Hallador Energy Company Stock Price, News & Analysis

Hallador Energy Company (HNRG) reported a net income of $18.1 million, or $0.57 per share, for the full year 2022, a significant improvement from a net loss of $3.8 million in 2021. The company generated $54.2 million in operating cash flow and reduced bank debt by $26.5 million. In 2022, Hallador signed 2.2 million tons of new coal contracts at an average price of $125 per ton. The average coal sales price increased to $45.64 in 2022, with a projected price of $58.70 per ton in 2023. The acquisition of Merom Generating Station enhances operational flexibility and market access starting in 2024. Hallador is well-positioned with contracted tons for the coming years.

Hallador Energy Company has announced plans to release its 4th quarter and full year 2022 financial results on Form 10-K after market close on March 16, 2023. The company will hold an investor conference call and webcast on March 17, 2023, at 2:00 p.m. ET to discuss the results. The call will be accessible through Hallador's website and will include dial-in options for participants. A recording will be available until March 24, 2023. Hallador Energy is based in Terre Haute, Indiana.

Hallador Energy Company (NASDAQ – HNRG) reported a net income of $1.6 million ($0.05 per share) and adjusted EBITDA of $18.4 million for Q3 2022. The company has signed higher-priced contracts, enhancing margins to $3.16 per ton, despite production costs rising to $37.46 per ton. Following the acquisition of the Merom Generating Station, Hallador reduced its bank debt by $44 million (34%) and aims to be net debt-free by 2023. With contracted tons priced at an average of $49.00 for Q4 2022 and $58.00 for 2023, Hallador is positioned for future growth.

Hallador Energy Company (HNRG) plans to release its third quarter 2022 financial results on Form 10-Q after market close on November 14, 2022. An investor conference call will take place on November 15, 2022, at 2:00 p.m. ET to discuss the financial results. The call will be available via webcast on the company's website, and a recording will be accessible until November 22, 2022. Investors can participate by dialing the provided numbers, with access codes available for the call and replay.

Hallador Energy Company (NASDAQ – HNRG) has successfully acquired the 1-Gigawatt Merom Generating Station from Hoosier Energy. This acquisition is facilitated through Hallador's new subsidiary, Hallador Power Company, LLC, and involves taking on certain decommissioning and environmental responsibilities. A 3.5-year power purchase agreement (PPA) will ensure Hoosier purchases all energy and capacity from the plant until May 2023, with reduced purchases thereafter. This strategic move is seen as a pathway to transition the facility to renewable energy and aims to diversify Hallador's earnings platform.

Hallador Energy Company (NASDAQ – HNRG) reported a net loss of $3.4 million, or $0.11 per share, for Q2 2022, alongside an adjusted EBITDA of $11.5 million. The company improved its cost structure by approximately $8 per ton compared to Q1, achieving production of 1.8 million tons at a cost of $31.83 per ton. It raised $29 million in convertible debt to boost liquidity and signed contracts for 2.2 million tons of future sales at over $125 per ton. The acquisition of the Merom power plant is pending approvals.

Hallador Energy Company (HNRG) announced plans to release its second quarter 2022 financial results on Form 10-Q after the market closes on August 15, 2022. An investor conference call will take place on August 16, 2022, at 2:00 p.m. ET to discuss the results. The call will be available via webcast on Hallador's website, and a recording will be accessible until August 23, 2022.

Hallador Energy Company (HNRG) announced new coal contracts boosting volumes and pricing for Q4 2022 through 2023, increasing EBITDA guidance to $160MM. Expected average coal prices are set at $56.50 per ton for Q4 2022 and $58.50 for Q1-Q4 2023, with total volumes rising to 1.8MM tons. Enhanced production will originate from the Oaktown Mining Complex and new sites near Petersburg and Freelandville, though costs may rise to $36/ton. Acquisition of the Merom Power Plant is anticipated to close in Q3 2022 but won't significantly impact EBITDA until later.

Hallador Energy Company will host an investor conference call on May 24, 2022, at 2:00 p.m. ET to discuss its 1st quarter 2022 financial results. The call will be available via webcast on the company's website and can be accessed through a toll-free US dial-in number. An audio recording will be available until May 31, 2022. Hallador, based in Terre Haute, Indiana, produces coal through its subsidiary Sunrise Coal for the electric power generation sector.