Hallador Energy Reports 5.6% Q1 Revenue Growth Amid $1.5B Forward Sales

Hallador Energy reported a strong first quarter in 2025, with revenue increasing 5.6% year-over-year to $117.8 million, surpassing analyst expectations. The company posted GAAP earnings per share of $0.23, a notable improvement from a loss in the previous year, and saw net income and adjusted EBITDA rise significantly. Operationally, Hallador's Electric Operations segment achieved a 23.1% increase in MWh sold, and coal shipments remained robust, supporting the company's integrated independent power producer model. Management highlighted ongoing negotiations with a global data center developer for long-term capacity and energy supply, though final agreement timing remains uncertain. Despite the positive financial and operational trends, some analysts caution about potential downside risk based on valuation metrics, advising investors to consider both short and long-term factors. Overall, Hallador is positioned for growth driven by rising demand for reliable power amid grid volatility and regulatory support.