Hallador Q1 net loss $1.7M, revenue falls 42% YoY; power ops surpass coal

HALLADOR ENERGY CO

2024-Q1 EPS reported -$0.05 revenue$109,672,000

Net loss of $1.7M ($0.05/sh) vs prior-year profit $22.1M; revenue $109.7M down from $188.3M.
Operating cash flow $16.4M used to pay down bank debt by $14.5M to $77.0M; leverage 1.58x.
Added ~$138M in forward energy/capacity sales; total contracted revenue through 2029 reaches $1.5B.
Electric ops revenue exceeded coal ops for first time; coal restructuring cuts 110 jobs, saves $10M capex.
Adjusted EBITDA $6.8M vs $34.0M a year ago; coal cost per ton $53.38 but Oaktown March costs dropped to $30s.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HALLADOR ENERGY CO reported first quarter 2024 results: revenue $ 109,672, net income $ (1,696 ), EPS $(0.05) basic earnings per share.

Period: first quarter 2024
Revenue: $ 109,672
Net income: $ (1,696 )
EPS: $(0.05) basic earnings per share
Result: reported results

Exact text from the filing

represents some of our critical metrics (in thousands, except for per-ton data): Three Months Ended March 31, 2024 2023 Net income (loss) $ (1,696 ) $ 22,051 Total Revenues $ 109,672 $ 188,334 Tons Sold (after elimination) 892 1,693 Average Price per Ton (after elimination) $ 55.64 $ 55.88 Tons Sold (before elimination) 1,214 1,693 Average Price per Ton

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Source: SEC EDGAR

accession 0001437749-24-014892

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