AG真人官方

Hallador Energy Company Reports Second Quarter 2025 Financial and Operating Results

- Q2 Total Revenue up 10% YoY to $102.9 Million听-
- Q2 Net Income Increases to $8.2 Million or $0.19 Earnings per Share 鈥�
- Q2 Operating Cash Flow of $11.4 Million -
- Q2 Adjusted EBITDA increases to $3.4 Million -

TERRE HAUTE, Ind., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG) (鈥淗allador鈥� or the 鈥淐ompany鈥�) today reported its financial results for the second quarter ended June 30, 2025.听

鈥淲e delivered a strong second quarter highlighted by gains across the P&L, including increased revenue, net income and adjusted EBITDA, along with another period of positive cash flow from operations,鈥� said Brent Bilsland, President and Chief Executive Officer. 鈥淥ur performance reflects the operational resilience of our platform, particularly as we navigated seasonal spring softness in the energy market and a scheduled outage at one of our generating units. The strength of our remaining unit and higher-than-expected market pricing in late June helped offset those headwinds, while our coal operations benefited from improved cost efficiency and stronger recovery rates. As a result of these operational enhancements and our planned outage at Merom, inventory levels rose in the quarter, positioning us for an active second half as both units return to full dispatch and coal customer shipments accelerate.鈥澨�

Bilsland continued, 鈥淲e鈥檙e also seeing increased momentum in our commercial strategy to secure a long-term power purchase agreement (PPA). Since concluding exclusive discussions with a major data center developer in May, we鈥檝e engaged with a broader slate of potential partners, including utilities whose proposals offer compelling scale and execution benefits. The current market backdrop, characterized by ramping demand for accredited capacity and resilient baseload power, presents a significantly more attractive landscape than when we initiated our RFP process last year. We remain optimistic that these conversations will culminate in a long-term agreement that enhances value for our shareholders.鈥澨�

鈥淟ooking ahead, we remain focused on unlocking the full value of our dispatchable generation assets while continuing to evaluate strategic acquisitions and enhancements. The momentum we're seeing across federal and state policy, combined with growing interest from potential partners for a long-term PPA, reinforces our confidence in the path ahead. We believe Hallador is uniquely positioned to capitalize on the secular trends that are reshaping the energy sector.鈥澨�

Second Quarter 2025 Highlights听

• Despite our planned maintenance outage and typical seasonal softness in the energy market early in the quarter, the Company generated growth on both the top and bottom line.听
  
  
  • Total revenue increased 10% year-over-year to $102.9 million, driven by a strong increase in coal sales to $38.1 million.听
  • Net income and Adjusted EBITDA increased year-over-year to $8.2 million and $3.4 million, respectively.听
    

• The Company generated $11.4 million in operating cash flow during the second quarter, which was used to partially fund capex.听
  
  
  • Total bank debt was $45.0 million at June 30, 2025, compared to $23.0 million at March 31, 2025, and $44.0 million at December 31, 2024. The expected increase from March 31, 2025 was driven by a higher revolver balance related to the planned maintenance outage.
  • In June 2025, Hallador amended its credit agreement to enhance operating flexibility for the remainder of the year. The amendment redefined covenants, deferred certain covenant requirements until the third quarter and moved the scheduled October 2025 debt repayment to January 2026. During the second quarter, Hallador entered into a $35.0 million prepaid power sales agreement and at the Company鈥檚 request it was permitted to deposit $19.0 million from that transaction into a money market account as a compensating balance to the Term Loan in lieu of immediately paying it off. These changes support improved liquidity management and provide optionality as the Company evaluates refinancing alternatives for the current credit facility prior to their maturities over the course of 2026.听
    
  • Total liquidity was $42.0 million at June 30, 2025, compared to $69.0 million at March 31, 2025, and $37.8 million at December 31, 2024.听
    
  • Capital expenditures in the second quarter were $13.1 million compared to $13.2 million in the year-ago period.听
    

• Hallador continues to focus on forward sales to secure its energy position.
  听
  • At quarter-end, Hallador had total forward energy, capacity and coal sales to 3rd party customers of $1.0 billion through 2029.听
    
    

_{*听听听Non-GAAP financial measure, defined as EBITDA}听_{plus effects of certain subsidiary and equity method investment activity, less other amortization, plus certain operating activities including stock-based compensation, asset retirement obligations accretion, less gain on disposal or abandonment of assets, plus other reclassifications such as special non-recurring project expenses.}

Adjusted EBITDA听should not be considered an alternative听to net income, income from operations, cash flows from operating activities听or any other measure of financial performance presented in accordance with GAAP. Our method of computing Adjusted EBITDA may not be the same method used to compute similar measures reported by other companies. Management believes the non-GAAP financial measure, Adjusted EBITDA, is an important measure in analyzing our liquidity.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section听27A of the Securities Act of 1933, as amended (the听"Securities Act"), and Section听21E of the Securities Exchange Act of 1934, as amended (the听"Exchange Act").听Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as听"expects," "believes," "intends," "anticipates," "plans," "estimates," "guidance," "target," "potential," "possible,"听or听"probable"听or statements that certain actions, events or results听"may," "will," "should,"听or听"could"听be taken, occur or be achieved.听Forward-looking statements include, without limitation, those relating to our ability to secure a long-term power purchase agreement, to unlock the full value of our dispatchable generation assets and to identify, evaluate and execute potential strategic acquisitions and enhancements. Forward-looking statements are based on current expectations and assumptions and analyses made by Hallador and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements.听These risks include, but are not limited to, those set forth in Hallador鈥檚 annual report on Form听10-K for the听year ended December听31, 2024, and other Securities and Exchange Commission filings. Hallador undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.

Conference Call and Webcast

Hallador management will host a conference call today, August 11, 2025 at 5:00听p.m. Eastern time to discuss its financial and operational results, followed by a question-and-answer period.

Date: Monday, August 11, 2025
Time: 5:00听p.m. Eastern time
Dial-in registration link:
Live webcast registration link:

The conference call will also be broadcast live and available for replay听in the investor relations section of the Company鈥檚 website at .

About Hallador Energy Company

Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company鈥檚 website at听.

Company Contact

Todd E. Telesz
Chief Financial Officer

Investor Relations Contact

Sean Mansouri, CFA
Elevate IR
(720) 330-2829