•
Dec 31, 2023

Hallador Energy Q4 2023 Earnings Report

Reported record net income and adjusted EBITDA for 2023.

Key Takeaways

Hallador Energy Company reported full year 2023 net income of $44.8 million, $1.35 basic earnings per share, operating cash flow of $59.4 million, and adjusted EBITDA of $107 million.

Net income increased by approximately $27 million to $45 million for 2023.

Secured Nearly $500 Million in New Long-Term Capacity and Energy Contracts since January 1, 2023.

Restructured coal division to increase margins and adjust to current market conditions, which will reduce capital expenditure at the Oaktown Mining Complex by $10 million.

Signed Memorandum of Understanding (MOU) with Hoosier Energy and WIN REMC to Provide Opportunities for Non-Traditional Energy Sales at the Merom Site.

Total Revenue
$119M
Previous year: $152M
-21.6%
EPS
-$0.27
Previous year: $0.93
-129.0%
Adjusted EBITDA
$2M
Coal Shipments Revenue
$81.3M
Gross Profit
-$3.44M
Previous year: $41M
-108.4%
Cash and Equivalents
$7.12M
Previous year: $3.01M
+136.7%
Free Cash Flow
-$46.7M
Previous year: $24.6M
-290.2%
Total Assets
$590M
Previous year: $631M
-6.5%

Hallador Energy

Hallador Energy

Hallador Energy Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income