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 (symbol: HNRG) is a prominent player in the coal and energy industry, headquartered in Terre Haute, Indiana. Established in 1949, the company, through its subsidiaries, is primarily involved in the mining, production, and sale of steam coal for the electric power generation sector in the United States.
Hallador's operations are concentrated in the Illinois Basin, with key assets including the Oaktown 1 and Oaktown 2 underground mines in Knox County, Indiana, and Lawrence County, Illinois, as well as the Carlisle underground mine near Carlisle, Indiana, and the Ace in the Hole mine near Clay City, Indiana. In addition to coal production, Hallador is also engaged in gas exploration activities within Indiana.
The company operates through two primary segments: Coal Operations and Electric Operations. The Coal Operations segment is a significant revenue driver, catering to the burgeoning needs of the electric power generation industry. The Electric Operations segment, managed by Hallador's subsidiary Hallador Power, LLC, includes operations at the Merom Generating Station, a 1GW facility.
Hallador Energy has shown remarkable financial performance, reporting a net income of $39.0 million and $16.9 million for the first half and second quarter of 2023, respectively. The company's focus on reducing debt has resulted in a leverage ratio of less than 1.0 times EBITDA, enhancing its financial stability. As of June 30, 2023, Hallador increased its liquidity to $56.9 million following the closure of a $140 million credit agreement.
Recent strategic moves include a workforce reduction aimed at streamlining operations and improving efficiency. Despite these challenges, Hallador remains committed to providing steady returns for its stakeholders. The company's leadership anticipates a significant shift in revenue sources, with electric operations expected to surpass coal operations in the near future.
Hallador continues to focus on long-term growth and sustainability, evidenced by its successful forward energy and capacity sales amounting to $657 million. The company is also planning to transition its SIC code to better reflect its evolving business model centered on electric services.
For more information, visit Hallador Energy's official website.
Hallador Energy Company (HNRG) has announced that its subsidiary, Hallador Power Company, signed a Conversion Transaction Commitment Agreement with a leading global data center developer on January 2, 2025. The agreement provides 105 Business Days of exclusivity in negotiations and includes potential payments of up to $5 million to Hallador Power, structured as $1 million in January, $2 million in March, and $2 million in June, contingent on certain conditions.
During the exclusivity period, the parties will work to finalize utility partner selection and complete definitive agreements. If successful, the transaction is expected to contract the majority of Hallador's energy and capacity at above-market prices for more than a decade. The agreement follows a non-binding term sheet signed in Q3 2024 and aims to support energy delivery to a potential data center development in Indiana.
Hallador Energy reported Q3 2024 financial results with total revenue of $105.0 million and net income of $1.6 million. The company signed a non-binding term sheet with a global data center developer for 10+ years power supply. Electric sales increased 21% to $71.7 million, while Adjusted EBITDA reached $9.6 million. Post quarter-end, the company secured a $60 million prepaid power purchase agreement, using $54 million to reduce bank debt. Total forward energy, capacity and coal sales reached $937.2 million through 2029.
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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