Cloud Peak Energy Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year 2018
For the six months, the company reported revenue was $422,007,000 against $424,930,000 a year ago. Operating loss was $21,019,000 against $7,650,000 a year ago. Net loss was $37,610,000 against $27,056,000 a year ago. Basic and diluted loss per common share was $0.50 against $0.38 a year ago. Net cash provided by operating activities was $3,568,000 against $12,547,000 a year ago. Purchases of property, plant and equipment was $4,831,000 against $7,896,000 a year ago. Adjusted EBITDA was $18.9 million against $50.0 million a year ago.
The company provides earnings guidance for the full year 2018. The company estimates Adjusted EBITDA $65 million to $85 million, Capital expenditures to be in the in the range of $15 million to- $20 million.