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% drop from the $24.5 million reported in the last quarter of 2016.

CEO Colin Marshall recently said that the company’s only option for real growth lies in international markets due to gradually diminishing domestic demand, but Western coal producers are limited by current export capacity at terminals in California and British Columbia.

More ($): Cloud Peak focused on overseas coal sales despite tight port capacity

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