secwatch.observer — SEC 8-K summary
======================================

Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001104659-25-109272
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Q3 revenue up 40% YoY to $146.8M; files ERAS for 525MW gas expansion
-----------------------------------------------------------------------------

- Net income of $23.9M ($0.56 EPS) vs $1.6M in Q3 2024; Adjusted EBITDA $24.9M (up 1.6x).
- Electric sales $93.2M (+29% YoY); coal sales to 3rd party $51.3M (+62% YoY).
- Operating cash flow $23.2M; total liquidity $46.4M; bank debt $44.0M.
- Filed ERAS application for 525MW gas generation at Merom site; targeting online in Q4 2028.
- Forward contracted revenue of $921.7M through 2029; signed 5-month $20M prepaid contract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000110465925109272/0001104659-25-109272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000110465925109272/hnrg-20251110x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer