secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001437749-23-006948
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774923006948/0001437749-23-006948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774923006948/hnrg20221130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006948

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