|BB&T Capital Markets||Garrett Nelson|
|BMO Capital Markets||Adam Davidson|
|Brean Capital||Lucas Pipes|
|Clarkson Capital Markets|| Jeremy Sussman|
|Cowan Securities||Daniel Scott|
|FBR Capital Markets||Mitesh Thakkar|
|Howard Weil||Holly Stewart|
|JP Morgan||John Bridges|
|Morgan Stanley & Co., Incorporated|| Evan Kurtz|
|Morningstar Equity Research||Kristoffer Inton |
|Simmons & Company|| Caleb Dorfman|
|Tudor, Pickering & Holt||Brandon Blossman|
|Tuohy Brothers||Craig 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.