Welcome to our dedicated page for Hallador Energy Company news (Ticker: HNRG), a resource for investors and traders seeking the latest updates and insights on Hallador Energy Company stock.
Hallador Energy Company (Nasdaq: HNRG) generates a steady stream of news related to its combined coal and power operations. The company describes itself as a vertically integrated Independent Power Producer (IPP) based in Terre Haute, Indiana, with two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at the approximately one gigawatt Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to Merom and other companies. News about Hallador often centers on developments at this power plant and the coal operations that support it.
Investors following HNRG news can expect regular updates on financial and operating results, typically released through quarterly press releases that are also furnished on Form 8-K. These announcements detail segment performance in electric sales and coal sales, contracted positions for energy, capacity, and coal, and non-GAAP measures such as Adjusted EBITDA. They also discuss factors affecting results, such as maintenance outages at Merom, energy pricing environments, and coal production trends.
Hallador’s news flow also includes capital markets activity and development initiatives. Recent releases have covered underwritten public offerings of common stock and the use of an automatic shelf registration statement on Form S-3, with stated intentions to use proceeds for general corporate purposes, including potential commitments for equipment related to a planned additional natural gas generating facility. Other updates describe the company’s application into the Expedited Resource Addition Study (ERAS) program for additional natural gas generation adjacent to the Merom site.
Corporate governance and leadership changes are another recurring theme. Hallador has announced board appointments and executive transitions, including the appointment of a new chief financial officer and the addition of directors with experience in power markets and grid operations. Conference call and webcast notices accompany quarterly results, and the company also issues notices about participation in investor conferences. For readers tracking HNRG, this news page provides a centralized view of Hallador’s operational, financial, capital markets, and governance developments over time.
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.
Hallador Energy Company (HNRG) will release its first quarter 2021 financial results on May 3, 2021, after market close. An earnings conference call is scheduled for May 4, 2021, at 2:00 p.m. ET, where management will discuss the results. Investors can participate via a toll-free domestic line or through a webcast available on the company's website. Replay options will be available until May 11, 2021. Hallador operates through its subsidiary, Sunrise Coal, and produces coal primarily for the electric power generation sector.
Hallador Energy Company (HNRG) reported a net loss of $6.2 million for 2020, a significant improvement from $59.9 million the previous year. The company achieved $52.6 million in positive operating cash flow, using it to reduce bank debt by 24% ($42.4 million), bringing total bank debt to $137.7 million. Shipments totaled 6.0 million tons with an average price of $40.56 per ton. Extended contracts with customers are expected to aid future sales. The company maintains liquidity of $51.8 million and is positioned well for recovery in energy markets.
Hallador Energy Company plans to release its fourth quarter and full-year 2020 financial results on Form 10-K after market close on March 8, 2021. Management will host a conference call and webcast on March 9, 2021, at 2:00 p.m. ET to discuss these financial results. The call will be available on their website and through respective domestic and Canadian toll-free numbers. The conference replay will be accessible until March 15, 2021.
Hallador Energy Company (HNRG) announced on December 21, 2020, that it has regained compliance with Nasdaq's minimum bid price requirement. The notification, received on December 17, confirmed that HNRG's common stock closing bid price was at or above $1.00 for ten consecutive business days. This compliance reinstatement indicates stability in the company's stock performance, and Nasdaq has now closed this matter.
Hallador Energy Company (NASDAQ – HNRG) reported a net income of $1.9 million, equating to $0.06 per share for Q3 2020. The company has successfully reduced its bank debt by $33 million this year, aiming for a total reduction of 20%-25%. Operating cash flow was reported at $34.1 million, with coal shipments expected to improve in Q4. As of September 30, liquidity was $52.7 million and leverage stood at 2.46X, comfortably below the 3.5X covenant. Despite economic uncertainties due to COVID-19, Hallador maintains a strong contracted sales position through 2022.
Hallador Energy Company (HNRG) plans to release its third quarter 2020 financial results on Form 10-Q after market close on November 2, 2020. An investor conference call will take place on November 3, 2020, at 2:00 p.m. ET to discuss the results. The call will be accessible via a live webcast and through dial-in options for domestic and Canadian callers. Replay options will be available until November 10, 2020.
Hallador, through its subsidiary Sunrise Coal, produces coal for the electric power generation industry.
Hallador Energy Company (HNRG) reported a net income of $0.25 million for Q2 2020, translating to $0.01 per share. Adjusted EBITDA was $13.2 million, despite challenges from the pandemic. Production costs decreased by 9% to $28.94 per ton, though sales volumes dropped due to shipment delays. The company reduced bank debt by $19 million, with operating cash flow reported at $17.2 million. Liquidity stood at $52.6 million, maintaining a leverage ratio below 3.0X. Sales guidance is suspended, but contracted sales through 2022 remain strong, totaling 14.2 million tons at set prices.
Hallador Energy Company (HNRG) has announced the release of its second quarter 2020 financial results, scheduled for August 3, 2020. The company will file its results on Form 10-Q after market close. Following this, a conference call and webcast will be held on August 4, 2020, at 2:00 p.m. ET to discuss the results in detail. Interested participants can join via toll-free numbers or through the live webcast available on Hallador's website. Hallador, based in Terre Haute, Indiana, operates in coal production for the electric power generation industry.