---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-065410"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2026-10-08T12:59:42+00:00"
generated_at: "2026-10-12T15:35:58.010205+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Hallador signs 6-year Duke Energy Indiana power deals worth ~$700M; forward sales book reaches $3B

## Summary
- Six-year capacity and energy agreements with Duke Energy Indiana run June 1, 2029 through May 31, 2035: 225 MW/day accredited capacity (~$271M) plus 200 MW average energy (~$422M est.).
- Total contracted revenue per MWh climbs from $46.07 in 2026 to $73.26 in 2030 and $75.35 for 2031-2035; total forward contracted revenue is $2.99B at the segment level.
- Capacity price is Hallador's highest to date and more than 20% above the capacity contract announced in March 2026; about 95% of Merom accredited capacity is contracted through 2035.
- Standby letters of credit: $3.5M rising to $7.0M in Jan 2029, then $4.5M (June 2031) and $2.7M (June 2033) under the PPA; $6M to $12M to $8M to $3M under the ZRC deal.
- Hallador is advancing the 460 MW Turtle Creek gas project beside Merom and filed its air permit application Sept. 25, 2026; approval would lift total generating capacity over 40%.

## SEC filing metadata
- accession: 0001628280-26-065410
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2026-10-08T12:59:42+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000162828026065410/0001628280-26-065410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000162828026065410/hnrg-20261007.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065410
- JSON: https://secwatch.observer/filing/0001628280-26-065410.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065410.txt

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