Hallador Energy Q1 revenue falls lower electric sales

Hallador Energy Co

06/05/2026 21:58

Overview

US power producer's Q1 revenue fell yr/yr, slightly missing analyst expectations

Adjusted EBITDA for Q1 missed analyst expectations

Company signed 12-year capacity agreement expected to generate over $1 bln in revenue

Outlook

Hallador expects new 12-year capacity agreement to generate over $1 bln revenue from 2028-2040

Hallador expects operational performance to improve later in 2026 after reliability upgrades at Merom

Result Drivers

MEROM AVAILABILITY CONSTRAINTS - Co said lower electric sales were driven by reduced generation at Merom due to previously disclosed availability constraints

HIGHER CAPACITY REVENUE AND COAL PRICING - Co said accredited capacity revenue and improved coal pricing partially offset lower electric sales

Company press release: ID:nGNX6zPQXG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$101.80 mln
$102.28 mln (5 Analysts)
Q1 Net Loss
$9.30 mln
Q1 Adjusted EBITDA
Miss
$5.50 mln
$10.49 mln (4 Analysts)
Q1 Operating Cash Flow
$20.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 $27.00, about 52.9% above its May 5 closing price of $17.66

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)