Hallador Energy gains on raising core earnings outlook
08/07/2022 13:59
** Shares of coal producer Hallador Energy Co HNRG.O up as
much as 5.31% at $6.15 premarket
** Company late on Wednesday raised its 2023 core earnings
forecast to $160 mln vs previous outlook of $150 mln, citing new
coal contracts and higher volumes urn:newsml:reuters.com:*:nGNX1Y44lP
** Hallador says increased production for upcoming quarters
will come from its existing Oaktown mining complex, Prosperity
surface mine in Indiana, among others
** Company says its Merom power plant is not expected to
meaningfully contribute to core earnings in 2022 and 2023
** Stock more than doubled YTD, as of last close
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna))