Hallador Energy Co. Swings to Loss

(photo courtesy of Hallador Energy Co.)

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Terre Haute-based Hallador Energy Co. (Nasdaq: HNRG) is reporting a second quarter net loss of $3 million, compared to net income of $254 million during the same period last year. Chief Executive Officer Brent Bilsland says, despite the loss, the company is experiencing one of the strongest and most dramatic market turnarounds in years.

“As a result, we have added an additional 500,000 tons of contracted sales during the quarter and expect to ship ~1 million more tons in the last half of 2021 versus the first half, representing a 40% increase in shipments,” said Bilsland.

Bilsland says the company expects to add tons later in the year for 2022 and beyond as markets recover and gas prices continue to increase.

You can connect to the full earnings report by clicking here.