Cloud Peak Energy, Inc. (CLD, Financial) filed Quarterly Report for the period ended 2012-09-30.
Cloud Peak Energy Inc has a market cap of $1.21 billion; its shares were traded at around $18.99 with a P/E ratio of 9.4 and P/S ratio of 0.8.
Approximately 87% of our revenue for the nine months ended September 30, 2012 was under multi-year contracts compared to 82% for the nine months ended September 30, 2011. While the majority of the contracts are fixed-price, certain contracts have adjustment provisions for determining periodic price changes. For the nine months ended September 30, 2012 and 2011, there was no single customer that represented more than 10% of consolidated revenue. We generally do not require collateral or other security on accounts receivable because our customers are comprised primarily of investment grade electric utilities. We seek to mitigate credit risk through credit approvals and monitoring procedures.
Cloud Peak Energy Resources LLC (CPE Resources) is the sole direct subsidiary of Cloud Peak Energy Inc. (CPE Inc.), providing 100% of CPE Inc.s total consolidated revenue for the three and nine months ended September 30, 2012 and constituting nearly 100% of CPE Inc.s total consolidated assets as of September 30, 2012.
The increase in revenue from our owned and operated mines was the result of an increase to our realized price per ton sold in 2012 compared to 2011. This increase is the result of prices committed and fixed in earlier years. Since the fourth quarter of 2011, coal prices have fallen due to a warm winter and low natural gas prices. This will negatively impact our future realized prices.
The decrease in revenue from our owned and operated mines was the result of 3.4 million fewer tons of coal sold in 2012 compared to 2011, reflecting the lower demand for PRB coal due to domestic utility customers working through higher stockpiles that resulted from the warmer-than-average winter, as well as competitive pressures of low natural gas prices. This decrease was partially offset by an increase to our realized price per ton sold in 2012 compared to 2011, reflecting prices committed and fixed in earlier years. Since the fourth quarter of 2011, coal prices have fallen due to a warm winter and low natural gas prices. This will negatively impact our future realized prices.
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Cloud Peak Energy Inc has a market cap of $1.21 billion; its shares were traded at around $18.99 with a P/E ratio of 9.4 and P/S ratio of 0.8.
Highlight of Business Operations:
This combined Form 10-Q is filed by Cloud Peak Energy Inc. and Cloud Peak Energy Resources LLC. Each Registrant hereto is filing on its own behalf all of the information contained in this report that relates to such Registrant. Each Registrant hereto is not filing any information that does not relate to such other Registrant, and therefore makes no representation as to any such information. Cloud Peak Energy Resources LLC is the sole direct subsidiary of Cloud Peak Energy Inc., providing 100% of Cloud Peak Energy Inc.s total consolidated revenue for the three and nine months ended September 30, 2012 and constituting nearly 100% of Cloud Peak Energy Inc.s total consolidated assets as of September 30, 2012.Approximately 87% of our revenue for the nine months ended September 30, 2012 was under multi-year contracts compared to 82% for the nine months ended September 30, 2011. While the majority of the contracts are fixed-price, certain contracts have adjustment provisions for determining periodic price changes. For the nine months ended September 30, 2012 and 2011, there was no single customer that represented more than 10% of consolidated revenue. We generally do not require collateral or other security on accounts receivable because our customers are comprised primarily of investment grade electric utilities. We seek to mitigate credit risk through credit approvals and monitoring procedures.
Cloud Peak Energy Resources LLC (CPE Resources) is the sole direct subsidiary of Cloud Peak Energy Inc. (CPE Inc.), providing 100% of CPE Inc.s total consolidated revenue for the three and nine months ended September 30, 2012 and constituting nearly 100% of CPE Inc.s total consolidated assets as of September 30, 2012.
The increase in revenue from our owned and operated mines was the result of an increase to our realized price per ton sold in 2012 compared to 2011. This increase is the result of prices committed and fixed in earlier years. Since the fourth quarter of 2011, coal prices have fallen due to a warm winter and low natural gas prices. This will negatively impact our future realized prices.
The decrease in revenue from our owned and operated mines was the result of 3.4 million fewer tons of coal sold in 2012 compared to 2011, reflecting the lower demand for PRB coal due to domestic utility customers working through higher stockpiles that resulted from the warmer-than-average winter, as well as competitive pressures of low natural gas prices. This decrease was partially offset by an increase to our realized price per ton sold in 2012 compared to 2011, reflecting prices committed and fixed in earlier years. Since the fourth quarter of 2011, coal prices have fallen due to a warm winter and low natural gas prices. This will negatively impact our future realized prices.
Read the The complete Report
