Transformation to Vertically-Integrated Power Producer
In 2024, Hallador transitioned from a traditional coal producer to a vertically-integrated power producer (IPP). This shift aligns with market trends and aims to unlock long-term shareholder value.
Strategic Partnership Progress
Signed a non-binding term sheet and an exclusivity agreement with a global data center developer, with financial commitments up to $5 million during the exclusivity period, indicating progress towards a definitive agreement.
Power Generation and Sales Growth
Increased megawatt hours generated in Q4 by 5% from Q3, with improving pricing trends and higher dispatch rates. Contracted 4.25 million megawatt hours for 2025 at $37.24 per MWh.
Reduction in Bank Debt
Reduced total bank debt from $91.5 million to $44 million by the end of 2024, strengthening the balance sheet.