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Mar 31, 2023
Hallador Energy Q1 2023 Earnings Report
Reported strong first quarter results with improved coal margins and debt reduction.
Key Takeaways
Hallador Energy reported a net income of $22.1 million and adjusted EBITDA of $34.0 million for Q1 2023. Coal margins improved significantly, and the company reduced its bank debt by $10 million. They anticipate robust coal pricing for the remainder of the year.
Net income was $22.1 million.
Basic earnings per share were $0.67.
Adjusted EBITDA reached $34.0 million.
Coal margins improved to $17.07 per ton.
Hallador Energy
Hallador Energy
Forward Guidance
Hallador Energy expects coal pricing to remain robust for the balance of the year and anticipates additional opportunities for coal, electricity, and capacity sales.