We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cloud Peak Energy (CLD) Lags Q2 Earnings & Sales Estimates
Read MoreHide Full Article
Cloud Peak Energy’s loss of 39 cents per share in second-quarter 2018 was wider than the Zacks Consensus Estimate of a loss of 15 cents. Also, the figure is wider than the loss of 9 cents in the prior-year quarter.
Revenues
Revenues totaled $205.7 million, missed the Zacks Consensus Estimate of $223 million by 7.8%. The top line declined 10.2% from $229 million in the year-ago quarter. The top line declined due to the lower shipment in the Owned and Operated Mines segment.
Cloud Peak Energy Inc Price, Consensus and EPS Surprise
In the second quarter, the company sold 11.6 million tons of coal compared with 14.3 million tons in the year-ago quarter. Realized price per ton of coal during the quarter was $12.18, down nearly 0.6% year over year. Revenues in this segment were $143.9 million, down 19.5% from $178.7 million in the year-ago quarter. The downside was caused by lower shipments as well as per ton lower average realized prices.
Logistics and Related Activities
Total tons delivered were 1.3 million, in line with the year-ago quarter’s figure. Revenues in this segment amounted to $79.3 million, up 20.2% from $66 million in the year-ago quarter. Strong Asian utility demand and current pricing drove the company’s export and boosted revenues.
Highlights of the Release
Total costs and expenses were $226.3 million, down 0.9% from $228.3 million in the year-ago quarter. This was primarily due to lower depreciation and depletion charges.
Second-quarter results were hurt by lower shipments primarily caused by weather and operational issues at the Antelope Mine. The company expects to work on delayed shipments in the upcoming quarters.
Financial Update
As of Jun 30, 2018, the company’s cash and cash equivalents were $90.2 million, down from $107.9 million as of Dec 31, 2017.
Senior notes were $400.9 million, down from $405.3 million as of Dec 31, 2017.
Cash provided in first half of 2018 in operating activities was $3.6 million compared with $12.6 million in the year-ago quarter.
Guidance
For 2018, Cloud Peak Energy narrowed guidance and expects coal shipment from three mines in the range of 50-54 million tons. Out of the expected shipments, nearly 49 million tons are committed with a fixed price of $12.27 per ton.
Capital expenditures for 2018 are expected in the range of $15-$20 million.
Recent Coal Release
Peabody Energy Corp (BTU - Free Report) announced second-quarter 2018 earnings of 93 cents per share, which missed the Zacks Consensus Estimate of $1.05 by 11.4%.
Upcoming Releases
Arch Coal Inc (ARCH - Free Report) is anticipated to release second-quarter 2018 results on Jul 31. The Zacks Consensus Estimate for earnings is pegged at $1.95.
CONSOL Coal Resources LP is expected to release second-quarter 2018 results on Aug 2. The Zacks Consensus Estimate for earnings is pegged at 65 cents.
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Cloud Peak Energy (CLD) Lags Q2 Earnings & Sales Estimates
Cloud Peak Energy’s loss of 39 cents per share in second-quarter 2018 was wider than the Zacks Consensus Estimate of a loss of 15 cents. Also, the figure is wider than the loss of 9 cents in the prior-year quarter.
Revenues
Revenues totaled $205.7 million, missed the Zacks Consensus Estimate of $223 million by 7.8%. The top line declined 10.2% from $229 million in the year-ago quarter. The top line declined due to the lower shipment in the Owned and Operated Mines segment.
Cloud Peak Energy Inc Price, Consensus and EPS Surprise
Cloud Peak Energy Inc Price, Consensus and EPS Surprise | Cloud Peak Energy Inc Quote
Segment Performance
Owned and Operated Mines
In the second quarter, the company sold 11.6 million tons of coal compared with 14.3 million tons in the year-ago quarter. Realized price per ton of coal during the quarter was $12.18, down nearly 0.6% year over year. Revenues in this segment were $143.9 million, down 19.5% from $178.7 million in the year-ago quarter. The downside was caused by lower shipments as well as per ton lower average realized prices.
Logistics and Related Activities
Total tons delivered were 1.3 million, in line with the year-ago quarter’s figure. Revenues in this segment amounted to $79.3 million, up 20.2% from $66 million in the year-ago quarter. Strong Asian utility demand and current pricing drove the company’s export and boosted revenues.
Highlights of the Release
Total costs and expenses were $226.3 million, down 0.9% from $228.3 million in the year-ago quarter. This was primarily due to lower depreciation and depletion charges.
Second-quarter results were hurt by lower shipments primarily caused by weather and operational issues at the Antelope Mine. The company expects to work on delayed shipments in the upcoming quarters.
Financial Update
As of Jun 30, 2018, the company’s cash and cash equivalents were $90.2 million, down from $107.9 million as of Dec 31, 2017.
Senior notes were $400.9 million, down from $405.3 million as of Dec 31, 2017.
Cash provided in first half of 2018 in operating activities was $3.6 million compared with $12.6 million in the year-ago quarter.
Guidance
For 2018, Cloud Peak Energy narrowed guidance and expects coal shipment from three mines in the range of 50-54 million tons. Out of the expected shipments, nearly 49 million tons are committed with a fixed price of $12.27 per ton.
Capital expenditures for 2018 are expected in the range of $15-$20 million.
Recent Coal Release
Peabody Energy Corp (BTU - Free Report) announced second-quarter 2018 earnings of 93 cents per share, which missed the Zacks Consensus Estimate of $1.05 by 11.4%.
Upcoming Releases
Arch Coal Inc (ARCH - Free Report) is anticipated to release second-quarter 2018 results on Jul 31. The Zacks Consensus Estimate for earnings is pegged at $1.95.
CONSOL Coal Resources LP is expected to release second-quarter 2018 results on Aug 2. The Zacks Consensus Estimate for earnings is pegged at 65 cents.
Zacks Rank
Cloud Peak has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>