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.

Hallador Energy Company entered into a Second Amendment to its Credit Agreement with Texas Capital Bank and various lenders to revise financial maintenance covenants. The amendment, effective for quarters ending on or after June 30, 2026, adjusts the total leverage ratio limit to 4.25 to 1.0 and establishes a stepped-down schedule for senior secured leverage ratios from 3.00 to 1.0 by June 30, 2026, down to 2.50 to 1.0 by June 30, 2027. Hallador Energy Company is an energy company involved in the production and management of energy resources.

On June 8, 2026, Hallador Energy Company appointed Matthew Bradford White as Chief Legal Officer. Mr. White's compensation package includes an annual base salary of $500,000, a target annual performance bonus of $175,000 (maximum $350,000), a one-time RSU grant valued at $200,000 vesting over three years, and a $100,000 signing bonus paid in immediately vesting RSUs. Additionally, he is entitled to a retention bonus upon a Change of Control consisting of $1,250,000 plus 2.5 times his prior year's annualized performance bonus and a prorated current year bonus. The company operates in the energy industry, focusing on oil and gas exploration and production.