Cloud Peak Energy

IEEFA Research

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →

As Texas Coal-Fired Power Plants Close, Powder River Basin Mines Are Losing Their Largest Customers

Trends Will Force Closures and Complicate Efforts by Alpha Natural Resources, Arch Coal and Peabody Energy to Work Their Way Out of Bankruptcy

CLEVELAND, Aug. 3, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report detailing how Powder River Basin coal producers are losing their largest customers as Texas power producers turn increasingly to other sources of energy. The report, “Texas’ Outsize Role in the Decline of the Powder River Basin Coal […]

August 2, 2016 Read More →
Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →
Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

20 Fourth-Quarter Questions for Powder River Basin Coal Producers (pdf) By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

November 11, 2014 Read More →
Briefing note: Thermal coal outlook

Briefing note: Thermal coal outlook

Briefing note: Thermal coal outlook (pdf) By Tim Buckley,  Director of Energy Resource Studies, Australasia, IEEFA  

May 15, 2014 Read More →
Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)

May 8, 2014 Read More →

More News and Commentary

IEEFA update: Peabody continues to grapple with decline

Lease relinquishments are a sign of deeper trouble

In Peabody Energy’s recent relinquishment of some of its federal coal leases, the company is cleaning up its production cost side in the face of declining demand, particularly for the lower-quality 8400 BTU product that comes out of the Powder River Basin. The particular Wyoming coal in question has gone from being an asset to […]

September 20, 2018 Read More →

U.S. coal production falls for third straight quarter

S&P Global Market Intelligence ($): Total U.S. coal production fell for the third quarter in a row, according to an analysis of the most recent federal data. Coal producers reported output of 180.8 million tons in the second quarter of 2018, down 3.7% from 187.6 million tons in the first quarter and 187.1 million tons […]

September 19, 2018 Read More →

Cloud Peak coal production down sharply in second quarter

S&P Global Market Intelligence ($): Data reported to federal officials suggests Cloud Peak Energy Inc. could post a weak second quarter in the face of ongoing domestic coal pricing pressures. Cloud Peak’s three coal mines reported 11.6 million tons of coal production in the second quarter, down 3.7% from 12.1 million tons in the prior […]

July 19, 2018 Read More →

IEEFA update: The U.S. coal industry’s war with itself

Company versus company, and skirmishes between regions

When the current presidential administration took office, one might not have expected it to be the beginning of a new coal war—of company against company, region against region—each seizing the industry mantle, but none representing it as a whole. Industry watchers knew it would try to use the keys to the kingdom provided by its […]

June 29, 2018 Read More →
IEEFA Update: America’s Coal Industry Is in Trouble

IEEFA Update: America’s Coal Industry Is in Trouble

Little Evidence That Exports Will Save the Day

American coal industry executives have been working hard to restore investor confidence by arguing for a business-recovery rationale based on increased demand in export markets. There’s not much evidence for this case. Exports did help the industry in 2017, as several companies noted in their latest earnings reports, but U.S. coal producers are facing major […]

Mining Companies Across Biggest U.S. Coal Region See More Declines in Production

S&P Global Market Intelligence: Top producers in the largest U.S. coal basin are guiding investors to further declines in coal volumes from the region in 2018. Three coal companies responsible for producing about three-quarters of the coal that comes out of the Powder River Basin issued guidance that collectively would equal a 1% to 6% […]

February 22, 2018 Read More →

U.S. Coal: ‘Fewer and Fewer Customers’

Bloomberg News: The big problem for Cloud Peak and fellow miners is there are fewer and fewer customers. Between the end of 2011 and 2017, America’s coal-fired power plants lost 15 percent of their generating capacity, from 306 gigawatts to 261 gigawatts. Another 12.5 gigawatts of plants are scheduled to close this year, making 2018 […]

February 20, 2018 Read More →

Wyoming Coal Producer Pins Its Hopes on Asia

S&P Global Market Intelligence: Cloud Peak Energy Inc. is focusing on international markets and the prospect of diminishing utility stockpiles for future coal sales, as limited port capacity and potentially low gas prices threaten 2018 production levels. The coal producer reported a net income of $17.8 million in the fourth quarter of 2017, a 27.2% […]

February 20, 2018 Read More →

U.S. Coal CEO Sees No Domestic Market Growth

S&P Global Market Intelligence: Two weeks after announcing an export deal to supply two new integrated coal gasification combined-cycle coal-fired power plants in Japan, Cloud Peak Energy Inc. CEO Colin Marshall told S&P Global Market Intelligence that the global market offers the only room for real growth as domestic demand for thermal coal levels out. […]

February 5, 2018 Read More →
IEEFA Update: Another Canary in the Coal Mine

IEEFA Update: Another Canary in the Coal Mine

Telling Details in a Deal That Transfers Two Wyoming Mines to an Appalachian Company

In the first negative-value transaction in the Powder River Basin proper, Contura Energy is planning to transfer two coal mines in Wyoming to another company in exchange for royalties from future sales and for the new owner assuming reclamation liabilities. Contura, formed when senior lenders took some assets during Alpha Natural Resources bankruptcy, Eagle Butte […]

December 13, 2017 Read More →