M&A
confidence high
sentiment positive
materiality 0.80
Hallador completes Merom 1-GW power plant acquisition; pro forma net income positive
HALLADOR ENERGY CO
- Consideration includes $184.5M PPA liability, $34.3M coal contract asset, ~$17M coal inventory.
- Pro forma net income for six mo. ended June 2022: $4.9M (vs. Hallador loss of $13.5M).
- Pro forma diluted EPS: $0.16 for H1 2022; $1.07 for FY 2021.
- Acquisition closed Oct 21, 2022; accounted for as asset acquisition (ASC 805).
- Fair value of plant $165.8M; ARO assumed $7.2M.