Hallador Energy Company reported its financial results for the fourth quarter and full year ended December 31, 2024. Fourth quarter total revenue was $94.2 million, contributing to a full year total revenue of $404.4 million.
Operating cash flow for Q4 2024 increased to $32.5 million, with the full year operating cash flow reaching $65.9 million. Adjusted EBITDA for Q4 2024 rose to $6.2 million, and full year Adjusted EBITDA was $16.8 million.
The company recorded a non-cash write-down of Sunrise Coal’s carrying value by approximately $215 million in the fourth quarter, reflecting a strategic shift away from higher-cost coal reserves. Hallador also reduced its bank debt by over 50% to $44 million by year-end 2024.
Management confirmed meaningful progress towards finalizing definitive agreements for a data center transaction within the exclusivity period, which runs from January through early June 2025. The counterparty has committed to pay up to $5 million during this period.
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