Overview
Hallador Q3 revenue up 40% yr/yr, beating analyst expectations
Adjusted EBITDA for Q3 beats estimates, rising 1.6x yr/yr
Company filed ERAS application for 525MW gas generation expansion
Outlook
Hallador targets Q4 2028 for 525 MW gas generation expansion at Merom site
Company sees accelerating demand for accredited capacity from data centers
Hallador aims to secure long-term agreement for large load development
Result Drivers
FAVORABLE MARKET CONDITIONS - Increased energy demand and higher natural gas prices supported revenue growth
OPERATIONAL EFFICIENCY - Efficient operations and higher dispatch levels reduced inventories and enhanced financial performance
EXPANSION PLANS - Filed ERAS application for 525MW gas generation expansion, targeting Q4 2028 completion
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $146.80 mln | $109.97 mln (4 Analysts) |
Q3 EPS | $0.55 | ||
Q3 Net Income | $23.90 mln | ||
Q3 Adjusted EBITDA | Beat | $24.90 mln | $12.98 mln (4 Analysts) |
Q3 Operating Cash Flow | $23.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $23.00, about 14.5% above its November 7 closing price of $19.67
The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 62 three months ago
Press Release: ID:nGNX8QstVT
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(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.)