Hallador Energy Company reports developments tied to its vertically integrated independent power and fuel business in Indiana. The company operates electric and coal businesses, with electric operations in the Midcontinent Independent System Operator footprint and coal operations that support its fuel and sales activities.
Recurring HNRG news includes financial and operating results, accredited capacity sales, energy and coal sales, contracted revenue updates, credit facilities, and liquidity actions. Company updates also cover board composition, executive roles, compensation plans, risk oversight, and other governance matters connected to Hallador’s power-generation and coal operations.
Hallador Energy Company (Nasdaq: HNRG) will host its third-quarter results conference call on November 9, 2026, at 5:00 p.m. Eastern time. Results for the quarter ended September 30, 2026, will be released before the call. Management will host a question-and-answer period, and a live broadcast and replay will be available on the company’s investor relations website.
Hallador Energy (HNRG) signed approximately $700 million in six-year capacity and energy agreements for deliveries from its Merom Generating Station. Deliveries to an investment-grade MISO Zone 6 utility run from June 1, 2029, through May 31, 2035. The agreements are effective upon signing and require no regulatory approval. Capacity revenue is approximately $271 million; Hallador estimates energy revenue of approximately $422 million based on current forward prices.
The segment-level forward sales book reaches $3 billion, with approximately 95% of Merom’s accredited capacity contracted through 2035. Energy deliveries depend on plant output, with no replacement-power obligation; the utility can reduce base quantities to zero for up to 90 days annually. Hallador also submitted an air permit application for its 460-MW Turtle Creek gas project, which would expand generating capacity by over 40% once approved.
Hallador Energy (HNRG) closed a new debt financing package of up to $675 million on September 15, 2026, to fund its proposed Turtle Creek Gas project.
The package includes a $600 million senior secured term loan facility with a three-year term and a potential two-year extension, of which about $550 million was funded at closing and $50 million is available as a delayed draw for up to 12 months. Hallador can also establish a super-priority revolving credit facility of up to $75 million with a similar tenor. The company expects to use the Facilities mainly for turbine purchase payments, transport and refurbishment, development costs, and construction of the 460-megawatt natural gas-fired Turtle Creek plant, whose total cost is expected to be under $800 million. About $120 million will repay an existing $45 million term loan and $75 million revolver, with remaining proceeds for corporate purposes. As of June 30, 2026, Hallador had approximately $2.4 billion of contracted forward sales that management believes support a path to fully fund Turtle Creek with little to no equity dilution.
Hallador Energy (Nasdaq: HNRG) reported Q2 2026 revenue of $101.5 million, down slightly from $102.8 million, and a net loss of $15.2 million versus prior-year net income of $8.2 million. Adjusted EBITDA was $(2.9) million and operating cash flow was $(23.9) million.
Quarterly results were affected by a planned 60-day outage at Merom Unit 1 for reliability upgrades and higher purchased power costs from limited unplanned downtime at Unit 2. Hallador advanced its 460 MW Turtle Creek Gas project, cutting the expected budget to below $800 million (~$1,700/kW) and targeting commercial operation in the second half of 2028. The interconnection entered MISO’s ERAS process in June, with a final investment decision targeted for September. As of June 30, 2026, consolidated contracted revenue totaled $1.8 billion (and $2.4 billion at the segment level including intercompany coal), and liquidity was $84.2 million with bank debt of $45.0 million.
Hallador Energy (Nasdaq: HNRG) will host a conference call on Monday, August 10, 2026 at 5:00 p.m. Eastern time to discuss its financial results for the quarter ended June 30, 2026. Results will be released prior to the call, which will include a management Q&A and a live webcast with replay via the investor relations section of www.halladorenergy.com.
Hallador Energy (Nasdaq:HNRG) announced that subsidiary Hallador Power was selected by the U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office to begin award negotiations for up to $27.2 million in potential federal funding to modernize the Merom Generating Station in Indiana.
The estimated total project cost is approximately $56.9 million, targeting water management upgrades to meet future Effluent Limitation Guidelines and support reliable energy delivery in MISO zone 6. Hallador does not expect the potential DOE funding to be material to its 2026 financial results and notes there is no guarantee funding will be awarded.
Hallador Energy (NASDAQ:HNRG) agreed to acquire about 460 MW of Siemens gas turbines and related equipment from Energy World Corporation for $350 million (~$760/kW), plus about $100 million of transport, refurbishment, insurance, and logistics, for a total delivered cost of $450 million.
The equipment anchors Hallador’s proposed Merom simple-cycle natural gas project, now progressing through MISO’s ERAS process. Hallador reports no bank debt, a $120 million credit facility, a contracted sales book above $2.1 billion, and a 12‑year capacity agreement over $1 billion. If the project proceeds as anticipated, Hallador expects potential revenue and cash flow from late 2028 to mid‑2029, subject to interconnection, long‑term offtake, financing, permitting, and a final investment decision expected after ERAS completion around September 2026.
Hallador Energy (Nasdaq: HNRG) reported Q1 2026 results and announced a 12-year capacity agreement running 2028–2040 expected to generate more than $1 billion of contracted revenue. Q1 revenue was $101.8M, operating cash flow $20.5M, net loss $(9.3)M and adjusted EBITDA $5.5M.
The capacity-only sale covers ~2/3 of accredited capacity from 2029–2040, doubles forward sales book, and is subject to customary regulatory approvals expected H2 2026.
Hallador Energy (Nasdaq: HNRG) will hold a conference call on Wednesday, May 6, 2026 at 5:00 p.m. ET to discuss first quarter results for the period ended March 31, 2026. Management will present results, take questions, and the results will be released before the call.
Dial-in numbers, conference ID, and a live webcast with replay are available via the company’s investor relations website.
Hallador Energy (NASDAQ:HNRG) signed a three-year agreement to sell substantially all remaining accredited capacity for planning years 2026 through summer 2028 at record pricing.
The capacity is priced at approximately 2x the levels in the company's forward sales book and is expected to generate about $86 million of cumulative revenue over the term. Management says the pricing could support capacity revenues of roughly $130 million annually beginning in 2029, and that Merom's largely fixed cost structure should allow most incremental capacity revenue to flow to operating cash flow. The company also referenced progress on a proposed 515MW natural gas simple cycle project via the ERAS program.