earnings
confidence high
sentiment neutral
materiality 0.75
Hallador Energy Q2 net loss $3.4M, adj. EBITDA $11.5M; secures forward sales >$125/ton
HALLADOR ENERGY CO
2023-Q2 EPS reported
-$0.44
revenue$124,836,000
- Net loss of $3.4M ($0.11 per share); adjusted EBITDA $11.5M for Q2 2022.
- Production cost improved $7.71/ton to $31.83/ton versus Q1; margins up $6.53.
- Raised $29M in convertible debt in Q2 and early Q3; $10M converted to equity.
- Signed forward sales contracts for ~2.2M tons at over $125/ton; expects 2023 adjusted EBITDA ~$160M.
- Progress toward closing Merom power plant acquisition, pending governmental and financial approvals.