NASDAQ$HNRG

Hallador Energy Company · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Hallador Energy reported a net loss for Q2 2021 and announced an increase in contracted sales.

Hallador Energy reported a net loss of $3.0 million, or ($.10) per share, for the second quarter of 2021. However, the company is experiencing a strong market turnaround, adding 500,000 tons of contracted sales during the quarter and expecting a 40% increase in shipments in the last half of 2021.

  • Shipments improved to a 5.6 million-ton annualized pace in Q2 2021 from a 4.7 million-ton annualized pace in Q1 2021.
  • The company expects shipments in the last half of 2021 to run at an ~7.0 million-ton annualized pace.
  • Hallador generated $6.4 million in Adjusted Free Cash Flow during the quarter.
  • The entire $10 million PPP Loan was forgiven on July 23, 2021, and will be recognized during Q3 2021.

Headline financials

Total Revenue

$55.6M

Previous: $52.1M+6.8%
EPS (adj)

-$0.10

Previous: $0.01-1100.0%
Capital Expenditures

-$10.8M

Previous: -$10M-8.0%
Free Cash Flow

-$13.8M

Previous: -$9.78M-41.1%
Net Income

-$2.96M

Previous: $254K-1266.9%
Operating Income

-$448K

Previous: $12M-103.7%
Gross Profit

$13.2M

Previous: $15.9M-17.2%
Cash & Equivalents

$2.58M

Previous: $7.38M-65.0%
Total Assets

$378M

Previous: $412M-8.2%
Stock-Based Comp

$285K

No prior period

Revenue & EPS history

Hallador Energy · Revenue · Quarterly

$55.6M

Q2 2021+6.8%vs Q2 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Hallador Energy expects to ship ~1 million more tons in the last half of 2021 versus the first half, representing a 40% increase in shipments.

Tailwinds

  • Strong market turnaround
  • Added an additional 500,000 tons of contracted sales during the quarter
  • Expect to ship ~1 million more tons in the last half of 2021 versus the first half, representing a 40% increase in shipments
  • Expect shipments in the last half of 2021 to run at an ~7.0 million-ton annualized pace.
  • Expect to add tons later in the year for 2022 and beyond as markets recover and gas prices continue to increase.

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 Q2 2021

Historical avgQ2 2021

+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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