Cloud Peak Energy Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018
For the nine months, the company reported revenue was $655,087,000 against $571,600,000 a year ago. Operating loss was $20,302,000 against operating income of $2,606,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $24,886,000 against $25,213,000 a year ago. Net loss was $24,919,000 against $24,478,000 a year ago. Basic and diluted loss per common share was $0.33 against $0.34 a year ago. Net cash provided by operating activities was $24,068,000 against $57,032,000 a year ago. Purchases of property, plant and equipment was $7,165,000 against $11,327,000 a year ago. Adjusted EBITDA was $59.6 million against $86.0 million a year ago.
For the year 2018, the company expected adjusted EBITDA to be $60 million to $70 million, net interest expense to be approximately $37 million, depreciation, depletion, amortization, and accretion to be $70 million to $72 million and capital expenditures to be $13 million to $15 million.