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Sep 30, 2020
Hallador Energy Q3 2020 Earnings Report
Reported net income and focused on creating positive cash flow to aggressively pay down debt.
Key Takeaways
Hallador Energy Company reported a net income of $1.9 million, or $0.06 per share, for Q3 2020. The company is focused on reducing debt and has paid down $33 million year-to-date. Shipments improved over Q2 levels, and costs remained within expectations.
Net income was $1.9 million, or $0.06 per share.
Shipments improved over Q2 levels.
Costs of $29.30 per ton remained within expectations.
Coal inventories decreased $4.5 million.
Hallador Energy
Hallador Energy
Forward Guidance
Due to the impacts and economic uncertainty of COVID-19, the Company is continuing to suspend sales guidance, but still carries a strong contracted sales position through 2022.