Hallador Energy Company reported its financial results for the third quarter ended September 30, 2024. The company achieved total revenue of $105.0 million during the quarter. Net income stood at $1.6 million, translating to $0.04 earnings per share.
Operating cash flow for the third quarter was negative $12.9 million, while Adjusted EBITDA reached $9.6 million. These figures reflect the company's ongoing financial performance as it continues its strategic transformation.
A significant development was the signing of a non-binding term sheet with a leading global data center developer. This agreement outlines a potential plan to supply power for over 10 years, marking a key step in Hallador's pivot to an Independent Power Producer.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.