secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001437749-23-013093
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Energy Q1 2023 net income $22.1M, EPS $0.67; coal margins surge
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- Q1 revenue $188.3M (vs $58.9M in Q1 2022); net income $22.1M vs loss $10.1M a year ago.
- Coal margins $17.07/ton, up $6.66 from Q4 2022; average coal price $55.88/ton.
- Bank debt reduced $10M to $75.2M; debt/EBITDA ratio improved to 1.2x.
- Adjusted EBITDA $34.0M, up sharply from $2.6M in Q1 2022; operating cash flow $26.1M.
- Contracted 5.8M tons for 2023 at $57/ton; 7.5M tons contracted for 2024-2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774923013093/0001437749-23-013093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774923013093/hnrg20230207_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer