Hallador Energy (NASDAQ:HNRG) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Hallador Energy (NASDAQ:HNRG) released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20), Zacks reports. The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%.

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

• Turtle Creek Gas project progress improved: Hallador expects total costs below $800 million, or roughly $1,700 per kW, with commercial operations targeted for the second half of 2028. Equipment is reportedly in good condition, shipment remains scheduled for September, and the MISO interconnection study is expected in mid-August.
• Hallador’s forward contracted revenue expanded substantially, with approximately $2.4 billion of segment-level commitments extending through 2040, including new long-term capacity agreements. Management also expects to sell additional Merom capacity and potentially energy before year-end.
• Second-quarter results were pressured by Merom’s scheduled outage, unplanned downtime during high-price periods, elevated purchased-power costs, and working-capital investment. Net loss was $15.2 million versus net income of $8.2 million a year earlier, while adjusted EBITDA was negative $2.9 million.
• Liquidity declined to $84.2 million at quarter-end, including $29 million of cash, while bank debt increased to $45 million after the company drew on its delayed-draw term loan. Hallador is evaluating equipment financing, project-level debt, and other structures for Turtle Creek with the goal of minimizing or avoiding equity dilution.

Hallador Energy Stock Performance

NASDAQ:HNRG opened at $14.69 on Thursday. The firm has a market capitalization of $692.49 million, a PE ratio of 734.50 and a beta of 0.31. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. Hallador Energy has a 1 year low of $13.65 and a 1 year high of $24.70. The firm’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $16.78.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Northland Securities set a $28.00 price target on shares of Hallador Energy in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings downgraded Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Hallador Energy has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director Daniel Hudson bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 20,000 shares of company stock worth $338,820. 17.43% of the stock is currently owned by insiders.

Hallador Energy Company Profile

Hallador Energy Company (NASDAQ:HNRG) is an energy company focused primarily on coal production and electricity generation. Through its Sunrise Coal subsidiary, the company operates mining properties in Indiana’s portion of the Illinois Basin and supplies thermal coal to electric power producers.

Hallador’s principal mining operations include the Oaktown Mining Complex and related properties in southwestern Indiana. Its coal is used as fuel for utility-scale power generation, with sales primarily serving customers in the regional Midwest power market.