-- 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.