secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-014892
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774924014892/0001437749-24-014892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774924014892/hnrg20240120_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014892

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