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Mar 31, 2020
Hallador Energy Q1 2020 Earnings Report
Hallador Energy reported a net loss for Q1 2020, impacted by non-cash adjustments and increased operating costs.
Key Takeaways
Hallador Energy Company reported a net loss of $3.7 million, or ($0.12) per share, for the first quarter of 2020. The results were affected by non-cash adjustments and increased operating costs. The company has taken proactive steps to enhance liquidity, including amending its credit facility and suspending its dividend.
Net loss of $3.7 million, ($0.12) per share reported.
Net income reduced by $3.9 million due to non-cash adjustments.
Operating costs per ton increased by $2.43/ton compared to Q1 2019 due to delayed shipments and Carlisle Mine closure costs.
Credit facility amended to increase allowable leverage ratios, providing $55.4 million in liquidity.
Forward Guidance
Due to the impacts and economic uncertainty of COVID-19, the Company is suspending sales guidance but still carries a strong contracted sales position through 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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