HNRG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• •risks relating to our ability to fund and perform our obligations under the Asset Purchase Agreement (the "APA") with Energy World Corporation Ltd. for the acquisition of turbine equipment, including our ability to secure financing for the remaining purchase price and related costs on a timely basi…

• •risks relating to the international and domestic transportation, refurbishment, and delivery of the turbine equipment acquired under the APA, including delays, damage or loss in transit, and costs that exceed our current estimates;

• •risks that we may be unable to deploy the turbine equipment acquired under the APA as planned, including because the Midcontinent Independent System Operator (“MISO”) does not approve our Expedited Resource Addition Study (“ERAS”) application or the related expansion project does not otherwise proc…

• require us to sell the project together with the equipment or sell the equipment on a standalone basis, potentially at a loss;

• •risks relating to our ability to participate in the MISO ERAS program, which ultimately requires the approval of MISO of our application and is a capital intensive project subject to construction, operational, financial, regulatory and legal risks that could impact the project’s viability and/or ti…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• •risks relating to Midcontinent Independent System Operator’s (“MISO”) Expedited Resource Addition Study (“ERAS”) program review and approval process;

• You should consider the information above when reading any forward-looking statements contained in this Quarterly Report on Form 10-Q; other reports filed by us with the U.S. Securities and Exchange Commission (“SEC”); our press releases; our website www.halladorenergy.com and written or oral statem…

• (1) Other operating costs primarily include costs for lime dust.

• (2) Other operating and maintenance costs include all other operating and maintenance costs with the exceptions of those costs considered variable included in fuel and other operating costs.

• Segment operating revenues from electric operations decreased $20.8 million, or 24.3%, compared to the first quarter of 2025, attributable to a $22.6 million decrease in sales of delivered energy partially offset by a $1.7 million increase in accredited capacity revenue. Our Electric Operations gene…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• fix the prices of certain purchases and sales to alleviate market risk and improve visibility into future results. See the “Forward Sales Position” table within the “Material Changes in Results of Operations” section of “Item 2. Management’s Discussion and Analysis of Financial Condition and Results…

• We are exposed to market price fluctuations for emission credits related to our investments in Sunrise Energy and Oaktown Gas, which had an aggregate carrying value of $2.3 million at June 30, 2026. For additional information regarding our investments in Sunrise Energy and Oaktown Gas, see “Item 1. …

• We are also exposed to counterparty performance risk under the APA. Our ability to receive the turbine equipment we agreed to purchase, and to recover amounts we paid toward the purchase price, depends on the performance of the Seller and its designated vendors.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• We are exposed to market price fluctuations for emission credits related to our investments in Sunrise Energy and Oaktown Gas, which had an aggregate value of $2.5 million at March 31, 2026. For additional information regarding our investments in Sunrise Energy and Oaktown Gas, see “Item 1. Financia…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• We entered into a substantial commitment to acquire turbine equipment for which we have not yet secured financing, and our failure to timely obtain financing or perform our obligations under the related agreements could have a material adverse effect on our business, financial condition, and results…

• On May 30, 2026, we entered into an Asset Purchase Agreement (the “APA”) with Energy World Corporation Ltd. (the “Seller”) to acquire approximately 460 MW of Siemens gas turbines, generators, a steam turbine, and ancillary equipment for a total purchase price of $350.0 million, plus approximately $1…

• This remaining commitment significantly exceeds our total liquidity of $84.2 million as of June 30, 2026. We are evaluating financing alternatives, which may include project-level financing, structured financing arrangements supported by our contracted revenue base, proceeds from long-term offtake a…

• The turbine equipment we are acquiring is intended to support our proposed expansion of generation capacity through MISO’s ERAS program. Our ability to complete that expansion and to realize the anticipated benefits of the equipment is subject to MISO’s approval of our ERAS application and other con…

• The turbine equipment must be transported internationally and domestically through a complex, multi-stage logistics process, and delays, damage, or cost overruns in that process could adversely affect the cost, timing, and expected benefits of our planned expansion.

Text added vs the prior filing · source: 10-Q · 2026-08-10

• During the second quarter of 2026, Heath Lovell, the Company's Chief Operating Officer, adopted a trading arrangement for the sale of shares of the Company's common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934 (a "Ru…

• During the three months ended June 30, 2026, no other director or officer of the Company adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement as defined in Item 408(c).

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• During the three months ended March 31, 2026, no director or officer of Hallador adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of Regulation S-K.