Hallador Energy signs nearly $700M power deals, lifts forward sales to $3B (HNRG:NASDAQ)

Hallador Energy (HNRG) announced a six-year power deal for its Merom station, starting in 2029. The agreement, priced 20% above a previous contract, will generate $271M in capacity revenue and an estimated $422M in energy revenue. This increases Hallador's forward sales book to $3B and contracts 95% of Merom's capacity through 2035. The company also seeks approval for a 460MW natural gas project.

Hallador Energy (HNRG) signed 6-year capacity and energy deals with a MISO Zone 6 utility, adding $271M in capacity revenue and estimating $422M in energy revenue. Forward sales at the segment level now total $3B.

Hallador Energy (HNRG) closed a $600M loan, with $550M funded immediately, to support its $800M Turtle Creek power plant. $120M will refinance existing debt. The company aims to limit equity dilution and plans commercial operation by late 2028. Existing operations generate $1.8B in contracted revenue, reducing funding uncertainty.

Hallador Energy (HNRG) rose 8.9% after securing a $600M term loan to fund its Turtle Creek natural gas project in Indiana, with $550M already funded.

HALLADOR ENERGY CO (HNRG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 ​ Hallador Reports Q2 2026 Results; Gas Project Budget Reduced Below $800 Million ​ - Turtle Creek COD Expedited to the Second Half of 2028 - ​ - Contracted Forward Sales Reach $2.4 Billion at the Segment Level - ​ - Management to Host Conference Call Today at 5:00 p

Hallador Energy’s subsidiary, Hallador Power, was selected by the U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office to begin negotiations for up to $27.2 million in potential federal funding to modernize the 1,080 MW Merom Generating Station in Indiana. The project is estimated at $56.9 million and would upgrade water management systems to support future ELG requirements; Hallador said it expects no material benefit to 2026 results.