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Hallador Energy Co (HNRG) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

Hallador Energy Co

CIK: 788965 Ticker: HNRG

 

EXHIBIT 99.1

 

NEWS RELEASE

FOR IMMEDIATE RELEASE

 

Hallador Energy Reports 2015 Results

 

Denver, CO – March 11, 2016 – Hallador Energy Company (NASDAQ: HNRG) today reported financial and operating results for the year ended December 31, 2015. 

 

Highlights include:

 

·

Revenue increased 41% year over year to a record $340.1 million, driven by record tons sold of 7.4 million due to the August 2014 acquisition of the Oaktown mines.

 

·

Bank debt was reduced by $56.9 million, to a total of $250 million.

 

·

Net income was $20.1 million, $.68 per share.

 

·

Adjusted EBITDA was $90.8 million.

o

Defined as EBITDA plus stock-based compensation.

 

·

Cash from operating activities was $94.7 million.

 

·

Adjusted free cash flow was $44 million.

o

Defined as pre-tax income, plus DD&A, plus stock-based compensation, less capex.

 

 

“Despite the many headwinds of 2015, Hallador generated record amounts of cash.  This enabled us to focus on our main goal of reducing debt,” said Brent Bilsland, our CEO.  “I am very proud of the fact that in the 16 months post purchasing the Oaktown mines, we have reduced our bank debt by $100 million. During the next few weeks we expect to execute an amendment to our credit agreement’s covenants that will increase our liquidity, enabling us to weather the slowdown in the coal industry, as more fully explained in our 2015 Form 10-K which was filed concurrently with this release. “

 

EBITDA, adjusted EBITDA and adjusted free cash flow are supplemental measures of financial performance that are not required by, or presented in accordance with GAAP. These measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, analysis of our results as reported under GAAP.

 


The following information was filed by Hallador Energy Co (HNRG) on Friday, March 11, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hallador Energy Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheet
Consolidated Balance Sheet (parentheticals)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Operations
Consolidated Statement Of Stockholders' Equity
Asset Realization
Asset Realization (narrative) (details)
Bank Debt
Bank Debt (narrative) (details)
Bank Debt (schedule Of Future Maturities) (details)
Bank Debt (tables)
Employee Benefits
Employee Benefits (employee Benefit Plans) (details)
Employee Benefits (narrative) (details)
Employee Benefits (tables)
Equity Investment In Savoy
Equity Investment In Savoy (condensed Balance Sheet - Savoy) (details)
Equity Investment In Savoy (condensed Statement Of Operations - Savoy) (details)
Equity Investment In Savoy (narrative) (details)
Equity Investment In Savoy (tables)
Equity Investment In Sunrise Energy
Equity Investment In Sunrise Energy (condensed Balance Sheet - Sunrise) (details)
Equity Investment In Sunrise Energy (condensed Statement Of Operations - Sunrise) (details)
Equity Investment In Sunrise Energy (narrative) (details)
Equity Investment In Sunrise Energy (tables)
Fair Value Measurements
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (expected Income Tax) (details)
Income Taxes (tables)
Liability Extinguishment
Liability Extinguishment (narrative) (details)
Net Income Per Share
Net Income Per Share (details)
Net Income Per Share (tables)
Other Long-term Assets And Other Income
Other Long-term Assets And Other Income (schedule Of Other Income) (details)
Other Long-term Assets And Other Income (schedule Of Other Long-term Assets) (details)
Other Long-term Assets And Other Income (tables)
Quarterly Financial Data
Quarterly Financial Data (summary Of Quarterly Financial Data) (details)
Quarterly Financial Data (tables)
Self Insurance
Self Insurance (details)
Stock Compensation Plans
Stock Compensation Plans (narrative) (details)
Stock Compensation Plans (schedule Of Restricted Stock Units) (details)
Stock Compensation Plans (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (changes To Aro) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (tables)
Vectren Fuels Acquisition
Vectren Fuels Acquisition (narrative) (details)
Ticker: HNRG
CIK: 788965
Form Type: 10-K Annual Report
Accession Number: 0001144204-16-087556
Submitted to the SEC: Fri Mar 11 2016 4:09:35 PM EST
Accepted by the SEC: Fri Mar 11 2016
Period: Thursday, December 31, 2015
Industry: Bituminous Coal And Lignite Mining

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