---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-069138"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2026-06-02T10:00:42+00:00"
generated_at: "2026-06-02T10:15:14.535732+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-069138
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2026-06-02T10:00:42+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/0001104659-26-069138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/hnrg-20260530x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-069138
- JSON: https://secwatch.observer/filing/0001104659-26-069138.json
- Plain text: https://secwatch.observer/filing/0001104659-26-069138.txt

## Source-grounded claims
- claim_id: 9b9d53b18e6f18dbf23e97cff572522a5f22d4b3
  claim: HALLADOR ENERGY CO entered into Asset Purchase Agreement with Energy World Corporation Ltd. valued at $350 million (effective 2026-05-30).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/0001104659-26-069138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.