Cloud Peak Energy (CLD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.87. Analysts had a consensus of $-0.39. The company posted revenue of $174.20 million in the period, compared to analysts expectations of $170.77 million. The company’s revenue was down -28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.87 EPS.
Cloud Peak Energy opened for trading at $2.71 and hit $2.78 on the upside on Thursday, eventually ending the session at $2.74, with a gain of 1.48% or 0.04 points. The heightened volatility saw the trading volume jump to 9,58,680 shares. Company has a market cap of $168 M.
Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines Logistics and Related Activities and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customers plant or other delivery point remote from its mine site. The Corporate and Other segment includes results relating to broker activity its share of the Decker mine operations. The Company operates in the PRB where it operates three surface coal mines which include the Antelope Mine the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects including the Youngs Creek project and the Crow project.