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Dec 31, 2022
Hallador Energy Q4 2022 Earnings Report
Hallador Energy reported full-year financial results for 2022.
Key Takeaways
Hallador Energy Company reported a net income of $18.1 million, or $0.57 per share, for the full year 2022. The company signed 2.2 million tons of new coal sales contracts at an average price of approximately $125 per ton in the summer of 2022, with deliveries continuing through 2025.
Generated $54.2 million in operating cash flow and paid down bank debt by $26.5 million in 2022.
Bank debt was $85.2 million, liquidity was $32.1 million, and the leverage ratio was 2.05X as of December 31, 2022.
Increased coal production to 6.5 million tons in 2022, up from 5.8 million in 2021, with the potential to produce as much as 7.5 million tons in 2023.
Completed the acquisition of Merom Generating Station on October 21, 2022, providing flexibility for up to 40% of coal production beginning in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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