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) 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.
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