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July 31, 2015 11:55 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Cloud Peak Energy Inc.

Company Overview

Cloud Peak Energy Inc., through its subsidiaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally. The company owns and operates the Antelope mine and Cordero Rojo mine located to the south of Gillette, Wyoming; and the Spring Creek mine located in Montana. Its development projects include the Youngs Creek project and the Crow project in the Northern PRB. The company also provides logistics and r...

505 South Gillette Avenue

Gillette, WY 82716

United States

1,600 Employees

Phone:

307-687-6000

Key Executives for Cloud Peak Energy Inc.

Chief Executive Officer, President, Director and Member of Health, Safety, Environment & Communities Committee
Age: 51
Total Annual Compensation: $740.0K
Chief Operating Officer and Executive Vice President
Age: 45
Total Annual Compensation: $450.0K
Executive Vice President, General Counsel and Corporate Secretary
Age: 44
Total Annual Compensation: $350.0K
Senior Vice President of Marketing and Government Affairs
Age: 55
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

Cloud Peak Energy Inc. Key Developments

Cloud Peak Energy Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Cloud Peak Energy Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $244,148,000 against $320,850,000 a year ago. Operating loss was $50,812,000 against operating income of $7,428,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $63,139,000 against $6,091,000 a year ago. Net loss was $52,897,000 or $0.87 per share basic and diluted against $2,148,000 or $0.04 per share basic and diluted a year ago. LBITDA was $30.0 million against EBITDA of $37.3 million a year ago. Adjusted EBITDA was $10.6 million against $45.2 million a year ago. Adjusted loss per share was $0.28 against $0.04 per share a year ago. For the quarter, the company reported goodwill impairment was $33,355,000. For the six months, the company reported revenue of $561,701,000 against $639,916,000 a year ago. Operating loss was $42,828,000 against operating income of $23,551,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $68,111,000 against $28,302,000 a year ago. Net loss was $57,577,000 or $0.94 per share basic and diluted against $17,774,000 or $0.29 per share basic and diluted a year ago. Net cash provided by operating activities was $14,887,000 against $35,381,000 a year ago. Purchases of property, plant and equipment was $14,782,000 against $7,146,000 a year ago. EBITDA was $3.2 million against $80.0 million a year ago. Adjusted EBITDA was $50.1 million against $84.6 million a year ago. Adjusted loss per share was $0.33 against $0.11 per share a year ago. For the year 2015, the company expects adjusted EBITDA of $110 million to $140 million. Capital expenditures of $40 million to $50 million.

Cloud Peak Energy Inc. Provides Earnings Guidance for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015; Announces Shipment Results for the Second Quarter Ended June 30, 2015; Provides Shipment Guidance for the Full Year 2015

Cloud Peak Energy Inc. provided earnings guidance for the second quarter and six months ended June 30, 2015. Based upon preliminary data, the company currently expects the net loss for the second quarter of 2015 to be between $51 million and $54 million and adjusted EBITDA to be between $10 million and $12 million. Based upon preliminary data, the company currently expects the net loss for the six months of 2015 to be between $55 million and $58 million and adjusted EBITDA to be between $49.5 million and $51.5 million. The company is lowering the upper end of its full year Adjusted EBITDA guidance range by $10 million, so that full year 2015 adjusted EBITDA is now expected to be between $110 million and $140 million. Second quarter 2015 shipments from the Company’s three mines were 16.0 million tons compared to 20.6 million tons in the second quarter of 2014. For the full year 2015, the Company now expects shipments to be between 74 and 78 million tons.

Cloud Peak Energy Inc. to Report Q2, 2015 Results on Jul 29, 2015

Cloud Peak Energy Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Daylight on Jul 29, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 4, 2014
Cloud Peak Energy Inc., Decker Mine in Montana
 

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