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.
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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.