DealsMay 6, 2026, 05:07 PM
Hallador Signs 12-Year, $1B+ Capacity Deal; Q1 Net Loss $9.3M
AI Summary
Hallador Energy Company announced a 12-year capacity agreement expected to generate over $1 billion in contracted revenue from 2028 to 2040, nearly doubling its forward sales book. This deal, priced at more than double historical capacity pricing, provides significant long-term revenue visibility. For Q1 2026, the company reported a net loss of $9.3 million and total revenue of $101.8 million, reflecting previously disclosed availability constraints at its Merom plant.
Key Highlights
- Signed 12-year capacity agreement (2028-2040) for over $1 billion in contracted revenue.
- Q1 2026 total revenue was $101.8 million, down from $117.7 million YoY.
- Q1 2026 net loss was $(9.3) million, compared to net income of $10.0 million YoY.
- Q1 2026 Adjusted EBITDA was $5.5 million, down from $19.3 million YoY.
- Generated $20.5 million in operating cash flow in Q1 2026.
- No outstanding bank debt at March 31, 2026, down from $29.7 million at Dec 31, 2025.
- Total liquidity was $97.5 million at March 31, 2026, up from $38.8 million at Dec 31, 2025.
- Total forward sales commitments (excluding new deal) were $1.2 billion through 2029.