HALLADOR ENERGY CO
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
HNRG$10.16-4.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | |
| Net income (loss) | | $(9,321) | | $9,979 | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | | | | |
| Deferred income tax (benefit) | | (504) | | — | ||
| Equity method investment loss | | 121 | | 236 | ||
| Depreciation, depletion and amortization | | 10,606 | | 14,977 | ||
| Gain on disposal or abandonment of assets, net | | (201) | | (21) | ||
| Loss on extinguishment of debt | | | 230 | | | — |
| Amortization of debt issuance costs | | 274 | | 497 | ||
| Asset retirement obligations accretion | | 408 | | 427 | ||
| Cash paid on asset retirement obligation reclamation | | (148) | | (156) | ||
| Stock-based compensation | | 1,135 | | 1,084 | ||
| Amortization of contract liabilities | | (36,447) | | (35,669) | ||
| Accretion on contract liabilities | | | 2,834 | | | 1,560 |
| Amortization of right-of-use assets | | | 87 | | | — |
| Other | | | 1,533 | | | 3,224 |
| Change in current assets and liabilities: | | | | | ||
| Accounts receivable | | 4,837 | | 2,856 | ||
| Inventory | | (4,630) | | 367 | ||
| Parts and supplies | | (2,039) | | (1,033) | ||
| Prepaid expenses | | (2,580) | | (330) | ||
| Accounts payable and accrued liabilities | | 7,427 | | 3,124 | ||
| Contract liabilities | | 46,874 | | 37,297 | ||
| Net cash provided by operating activities | | | 20,496 | | | 38,419 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | ||
| Capital expenditures | | | (7,681) | | | (11,693) |
| Proceeds from sale of equipment | | 201 | | 21 | ||
| Net cash used in investing activities | | (7,480) | | (11,672) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | ||
| Payments on bank debt | | (56,700) | | (33,000) | ||
| Borrowings of bank debt | | 26,700 | | 12,000 | ||
| Payments on lease financing | | | (3,172) | | | (1,693) |
| Debt issuance costs | | (5,780) | | | — | |
| Proceeds from ATM offering, net of issuance costs | | 201 | | — | ||
| Proceeds from public offering, net of issuance costs | | | 53,764 | | | — |
| Taxes paid on vesting of RSUs | | (38) | | — | ||
| Net cash (used in) provided by financing activities | | 14,975 | | (22,693) | ||
| Increase in cash, cash equivalents, and restricted cash | | 27,991 | | 4,054 | ||
| Cash, cash equivalents, and restricted cash, beginning of period | | 15,372 | | 12,153 | ||
| Cash, cash equivalents, and restricted cash, end of period | | $43,363 | | $16,207 | ||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: | | | | | ||
| Cash and cash equivalents | | $36,778 | | $6,891 | ||
| Restricted cash | | 6,585 | | 9,316 | ||
| | | $43,363 | | $16,207 | ||
| SUPPLEMENTAL CASH FLOW INFORMATION: | | | | | ||
| Cash paid for interest | | $1,002 | | $1,830 | ||
| Non-cash change in capital expenditures included in accounts payable and prepaid expense | | $9,981 | | $(1,649) | ||
| Right-of-use asset additions | | $2,402 | | $— | ||
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