NASDAQ$HNRG

Hallador Energy Company · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported strong first quarter results with improved coal margins and debt reduction.

Hallador Energy reported a net income of $22.1 million and adjusted EBITDA of $34.0 million for Q1 2023. Coal margins improved significantly, and the company reduced its bank debt by $10 million. They anticipate robust coal pricing for the remainder of the year.

  • Net income was $22.1 million.
  • Basic earnings per share were $0.67.
  • Adjusted EBITDA reached $34.0 million.
  • Coal margins improved to $17.07 per ton.

Headline financials

Total Revenue

$188M

Previous: $58.9M+219.7%
EPS (adj)

$0.61

Previous: -$0.33+284.8%
Capital Expenditures

-$13.5M

Previous: -$9.08M-48.4%
Free Cash Flow

$8.57M

Previous: -$19.2M+144.6%
Net Income

$22.1M

Previous: -$10.1M+317.6%
Operating Income

$29.2M

Previous: -$8.68M+436.9%
Gross Profit

$54.8M

Previous: $4.31M+1172.9%
Cash & Equivalents

$2.44M

Previous: $4.29M-43.1%
Total Assets

$617M

Previous: $358M+72.3%
Stock-Based Comp

$1.22M

Previous: $55K+2118.2%

Revenue & EPS history

Hallador Energy · Revenue · Quarterly

$188M

Q1 2023+219.7%vs Q1 2022
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Hallador Energy expects coal pricing to remain robust for the balance of the year and anticipates additional opportunities for coal, electricity, and capacity sales.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.7%

Avg return

Earnings day

+4.6%

Avg return

5 days after

+8.2%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+30.9%

Q2 2020

Best reaction

-19.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.0%+9.5%-5.7%
Q4 2025-11.2%-15.1%-21.4%
Q3 2025+18.8%+1.6%+13.9%
Q1 2025+21.0%+26.6%+6.4%
Q4 2024+4.1%+11.3%+25.2%
Q3 2024+19.3%+16.7%+12.6%
Q2 2024-19.7%-14.0%-5.9%
Q1 2024+5.8%+21.3%+69.1%
Q4 2023-6.0%-24.6%-39.4%
Q3 2023-14.5%-11.0%-12.5%
Q2 2023+3.5%+7.2%+11.4%
Q1 2023+16.0%+19.7%+6.6%
Q4 2022+13.1%+18.7%+24.4%
Q3 2022+13.5%+15.1%+35.3%
Q2 2022-11.8%+0.3%-18.8%
Q1 2022+0.6%+12.7%+76.1%
Q4 2021-15.5%-15.2%+7.4%
Q3 2021-12.5%-15.7%-22.7%
Q2 2021-17.6%-16.1%-13.6%
Q1 2021+3.4%+14.5%+35.7%
Q4 2020+16.2%+15.6%+27.7%
Q3 2020+14.9%+17.5%+20.3%
Q2 2020+30.9%+34.5%+15.7%
Q1 2020-3.4%-3.9%+66.4%
Q4 2019+16.8%+12.6%-11.6%
Q3 2019-6.2%-15.5%-8.0%
Q2 2019-6.4%-7.3%-28.1%
Q1 2019+4.1%+12.4%+8.7%
Q4 2018+8.5%+14.1%-3.5%
Q3 2018+1.1%+0.7%-7.3%
Q2 2018-0.9%-7.3%-14.1%
Q1 2018+5.5%+10.0%+11.5%
Q4 2017-3.1%+1.2%+6.7%
Q3 2017+0.8%+9.2%+13.9%
Q2 2017-4.4%-6.9%-14.0%
Q1 2017+21.9%+18.1%+19.5%
Q4 2016+1.2%-4.8%-4.0%
Q3 2016-1.3%+11.1%+2.8%
Q2 2016+5.1%+5.1%+34.2%
Q1 2016-5.2%
Q4 2015+1.9%
Q3 2015+3.2%
Q2 2015+3.7%
Q1 2015-0.2%
Q4 2014-3.1%
Q3 2014-5.7%
Q2 2014-0.2%
Q1 2014+0.1%
Q4 2013+6.1%
Q3 2013-3.4%
Q2 2013-0.6%
Q1 2013+2.7%
Q4 2012-2.2%
Q3 2012-0.5%
Q2 2012+1.2%
Q1 2012-0.5%
Q1 2011-0.5%
Q4 2011-3.2%
Q3 2010+1.9%
Q3 2011+1.9%
Q2 2010+0.0%
Q2 2011+0.0%
Q4 2010+0.0%
Q1 2010-7.2%

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