Hallador Energy Company Stock Price, News & Analysis

Hallador Energy Company (NASDAQ – HNRG) reported a net loss of $3.8 million or $0.12 per share for Q1 2022. The acquisition of the 1-Gigawatt Merom Generation Station, expected to close by mid-July 2022, is anticipated to be a pivotal growth driver, potentially doubling adjusted EBITDA starting in 2023. Hallador successfully executed 5.8 million tons of new coal sales contracts in 2021, increasing volumes to 6.8 million tons in 2022, with a projected average sales price increase of $3.29 per ton in 2023. The firm maintains a strong liquidity position with a leverage ratio of 2.34x.

Hallador Energy Company will release its 4th quarter and year-end 2021 financial results on Form 10-K after market close on March 28, 2022. An investor conference call and webcast are scheduled for March 29, 2022, at 2:00 p.m. ET to discuss these results. Interested participants can access the call via the company's website or by dialing in using the provided numbers. A recording will be available until April 5, 2022. Hallador, through its subsidiary Sunrise Coal, produces coal for the electric power generation industry.

Hallador Energy (NASDAQ: HNRG), through Hallador Power Company, will acquire Hoosier Energy's 1-Gigawatt Merom Generating Station, assuming decommissioning and environmental responsibilities. This deal includes a 3.5-year power purchase agreement, closing expected in mid-July 2022. Hoosier will purchase 100% of the plant's energy until May 2023 before reducing to 22% energy output through 2025. This strategic acquisition aims to secure long-term demand for Hallador's coal production while transitioning toward renewable energy. The deal is projected to provide value to shareholders and preserve over 100 local jobs.

Hallador Energy Company (NASDAQ: HNRG) reported a strong financial performance for Q3 2021, with a net income of $8.0 million ($0.26 per share) and adjusted EBITDA of $20.5 million. The company experienced record coal shipments totaling 2.04 million tons, generating $14.6 million in Adjusted Free Cash Flow. A significant decrease in average price per ton and an increase in production costs were noted, although a $3 per ton price increase is anticipated in Q4. Bank debt was reduced to $114.9 million, reflecting a solid liquidity of $41.7 million. The $10 million PPP loan was fully forgiven during July.

Hallador Energy Company plans to release its 3rd quarter 2021 financial results on Form 10-Q after market close on November 8, 2021. Management will hold an investor conference call and webcast on November 9, 2021 at 2:00 p.m. EST to discuss these results. Interested participants can join the call by dialing the respective toll-free numbers for domestic and Canadian callers. The call will be available for replay through November 16, 2021.

Hallador Energy Company (NASDAQ – HNRG) reported a net loss of $3.0 million or ($0.10) per share for Q2 2021, with adjusted EBITDA of $11.3 million. The company added 500,000 tons of contracted sales and expects to ship approximately 1 million more tons in H2 2021, marking a 40% increase in shipments compared to the first half. Total revenues decreased to $55.6 million from $50.9 million year-over-year. As of June 30, bank debt stood at $130.1 million with liquidity at $26.5 million, resulting in a leverage ratio of 2.76X, below the covenant limit.

Hallador Energy Company (HNRG) will release its second quarter 2021 financial results on August 9, 2021. The results will be available on Form 10-Q after market hours. An investor conference call and webcast will follow on August 10, 2021, at 2:00 p.m. ET to discuss these results. Participants can join the call via toll-free numbers provided for domestic and Canadian callers. The replay will be available until August 17, 2021. Hallador, through its subsidiary Sunrise Coal, operates in the coal production sector for electric power generation.

Hallador Energy Company (NASDAQ – HNRG) has announced a collaboration with Hoosier Energy to develop up to 1000 megawatts of renewable energy near the Merom Coal Generation Station in Sullivan, Indiana, which Hoosier plans to retire in May 2023. Hallador aims to generate approximately 200MW from solar and battery storage by 2025 through power purchase agreements. This move signifies Hallador's commitment to transitioning towards renewable energy and supporting customer needs amidst coal plant retirements, ultimately benefiting shareholders and the community.

Hallador Energy Company (NASDAQ – HNRG) reported a net loss of $1.0 million ($0.03 per share) for Q1 2021, a significant improvement compared to a loss of $3.7 million in Q1 2020. Adjusted EBITDA decreased to $11.4 million from $13.9 million year-over-year. The company faced shipment delays due to severe cold weather, impacting cash flow, but projected an increase in coal sales by 400,000 tons for the year. Production costs fell to $28.88 per ton from $31.67 in Q1 2020. As of March 31, 2021, bank debt stood at $136.1 million, with a leverage ratio of 2.78X.