Coal producer Hallador's Q3 revenue beats estimates

Hallador Energy

10/11/2025 21:19

Overview

Hallador Q3 revenue up 40% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, rising 1.6x yr/yr

Company filed ERAS application for 525MW gas generation expansion

Outlook

Hallador targets Q4 2028 for 525 MW gas generation expansion at Merom site

Company sees accelerating demand for accredited capacity from data centers

Hallador aims to secure long-term agreement for large load development

Result Drivers

FAVORABLE MARKET CONDITIONS - Increased energy demand and higher natural gas prices supported revenue growth

OPERATIONAL EFFICIENCY - Efficient operations and higher dispatch levels reduced inventories and enhanced financial performance

EXPANSION PLANS - Filed ERAS application for 525MW gas generation expansion, targeting Q4 2028 completion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$146.80 mln
$109.97 mln (4 Analysts)
Q3 EPS
$0.55
Q3 Net Income
$23.90 mln
Q3 Adjusted EBITDA
Beat
$24.90 mln
$12.98 mln (4 Analysts)
Q3 Operating Cash Flow
$23.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy"

Wall Street's median 12-month price target for Hallador Energy Co is $23.00, about 14.5% above its November 7 closing price of $19.67

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nGNX8QstVT

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)