Hallador Energy

Q2 FY2026 EarningsQ2 FY26 results beat revenue expectations but significantly missed earnings and cash flow targets. Revenue reached $101.5M vs. $90.0M consensus, driven by higher 3rd-party coal sales and capacity revenue, but high purchased power costs and maintenance outages at the Merom plant resulted in a GAAP EPS of -$0.32, missing the $0.27 profit expected. Management reduced the Turtle Creek Gas project budget to below $800M and expedited its COD to H2 2028, while contracted forward sales reached a robust $2.4B.