NASDAQ$HNRG

Hallador Energy Company · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Hallador Energy's financial performance reflected a net loss, progress in transitioning to an independent power producer, and strategic debt reduction.

Hallador Energy reported a net loss of $1.7 million for Q1 2024, with basic earnings per share of $(0.05). The company generated $16.4 million in operating cash flow and $6.8 million in adjusted EBITDA. A key highlight was the Electric Operation's revenue exceeding the Coal Operation's revenue, marking progress in the company's transition to an independent power producer.

  • Generated $16.4 million in operating cash flow, used to pay down bank debt by $14.5 million.
  • Bank debt was reduced to $77.0 million, increasing liquidity to $39.5 million and maintaining a leverage ratio of 1.58X.
  • Electric Operation's revenue exceeded Coal Operation's revenue for the first three months of 2024, highlighting the transition to an independent power producer.
  • Secured approximately $138.0 million in new long-term capacity and energy contracts since January 1, 2024.

Headline financials

Total Revenue

$110M

Previous: $188M-41.8%
EPS

-$0.05

Previous: $0.61-108.2%
Adjusted EBITDA

$6.82M

No prior period
Capital Expenditures

-$14.9M

Previous: -$13.5M-10.3%
Free Cash Flow

-$16.6M

Previous: $8.57M-293.4%
Net Income

-$1.7M

Previous: $22.1M-107.7%
Operating Income

$2.73M

Previous: $29.2M-90.7%
Gross Profit

$24.6M

Previous: $54.8M-55.1%
Cash & Equivalents

$1.64M

Previous: $2.44M-33.0%
Total Assets

$585M

Previous: $617M-5.1%
Stock-Based Comp

$666K

Previous: $1.22M-45.4%

Revenue & EPS history

Hallador Energy · Revenue · Quarterly

$110M

Q1 2024-41.8%vs Q1 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

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 2024

Historical avgQ1 2024

+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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