Hallador Earnings Grow in Q3

(photo courtesy of Hallador Energy Co.)

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Terre Haute-based Hallador Energy Co. (Nasdaq: HNRG) is reporting third quarter net income of $8 million, compared to $2 million during the same period a year ago. The coal, oil and gas producer posted revenue of $80 million during the quarter.

Chief Executive Officer Brent Bilsland says a strong coal market is creating opportunities for Hallador to ramp up to full production

“Additionally, record shipments during the quarter led us to pay down a healthy $15.2 million of bank debt,” said Bilsland.

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