Hallador reports record 9-month net income of $55.0M; secures $325M in future sales

HALLADOR ENERGY CO

2023-Q3 EPS reported $1.52 revenue$515,296,000

Record 9-month net income $55.0M ($1.66 basic EPS) vs loss of $11.9M in 2022; adj. EBITDA $105.2M.
Q3 net income $16.1M, operating cash flow $35.3M; bank debt reduced to $61.8M, leverage ratio 0.71x.
Signed $325M in future energy/capacity sales for 2024-2028; 3.3M MWh energy at avg $56/MWh.
Contracted coal: 2.4M tons Q4 2023 at $54.30/ton; 8.1M tons priced total through 2027.
Liquidity $66.4M; new $140M credit facility extended maturity to 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HALLADOR ENERGY CO reported third quarter 2023 results: revenue $165,768, net income $16,075.

Period: third quarter 2023
Revenue: $165,768
Net income: $16,075
Result: reported results

Exact text from the filing

for per-ton data): Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Net income (loss) $ 16,075 $ 1,612 $ 55,041 $ (11,908 ) Total Revenues $ 165,768 $ 85,084 $ 515,296 $ 209,920 Tons Sold (consolidated basis, after eliminations) 1,561 1,705 4,654 4,677 Average Price per Ton (consolidated basis, after eliminations) $ 62.41 $

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Source: SEC EDGAR

accession 0001437749-23-030459

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