Cloud Peak Energy (CLD) Tops Q2 EPS by 8c

Cloud Peak Energy (NYSE: CLD) reported Q2 EPS of ($0.28), $0.08 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $244.1 million versus the consensus estimate of $284.15 million.

Colin Marshall, President and Chief Executive Officer, commented, “Given increasing utility coal inventories and continuing low natural gas prices, we believe domestic coal prices will remain subdued this year. International prices continue to be negatively impacted by oversupply, the strong U.S. dollar, and the decline in Chinese thermal coal imports. Cloud Peak Energy is actively managing its exposure to these tough conditions and has a strong balance sheet and efficient operations that we believe will help carry us through this cycle.”

For earnings history and earnings-related data on Cloud Peak Energy (CLD) click here.

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