Hallador Energy Company reported a Q2 total revenue of $90.9 million and a net loss of $10.2 million, or $(0.27) earnings per share. The company generated $23.5 million in operating cash flow and faced challenges due to low natural gas and electricity prices.
Generated $23.5 million in operating cash flow during the second quarter.
Total bank debt was $45.5 million with total liquidity of $60.7 million at June 30, 2024.
The company's leverage ratio was 2.12x at June 30, 2024.
Capital expenditures were $13.2 million for the second quarter.
Hallador is focused on transforming the company and capturing increased value by expanding its offerings in the power sector, including potential long-term contracts for data centers. They anticipate that natural gas inventories will decrease and prices will recover later this year.
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