NASDAQ$HNRG

Hallador Energy Company · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a net loss with improved cost structure and forward sales contracted.

Hallador Energy Company reported a net loss of $3.4 million for the quarter ended June 30, 2022. The company improved its cost structure, contracted for forward sales at higher prices, and raised capital to improve liquidity. Progress was made towards acquiring the Merom power plant.

  • Improved cost structure by approximately $8/ton compared to Q1 2022.
  • Contracted for approximately 2.2 million tons of forward sales at over $125/ton.
  • Raised $10 million to increase liquidity, with an additional $19 million raised in Q3.
  • Made significant progress toward closing the acquisition of the Merom power plant.

Headline financials

Total Revenue

$65.9M

Previous: $55.6M+18.5%
EPS (adj)

-$0.11

Previous: -$0.10-10.0%
Capital Expenditures

-$22.9M

Previous: -$10.8M-111.3%
Free Cash Flow

-$26.3M

Previous: -$13.8M-90.5%
Net Income

-$3.39M

Previous: -$2.96M-14.2%
Operating Income

-$816K

Previous: -$448K-82.1%
Gross Profit

$14.5M

Previous: $13.2M+10.3%
Cash & Equivalents

$8.88M

Previous: $2.58M+244.0%
Total Assets

$376M

Previous: $378M-0.6%
Stock-Based Comp

$53K

Previous: $285K-81.4%

Revenue & EPS history

Hallador Energy · Revenue · Quarterly

$65.9M

Q2 2022+18.5%vs Q2 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Hallador Energy anticipates further significant margin expansion in Q4 and 2023, with margins exceeding $20 per ton during 2023. Projected 2023 Adjusted EBITDA of approximately $160 million.

Tailwinds

  • Significant margin expansion expected in Q4.
  • Margins in excess of $20 per ton expected during 2023.
  • Projected 2023 Adjusted EBITDA of ~$160 million.
  • Improved cost structure.
  • Increased sales prices.

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 2022

Historical avgQ2 2022

+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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