Hallador Energy pany(HNRG)

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Kirby McInerney LLP is Investigating Potential Shareholder Claims Against Hallador Energy Company (HNRG)
GlobeNewswire News Room· 2025-06-14 00:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Hallador Energy Company regarding possible violations of federal securities laws and unlawful business practices [1]. Group 1: Company Developments - On May 23, 2025, Hallador disclosed the termination of its exclusivity agreement with a datacenter developer for a potential power supply deal [1]. - Hallador stated that discussions for an additional exclusivity period are ongoing, along with non-exclusive discussions with other parties [1]. - Following the announcement, Hallador's share price fell by $1.38, from $18.83 on May 22, 2025, to $17.45 on May 23, 2025 [1]. Group 2: Legal Investigation - The investigation by Kirby McInerney LLP focuses on whether Hallador and/or its officers have engaged in unlawful business practices [1]. - Investors who purchased Hallador securities and have information related to the investigation are encouraged to contact the law firm [2].
Hallador Energy Company Appoints Todd Telesz as Chief Financial Officer
Globenewswire· 2025-06-04 12:30
Core Points - Hallador Energy Company announced the appointment of Todd Telesz as Chief Financial Officer, effective June 23, 2025, succeeding Marjorie Hargrave [1] - Marjorie Hargrave contributed significantly to reducing operating and overhead expenses and improving financial reporting processes during her tenure [1][3] - Todd Telesz has extensive experience in the power sector, having served as CFO of Tri-State Generation and Transmission Association and CEO of Basin Electric [2] - The company aims to advance its acquisition strategy in the power market, particularly as energy cooperatives retire fossil-based generation assets [3] Company Overview - Hallador Energy Company is a vertically-integrated Independent Power Producer based in Terre Haute, Indiana, with two core businesses: Hallador Power Company, LLC, and Sunrise Coal, LLC [5] - Hallador Power Company operates the one-Gigawatt Merom Generating Station, while Sunrise Coal supplies fuel to this station and other companies [5]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hallador Energy Company - HNRG
GlobeNewswire News Room· 2025-06-02 17:22
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Hallador Energy Company and its officers or directors [1] Group 1: Company Developments - On May 23, 2025, Hallador announced the termination of its exclusivity agreement with a datacenter developer regarding a potential power supply deal, leading to ongoing discussions for a new exclusivity period and evaluations of opportunities with other parties [3] - Following the announcement, Hallador's stock price decreased by $1.38 per share, or 7.33%, closing at $17.45 per share on the same day [3] Group 2: Legal Investigation - Pomerantz LLP is actively seeking claims from investors of Hallador Energy Company, indicating a serious investigation into possible securities fraud [1] - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of recovering significant damages for victims of securities fraud [4]
Hallador Energy to Participate in Upcoming Investor Conferences
Globenewswire· 2025-05-15 12:30
Core Viewpoint - Hallador Energy Company is actively participating in three investor conferences in May and June 2025, indicating its commitment to engaging with investors and enhancing visibility in the market [1]. Company Overview - Hallador Energy Company is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana, with two main business segments: Hallador Power Company, LLC, which operates the one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to the Merom Generating Station and other clients [3]. Upcoming Conferences - The company will participate in the B. Riley Securities 25th Annual Investor Conference on May 21-22, where it will engage in an analyst-hosted roundtable and hold one-on-one meetings [4]. - Hallador will also attend the Jefferies Power Conference on June 5, conducting one-on-one meetings throughout the day [4]. - Additionally, the company is set to participate in the Northland Growth Conference, which will be held virtually on June 25, also featuring one-on-one meetings [4].
Hallador Energy pany(HNRG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:02
Financial Data and Key Metrics Changes - Total operating revenue increased to $117.8 million for Q1 2025 compared to $94.8 million in Q4 2024 and $111.6 million in the prior year period [14] - Net income improved to $10 million for Q1 2025 compared to net losses of $215.8 million in Q4 2024 and the prior year period [14] - Operating cash flow increased to $38.4 million for Q1 2025 compared to $32.5 million in Q4 2024 and $16.4 million in the prior year period [14] - Adjusted EBITDA increased significantly to $19.3 million for Q1 2025 compared to $6.2 million in Q4 2024 and $6.8 million in the prior year period [14] - Total bank debt reduced to $23 million as of March 31, 2025, compared to $44 million at December 31, 2024, and $77 million at March 31, 2024 [15] - Total liquidity increased to $69 million as of March 31, 2025, compared to $37.8 million at December 31, 2024, and $39.5 million at March 31, 2024 [15] Business Line Data and Key Metrics Changes - Electric sales for Q1 2025 increased to $85.9 million compared to $69.7 million in Q4 2024 and $60.7 million in the prior year period [13] - Coal sales were $54.8 million for Q1 2025 compared to $42.4 million in Q4 2024 and $66 million in the prior year period, reflecting a strategic reduction in coal production [13] Market Data and Key Metrics Changes - The forward power curves indicate increasing margins for energy produced at the Merum plant, with accredited capacity sold at prices exceeding $600 per megawatt day in the recent MISO auction [9] - Approximately 3 million megawatt hours have been contracted for the balance of 2025 at an average price of $37.20, and 3.4 million megawatt hours for 2026 at an average price of $44.43 [10] Company Strategy and Development Direction - The company is focused on a strategic shift to a vertically integrated independent power producer, leveraging strong counterparty relationships to manage price volatility [5] - Ongoing negotiations with a leading global data center developer are progressing, with the potential for long-term supply agreements [6] - The company is exploring opportunities to acquire additional dispatchable assets to enhance scale and diversify revenue streams [7] - Plans to evaluate the addition of natural gas co-firing capabilities at the Merum plant to provide fuel flexibility and manage operating expenses [8] Management's Comments on Operating Environment and Future Outlook - Management believes the trend of retiring dispatchable generators in favor of non-dispatchable resources will lead to energy market volatility, enhancing the value of their subsidiary, Howard Power [7] - The company expects to produce approximately 3.8 million tons of coal in 2025, with the potential to increase production if market conditions support it [11] - There is growing demand for reliable power, particularly as grid volatility increases, positioning the company well for sustained growth [12] Other Important Information - The company did not utilize its ATM program in the first quarter and has not used it since Q2 2024 [15] Q&A Session Summary Question: Regarding the exclusivity period with the initial counterparty - Management is evaluating whether to grant an extension for the exclusivity period or continue negotiations non-exclusively while considering other interests [20] Question: Final steps in negotiations with the initial counterparty - Most major points have been negotiated, and the focus is now on finalizing details with the hyperscaler and ensuring alignment among all parties [22] Question: Timing and capital intensity for co-firing with natural gas - The company is analyzing the feasibility of co-firing and expects to provide updates in the future, indicating that the project is very feasible [25] Question: Structure of long-term deals with hyperscalers - The negotiated structure for energy sales is on a unit contingent basis for over a decade in length [26]
Hallador Energy pany(HNRG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:02
Financial Data and Key Metrics Changes - Total operating revenue for Q1 2025 increased to $117.8 million compared to $94.8 million in Q4 2024 and $111.6 million in the prior year period [16] - Net income improved to $10 million in Q1 2025 from a net loss of $215.8 million in Q4 2024 and the prior year period [16] - Operating cash flow increased to $38.4 million in Q1 2025 from $32.5 million in Q4 2024 and $16.4 million in the prior year period [16] - Adjusted EBITDA rose significantly to $19.3 million in Q1 2025 from $6.2 million in Q4 2024 and $6.8 million in the prior year period [16] - Total bank debt was reduced to $23 million as of March 31, 2025, down from $44 million at the end of Q4 2024 and $77 million at the end of Q1 2024 [17] - Total liquidity increased to $69 million as of March 31, 2025, compared to $37.8 million at the end of Q4 2024 and $39.5 million at the end of Q1 2024 [17] Business Line Data and Key Metrics Changes - Electric sales for Q1 2025 increased to $85.9 million compared to $69.7 million in Q4 2024 and $60.7 million in the prior year period [15] - Coal sales were $54.8 million for Q1 2025, compared to $42.4 million in Q4 2024 and $66 million in the prior year period, reflecting a strategic reduction in coal production [15] Market Data and Key Metrics Changes - The forward power curves indicate increasing margins for energy produced at the Merum plant, with accredited capacity sold at prices exceeding $600 per megawatt day in the recent MISO auction [10] - Approximately 3 million megawatt hours have been contracted for the balance of 2025 at an average price of $37.20, and 3.4 million megawatt hours for 2026 at an average price of $44.43, reflecting strong market demand [11] Company Strategy and Development Direction - The company is focused on becoming a vertically integrated independent power producer, leveraging strong counterparty relationships to manage price volatility and demand fluctuations [5][6] - Ongoing negotiations with a leading global data center developer are progressing, with the potential for long-term energy supply agreements [6][7] - The company is exploring opportunities to acquire additional dispatchable assets to enhance scale and diversify revenue streams [8] - Plans to evaluate the addition of natural gas co-firing capabilities at the Merum plant to provide fuel flexibility and manage operating expenses [9] Management's Comments on Operating Environment and Future Outlook - Management believes that the trend of retiring dispatchable generators in favor of non-dispatchable resources will create volatility in energy markets, enhancing the value of their operations [8] - The company expects to produce approximately 3.8 million tons of coal in 2025, with the potential to increase production if market conditions support it [12] - There is growing demand for reliable power, particularly as grid volatility increases, positioning the company well for sustained growth [14] Other Important Information - The company did not utilize its ATM program in the first quarter and has not used it since Q2 2024 [17] - The company is optimistic about selling energy at higher prices in support of data center development and traditional wholesale customers beyond 2026 [11] Q&A Session Summary Question: Regarding the exclusivity period with the counterparty - Management is evaluating whether to grant an extension for the exclusivity period or continue negotiations non-exclusively while considering other interests [20][22] Question: Final steps in negotiations with the initial counterparty - Most major points have been negotiated, and the focus is now on finalizing details with the hyperscaler and ensuring alignment among all parties [24][25] Question: Timing and capital intensity for co-firing with natural gas - The company is analyzing the feasibility of co-firing and expects to provide updates in the future, with positive indications from contractors [26][28] Question: Structure of long-term deals with hyperscalers - The structure has been negotiated to be on a unit contingent basis for over a decade in length [30]
Hallador Energy pany(HNRG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:00
Financial Data and Key Metrics Changes - Total operating revenue for Q1 2025 increased to $117.8 million compared to $94.8 million in Q4 2024 and $111.6 million in the prior year period [17] - Net income improved to $10 million in Q1 2025 from a net loss of $215.8 million in Q4 2024 and a loss in the prior year period [17] - Operating cash flow increased to $38.4 million in Q1 2025 from $32.5 million in Q4 2024 and $16.4 million in the prior year period [17] - Adjusted EBITDA rose significantly to $19.3 million in Q1 2025 from $6.2 million in Q4 2024 and $6.8 million in the prior year period [17] - Total bank debt was reduced to $23 million as of March 31, 2025, down from $44 million at the end of Q4 2024 and $77 million a year earlier [18] Business Line Data and Key Metrics Changes - Electric sales for Q1 2025 increased to $85.9 million compared to $69.7 million in Q4 2024 and $60.7 million in the prior year period, driven by new contracts and higher energy pricing [16] - Coal sales were $54.8 million in Q1 2025, compared to $42.4 million in Q4 2024 and $66 million in the prior year period, reflecting a strategic reduction in coal production [16] Market Data and Key Metrics Changes - The forward power curves indicate increasing margins for energy produced at the Merum plant, with accredited capacity sold at prices exceeding $600 per megawatt day in the recent MISO auction [11] - Approximately 3 million megawatt hours have been contracted for the balance of 2025 at an average price of $37.20, and 3.4 million megawatt hours for 2026 at an average price of $44.43, indicating strong market demand [12] Company Strategy and Development Direction - The company is focusing on becoming a vertically integrated independent power producer and is exploring opportunities to acquire additional dispatchable assets to enhance scale and diversify revenue streams [9] - Ongoing negotiations with a leading global data center developer are progressing, with the potential for long-term supply agreements [6][7] - The company is evaluating the addition of natural gas co-firing capabilities at the Merum plant to provide fuel flexibility and better control operating expenses [10] Management's Comments on Operating Environment and Future Outlook - Management believes that the trend of retiring dispatchable generators in favor of non-dispatchable resources will lead to increased volatility in energy markets, enhancing the value of their subsidiary, Howard Power [9] - The company expects to produce approximately 3.8 million tons of coal in 2025, with the potential to increase production if market conditions justify it [13] - There is growing demand for reliable power, particularly as grid volatility increases, positioning the company well for sustained growth [14] Other Important Information - The company has not utilized its ATM program since Q2 2024, indicating a focus on reducing debt and maintaining liquidity [18] - Total liquidity as of March 31, 2025, was $69 million, up from $37.8 million at the end of Q4 2024 [18] Q&A Session Summary Question: Update on exclusivity period negotiations - Management is evaluating whether to grant an extension for the exclusivity period with the current counterparty while considering other unsolicited offers [21][23] Question: Final steps in negotiations with the initial counterparty - Most major points have been negotiated, and the focus is now on finalizing details with the hyperscaler and ensuring alignment among all parties involved [24][25] Question: Timing and capital intensity for co-firing with natural gas - The company is analyzing the feasibility of co-firing and expects to provide updates on capital costs and timing in the future [26][28] Question: Structure of long-term deals with hyperscalers - The structure has been negotiated to be on a unit contingent basis for over a decade in length [29][30]
Hallador Energy pany(HNRG) - 2025 Q1 - Quarterly Report
2025-05-12 21:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number:001-34743 HALLADOR ENERGY COMPANY Registrant's telephone number, including area code: 812.299.2800 (www.halladorenergy.com) Colorado 84-1014610 (State of incor ...
Hallador Energy pany(HNRG) - 2025 Q1 - Quarterly Results
2025-05-12 20:19
Financial Performance - Q1 2025 total revenue increased by 6% year-over-year to $117.8 million, driven by a 73% contribution from electric sales, which rose to $85.9 million[1][3] - Q1 net income significantly improved to $10.0 million, with adjusted EBITDA up approximately 3x year-over-year to $19.3 million[1][3] - Total sales and operating revenues for Q1 2025 were $117,787,000, an increase of 5.4% compared to $111,574,000 in Q1 2024[17] - Electric sales increased to $85,943,000 in Q1 2025 from $60,681,000 in Q1 2024, representing a growth of 41.5%[17] - Net income for Q1 2025 was $9,979,000, a significant improvement from a net loss of $1,696,000 in Q1 2024[17] - Basic net income per share for Q1 2025 was $0.23, compared to a loss of $0.05 per share in Q1 2024[17] - Cash provided by operating activities in Q1 2025 was $38,419,000, up from $16,369,000 in Q1 2024[19] Cash Flow and Debt Management - Operating cash flow for Q1 2025 was $38.4 million, supporting debt repayment and capital expenditures, which totaled $11.7 million[1][3] - Total bank debt was reduced to $23.0 million as of March 31, 2025, down from $44.0 million at the end of 2024[3] - Payments on bank debt in Q1 2025 totaled $33,000,000, compared to $26,500,000 in Q1 2024[21] - Cash, cash equivalents, and restricted cash at the end of Q1 2025 were $16,207,000, an increase from $6,372,000 at the end of Q1 2024[21] Capital Expenditures and Resource Allocation - Capital expenditures in Q1 2025 were lower than the previous year, reflecting a focus on efficient resource allocation[3] - Capital expenditures for Q1 2025 were $11,693,000, down from $14,874,000 in Q1 2024[21] Future Growth and Strategic Initiatives - Hallador has secured $1.1 billion in forward energy, capacity, and coal sales to third-party customers through 2029, indicating strong future revenue potential[3][9] - The company is negotiating a long-term supply agreement with a leading global data center developer, which could enhance future capacity and energy supply[2][10] - Hallador's strategic shift to a vertically integrated independent power producer is expected to drive sustained growth amid rising demand for reliable power[2][10] - Hallador's evaluation of dual-fuel capabilities and potential acquisitions of dispatchable generation assets reflects confidence in long-term growth opportunities[2][10] Liquidity and Current Liabilities - The company reported a total liquidity of $69.0 million as of March 31, 2025, compared to $37.8 million at the end of 2024[3] - Total current liabilities increased to $177,052,000 in Q1 2025 from $152,903,000 in Q4 2024[15] - Total assets decreased slightly to $366,097,000 in Q1 2025 from $369,120,000 in Q4 2024[15]
Hallador Energy Company Reports First Quarter 2025 Financial and Operating Results
Globenewswire· 2025-05-12 20:05
Core Insights - Hallador Energy Company reported a strong financial performance in Q1 2025, with total revenue increasing by 6% year-over-year to $117.8 million, driven primarily by a significant rise in electric sales [1][5] - The company achieved a net income of $10.0 million, translating to earnings per share of $0.23, marking a substantial improvement compared to the previous year [1][5] - Operating cash flow surged approximately 2x year-over-year to $38.4 million, while adjusted EBITDA rose nearly 3x year-over-year to $19.3 million [1][5] Financial Performance - Total revenue for Q1 2025 was $117.8 million, up 6% from Q1 2024 and 24% from Q4 2024, with electric sales contributing $85.9 million, representing 73% of the revenue mix [4][5] - Net income increased to $10.0 million from a loss of $1.7 million in Q1 2024, with adjusted EBITDA rising to $19.3 million from $6.8 million in the same period last year [6][20] - Operating cash flow for the quarter was $38.4 million, compared to $16.4 million in Q1 2024, supporting debt repayment and capital expenditures [5][23] Strategic Developments - The company is negotiating with a leading global data center developer for a long-term supply of capacity and energy, with significant investments made by the partner [2] - Hallador is focusing on dual-fuel capabilities and potential acquisitions of dispatchable generation assets to enhance its growth prospects [2] - The company has a robust contracted sales book, with total forward energy, capacity, and coal sales to third-party customers amounting to $1.1 billion through 2029 [5][10] Debt and Liquidity - Total bank debt was reduced to $23.0 million as of March 31, 2025, down from $44.0 million at the end of 2024 and $77.0 million a year earlier [5][6] - Total liquidity increased to $69.0 million at the end of Q1 2025, compared to $37.8 million at the end of 2024 [5][6] Capital Expenditures - Capital expenditures in Q1 2025 were $11.7 million, a decrease from $14.9 million in the same period last year [5][26]