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Cloud Peak posts net income of $17.8M in Q4'17

Cloud Peak Energy Inc. on Feb. 15 reported net income of $17.8 million, or 23 cents per share, in the fourth quarter, compared with $24.5 million, or 39 cents per share, in the prior-year period.

The S&P Capital IQ consensus normalized earnings estimate for the fourth quarter was a loss of 6 cents per share. Revenue was $213.9 million, compared with $227.9 million a year earlier.

Cloud Peak reported sales of 13.5 million tons of coal in the most recent quarter, compared with 16.7 million tons in the fourth quarter a year earlier. The average sales price was $11.98 per ton, compared with $12.15 per ton a year earlier.

For the full year, GAAP net loss was $6.6 million, or a loss of 9 cents per share, compared with a net income $21.8 million, or 35 cents per share, a year earlier.

The S&P Capital IQ consensus normalized earnings estimate for the year was a loss of 33 cents per share. Revenue for the full year totaled $887.7 million, compared with $800.4 million the previous year.

The company sold 57.4 million tons of coal during the year, compared with 58.5 million tons the previous year. The average sales price was $12.17 per ton, compared with $12.40 per ton a year earlier.