secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2026-08-10T21:00:26+00:00
Accession:  0001104659-26-093446
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Q2 net loss $15.2M; Turtle Creek budget cut to <$800M, COD H2 2028
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- Q2 revenue $101.5M vs $102.8M; net loss $15.2M vs income $8.2M; adj EBITDA -$2.9M vs +$3.4M.
- Turtle Creek gas project budget reduced to <$800M (~$1,700/kW); COD targeted H2 2028; FID expected Sept 2026.
- Contracted forward sales $1.8B consolidated, $2.4B segment through 2040, incl. accredited capacity to 2040.
- Drew $45M delayed draw term loan; total bank debt $45M at June 30, 2026; liquidity $84.2M.
- Q2 capex $26.3M vs $13.1M YoY, driven by reliability upgrades and Turtle Creek expenditures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000110465926093446/0001104659-26-093446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000110465926093446/hnrg-20260810x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-093446

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