---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014892"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:21:57.511324+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-014892
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774924014892/0001437749-24-014892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774924014892/hnrg20240120_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014892
- JSON: https://secwatch.observer/filing/0001437749-24-014892.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014892.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/788965/000143774924014892/0001437749-24-014892-index.htm

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