Cloud Peak Energy Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenues of $213,893,000 against $227,928,000 a year ago. Operating loss was $2,440,000 against operating income of $36,131,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $11,609,000 against profit before income tax provision and earnings from unconsolidated affiliates of $23,849,000 a year ago. Net income was $17,839,000 or $0.23 diluted per share against $24,511,000 or $0.39 diluted per share a year ago. EBITDA was $12.8 million against $41.7 million a year ago. Adjusted EBITDA was $19.0 million against $40.0 million a year ago.

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.