HNRG
Hallador Energy Company20.42
-0.79-3.72%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
894.91MP/E (TTM)
-Basic EPS (TTM)
-4.48Dividend Yield
0%Recent Filings
8-K
New CAO appointed
Hallador Energy appointed Eric Van Deman as Chief Accounting Officer and Senior VP on December 1, 2025. Fresh from Liberty Global's accounting policy role and prior KPMG stint, he starts with $275,000 base salary, $75,000 target bonus, and $100,000 annual RSUs—front-loaded $200,000 vesting over two years. No family ties or related arrangements. Smooth accounting leadership transition.
8-K
10-Q
8-K
Q2 revenue up 10% YoY
Hallador Energy reported Q2 2025 results with total revenue climbing 10% year-over-year to $102.9 million, fueled by coal sales surging to $38.1 million, while net income flipped to $8.2 million from a $10.2 million loss. Adjusted EBITDA rose to $3.4 million amid a planned outage and seasonal dips, offset by strong late-June pricing and cost efficiencies that boosted inventory for H2 ramp-up. Debt hit $45.0 million, but a June credit amendment deferred repayments and a $35.0 million prepaid power deal enhanced liquidity to $42.0 million. Forward sales total nearly $1.0 billion through 2029; they're chasing a long-term PPA amid rising demand.
10-Q
Q2 2025 results
Hallador Energy Company reported Q2 2025 net income of $8.2 million, up from a $10.2 million loss in Q2 2024, driven by improved coal operations and stable electric sales despite a planned outage at Merom. Total revenues rose 9.7% year-over-year to $102.9 million, fueled by higher coal sales and other revenues, while operating expenses fell 10.0% due to lower depreciation and cost efficiencies. The company generated $49.8 million in operating cash flow YTD, up from $39.9 million in 2024, and ended with $9.2 million in cash equivalents and $26.0 million in long-term bank debt. The balance sheet strengthened with $122.2 million in stockholders' equity, up from $104.3 million at year-end 2024. Key drivers included higher coal production and lower costs in coal operations, alongside stable electric operations. Liquidity stood at $42.0 million, supported by a $75.0 million revolver with $32.8 million available. No impairments were recorded in Q2 2025, unlike the prior year. The company entered a $35.0 million prepaid forward power sales contract and amended its credit agreement for flexibility. Forward sales position remains solid with $991.3 million contracted through 2029. Risks include coal market volatility and regulatory changes, but the company maintains compliance with covenants.
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