Hallador Energy Q2 FY26 swings to net loss of $15.2 million; revenue slips 1.26% to $101.5 million
HNRG•Q2 results
Hallador Energy posted a Q2 net loss of USD 15.2 million, swinging from net income of USD 8.2 million a year earlier.
Revenue slipped 1.26% to USD 101.5 million, driven by lower delivered energy sales.
Non-GAAP adjusted EBITDA turned negative at USD 2.9 million, versus USD 3.4 million in Q2 2025.
Operations and project update
Merom’s planned Unit 1 outage lifted maintenance costs; limited Unit 2 downtime during high-price periods raised purchased power expense.
The Turtle Creek Gas project budget was cut to below USD 800 million; commercial operation is now targeted for the second half of 2028.
