Mon, May 12, 9:27 PM (39 days ago)
**Hallador Energy Company (HNRG) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $117.79 million, up from $111.57 million in Q1 2024. - **Net Income:** $9.98 million, a significant improvement from a loss of $1.696 million in Q1 2024. - **Earnings per Share (EPS):** $0.23, compared to a loss of $0.05 in Q1 2024. - **Operating Expenses:** $103.85 million, down from $108.84 million in Q1 2024. - **Cash Flow from Operations:** $38.42 million, up from $16.37 million in Q1 2024. **Segment Performance:** - **Electric Operations:** Revenue increased to $85.94 million from $60.68 million, driven by higher energy prices and volumes. - **Coal Operations:** Revenue decreased to $30.19 million from $49.63 million due to reduced volumes and prices. **Key Metrics:** - **EBITDA Margin:** Electric Operations improved to $26.14 million from $19.898 million. Coal Operations turned positive to $5.69 million from a loss of $1.205 million. - **Cash Flow:** Significant improvement in cash flow from operations, indicating better liquidity. **Trends & Uncertainties:** - **Positive Trends:** Improved coal production, higher energy prices, and successful restructuring efforts. - **Uncertainties:** Complex negotiations for long-term energy supply agreements, potential extensions of exclusivity periods, and market volatility. **Future Operations & Impact:** - **Strategic Initiatives:** Evaluating acquisitions, expansions, and natural gas co-firing to enhance reliability and resiliency. - **Financial Flexibility:** Strong liquidity position with $69 million in total liquidity as of Q1 2025. - **Market Position:** Focus on capturing higher prices and volumes, especially with data center development and traditional wholesale customers. **Conclusion:** Hallador Energy Company showed strong financial performance in Q1 2025, driven by improved coal production and higher energy prices. The company is strategically positioning itself to capture future growth opportunities in the energy market while managing uncertainties and market volatility.