Quarterly ResultMay 6, 2026, 05:27 PM
Hallador Energy Q1 Net Loss $(9.3M); Establishes New Credit Facility
AI Summary
Hallador Energy reported a net loss of $(9.3) million for Q1 2026, a significant decline from a net income of $10.0 million in Q1 2025, with total sales and operating revenues decreasing to $101.8 million. The company established a new $120 million credit facility and fully repaid its prior credit agreement, substantially reducing bank debt to zero. This, combined with a $53.8 million public offering, boosted total liquidity to $97.5 million.
Key Highlights
- Reported Q1 2026 net loss of $(9.3) million, down from $10.0 million net income in Q1 2025.
- Total sales and operating revenues decreased to $101.8 million in Q1 2026 from $117.7 million in Q1 2025.
- Basic EPS was $(0.20) for Q1 2026, compared to $0.23 in Q1 2025.
- Established a new $120 million credit facility and fully repaid the prior credit agreement.
- Bank debt, net, reduced to $0 as of March 31, 2026, from $29.7 million on December 31, 2025.
- Raised $53.8 million from a public offering and $0.2 million from an ATM offering.
- Total liquidity increased to $97.5 million as of March 31, 2026.
- Net cash provided by operating activities was $20.5 million in Q1 2026.