Cloud Peak Energy (CLD) Misses Q1 EPS by 38c, Updates Guidance

Cloud Peak Energy (NYSE: CLD) reported Q1 EPS of ($0.53), $0.38 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $181.2 million versus the consensus estimate of $207.08 million.

Concluding Remarks

“Given the very slow first quarter to the year, we lowered the mid-point of our estimated full year shipments by 4.5 million tons and lowered the mid-point of our Adjusted EBITDA guidance by $5 million. This revised Adjusted EBITDA estimate assumes significantly increased shipments in the second half of the year and that customers who do not wish to take their contracted coal compensate us appropriately. It also reflects the benefit of cost reduction measures we have recently implemented,” said Marshall.

2016 Updated Guidance – Financial and Operational Estimates

The following table provides the current outlook and assumptions for selected 2016 consolidated financial and operational metrics:

(1) Inclusive of intersegment sales.(2) Non-GAAP financial measure; please see definition below in this release.(3) Excluding federal coal lease payments.

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

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