Hallador Energy Reports Quarterly Profit Increase

(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 $1.9 million, compared to a loss of $3.7 million during the same period last year. The company says the increase is the result of positive cash flow and aggressive debt payment.

“Year to date, we have paid down $33 million and are on pace to reduce our total bank debt by 20% – 25% for the year,” Brent Bilsland, chief executive officer of Hallador Energy, said in a news release.

As a result of the impacts and economic uncertainty of COVID-19, the company says it is continuing to suspend sales guidance, but maintains a strong sales position through 2022.

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