Cloud Peak Energy Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
For the year, the company reported revenues of $887,706,000 against $800,438,000 a year ago. Operating income was $4,940,000 against $67,268,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $36,822,000 against income before income tax provision and earnings from unconsolidated affiliates of $18,971,000 a year ago. Net loss was $6,639,000 or $0.09 basic and diluted per share against net income of $21,841,000 or $0.35 diluted per share a year ago. Net cash provided by operating activities was $52,036,000 against $48,716,000 a year ago. Purchases of property, plant and equipment was $13,097,000 against $33,639,000 a year ago. EBITDA was $77.0 million against $94.1 million a year ago. Adjusted EBITDA was $104.9 million against $98.6 million a year ago.
The company provided earnings guidance for the full year of 2018. For the year, the company expects adjusted EBITDA in the range of $75 million $100 million, net interest expense of approximately $37 million, depreciation, depletion, amortization, and accretion in the range of $75 million $85 million and capital expenditures in the range of $15 million $25 million.