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Sep 30, 2021
Hallador Energy Q3 2021 Earnings Report
Reported net income and adjusted EBITDA.
Key Takeaways
Hallador Energy Company reported a net income of $8.0 million and adjusted EBITDA of $20.5 million for the third quarter of 2021. The company reduced bank debt by $15.2 million due to record shipments during the quarter.
Net income was $8.0 million, or $0.26 per share.
Adjusted EBITDA was $20.5 million.
Bank debt was reduced to $114.9 million as of September 30, 2021.
The $10 million PPP Loan was forgiven in its entirety during July.
Forward Guidance
Hallador Energy expects to add tons later in the year for 2023 and beyond as the market is currently very short of coal supply. The company anticipates an approximate $3 per ton price increase next quarter.
Positive Outlook
- Extremely strong coal market is creating opportunities.
- Ramp up to full production.
- Increase our average selling price for the next few years.
- Experience approximately $3 per ton price increase next quarter alone.
- Record shipments during the quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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