secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2026-06-02T10:00:42+00:00
Accession:  0001104659-26-069138
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/0001104659-26-069138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/hnrg-20260530x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-069138

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