Hallador Energy Company delivered a strong second quarter in 2025, with total revenue increasing 10% year-over-year to $102.9 million, driven by a strong increase in coal sales. The company also saw a significant improvement in net income, reaching $8.2 million, and a positive adjusted EBITDA of $3.4 million. Operating cash flow remained positive at $11.4 million, despite planned maintenance and seasonal softness in the energy market.
Total revenue increased by 10% year-over-year to $102.9 million.
Net income improved significantly to $8.2 million, compared to a loss in the prior year.
Adjusted EBITDA turned positive at $3.4 million, up from a negative value in Q2 2024.
The company generated $11.4 million in operating cash flow, contributing to liquidity management.
Hallador Energy is focused on unlocking the full value of its dispatchable generation assets and evaluating strategic acquisitions and enhancements. The company is optimistic about securing a long-term power purchase agreement (PPA) given the current market demand for accredited capacity and resilient baseload power.