---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-030459"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:18:37.428871+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-030459
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774923030459/0001437749-23-030459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774923030459/hnrg20230808_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-030459
- JSON: https://secwatch.observer/filing/0001437749-23-030459.json
- Plain text: https://secwatch.observer/filing/0001437749-23-030459.txt

## Key facts
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000143774923030459/0001437749-23-030459-index.htm

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