---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-011065"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:54:33.821239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hallador Energy Q2 net income $8.2M; revenue up 10% to $102.9M

## Summary
- Net income of $8.2M ($0.19 EPS) vs loss of $10.2M in Q2 2024.
- Total revenue $102.9M, up 10% YoY; coal sales to 3rd parties $38.1M.
- Adjusted EBITDA $3.4M vs negative $5.8M a year ago; operating cash flow $11.4M.
- Total bank debt $45.0M; liquidity $42.0M; credit agreement amended for flexibility.
- Forward contracted revenue $1.0B through 2029 from energy, capacity, and coal sales.

## SEC filing metadata
- accession: 0001558370-25-011065
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000155837025011065/0001558370-25-011065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000155837025011065/hnrg-20250811x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-011065
- JSON: https://secwatch.observer/filing/0001558370-25-011065.json
- Plain text: https://secwatch.observer/filing/0001558370-25-011065.txt

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