HALLADOR ENERGY CO

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

About this filing

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 Statements of Operations

(in thousands, except per share data)

	2023	2022
SALES AND OPERATING REVENUES:
Coal sales	$361,926	$289,376
Electric sales	267,927	66,252
Other revenues	4,627	6,363
Total sales and operating revenues	634,480	361,991
OPERATING EXPENSES:
Operating expenses	473,390	266,608
Depreciation, depletion and amortization	67,211	46,875
Asset retirement obligations accretion	1,804	1,010
Exploration costs	904	651
General and administrative	26,159	16,417
Total operating expenses	569,468	331,561
INCOME FROM OPERATIONS	65,012	30,430
Interest expense (1)	(13,711)	(11,012)
Loss on extinguishment of debt	(1,491)	—
Equity method investment (loss) income	(552)	443
INCOME BEFORE INCOME TAXES	49,258	19,861
INCOME TAX EXPENSE (BENEFIT):
Current	(164)	—
Deferred	4,629	1,756
Total income tax expense	4,465	1,756
NET INCOME	$44,793	$18,105
NET INCOME PER SHARE:
Basic	$1.35	$0.57
Diluted	$1.25	$0.55
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic	33,133	32,043
Diluted	36,827	33,649

(1) Interest Expense:
Interest on bank debt	$8,636	$7,563
Other interest	1,842	715
Amortization and swap related interest:
Payments on interest rate swap, net of changes in value	—	(867)
Amortization of debt issuance costs	3,233	3,601
Total amortization and swap related interest	3,233	2,734
Total interest expense	$13,711	$11,012

ContentsView on SEC.gov

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