Hallador Energy Company 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Electric sales for Q2 2026 were $59.5 million, slightly down from $60 million in Q2 2025.
- Third party coal sales increased to $40.6 million from $38.1 million year over year.
- Accredited capacity revenue rose 17% to $18.6 million compared to the prior year.
- Total energy sales volume increased 17%, while average price per megawatt hour declined to $41.69 from $52.66.
- Net loss for Q2 2026 was $15.2 million versus net income of $8.2 million in Q2 2025.
- Cash flow used in operations was $23.9 million compared to cash flow provided of $11.4 million in the prior year period.
- Adjusted EBITDA was negative $2.9 million compared to positive $3.4 million in Q2 2025.
- Capital expenditures were $26.3 million, up from $13.1 million, mainly due to reliability upgrades and Turtle Creek development.
- Forward energy capacity sales position increased to approximately $1.6 billion as of June 30, 2026, up from $571.2 million at March 31, 2026.
- Total contracted revenue on a consolidated basis was approximately $1.8 billion, with segment-level forward sales at $2.4 billion including a 12-year capacity agreement signed in May 2026.
- Total liquidity was $84.2 million at June 30, 2026, down from $97.5 million at March 31, 2026, reflecting cash used for planned outage and capital investments.
STOCKNOW INSIGHTS
Continue with outlook and guidance.
Log in to unlock executive comments and Q&A highlights.
Log in for the full summaryStockNow uses AI to translate and summarize earnings calls. Accuracy and completeness are not guaranteed.
Transcript
Preview the first five paragraphs, organized by speaker.
Afternoon. Thank you for attending Hallador Energy's second quarter 2026 earnings conference call. At this time, all participants are in listen only mode. Following our prepared remarks, there will be a question and answer session, and instructions will follow at that time. As a reminder, this call is being recorded. I'd like to turn the call over to Sean Mansouri, the company's investor relations advisor with Elevate IR.
Please go ahead, Sean. Thank you, and good afternoon, everyone.
We appreciate you joining us to discuss our second quarter 2026 results. With me today are Chairman and CEO, Brent Bilsland, and CFO, Todd Telesz. This afternoon, we released our second quarter 2026 financial and operating results in a press release that is now on the Hallador investor relations website. Today, we will discuss those results, as well as our perspective on current market conditions and our outlook. Following prepared remarks, we will open the call to answer your questions. Before we begin, a reminder that some of our remarks today may include forward-looking statements subject to a variety of risks, uncertainties, and assumptions contained in our filings from time to time with the SEC, and are also reflected in today's press release.
While these forward-looking statements are based on information currently available to us, if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual results may vary materially from those we projected or expected. In providing these remarks, Hallador has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law to do so. With the preliminaries out of the way, I'll turn the call over to Chairman and CEO, Brent Bilsland.
Thank you, Sean, and thank you everyone for joining us this afternoon. We are now halfway through 2026, and I would describe our year so far as two stories running side by side. The first is operational. We spent the second quarter putting money and downtime into Merom. Most of it planned, some of it not, and the results show it. The second story, and in our view, by far the more important one, is the continued transformation of the company into a multi-fuel independent power producer. I want to start there because we have made real progress on our natural gas generation project at Merom. We have now formally named that project Turtle Creek Gas, or Turtle Creek for short. Turtle Creek is a proposed 460-megawatt simple cycle natural gas-fired plant project that would meaningfully expand and diversify our dispatchable generation platform.
FULL TRANSCRIPT
Continue the full translated transcript in StockNow.
Log in to unlock every statement, the English original, and speaker-by-speaker history.
Log in for the full transcriptCall participants
9 people spoke on this call — only 2 are shown here.
PARTICIPANT LIST
View participant details in StockNow.
Log in to see executives and analysts, their roles, and complete speaking history.
Log in to view all participantsKeep exploring