal Power of Attorney on January 21, 2025, revoking a previous one from April 30, 2023, to authorize individuals for regulatory filings.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing disclosing a significant, but passive, institutional ownership stake. It is neutral regarding the issuer's operational performance but can be seen as a slightly positive signal due to the continued large holding by a major asset manager.

Positives

• The significant stake held by a major institutional investor like BlackRock may be viewed as a vote of confidence in SunCoke Energy, Inc.

Risks

• The filing itself does not detail risks related to SunCoke Energy's operations or financial health, but rather BlackRock's passive investment position.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding SunCoke Energy, Inc.'s future performance or BlackRock's investment strategy beyond its passive nature.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing reflects BlackRock, Inc.'s ongoing investment in SunCoke Energy, Inc., a company operating in the industrial materials sector, specifically in the production of coke. As a major global asset manager, BlackRock's significant stake indicates its continued interest in the company within its investment portfolios.

Corporate Governance

Stakeholder Impact

• Shareholders of SunCoke Energy, Inc. may view the continued significant ownership by BlackRock as a sign of institutional confidence in the company.

Next Steps

• BlackRock, Inc. will continue to monitor its investment in SunCoke Energy, Inc. and file further amendments to its Schedule 13G as required by SEC regulations.

Key Dates

Keywords

SunCoke Energy, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, ownership stake, passive investment