Hallador Energy reports Q2 EPS 19c, consensus (15c)

Reports Q2 revenue $102.9M, consensus $91.73M. Reports Q2 adjusted EBITDA $3.4M vs. ($5.8M) last year. At quarter-end, Hallador had total forward energy, capacity and coal sales to third party customers of $1B through 2029. Brent Bilsland, president and CEO, said, “We delivered a strong second quarter highlighted by gains across the P&L, including increased revenue, net income and adjusted EBITDA, along with another period of positive cash flow from operations. Our performance reflects the operational resilience of our platform, particularly as we navigated seasonal spring softness in the energy market and a scheduled outage at one of our generating units… We’re also seeing increased momentum in our commercial strategy to secure a long-term power purchase agreement (PPA). Since concluding exclusive discussions with a major data center developer in May, we’ve engaged with a broader slate of potential partners, including utilities whose proposals offer compelling scale and execution benefits.”