Hallador Energy Company - HNRG STOCK NEWS

Hallador Energy Company (HNRG) reported Q4 2024 financial results, with total revenue of $94.2 million and full-year revenue of $404.4 million. Q4 operating cash flow increased to $32.5 million, with FY'24 at $65.9 million. Q4 Adjusted EBITDA grew approximately 3x year-over-year to $6.2 million.

The company is transitioning from a bituminous coal producer to a vertically integrated independent power producer (IPP). In Q4, electric sales represented 74% of total revenue at $69.7 million, while coal sales decreased to 23.4 million. The company reduced coal production by 40% and recorded a $215 million non-cash write-down of its Sunrise Coal subsidiary.

Hallador signed an exclusive commitment agreement with a global data center developer, effective January 2025, potentially selling majority power production for over a decade. The company reduced bank debt by over 50% to $44 million and maintained total liquidity of $37.8 million at year-end.

Hallador Energy Company (Nasdaq: HNRG) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for March 17, 2025, at 5:30 p.m. Eastern time. The company will release its financial results press release before the conference call.

The management team will lead the conference call, which will include a question-and-answer session. Shareholders and interested parties can submit their questions in advance by emailing HNRG@elevate-ir.com. The event will be accessible through both a dial-in registration link and a live webcast option.

Additionally, the conference call will be broadcast live and available for replay in the investor relations section of Hallador's website at www.halladorenergy.com.

Hallador Energy Company (HNRG) has announced that its subsidiary, Hallador Power Company, signed a Conversion Transaction Commitment Agreement with a leading global data center developer on January 2, 2025. The agreement provides 105 Business Days of exclusivity in negotiations and includes potential payments of up to $5 million to Hallador Power, structured as $1 million in January, $2 million in March, and $2 million in June, contingent on certain conditions.

During the exclusivity period, the parties will work to finalize utility partner selection and complete definitive agreements. If successful, the transaction is expected to contract the majority of Hallador's energy and capacity at above-market prices for more than a decade. The agreement follows a non-binding term sheet signed in Q3 2024 and aims to support energy delivery to a potential data center development in Indiana.

Hallador Energy reported Q3 2024 financial results with total revenue of $105.0 million and net income of $1.6 million. The company signed a non-binding term sheet with a global data center developer for 10+ years power supply. Electric sales increased 21% to $71.7 million, while Adjusted EBITDA reached $9.6 million. Post quarter-end, the company secured a $60 million prepaid power purchase agreement, using $54 million to reduce bank debt. Total forward energy, capacity and coal sales reached $937.2 million through 2029.

Hallador Energy Company (Nasdaq: HNRG) has scheduled its third quarter 2024 earnings conference call for Tuesday, November 12, 2024, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended September 30, 2024, before the call. Management will host the conference call followed by a Q&A session. Investors can submit questions in advance via email to HNRG@elevate-ir.com. The call will be accessible through dial-in registration and webcast, with replay available in the investor relations section of the company's website.

Hallador Energy Company (HNRG) reported Q2 2024 financial results with total revenue of $90.9 million and a net loss of $10.2 million or $(0.27) per share. The company generated $23.5 million in operating cash flow but faced an Adjusted EBITDA loss of $(5.8) million. Challenging market conditions for spot electricity sales due to surplus natural gas inventory impacted performance.

Despite challenges, Hallador strengthened its balance sheet, reducing total bank debt to $45.5 million and improving total liquidity to $60.7 million. The company secured a $45 million prepayment for an 11-month forward power sale, representing 22% of projected annual output. Hallador continues to focus on electric sales as an independent power producer and has total forward energy and capacity sales of $871.7 million through 2029.

Hallador Energy Company (Nasdaq: HNRG) has scheduled its Second Quarter 2024 Conference Call for August 6, 2024, at 5:00 p.m. ET. The company will discuss its financial results for the quarter ended June 30, 2024. A press release detailing the results will be issued prior to the call. Management will host the conference call, which will be followed by a question-and-answer session.

Interested parties can submit questions in advance via email to HNRG@elevate-ir.com. The call can be accessed via phone or webcast, with replay options available on the company's investor relations website. For any connection issues, Elevate IR can be contacted at (720) 330-2829.

Hallador Energy Company reported a net loss of $1.7 million, $(0.05) basic earnings per share, operating cash flow of $16.4 million, and adjusted EBITDA of $6.8 million for Q1 2024. The company is transitioning to an independent power producer, with Electric Operation revenue surpassing Coal Operation revenue. Forward sales book increased to $657.0 million, supporting the shift. Coal Division restructuring aims to improve margins. Solid forward sales position and revenue contracts through 2029 reflect positive growth.

Hallador Energy Company will announce its first quarter 2024 financial results on May 6, 2024, followed by a conference call on May 7, 2024. The call will be webcast live on their website.