Hallador Energy (HNRG) Tops Q2 EPS by 7c, Beats on Revenues

Hallador Energy (NASDAQ: HNRG) reported Q2 EPS of $0.07, $0.07 better than the analyst estimate of $0.00. Revenue for the quarter came in at $66.86 million versus the consensus estimate of $62 million.

Highlights include:

• Net income was $2.1 million, $0.07 per share for Q1 2018.
  • Operating cash flow was $13.2 million.
• Bank debt was reduced by $11 million to $191 million in Q1 2018.
  • Leverage was reduced to 2.37X.
• The Princeton Rail Loop loaded its first unit train in May 2018 and continues to attract new sales opportunities.
• Sales forecast increased from 6.8 to 7.0 million tons for 2018.
• Hourglass Sands made significant progress and anticipates shipping sand to customers in the DJ Basin in Q3 2018. We believe Hourglass to be the only frac sand mining company in the State of Colorado.

For earnings history and earnings-related data on Hallador Energy (HNRG) click here.

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