---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-007696"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:54:53.303271+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hallador posts record FY2023 net income $44.8M, Adj. EBITDA $107M; signs MOU for data center power sales at Merom

## Summary
- Net income $44.8M ($1.35 basic EPS), up from $18.1M in 2022; operating cash flow $59.4M.
- Adjusted EBITDA $107M, nearly double prior year's $56.2M; total revenue $634.5M vs $362M.
- Coal division restructured: cut 110 jobs, idled surface mines, reduced capex $10M, kept 4.5M tons high-margin production.
- Signed MOU with Hoosier Energy/WIN REMC to market Merom plant to data centers and high-density power users.
- Secured ~$500M in long-term capacity/energy contracts through 2028; raised ~$19M via ATM and board notes.

## SEC filing metadata
- accession: 0001437749-24-007696
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2024-03-14T23:59:59+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/788965/000143774924007696/0001437749-24-007696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774924007696/hnrg20231129_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-007696
- JSON: https://secwatch.observer/filing/0001437749-24-007696.json
- Plain text: https://secwatch.observer/filing/0001437749-24-007696.txt

## Key facts
- Earnings Releases
  HALLADOR ENERGY CO reported financial results for fourth quarter and full year 2023.
  - Period: fourth quarter and full year 2023
  - Result: reported results
  source text: On March 13, 2024, Hallador Energy Company issued a press release announcing its fourth quarter and full year 2023 financial results. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000143774924007696/0001437749-24-007696-index.htm

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