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% ...

- 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 ...

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 ...

EXHIBIT 99.1 Hallador Energy Company Reports First Quarter 2024 Financial and Operating Results TERRE HAUTE, Ind., May 6, 2024 -- Hallador Energy Company (NASDAQ – HNRG) 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 the quarter ended March 31, 2024. Brent Bilsland, President and Chief Executive Officer, stated, "Throughout the first quarter, we continued our progress on transitioning the focus of Hallador ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K Commission file number: 001-3473 HALLADOR ENERGY COMPANY (www.halladorenergy.com) Colorado 84-1014610 (State of incorporation) (IRS Employer Identification No.) 1183 East Canvasback Drive, Terre Haute, Indiana 47802 (Address of principal executive offices) (Zip Code) Issuer's telephone number: 812.299.2800 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exch ...

Exhibit 99.1 Hallador Energy Company Reports Record Net Income and Adjusted EBITDA for 2023; Signs MOU to attract data centers to Merom Power Plant. TERRE HAUTE, Ind., March 13, 2024 -- Hallador Energy Company (NASDAQ – HNRG) reports full year 2023 net income of $44.8 million, $1.35 basic earnings per share, operating cash flow of $59.4 million, and adjusted EBITDA of $107 million, all respectively. Brent Bilsland, President and Chief Executive Officer, stated, "Hallador had a solid year as a company. Our c ...

[PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Hallador Energy Company as of September 30, 2023, and for the three and nine-month periods then ended - **Key Financial Highlights (Nine Months Ended Sep 30, 2023)** | Metric | Amount (in thousands) | Change YoY | | :--- | :--- | :--- | | **Total Revenue** | $515,296 | +145.5% | | **Income from Operations** | $75,280 | N/A (from loss) | | **Net Income** | $55,041 | N/A (from loss) | | **Diluted EPS** | $1.52 | N/A (from -$0.38) | | **Cash from Operations** | $79,527 | +470.7% | - Following the Merom Power Plant acquisition in October 2022, the company now operates and reports through two segments: Coal Operations and Electric Operations, with prior periods recast to reflect this change[21](index=21&type=chunk) [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Presents the company's financial position, detailing assets, liabilities, and equity as of September 30, 2023, and December 31, 2022 - **Balance Sheet Summary (as of Sep 30, 2023 vs. Dec 31, 2022)** | Account | Sep 30, 2023 (in thousands) | Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $92,327 | $138,519 | | **Total Assets** | $585,186 | $630,554 | | **Total Current Liabilities** | $171,589 | $239,602 | | **Total Liabilities** | $313,497 | $415,530 | | **Total Stockholders' Equity** | $271,689 | $215,024 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Details the company's revenues, expenses, and net income for the three-month periods ended September 30, 2023, and 2022 - **Statement of Operations Summary (Q3 2023 vs Q3 2022)** | Metric | Q3 2023 (in thousands) | Q3 2022 (in thousands) | | :--- | :--- | :--- | | **Total Revenue** | $165,768 | $85,084 | | Coal Sales | $97,420 | $83,562 | | Electric Sales | $67,403 | $0 | | **Income from Operations** | $23,803 | $5,395 | | **Net Income** | $16,075 | $1,612 | | **Diluted EPS** | $0.44 | $0.05 | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Summarizes the cash inflows and outflows from operating, investing, and financing activities for the nine-month periods ended September 30, 2023, and 2022 - **Cash Flow Summary (Nine Months Ended Sep 30, 2023 vs 2022)** | Activity | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | **Net cash from Operating Activities** | $79,527 | $13,935 | | **Net cash used in Investing Activities** | ($48,684) | ($37,586) | | **Net cash (used in) provided by Financing Activities** | ($30,553) | $28,305 | [Condensed Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Outlines changes in stockholders' equity, including net income and other comprehensive income, for the nine-month periods ended September 30, 2023, and 2022 - Total stockholders' equity increased from **$215.0 million** at December 31, 2022, to **$271.7 million** at September 30, 2023, primarily driven by **$55.0 million** in net income for the nine-month period[14](index=14&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations of significant accounting policies, financial instruments, and other material disclosures supporting the financial statements - On August 2, 2023, the company amended its credit agreement, resulting in a new term loan of **$65 million** maturing in March 2026 and a new revolver of **$75 million** maturing in July 2026, accounted for as a debt extinguishment[27](index=27&type=chunk) - As of September 30, 2023, the company had remaining coal sales performance obligations of approximately **$426.1 million** for fixed-price contracts and electric energy and capacity obligations totaling **$312 million** and **$204 million**, respectively, through 2028[47](index=47&type=chunk)[51](index=51&type=chunk) - The Merom Power Plant acquisition was accounted for as an asset acquisition, recording a significant contract liability of **$184.5 million** for a below-market Power Purchase Agreement, amortized into revenue over the contract term[74](index=74&type=chunk)[75](index=75&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the strong financial performance in the first nine months of 2023, with a net income of $55.0 million and operating cash flow of $79.5 million, highlighting key events including a credit facility amendment, debt repayment, and future energy sales - Net income for Q3 was **$16.1 million**, contributing to a year-to-date net income of **$55.0 million**, with operating cash flow of **$79.5 million** for the nine months used for **$48.7 million** in capital expenditures and **$23.5 million** in debt repayment[84](index=84&type=chunk) - The company successfully amended its credit facility, extending maturity into 2026 and improving its leverage ratio to **0.71x**, well within the **2.25x** covenant[85](index=85&type=chunk)[93](index=93&type=chunk) - Secured **$325 million** of new energy and capacity sales for the years 2024-2028, including **3.3 million MWh** of energy at an average of **$56/MWh** and **$139 million** in capacity sales[88](index=88&type=chunk) [Overview and Forward Sales Position](index=19&type=section&id=OVERVIEW) Provides an overview of the company's financial performance for Q3 2023 and outlines its forward sales position for coal and power segments through 2026 - **Q3 2023 Key Metrics** | Metric | Value | Note | | :--- | :--- | :--- | | **Net Income** | $16.1 million | - | | **Coal Shipped** | 2.1 million tons | Avg. price $65.43/ton (segment) | | **Coal Operating Costs** | $46.54 per ton | +$5.02/ton vs Q2 2023 | | **Operating Cash Flow** | $35.3 million | - | | **Bank Debt Reduction** | $12.5 million | - | | **Power Production** | 1.3 million MWh | - | - **Forward Sales Position Summary (Segment Basis)** | Segment | 2024 | 2025 | 2026 | | :--- | :--- | :--- | :--- | | **Coal (% Sold)** | 90% | 74% | 63% | | **Power - Energy (% Sold)** | 27% | 28% | 27% | | **Power - Capacity (% Contracted)** | 78% | 52% | 59% | [Liquidity and Capital Resources](index=22&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) Analyzes the company's cash flow generation, debt levels, and capital expenditure plans, highlighting its financial flexibility - Cash provided by operations was **$79.5 million** for the first nine months of 2023, a significant increase from **$13.9 million** in the same period of 2022, driven by higher coal sales margins[98](index=98&type=chunk) - As of September 30, 2023, bank debt was reduced to **$61.8 million**, and the company had an additional borrowing capacity of **$63.8 million**[98](index=98&type=chunk) - The projected capital expenditure budget for the remainder of 2023 is **$30 million**[98](index=98&type=chunk) [Results of Operations by Segment](index=23&type=section&id=RESULTS%20OF%20OPERATIONS) Details the financial performance of the Coal Operations and Electric Operations segments, including revenue, income, and key operational metrics - **Coal Operations Performance (Q3 2023 vs Q3 2022)** | Metric | Q3 2023 | Q3 2022 | | :--- | :--- | :--- | | **Operating Revenues** | $134.9M | $84.5M | | **Income from Operations** | $24.8M | $6.1M | | **Average Price/Ton** | $65.43 | $49.01 | | **Average Cost/Ton** | $46.54 | $37.46 | - Coal operations revenue increased **60%** in Q3 2023 vs Q3 2022 due to a **$16/ton** increase in average sales price and **0.3 million** additional tons sold, while operating expenses rose by **$9.08/ton** due to higher-cost mines and inflation[101](index=101&type=chunk)[102](index=102&type=chunk) - The Electric Operations segment, which began in Q4 2022, generated **$67.5 million** in revenue in Q3 2023 but had a loss from operations of **($2.7) million**, impacted by the amortization of contract liabilities and assets from the Merom acquisition[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=27&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This section states that there have been no material changes from the market risk disclosures provided in the company's 2022 Annual Report on Form 10-K - There were no material changes to the company's market risk disclosures compared to the 2022 Annual Report on Form 10-K[122](index=122&type=chunk) [Controls and Procedures](index=27&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management, including the CEO, CFO, and CAO, evaluated the company's disclosure controls and procedures and concluded that they were effective as of the end of the period - An evaluation of disclosure controls and procedures, supervised by the CEO, CFO, and CAO, concluded that these controls are effective[124](index=124&type=chunk) - No changes were made to the internal control over financial reporting during the quarter ended September 30, 2023, that have materially affected, or are reasonably likely to materially affect, these controls[125](index=125&type=chunk) [PART II - OTHER INFORMATION](index=28&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Mine Safety Disclosures](index=28&type=section&id=ITEM%204.%20MINE%20SAFETY%20DISCLOSURES) This section directs readers to Exhibit 95.1 of the Form 10-Q for a detailed listing of the company's mine safety violations - A listing of the company's mine safety violations is provided in Exhibit 95.1 to this Form 10-Q[126](index=126&type=chunk) [Exhibits](index=28&type=section&id=ITEM%206.%20EXHIBITS) This section provides a list of all exhibits filed with the Form 10-Q, including the amended loan agreement, CEO/CFO/CAO certifications, mine safety disclosures, and various XBRL data files - Key exhibits filed include the Amended and Restated Loan Agreement dated August 2, 2023 (Exhibit 10.1), SOX 302 and 906 certifications, and Mine Safety Disclosures (Exhibit 95.1)[127](index=127&type=chunk) [Signatures](index=29&type=section&id=SIGNATURES) [Signatures](index=29&type=section&id=SIGNATURES) The report is duly signed and authorized by Lawrence D. Martin, Chief Financial Officer, and R. Todd Davis, Chief Accounting Officer, on behalf of Hallador Energy Company, dated November 6, 2023 - The Form 10-Q was signed on November 6, 2023, by Lawrence D. Martin (CFO) and R. Todd Davis (CAO)[131](index=131&type=chunk)

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, 2023 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) Colorado (State of incorporation) 84-1014610 (IRS Employer Identification No.) 1183 East Canvasback Drive, Terre Haute, ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number:001-34743 "COAL KEEPS YOUR LIGHTS ON" "COAL KEEPS YOUR LIGHTS ON" HALLADOR ENERGY COMPANY (www.halladorenergy.com) Colorado (State of incorporation) (IRS Employer Identification ...

Financial Data and Key Metrics Changes - The adjusted EBITDA for the year was $56.2 million, with a net income of $18.1 million, translating to $0.57 per basic share and $0.55 per diluted share [4][14] - Bank debt decreased by $26.5 million, ending the year at $85.2 million, with a leverage ratio of 2.05x [4][19] Business Line Data and Key Metrics Changes - The average coal sales price increased from $39.51 per ton in 2021 to $45.64 per ton in 2022, with expectations of approximately $58.7 per ton in 2023 [6] - Full-year margins improved to $8.35 per ton in 2022 from $7.35 per ton in 2021, with fourth-quarter margins at $10.41 per ton [6] Market Data and Key Metrics Changes - The company anticipates shipping up to 3 million tons of coal annually from its mines directly to Merom starting in 2024, which is expected to produce approximately 6.5 million megawatt hours for sale in the MISO wholesale energy market [7][8] - The liquidity at the end of 2022 stood at $32.1 million, indicating a strong financial position [19] Company Strategy and Development Direction - The acquisition of the Merom Generation Station is seen as transformational, providing new revenue opportunities and flexibility in coal production [17][18] - The company plans to focus on reducing bank debt and aims to be net debt-free by the end of Q1 2024, with a target cash balance of around $100 million [26][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the power markets remaining elevated due to declining capacity reserve margins and increasing grid emergency events [8] - The company expects to experience periods of volatility in earnings due to market conditions but believes in the long-term profit potential of its operations [44][124] Other Important Information - The 2023 capital expenditure budget is set at $69 million, with $35 million allocated for maintenance CapEx [9] - The company is required to invest over $45 million in environmental controls to operate Merom beyond 2025 [8][72] Q&A Session Summary Question: How does the company frame its ongoing liquidity needs? - The company aims to achieve net debt-free status by Q1 2024 and maintain a cash balance around $100 million [26] Question: What is the expected contribution of Merom to EBITDA? - The Merom plant contributed approximately $5.5 million to the adjusted EBITDA of $56.2 million for 2022 [30] Question: How much coal is earmarked for Merom in the upcoming years? - The company plans to take as much coal as possible to Merom, with expectations of converting up to 3 million tons into electricity [27] Question: What are the expectations for costs in 2023? - The company anticipates a decrease in production costs due to easing commodity prices and improved operational efficiencies [112][113] Question: Will the company consider acquiring more power plants? - The company is open to evaluating additional power plant acquisitions as opportunities arise, especially given the expected retirement of a significant portion of the U.S. coal fleet [94]