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
SSA Marine Names Crow Tribe and Cloud Peak Energy as Partners in the Gateway Pacific Terminal
Aug 18 15
SSA Marine, the Crow Tribe of Indians and Cloud Peak Energy, reported that the Crow Tribe and Cloud Peak Energy are joining SSA Marine as partners in the Gateway Pacific Terminal, located in the Northwest corner of Washington state. The Gateway Pacific Terminal (GPT) is a planned 54 million metric ton, dry bulk, deep water export terminal designed to handle commodities such as coal, grain, and potash. GPT will be the only U.S. Pacific Northwest terminal with natural deep water accommodating cost saving cape size bulk vessels. GPT is currently two and a half years into an broad and thorough permitting process. Under this new ownership structure, SSA Marine remains the majority owner retaining 51% of the company's shares; Cloud Peak Energy owns 49%; and the Crow Tribe will have an option to secure 5% from Cloud Peak Energy.
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
Jul 29 15
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. Presents at Credit Suisse 28th Annual Basic Materials Conference 2015, Sep-17-2015 02:30 PM
Jul 22 15
Cloud Peak Energy Inc. Presents at Credit Suisse 28th Annual Basic Materials Conference 2015, Sep-17-2015 02:30 PM. Venue: Credit Suisse, One Madison Avenue Auditorium (24th street), New York, NY 10010, United States. Speakers: James Orchard, Senior Vice President of Marketing and Government Affairs.