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Sep 30, 2023
Hallador Energy Q3 2023 Earnings Report
Hallador Energy reported record net income and adjusted EBITDA for the first nine months and net income for Q3.
Key Takeaways
Hallador Energy Company reported a net income of $16.1 million for the third quarter of 2023. The company's revenue growth was supported by a well-contracted sales book, despite operational challenges that increased cost per ton. Debt reduction efforts and increased profitability have led to a lower debt-to-adjusted EBITDA ratio and increased liquidity.
Net income for the third quarter was $16.1 million.
Basic earnings per share was $0.49.
Operating cash flow was $35.3 million.
Adjusted EBITDA was $35.9 million.
Hallador Energy
Hallador Energy
Forward Guidance
Hallador Energy secured $325 million in energy and capacity sales at excellent prices for the 2024-2028 timeframe.