Hallador Energy (NASDAQ:HNRG) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Hallador Energy (NASDAQ:HNRG) issued its quarterly earnings results on Monday. The energy company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20), Zacks reports. The firm had revenue of $101.51 million during the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%.

Here are the key takeaways from Hallador Energy’s conference call:

• Turtle Creek Gas project progress improved: Hallador expects total costs below $800 million, or roughly $1,700 per kW, with commercial operations targeted for the second half of 2028. Equipment is reportedly in good condition, shipment remains scheduled for September, and the MISO interconnection study is expected in mid-August.
• Hallador’s forward contracted revenue expanded substantially, with approximately $2.4 billion of segment-level commitments extending through 2040, including new long-term capacity agreements. Management also expects to sell additional Merom capacity and potentially energy before year-end.
• Second-quarter results were pressured by Merom’s scheduled outage, unplanned downtime during high-price periods, elevated purchased-power costs, and working-capital investment. Net loss was $15.2 million versus net income of $8.2 million a year earlier, while adjusted EBITDA was negative $2.9 million.
• Liquidity declined to $84.2 million at quarter-end, including $29 million of cash, while bank debt increased to $45 million after the company drew on its delayed-draw term loan. Hallador is evaluating equipment financing, project-level debt, and other structures for Turtle Creek with the goal of minimizing or avoiding equity dilution.

Hallador Energy Price Performance

Hallador Energy stock opened at $15.88 on Tuesday. The company has a market capitalization of $748.42 million, a PE ratio of 29.96 and a beta of 0.25. The business has a 50 day simple moving average of $16.48 and a 200 day simple moving average of $17.37. Hallador Energy has a one year low of $13.65 and a one year high of $24.70.

Analyst Ratings Changes

Several analysts have recently commented on HNRG shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hallador Energy in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Insider Activity

In other Hallador Energy news, Director Daniel Timothy Hudson bought 10,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were bought at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the completion of the acquisition, the director owned 15,000 shares of the company’s stock, valued at approximately $254,100. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Ray Iv Wesley acquired 15,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 35,000 shares of company stock valued at $589,170 over the last three months. 17.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hallador Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after acquiring an additional 624 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Hallador Energy by 92.5% during the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Hallador Energy during the 2nd quarter worth $27,000. Price T Rowe Associates Inc. MD raised its position in shares of Hallador Energy by 10.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,208 shares of the energy company’s stock valued at $347,000 after acquiring an additional 1,746 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Hallador Energy by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock worth $1,271,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.