Hallador Energy (NASDAQ:HNRG) Announces Earnings Results

Hallador Energy (NASDAQ:HNRG) posted its quarterly earnings results on Monday. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.18), FiscalAI reports. The business had revenue of $130.25 million for the quarter, compared to analyst estimates of $118.25 million. Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.

Here are the key takeaways from Hallador Energy’s conference call:

• Merom generated more than 1.4 million MWh in the quarter, and availability reached 80% in August and September after its major maintenance outage. Hallador said it is investing in reliability as energy and capacity prices rise; about 95% of Merom’s accredited capacity is contracted through 2035, with blended capacity and energy prices increasing to $59/MWh in 2027.
• Third-quarter results weakened year over year: revenue fell to $130.3 million from $146.6 million, Hallador recorded a $4.5 million net loss versus net income of $23.9 million, and adjusted EBITDA declined to $17.3 million from $24.9 million. Operating cash flow was negative $21.8 million, with higher power-purchase costs contributing to the EBITDA decline.
• Hallador is targeting a final investment decision on Turtle Creek before year-end and commercial operation in the second half of 2028; the turbines have been exported and the MISO interconnection study is complete. Management estimates the roughly $800 million project could reach about $1.6 billion in value after contracting and construction, but this is an estimate, not guidance.
• Turtle Creek still lacks a signed offtake agreement and executed interconnection agreement, and Hallador has not secured all the additional capital needed. The $600 million construction facility includes $550 million funded at closing, carries a 3.5% cash interest rate on drawn funds, and management expects reported losses to widen before the plant operates; the company may use additional debt, equity, project financing, or a partial asset sale.

Hallador Energy Price Performance

Shares of NASDAQ HNRG traded up $0.49 during midday trading on Monday, reaching $10.59. 1,750,043 shares of the company traded hands, compared to its average volume of 840,582. The firm has a market cap of $499.21 million, a PE ratio of 529.50 and a beta of 0.47. The stock’s 50-day simple moving average is $13.50 and its 200-day simple moving average is $16.28. Hallador Energy has a 12 month low of $8.85 and a 12 month high of $24.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.24 and a current ratio of 0.72.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Northland Securities set a $27.00 target price on shares of Hallador Energy in a research report on Tuesday, October 6th. Alliance Global Partners raised shares of Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Finally, Zacks Research lowered shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.88.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on the production and sale of thermal coal. Through its subsidiaries, the company operates coal mining assets in the Illinois Basin, supplying coal to electric power generators and other utility customers.

Hallador’s principal operations have included Sunrise Coal, which manages underground and surface mining activities in Indiana. The company’s coal products are used mainly for electricity generation, with sales serving utility markets in the Midwestern United States.

In addition to coal mining, Hallador has expanded into power generation through its ownership of the Merom Generating Station in Indiana.