---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022382"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:18:34.615091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hallador reports record H1 net income of $39M; leverage ratio falls to 0.94x

## Summary
- Net income of $16.9M (Q2) and $39.0M (H1); diluted EPS $0.51 and $1.18 respectively.
- Adjusted EBITDA of $35.3M (Q2) and $69.3M (H1); operating cash flow $18.1M and $44.2M.
- Leverage ratio fell to 0.94x; closed $140M credit facility maturing 2026; liquidity $56.9M.
- Coal margins improved to $23.92/ton in Q2, up $6.85 from Q1 and $15.53 YoY; shipped 1.7M tons.
- Contracted coal revenue for H2 2023: $230.4M at $57.60/ton; 4.0M tons priced for 2023.

## SEC filing metadata
- accession: 0001437749-23-022382
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2023-08-08T23:59:59+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/788965/000143774923022382/0001437749-23-022382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774923022382/hnrg20230601_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022382
- JSON: https://secwatch.observer/filing/0001437749-23-022382.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022382.txt

## Key facts
- Earnings Releases
  HALLADOR ENERGY CO reported financial results for second quarter 2023.
  - Period: second quarter 2023
  - Result: reported results
  source text: On August 7, 2023, Hallador Energy Company reported its second quarter 2023 results on Form 10-Q and issued a press release announcing such results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000143774923022382/0001437749-23-022382-index.htm

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