Highest-materiality recent filing
Second Amendment to Credit Agreement with Texas Capital Bank and other lenders dated June 25, 2026.
Hallador selected for $27.2M DOE award to modernize Merom Generating Station
DOE selected Hallador Power subsidiary for up to $27.2M federal funding; total project cost ~$56.9M.
Hallador Energy acquires 460 MW Siemens turbines for $350M to advance Merom gas project
Purchase price $350M ($760/kW) plus ~$100M transport/refurb; total delivered cost ~$450M.
Hallador reports Q1 net loss $9.3M; signs $1B+ capacity agreement through 2040
Q1 total revenue $101.8M, down from $117.7M YoY; net loss $9.3M vs net income $10.0M.
Hallador FY2025 net income $41.9M vs -$226M loss; revenue up 16% to $469.5M
Adjusted EBITDA tripled to $56.0M; operating cash flow +23% to $81.1M.
Hallador closes $120M senior secured credit facilities, replacing PNC facility
New facilities: $75M revolver and $45M delayed draw term loan, maturing Mar 5, 2029.
Hallador Energy raises ~$53.6M net in public offering; terminates prior ATM program
Terminated ATM Sales Agreement with B. Riley Securities effective Jan 18, 2026; no penalties.
Hallador Q3 revenue up 40% YoY to $146.8M; files ERAS for 525MW gas expansion
Net income of $23.9M ($0.56 EPS) vs $1.6M in Q3 2024; Adjusted EBITDA $24.9M (up 1.6x).
Hallador Energy Q2 net income $8.2M; revenue up 10% to $102.9M
Net income of $8.2M ($0.19 EPS) vs loss of $10.2M in Q2 2024.
Hallador Energy: datacenter developer terminates conversion transaction commitment on May 19
Counterparty terminated Conversion Transaction Commitment Agreement (effective Jan 2, 2025) on May 19, 2025.
Hallador Q1 2025 net income $10M vs loss; revenue up 6% to $117.8M
Net income $10.0M ($0.23 EPS) vs Q1 2024 loss of $1.7M; Adjusted EBITDA $19.3M (3x YoY).
Q4 total revenue $94.2M (FY $404.4M); electric sales $69.7M (74% of total) vs $37.1M (31%) a year ago.
Hallador signs exclusive data center commitment agreement; up to $5M milestone payments
Entered exclusive 105-business-day commitment agreement with leading global data center developer for potential Indiana project.
Hallador Q3 net income $1.6M vs Q2 loss; signs data center term sheet
Total revenue $105M (+12% QoQ); electric sales $71.7M (21% increase QoQ).
Hallador Energy amends credit agreement to allow forward PPAs; revises financial covenants
Debt service coverage test deferred to June 30, 2025; max leverage 5.50x through Mar 2025, then 2.25x.
Hallador Q2 net loss $10.2M; revenue $90.9M; adjusted EBITDA loss $5.8M
Q2 revenue $90.9M vs $161.2M a year ago; net loss $10.2M ($0.27/sh) vs net income $16.9M.
Hallador Energy exchanges $11M convertible notes for 2.09M shares of common stock
Exchanged $10M note (ALJ Investment Company) + $1M note (Hallador Alternative Assets Fund) with accrued interest.
Hallador Q1 net loss $1.7M, revenue falls 42% YoY; power ops surpass coal
Net loss of $1.7M ($0.05/sh) vs prior-year profit $22.1M; revenue $109.7M down from $188.3M.
Hallador corrects coal cost per ton: $44.94 vs $33.67 previously
Average cost per ton of coal sold for 2023 corrected to $44.94 ($52.76 after eliminating intercompany sales).
Net income $44.8M ($1.35 basic EPS), up from $18.1M in 2022; operating cash flow $59.4M.
Hallador Energy restructures Sunrise Coal Division, idles high-cost mines, cuts 110 jobs
Idles Freelandville and Prosperity Mines; reduces coal production capex by ~$10M in 2024.
Hallador Energy enters $50M ATM equity offering with B. Riley Securities
Entered at-market issuance sales agreement to sell up to $50M of common stock.
Hallador reports record 9-month net income of $55.0M; secures $325M in future sales
Record 9-month net income $55.0M ($1.66 basic EPS) vs loss of $11.9M in 2022; adj. EBITDA $105.2M.
Hallador reports record H1 net income of $39M; leverage ratio falls to 0.94x
Net income of $16.9M (Q2) and $39.0M (H1); diluted EPS $0.51 and $1.18 respectively.
Hallador Enters $140M Credit Facility Through 2026; Liquidity Increases to $56.9M
Converts $65M of funded debt into term loan maturing March 31, 2026; adds $75M revolver maturing July 31, 2026.
Hallador Energy Q1 2023 net income $22.1M, EPS $0.67; coal margins surge
Q1 revenue $188.3M (vs $58.9M in Q1 2022); net income $22.1M vs loss $10.1M a year ago.
Hallador Energy posts full-year 2022 net income $18.1M; revenue up 46% to $362M
Net income $18.1M ($0.57/share) vs. net loss $3.8M in 2021; revenue $362M (+46% YoY).
Hallador completes Merom 1-GW power plant acquisition; pro forma net income positive
Consideration includes $184.5M PPA liability, $34.3M coal contract asset, ~$17M coal inventory.
Net income $1.6M ($0.05 EPS); adjusted EBITDA $18.4M on revenue of $85M.
Hallador completes acquisition of 1-GW Merom Generating Station from Hoosier Energy
Assumed decommissioning & environmental liabilities with estimated cost of $20M.
Hallador Energy Q2 net loss $3.4M, adj. EBITDA $11.5M; secures forward sales >$125/ton
Net loss of $3.4M ($0.11 per share); adjusted EBITDA $11.5M for Q2 2022.
Hallador Energy amends credit facility, issues $4M convertible notes to directors
Eighth amendment to credit agreement: max leverage ratio raised to 4.50x, debt service coverage waived for Q3 2022.
On June 8, 2026, Hallador Energy Company (the “Company”) appointed Matthew Bradford White as the Company’s Chief Legal Officer, effective as of June 8, 2026.
On March 25, 2024, the Company appointed Marjorie Hargrave as its new Chief Financial Officer, effective April 10, 2024, to succeed Lawrence D. Martin.
On March 25, 2024, the Company appointed Marjorie Hargrave as its new Chief Financial Officer, effective April 10, 2024, to succeed Lawrence D. Martin.
On September 5, 2023, R. Todd Davis notified Hallador Energy Company (the “Company) of his resignation as Chief Accounting Officer of the Company, to be effective on December 1, 2023.
Max materiality 0.85 · Median 0.62 · Most common event earnings