secwatch.observer — SEC 8-K summary
======================================

Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001558370-25-003147
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Q4 net loss $215.8M on $215M coal impairment; electric sales now 74% of revenue; debt halved to $44M
--------------------------------------------------------------------------------

- Q4 total revenue $94.2M (FY $404.4M); electric sales $69.7M (74% of total) vs $37.1M (31%) a year ago.
- Q4 net loss $215.8M includes $215M non-cash write-down at Sunrise Coal; FY net loss $226.1M vs FY23 net income $44.8M.
- Adjusted EBITDA Q4 $6.2M (up ~3x YoY); FY $16.8M vs $107.4M prior year.
- Bank debt reduced to $44M at Dec 31, 2024 from $91.5M a year earlier; liquidity $37.8M.
- Signed exclusive commitment with data center developer (Jan 2, 2025) for majority power output; partner committed up to $5M through early June 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000155837025003147/0001558370-25-003147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000155837025003147/hnrg-20250317x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-003147

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer