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 (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.