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Jun 30, 2021
Hallador Energy Q2 2021 Earnings Report
Hallador Energy reported a net loss for Q2 2021 and announced an increase in contracted sales.
Key Takeaways
Hallador Energy reported a net loss of $3.0 million, or ($.10) per share, for the second quarter of 2021. However, the company is experiencing a strong market turnaround, adding 500,000 tons of contracted sales during the quarter and expecting a 40% increase in shipments in the last half of 2021.
Shipments improved to a 5.6 million-ton annualized pace in Q2 2021 from a 4.7 million-ton annualized pace in Q1 2021.
The company expects shipments in the last half of 2021 to run at an ~7.0 million-ton annualized pace.
Hallador generated $6.4 million in Adjusted Free Cash Flow during the quarter.
The entire $10 million PPP Loan was forgiven on July 23, 2021, and will be recognized during Q3 2021.
Forward Guidance
Hallador Energy expects to ship ~1 million more tons in the last half of 2021 versus the first half, representing a 40% increase in shipments.
Positive Outlook
- Strong market turnaround
- Added an additional 500,000 tons of contracted sales during the quarter
- Expect to ship ~1 million more tons in the last half of 2021 versus the first half, representing a 40% increase in shipments
- Expect shipments in the last half of 2021 to run at an ~7.0 million-ton annualized pace.
- Expect to add tons later in the year for 2022 and beyond as markets recover and gas prices continue to increase.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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