Cloud Peak energy -23% as Q4 revenues, shipments sink [Seeking Alpha]
CLOUD PEAK ENERGY (CLD)
Last cloud peak energy earnings: 3/15 06:04 am
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US:NYSE Investor Relations:
investor.cloudpeakenergy.com
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Source: Seeking Alpha
Cloud Peak energy -23% as Q4 revenues, shipments sinkCloud Peak Energy (CLD-22.8%) plunges despite reporting better than expectedQ4 earnings, as revenue fell 6% to $214M and realized price per ton sold fell to $11.98 from $12.15 a year earlier.CLD says adjusted EBITDA of $19M and shipments of 13.5M tons during Q4 both were significantly below year-ago adjusted EBITDA of $40M and shipments of 16.7M tons.For 2018, CLD plans to ship 52M-56M tons, with current commitments to sell 45M tons which includes 2.5M tons contracted with export customers.CLD expects 2018 capex of $15M-$25M.See all stocks on the move »Now read:Hey Uranium Energy Corp., Long Time No See »
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