Hallador Energy Company — Q3 2026 Earnings Summary

Hallador Energy Company reported a net loss of $4.5 million for the third quarter of 2026, while Adjusted EBITDA improved to $17.3 million compared to a loss in the prior quarter. The company advanced its Turtle Creek natural gas generation project toward a final investment decision before year-end, securing a $600 million senior secured construction bridge loan and taking title to turbine equipment en route from the Philippines. Total contracted forward sales at the segment level increased 26% to approximately $3.0 billion, driven by new agreements that price substantially higher than previous contracts. Management targets generating approximately $1.6 billion of value from the Turtle Creek project within 24 months as it aims for commercial operation in the second half of 2028.