Analyst Coverage

FirmAnalyst
Barclays Capital

Kalpesh Patel

Matt Korn

BB&T Capital MarketsGarrett Nelson
Mark Levin
BMO Capital Markets

Dave Gagliano

Clarkson Capital Markets Jeremy Sussman
CRT Capital Patrick Marshall
FBR & Co. Lucas Pipes
J.P. Morgan John Bridges
Macquarie ResearchAnthony Young
Stifel NicolausPaul Forward
Tuohy BrothersCraig Shere

This list is subject to change as coverage is either added or dropped by a firm. Opinions, estimates or forecasts regarding Cloud Peak’s performance made by these analysts are theirs alone and not the opinions, estimates or forecasts of Cloud Peak Energy or its management. Cloud Peak Energy does not imply its endorsement of or concurrence with such information, conclusions or recommendations.

Cloud Peak Energy does not distribute analyst research reports. Investors who are interested in obtaining the reports issued by these analysts should contact the firms directly.

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