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

Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001104659-26-056345
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador reports Q1 net loss $9.3M; signs $1B+ capacity agreement through 2040
------------------------------------------------------------------------------

- Q1 total revenue $101.8M, down from $117.7M YoY; net loss $9.3M vs net income $10.0M.
- Adjusted EBITDA $5.5M vs $19.3M YoY; operating cash flow $20.5M.
- Signed 12-year capacity agreement (2028-2040) for >$1B revenue at >2x historical pricing.
- No bank debt at March 31, 2026; total liquidity $97.5M after new credit facility.
- Forward sales book nearly doubled; total forward commitments ~$1.2B through 2029 (excl. new deal).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000110465926056345/0001104659-26-056345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000110465926056345/hnrg-20260506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-056345

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