Every material Form 8-K HALLADOR ENERGY CO has filed with the SEC since August 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hallador Energy's subsidiary Hallador Power signed a six-year power purchase agreement and a capacity credit sale agreement with Duke Energy Indiana, both covering output from the Merom Generating Station from June 1, 2029 through May 31, 2035. The filing says Duke Energy Indiana will pay approximately $271 million for the capacity credits over the term, and the company's press release puts total forward sales at $3 billion. The deals lock in future revenue for much of Merom's output but require standby letters of credit and are unit contingent.
Capacity agreement: 225 ZRCs per day on average, with Duke Energy Indiana paying approximately $271 million over the six-year term
Energy agreement: 200 MW annual average base energy quantity, unit contingent, with the company estimating about $422 million of energy revenue at current forward prices
Standby letters of credit: $3.5 million for the PPA rising to $7.0 million in January 2029, and $6 million for the MPPSA rising to $12 million in January 2029
Press release says the agreements raise total forward sales to $3 billion; full agreements to be filed with the next Form 10-Q
On September 15, 2026, Hallador Energy and subsidiary Turtle Creek Gas Holdings closed a $600 million senior secured term loan with Kennedy Lewis Investment Management, with $550 million funded at closing. The company says the loan will fund turbine payments, development costs and construction of the 460-megawatt Turtle Creek gas project, which has an expected total cost of less than $800 million, but borrowings carry high interest rates and are secured by substantially all company and subsidiary assets.
$600 million senior secured term loan, with $550 million funded at closing and a $50 million delayed draw available for 12 months
Interest is 3.5% cash plus SOFR plus 4.50% payable in kind before commercial operation, then SOFR plus 8.00% in cash after operation begins
Loan matures three years after closing, with a two-year extension option requiring a 3.0% extension fee
Covenants include minimum unrestricted cash of $10 million starting with the test period ending December 31, 2026
Hallador Energy entered into a Third Amendment to its Credit Agreement with Texas Capital Bank as administrative agent on August 11, 2026. The amendment changes how EBITDA is defined, allowing certain power purchase agreement exclusivity payments received in the quarter ended June 30, 2026 to be added back, up to $10 million in aggregate.
Amendment dated August 11, 2026, to the Credit Agreement originally dated March 5, 2026
Permits add-back to EBITDA of PPA exclusivity payments received in the quarter ended June 30, 2026, capped at $10,000,000
Texas Capital Bank serves as administrative agent; the full amendment is filed as Exhibit 10.1
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every HALLADOR ENERGY CO filing is on SEC EDGAR ↗. 8-K briefs of other companies →