secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001437749-22-027389
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774922027389/0001437749-22-027389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774922027389/hnrg20220830_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027389

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