Analyst Coverage

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FirmAnalyst
Barclays Capital

Brett James

BMO Capital Markets

Dave Gagliano

Clarkson Platou Securities Jeremy Sussman
FBR & Co. Lucas Pipes
Jefferies

Chris LaFemina

J.P. Morgan John Bridges
Macquarie ResearchAnthony Young
MKM PartnersDaniel Scott
Stifel NicolausPaul Forward
Vertical Research Partnes

Michael Dudas

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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