Earnings ·
Hallador Energy Company reported a net loss of $15.2 million for the second quarter ended June 30, 2026, compared to…
HNRGHallador Energy Co
Hallador Energy Company reported a net loss of $15.2 million for the second quarter ended June 30, 2026, compared to net income of $8.2 million in the prior-year period. Total revenue decreased to $101.5 million from $102.8 million, driven by lower delivered energy sales despite higher accredited capacity and third-party coal revenues. Adjusted EBITDA was negative $2.9 million versus positive $3.4 million previously. The company drew $45.0 million under a delayed draw term loan, resulting in total bank debt of $45.0 million at quarter-end. Capital expenditures rose to $26.3 million due to reliability upgrades and Turtle Creek project costs. Management updated the Turtle Creek Gas project timeline to commercial operation in the second half of 2028 with an estimated cost below $800 million. Contracted forward sales reached $2.4 billion at the segment level through 2040. Hallador Energy Company operates as a vertically-integrated independent power producer and coal supplier.