Cloud Peak Energy Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue was $217,073,000 against $301,673,000 a year ago. Operating income was $10,861,000 against $17,458,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $2,290,000 against income of $6,763,000 a year ago. Net loss was $1,584,000 against income of $8,873,000 a year ago. Loss per basic and diluted common share was $0.03 against $0.14 per diluted share a year ago. EBITDA was $34.2 million against $26.4 million a year ago. Adjusted EBITDA was $40.6 million against $39.0 million a year ago. Adjusted EPS was $0.06 against $0.24 a year ago.

For nine months, revenue was $572,510,000 against $863,374,000 a year ago. Operating income was $31,137,000 against loss of $25,369,000 a year ago. Loss before income tax provision and earnings from unconsolidated affiliates was $4,878,000 against $61,348,000 a year ago. Net loss was $2,670,000 against $48,704,000 a year ago. Loss per basic and diluted common share was $0.04 against $0.80 a year ago. Net cash provided by operating activities was $36,330,000 against $62,064,000 a year ago. Purchases of property, plant and equipment was $30,148,000 against $28,125,000 a year ago. Investment in development projects was $1,500,000 against $1,526,000 a year ago. EBITDA was $52.4 million against $29.6 million a year ago. Adjusted EBITDA was $58.6 million against $89.1 million a year ago. Adjusted loss per share was $0.01 against $0.29 a year ago.

For the quarter, the company reported impairments of $0.3 million.

For 2016, the company expects committed sales with fixed prices of approximately 61 million tons, adjusted EBITDA of $90 million – $100 million, net interest expense of approximately $45 million, cash interest paid of approximately $40 million, depreciation, depletion, amortization, and accretion of $50 million – $55 million and capital expenditures of $30 million – $40 million.