---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-006948"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:57:41.088683+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hallador Energy posts full-year 2022 net income $18.1M; revenue up 46% to $362M

## Summary
- Net income $18.1M ($0.57/share) vs. net loss $3.8M in 2021; revenue $362M (+46% YoY).
- Average coal sales price rose to $45.64/ton from $39.51; estimated 2023 avg price $58.70/ton.
- Bank debt reduced to $85.2M from $111.7M; amended credit facility, $35M revolver converted to term debt, maturity extended to May 2024.
- Completed acquisition of Merom Generating Station (1-GW coal plant) in Oct 2022; captive demand for up to 40% of coal production from 2024.
- Signed 2.2M tons of new coal contracts at ~$125/ton; production potential of 7.5M tons in 2023.

## SEC filing metadata
- accession: 0001437749-23-006948
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774923006948/0001437749-23-006948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774923006948/hnrg20221130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-006948
- JSON: https://secwatch.observer/filing/0001437749-23-006948.json
- Plain text: https://secwatch.observer/filing/0001437749-23-006948.txt

## Key facts
- Earnings Releases
  HALLADOR ENERGY CO reported full year 2022 results: net income $18.1 million, $0.57 per share, EPS $0.57 per share.
  - Period: full year 2022
  - Net income: $18.1 million, $0.57 per share
  - EPS: $0.57 per share
  - Result: reported results
  source text: Hallador Energy Company Reports Full-Year 2022 Financial and Operating Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000143774923006948/0001437749-23-006948-index.htm

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