Hallador Energy FY25 revenue slightly misses estimates
Overview
US power producer's FY25 revenue up 16% yr/yr, slightly missed analyst expectations
Adjusted EBITDA for FY25 beat estimates, rising nearly threefold yr/yr
Outlook
Hallador has $866.9 mln of contracted third-party revenue through 2029
Company targets completion of 515MW Merom gas generator expansion by Q3 2029
Result Drivers
ELECTRIC SALES GROWTH - Electric sales rose 19% yr/yr, contributing to overall revenue increase
COAL SEGMENT IMPROVEMENT - Improved coal segment results followed production optimization and cost restructuring
POWER PRICING ENVIRONMENT - Constructive power pricing supported full-year growth, per company
PREPAID POWER SALES - Cash flow was supplemented by proceeds from prepaid forward power sales contracts
Company press release: ID:nGNXffzCV
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Slight Miss* | $469.5 mln | $470.66 mln (4 Analysts) |
FY Net Income |
| $41.9 mln |
|
FY Adjusted EBITDA | Beat | $56 mln | $54.73 mln (4 Analysts) |
FY Operating Cash Flow |
| $81.1 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the independent power producers peer group is "buy"
Wall Street's median 12-month price target for Hallador Energy Co is $27.00, about 42.7% above its March 11 closing price of $18.92
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
