Hallador Energy Q2 2022 Earnings Report
Key Takeaways
Hallador Energy Company reported a net loss of $3.4 million for the quarter ended June 30, 2022. The company improved its cost structure, contracted for forward sales at higher prices, and raised capital to improve liquidity. Progress was made towards acquiring the Merom power plant.
Improved cost structure by approximately $8/ton compared to Q1 2022.
Contracted for approximately 2.2 million tons of forward sales at over $125/ton.
Raised $10 million to increase liquidity, with an additional $19 million raised in Q3.
Made significant progress toward closing the acquisition of the Merom power plant.
Hallador Energy
Hallador Energy
Forward Guidance
Hallador Energy anticipates further significant margin expansion in Q4 and 2023, with margins exceeding $20 per ton during 2023. Projected 2023 Adjusted EBITDA of approximately $160 million.
Positive Outlook
- Significant margin expansion expected in Q4.
- Margins in excess of $20 per ton expected during 2023.
- Projected 2023 Adjusted EBITDA of ~$160 million.
- Improved cost structure.
- Increased sales prices.