HALLADOR ENERGY CO

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

HNRG$10.59+4.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

As of December 31,

	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$2,842	$3,009
Restricted cash	4,281	3,417
Accounts receivable	19,937	29,889
Inventory	23,075	49,796
Parts and supplies	38,877	28,295
Contract asset - coal purchase agreement	—	19,567
Prepaid expenses	2,262	4,546
Total current assets	91,274	138,519
Property, plant and equipment:
Land and mineral rights	115,486	115,595
Buildings and equipment	537,131	534,129
Mine development	158,642	140,108
Finance lease right-of-use assets	12,346	—
Total property, plant and equipment	823,605	789,832
Less - accumulated depreciation, depletion and amortization	(334,971)	(309,370)
Total property, plant and equipment, net	488,634	480,462
Investment in Sunrise Energy	2,811	3,988
Other assets	7,061	7,585
Total assets	$589,780	$630,554
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of bank debt, net	$24,438	$33,031
Accounts payable and accrued liabilities	62,908	82,972
Current portion of lease financing	3,933	—
Deferred revenue	23,062	35,485
Contract liability - power purchase agreement and capacity payment reduction	43,254	88,114
Total current liabilities	157,595	239,602
Long-term liabilities:
Bank debt, net	63,453	49,713
Convertible notes payable	10,000	10,000
Convertible notes payable - related party	9,000	9,000
Long-term lease financing	8,157	—
Deferred income taxes	9,235	4,606
Asset retirement obligations	14,538	17,254
Contract liability - power purchase agreement	47,425	84,096
Other	1,789	1,259
Total long-term liabilities	163,597	175,928
Total liabilities	321,192	415,530
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.10 par value, 10,000 shares authorized; none issued	—	—
Common stock, $.01 par value, 100,000 shares authorized; 34,052 and 32,983 issued and outstanding, respectively	341	330
Additional paid-in capital	127,548	118,788
Retained earnings	140,699	95,906
Total stockholders’ equity	268,588	215,024
Total liabilities and stockholders’ equity	$589,780	$630,554

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.