secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001558370-25-007392
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Q1 2025 net income $10M vs loss; revenue up 6% to $117.8M
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- Net income $10.0M ($0.23 EPS) vs Q1 2024 loss of $1.7M; Adjusted EBITDA $19.3M (3x YoY).
- Total revenue $117.8M (+6% YoY); electric sales $85.9M (73% of revenue mix).
- Operating cash flow $38.4M; bank debt reduced to $23M from $44M at Dec 2024.
- Forward sales backlog $1.1B through 2029; contracted power revenue $630M.
- CEO notes data center developer negotiations ongoing; exclusivity through early June 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000155837025007392/0001558370-25-007392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000155837025007392/hnrg-20250512x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-007392

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