Hallador Energy acquires 460 MW Siemens turbines for $350M to advance Merom gas project

HALLADOR ENERGY CO

Purchase price $350M ($760/kW) plus ~$100M transport/refurb; total delivered cost ~$450M.
Equipment: never-fired Siemens gas turbines, generators, steam turbine; acquired at attractive valuation.
Expected revenue generation late 2028 to mid-2029 after Siemens restoration and MISO interconnection.
No outstanding bank debt; $120M credit facility; contracted sales book >$2.1B supports financing.
MISO ERAS study imminent; final investment decision expected after study completion in Sept 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HALLADOR ENERGY CO entered into Asset Purchase Agreement with Energy World Corporation Ltd. valued at $350 million (effective 2026-05-30).

Action: entry
Agreement: asset purchase
Counterparty: Energy World Corporation Ltd.
Value: $350 million
Effective: 2026-05-30

Exact text from the filing

On May 30, 2026, Hallador Energy Company (the “Company”) entered into an Asset Purchase Agreement (the “APA”) with Energy World Corporation Ltd., incorporated in Australia (“Seller”), to acquire approximately 460 MW of Siemens gas turbines, generators, a steam turbine, and ancillary equipment (the “Equipment”) for an aggregate purchase price of $350 million.

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HALLADOR ENERGY CO filing history →

Source: SEC EDGAR

accession 0001104659-26-069138

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