Financial Performance - Hallador Energy reported a net income of $1.6 million for Q3 2024, with Electric Operations generating $71.9 million in operating revenues, equating to $60.78 per MWh sold, a 41.0% increase in total MWh sold compared to Q2 2024[107]. - The company generated 1,074,000 MWh in Q3 2024, up from 780,000 MWh in Q2 2024, with operating costs improving to $44.42 per MWh from $62.98 per MWh[96]. - Revenues from electric operations increased by $4.4 million, or 6.5%, compared to Q3 2023, driven by new delivered energy and capacity contracts[120]. - Income from operations increased by $22.0 million, or 823.3%, with an increase of $18.39 per MWh sold compared to Q3 2023[122]. - Cash provided by operations for the nine months ended September 30, 2024, was $27.0 million, down from $79.5 million in the same period of 2023[114]. Coal Operations - Coal Operations shipped 0.9 million tons of coal in Q3 2024, with operating revenues of $49.3 million, or $53.27 per ton, and operating expenses of $66.43 per ton, reflecting a $1.59 decrease from Q2 2024[109]. - Operating revenues for coal operations decreased to $49.3 million in Q3 2024 from $134.9 million in Q3 2023[127]. - Income from operations for coal operations was a loss of $12.2 million in Q3 2024 compared to a profit of $24.8 million in Q3 2023[127]. - Segment operating revenues from coal operations decreased by $85.6 million, or 63.4%, compared to Q3 2023[129]. - For the nine months ended September 30, 2024, segment operating revenues from coal operations decreased by $180.6 million, or 52.6%[132]. Cost Management - The restructuring of Sunrise Coal has led to a decrease in operating costs to $66.43 per ton produced, down $1.59 from Q2 2024, following a workforce reduction of over 25%[97]. - Fuel costs decreased by $21.1 million, or 41.6%, compared to Q3 2023, primarily due to reduced electricity sales and lower coal market pricing[121]. - Other operating and maintenance costs increased by $9.3 million, or 56.0%, primarily due to a planned maintenance outage[126]. - Other operating and maintenance costs decreased by $32.7 million, or 54.7%, and labor costs decreased by $10.6 million, or 35.3%, from Q3 2023[130]. Future Outlook - Hallador Power aims to generate approximately 1,500,000 MWh quarterly, with 2,670,000 MWh generated in the first nine months of 2024, achieving 59.3% of its annual target[98]. - The company anticipates continued demand growth for power due to data centers, electric vehicles, and onshoring, particularly in MISO Zone 6, where it holds significant unsold accredited capacity[93]. - Contracted power revenue is projected to total $616.89 million from 2024 to 2029, with a peak of $163.79 million in 2026[113]. - Total contracted revenue is expected to reach $1,420.14 million over the same period, with $365.35 million anticipated in 2026[113]. Debt and Liquidity - The company executed a prepaid forward power sale of $60.0 million, with proceeds used to pay down $20.0 million on its Term Loan, reducing future quarterly payments[94]. - Bank debt was reduced by $21.5 million during the nine months ended September 30, 2024, leaving a total bank debt of $70.0 million[114]. - Total liquidity as of September 30, 2024, was reported at $34.9 million[115]. - The company has an additional borrowing capacity of $31.1 million as of September 30, 2024[115]. Asset Management - The company has recorded a present value of reclamation obligations of $17.1 million, with surety bonds totaling $30.8 million in place to cover these obligations[116]. - The Company is reviewing its Oaktown mining facilities and future mining plans, which may lead to potential impairment of certain mining assets[147]. - The carrying amount of the Company's mining assets is material to its condensed consolidated balance sheet as of September 30, 2024[147]. - Any future impairment of mining assets could be material, but the amount is currently not estimable[147]. Internal Controls - There have been no material changes to the Company's internal control over financial reporting during the quarter ended September 30, 2024[151]. - The Company's disclosure controls and procedures have been evaluated and deemed effective by the CEO and CFO[150].

Financial Performance - Q3 2024 total revenue was $105.0 million, a 12% increase compared to the previous quarter, driven by a 21% rise in electric sales to $71.7 million[4]. - Q3 net income was $1.6 million, a significant improvement from a net loss of $10.2 million in Q2 2024, with adjusted EBITDA rising to $9.6 million from a loss of $5.8 million[5]. - Electric sales for Q3 2024 were $71,715,000, up from $67,403,000 in Q3 2023, while coal sales dropped to $31,662,000 from $97,420,000[18]. - Total sales and operating revenues for the nine months ended September 30, 2024, were $310,175,000, a decrease from $515,296,000 in the same period of 2023[18]. - Net income for Q3 2024 was $1,554,000, compared to $16,075,000 in Q3 2023, reflecting a significant decline[18]. - Operating expenses for the nine months ended September 30, 2024, totaled $310,016,000, down from $440,016,000 in the same period of 2023[18]. - Cash provided by operating activities for the nine months ended September 30, 2024, was $26,985,000, compared to $79,527,000 in the same period of 2023[19]. - Capital expenditures for the nine months ended September 30, 2024, were $39,606,000, down from $48,746,000 in the same period of 2023[19]. - The company reported a net cash increase of $2,518,000 for the nine months ended September 30, 2024, compared to $290,000 in the same period of 2023[19]. Debt and Liquidity - Total bank debt decreased to $23.5 million by the end of October 2024, down from $91.5 million at the end of 2023, following a $60 million prepaid power purchase agreement[3]. - Total liquidity at the end of Q3 2024 was $34.9 million, down from $60.7 million at the end of Q2 2024[6]. - The company is focusing on strengthening its balance sheet without equity dilution, utilizing proceeds from the prepaid PPA to reduce debt[7]. Revenue Contracts and Sales - The company secured total forward energy, capacity, and coal sales to third-party customers amounting to $937.2 million through 2029, up from $871.7 million at the end of Q2 2024[8]. - Contracted revenue for total energy and capacity reached $937.17 million, with a significant increase from $73.99 million in 2024 to $238.63 million in 2025[14]. - Contracted coal revenue from third-party sources was $320.28 million, showing a consistent revenue stream from coal operations[14]. - The average price per ton for third-party coal increased from $48.02 in 2024 to $50.04 in 2025, reflecting rising market prices[14]. Operational Capacity and Strategy - Hallador's strategic positioning in MISO Zone 6 allows it to capitalize on the growing demand for energy capacity in Indiana and western Kentucky[3]. - The average daily contracted capacity increased from 716 MW in 2024 to 801 MW in 2025, suggesting expansion in operational capacity[14]. - Hallador signed a non-binding term sheet with a leading global data center developer to supply energy and capacity for over 10 years, pending definitive agreements[9]. - The company anticipates executing definitive agreements with a leading global data center developer, indicating potential future growth opportunities[15]. Balance Sheet and Assets - Total current assets rose to $99.80 million as of September 30, 2024, compared to $92.89 million at the end of 2023[17]. - Total liabilities decreased from $321.19 million in December 2023 to $260.93 million by September 30, 2024, reflecting improved financial health[17]. - The company reported a total stockholders' equity of $318.80 million, up from $268.59 million at the end of 2023, indicating strong retained earnings growth[17]. Cash Flow and Management - Operating cash flow for Q3 2024 was $(12.9) million, compared to $35.3 million in Q3 2023, indicating a need for improved cash management[10]. - The company’s cash and cash equivalents at the end of the period were $3,829,000, compared to $2,573,000 at the end of the same period in 2023[19]. Upcoming Events - The company plans to host a conference call on November 12, 2024, to discuss financial and operational results, providing an opportunity for investor engagement[16].

Hallador Energy (HNRG, Financial) experienced a significant stock price drop of 5.10%, bringing the share price to $10.05. The trading volume reached 293,186 shares with a turnover rate of 0.69% and a price fluctuation of 5.74%. The latest financial report reveals an operating income of $89.65 million but a net loss of $10.20 million, resulting in an earnings per share (EPS) of -$0.27. The gross profit stood at -$750,000, and the price-to-earnings (P/E) ratio was -67.60. Despite the negative earnings, 100% ...

Hallador Energy Company (NASDAQ:HNRG) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Sean Mansouri - IR Brent Bilsland - President and Chief Executive Officer Marjorie Hargrave - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Operator Good afternoon. Thank you for attending today's Hallador Energy's Second Quarter 2024 Conference Call. My name is Cole, and I'll be the moderator for today's call. [Operator Instructions] I'd now like to pass the ca ...

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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 HALLADOR ENERGY COMPANY (www.halladorenergy.com) Commission file number:001-34743 1183 East Canvasback Drive, Terre Haute, Indiana (Address of principal executive offices) 47802 (Zip Code) Registrant's ...

EXHIBIT 99.1 Hallador Energy Company Reports Second Quarter 2024 Financial and Operating Results - Q2 Total Revenue of $90.9 Million - - Q2 Net Loss of $10.2 Million or $(0.27) Earnings per Share - - Q2 Operating Cash Flow of $23.5 Million - - Q2 Adjusted EBITDA loss of $(5.8) Million - TERRE HAUTE, Ind., August 6, 2024 – Hallador Energy Company (Nasdaq: HNRG) ("Hallador" or the "Company"), today reported its financial results for the second quarter ended June 30, 2024. Brent Bilsland, President and Chief E ...

- Q2 Total Revenue of $90.9 Million - - Q2 Net Loss of $10.2 Million or $(0.27) Earnings per Share - - Q2 Operating Cash Flow of $23.5 Million - - Q2 Adjusted EBITDA loss of $(5.8) Million - TERRE HAUTE, Ind., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG) ("Hallador" or the "Company"), today reported its financial results for the second quarter ended June 30, 2024. Brent Bilsland, President and Chief Executive Officer, stated, "We made progress during the quarter towards our strat ...

Hallador's management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing HNRG@elevate-ir.com. If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829. About Hallador Energy Company | --- | |----------------------------------------------------------| | | | Company Contact | | Marjorie Hargrave Chief Financial Officer (303) 917-0777 | | M ...

Hallador Energy Company (NASDAQ:HNRG) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Becky Palumbo - Investor Relations Brent Bilsland - President and Chief Executive Officer Marjorie Hargrave - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Financial Jeff Bronchick - Cove Street Capital Operator Good afternoon. Thank you for attending today’s Hallador Energy First Quarter 2024 Earnings Call. My name is Megan, and I’ll be your moderator for today’s ...

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, 2024 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 (www.halladorenergy.com) 1183 East Canvasback Drive, Terre Haute, Indiana (Address of principal executive offices) Registrant's telephone numbe ...