Overview
Hallador Q2 revenue up 10% to $102.9 mln, driven by coal sales
Adjusted EBITDA rises to $3.4 mln, beating analyst expectations, per LSEG data
Net income increases to $8.2 mln
Outlook
Company optimistic about securing long-term power purchase agreement
Hallador exploring strategic acquisitions and enhancements
Result Drivers
COAL SALES - Revenue growth driven by strong increase in coal sales to $38.1 mln
OPERATIONAL RESILIENCE - Co attributes performance to operational resilience despite seasonal softness and scheduled outage
COST EFFICIENCY - Improved cost efficiency and stronger recovery rates benefited coal operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $102.9 mln | $94.10 mln (3 Analysts) |
Q2 Net Income |
| $8.20 mln |
|
Q2 Adjusted EBITDA | Beat | $3.40 mln | $1.96 mln (3 Analysts) |
Q2 Adjusted Free Cash Flow |
| $11.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the coal peer group is "buy"
Wall Street's median 12-month price target for Hallador Energy Co is $23.00, about 7.7% above its August 8 closing price of $21.22
Press Release: ID:nGNX3WtWjk