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Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

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Hallador Energy (HNRG) reported a Q1 net loss late Wednesday of $0.20 per diluted share, swinging from earnings of $0.23 a year earlier.

Analysts polled by FactSet expected a $0.11 loss.

Sales and operating revenue for the quarter ended March 31 were $101.8 million, down from $117.7 million a year earlier.

Analysts polled by FactSet expected $102.3 million.

The company signed a 12-year deal to sell a "substantial" portion of its accredited capacity to a subsidiary of a utility from 2028 through 2040, Hallador said. The deal initially covers a smaller volume of accredited capacity in 2028, rising to two-thirds of the capacity starting in 2029 through 2040.

The company expects to generate more than $1 billion in revenue from the deal, which is subject to regulatory approvals, expected in H2 2026.

Hallador shares were up 15% in premarket activity Thursday.

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