Updated Guidance – 2012 Financial and Operational Estimates
The following table provides our current outlook and assumptions for selected 2012 financial and operational metrics:
|Item||Estimate or Estimated Range|
|Coal shipments for our three operated mines||90 - 93 million tons|
|Committed sales with fixed prices||Approximately 92 million tons|
|Anticipated realized price of produced coal with fixed prices||Approximately $13.23 per ton|
|Adjusted EBITDA||$310 - $340 million|
|Net interest expense||Approximately $36 million|
|Depreciation, depletion and accretion||$105 - $115 million|
|Effective income tax rate (1)||33 - 36%|
|Capital expenditures (2)||$50 - $60 million|
|Committed federal coal lease payments||$129 million|
(1) Excluding impact of the Tax Receivable Agreement.
(2) Excluding capitalized interest, federal coal lease payments, and the acquisition of Youngs Creek.
Conference Call Details
A conference call with management is scheduled at 5:00 p.m. ET on October 25, 2012, to review the results and current business conditions. The call will be webcast live over the Internet from our Web site at www.cloudpeakenergy.com under “Investor Relations.” Participants should follow the instructions provided on the Web site for downloading and installing the audio applications necessary to join the webcast. Interested individuals also can access the live conference call via telephone at 866.730.5765 (domestic) or 857.350.1589 (international) and entering pass code 44853566.Following the live webcast, a replay will be available at the same URL on our Web site for seven days. A telephonic replay will also be available approximately two hours after the call and can be accessed by dialing 888.286.8010 (domestic) or 617.801.6888 (international) and entering pass code 57713356. The telephonic replay will be available for seven days.