---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027389"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T19:06:06.977662+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hallador posts Q3 net income of $1.6M; pays down 34% of bank debt, signs higher-priced coal contracts

## Summary
- Net income $1.6M ($0.05 EPS); adjusted EBITDA $18.4M on revenue of $85M.
- Bank debt reduced by $44M (34%) since Q2 to $87M; includes $17M in Q3 and $27M from Merom acquisition proceeds.
- Average coal price rose to $49.01/ton in Q3 vs $38.71/ton in Q3 2021; 1.7M tons sold.
- Contracted 2.2M tons at ~$125/ton for future delivery; projects net debt-free in 2023.
- Completed Merom Generating Station acquisition on Oct 21, receiving net $34M and diversifying revenue.

## SEC filing metadata
- accession: 0001437749-22-027389
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774922027389/0001437749-22-027389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774922027389/hnrg20220830_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027389
- JSON: https://secwatch.observer/filing/0001437749-22-027389.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027389.txt

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