Hallador Energy (NASDAQ:HNRG) Issues Earnings Results

Hallador Energy (NASDAQ:HNRG) posted its quarterly earnings data on Monday. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.18), FiscalAI reports. Hallador Energy had a negative return on equity of 13.38% and a negative net margin of 6.73%. The firm had revenue of $130.25 million for the quarter, compared to analyst estimates of $118.25 million.

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 HNRG traded up $0.84 during mid-day trading on Wednesday, hitting $11.00. 399,593 shares of the company traded hands, compared to its average volume of 842,503. Hallador Energy has a one year low of $8.85 and a one year high of $24.00. The company has a current ratio of 0.72, a quick ratio of 0.24 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $13.37 and a 200 day moving average of $16.23. The stock has a market capitalization of $518.73 million, a price-to-earnings ratio of -17.60 and a beta of 0.47.

Analyst Ratings Changes

A number of research firms recently commented on HNRG. Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research report on Friday, August 14th. Zacks Research lowered Hallador Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Northland Securities set a $27.00 target price on Hallador Energy in a report on Tuesday, October 6th. Wall Street Zen lowered Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut 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 given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Hallador Energy Company Profile

Hallador Energy Company is an Indiana-based energy company focused on coal mining and electric power generation. Through its subsidiary Sunrise Coal, it operates underground coal mines in Indiana’s Illinois Basin and supplies thermal coal primarily to electric utilities. Hallador also participates in wholesale electricity markets through Hallador Power, which owns and operates the Merom Generating Station in Sullivan County, Indiana. The plant’s output serves the regional power market. The company’s operations are concentrated in the Midwestern United States, combining coal production with power generation and sales.