LONDON, March 17, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings coverage on Cloud Peak Energy Inc. (NYSE: CLD). On February 17, 2015, the company announced its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD to read our free earnings review on Cloud Peak Energy Inc. (Cloud Peak). The company reported revenues of $341.79 million for Q4 FY14 and $1.32 billion for FY14. Cloud Peak also reported adjusted EBITDA of $71.6 million in Q4 FY14 and $201.9 million for full-year FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD
Earnings Overview
During Q4 FY14, Cloud Peak's revenues declined by $11.44 million from $353.23 million in Q4 FY13. The company's Q4 FY14 revenues outperformed Bloomberg analysts' forecast of $338.29 million. Cloud Peak's Owned and Operated Mines and Logistics and Related Activities revenues came in at $304.3 million and $46.1 million, respectively, in Q4 FY14, compared to $289.1 million and $62.7 million, respectively, in Q4 FY13. Free research on CLD can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD
For Q4 FY14, Cloud Peak's owned and operated mines shipments were 23.3 million tons compared with 21.7 million tons in Q4 FY13. The company's average cost per ton sold decreased to $9.32 in Q4 FY14 from $10.04 in Q4 FY13.
Cloud Peak's net income decreased to $5.67 million, or $0.09 per diluted share, in Q4 FY14 from $13.90 million, or $0.23 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected net income of $2.57 million, or $0.04 per diluted share, in Q4 FY14. The company's Q4 FY14 adjusted EBITDA increased by $9.5 million from $62.1 million in Q4 FY13. Moreover, Cloud Peak reported adjusted earnings per share (EPS) of $0.26 in Q4 FY14 compared to $0.30 in Q4 FY13.
During FY14, Cloud Peak's revenues fell by $72.05 million from $1.40 billion in FY13. The company's FY14 revenues missed Bloomberg analysts' forecast of $1.33 billion. Cloud Peak's Owned and Operated Mines and Logistics and Related Activities revenues stood at $1.13 billion and $224.9 million, respectively, in FY14, compared with $1.14 billion and $265.9 million, respectively, in FY13. Sign up and read the free analyst's notes on CLD at:
http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD
For FY14, Cloud Peak's net income was $78.96 million, or $1.29 per diluted share, compared to $51.97 million, or $0.85 per diluted share, in FY13. Analysts from Bloomberg had expected net income of $73.93 million, or $1.14 per diluted share, in FY14. Furthermore, Cloud Peak's adjusted EBITDA fell by $16.7 million in FY14 from $218.6 million in FY13.
In FY14, Cloud Peak's owned and operated mines shipments were 85.9 million tons compared with 86.0 million tons in FY13. During FY14, the company's average cost per ton sold reduced to $10.19 from $10.23 in FY13.
For full-year FY14, cash flow from operating activities totaled $98.17 million compared to $180.74 million in FY13. As of December 31, 2014, Cloud Peak had total liquidity of $721 million, consisting of cash and investments of $168.75 million.
President and CEO of Cloud Peak, Colin Marshal, said that he is pleased with the company's financial and operational performance this year in the face of a challenging external environment. Particularly impressive was the mines' ability to reduce costs and control capital expenditures despite rail constraints, which reduced Cloud Peak's shipments throughout the year, he added.
Looking at FY15, Cloud Peak expects total U.S. coal demand to be lower than FY14 due to low natural gas prices and some plant closures resulting from the Mercury and Air Toxics Standards (MATS) regulation. The company expects coal shipments from three owned and operated mines to be between 78 and 82 million tons during FY15. Furthermore, Cloud Peak anticipates adjusted EBITDA to be in the range of $110 - $160 million in FY15. Visit Investor-Edge and access the latest research on CLD at:
http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD
Stock Performance
On the day following the earnings release, February 18, 2015, Cloud Peak's stock declined 4.75% to end the session at $7.82. Since then, the stock has moved mostly on a negative note. On the last close, Monday, March 16, 2015, the company's shares finished 0.17% lower at $5.87, hitting a 52-week low of $5.62. A total of 2.27 million shares were traded which was above their three months average volume of 1.85 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 11.46% and 26.44%, respectively. Further, the stock has declined 37.29% in the past three months. Shares in Cloud Peak are trading below their 50-day and 200-day moving averages of $7.69 and $12.44, respectively.
Sneak Peek to Corporate Insider Trading
In the last one month, Cloud Peak has reported two corporate trading transactions by two insiders. On March 11, 2015, a total of 72 shares were sold at an average price of $6.63 per share, and for a total value of $477.36. The following are the abovementioned transactions: Jim Orchard, Senior Vice President, Marketing and Government Affairs at Cloud Peak, and Bruce Jones, Senior Vice President, Technical Services at Cloud Peak, sold 59 and 13 shares, respectively, at an average price of $6.63 per share. Complimentary in-depth research on CLD is available at:
http://get.Investor-Edge.com/pdf/?c=Cloud%20Peak%20Energy&d=17-Mar-2015&s=CLD
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