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Hallador Energy Company Announces Proposed Public Offering of Common Stock

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TERRE HAUTE, Ind., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG), today a...

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AI Summary

Hallador Energy plans to offer $50 million shares of common stock. Proceeds will support initial commitments for new natural gas facility. Underwriters have a 30-day option to buy an additional 15% of shares. Offer is subject to market conditions; no completion assurance provided. Hallador is a vertically-integrated Independent Power Producer based in Indiana.

Sentiment Rationale

The public offering generally dilutes existing shares and can negatively affect stock price. Similar past offerings, like in other energy sectors, often led to initial price drops due to dilution fears.

Trading Thesis

The immediate impact from stock dilution and market reaction is likely to occur shortly following the announcement.

Market-Moving

  • Hallador Energy plans to offer $50 million shares of common stock.
  • Proceeds will support initial commitments for new natural gas facility.
  • Underwriters have a 30-day option to buy an additional 15% of shares.

Key Facts

  • Hallador Energy plans to offer $50 million shares of common stock.
  • Proceeds will support initial commitments for new natural gas facility.
  • Underwriters have a 30-day option to buy an additional 15% of shares.
  • Offer is subject to market conditions; no completion assurance provided.
  • Hallador is a vertically-integrated Independent Power Producer based in Indiana.

Companies Mentioned

  • BEP (BEP)
  • NRG (NRG)
  • EXC (EXC)

Corporate Developments

The offering is significant for capital structure and future growth plans, influencing investor sentiment.

Hallador Energy Company Announces $50 Million Public Offering of Common Stock

TERRE HAUTE, Ind., Jan. 13, 2026 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) has announced its intention to conduct an underwritten public offering to sell $50 million worth of its common stock. This capital-raising initiative is aimed at strengthening the company's financial foundation and supporting its strategic ventures.

Details of the Public Offering

All shares in this offering will be sold directly by Hallador. Additionally, the company is granting the underwriters a 30-day option to purchase up to an extra 15% of the shares sold. The completion of this offering will depend on prevailing market conditions, and Hallador does not guarantee the timing or completion of the offering.

Use of Proceeds

The net proceeds from the sale of common stock will be utilized for general corporate purposes. This may encompass funding initial financial commitments necessary for equipment reserves for Hallador’s proposed additional natural gas generating facility. Such investments aim to enhance the company's operational capabilities and future growth.

Underwriting and Regulatory Compliance

Texas Capital Securities is serving as the sole bookrunner for the offering, while Northland Capital Markets has been designated as co-manager. The shares are being offered under an automatic shelf registration statement on Form S-3, which took effect upon filing with the Securities and Exchange Commission (SEC) on January 13, 2026.

Investors can access the preliminary prospectus supplement and the accompanying base prospectus through the SEC's website or by contacting TCBI Securities, Inc. at their Dallas office.

Important Securities Information

This announcement does not constitute an offer to sell or a solicitation to buy any securities. Offers will only be made via Hallador's prospectus supplement and accompanying prospectus that are part of the effective registration statement. Sales will not occur in any jurisdiction where such actions would be unlawful prior to the required registration.

About Hallador Energy Company

Hallador Energy Company (Nasdaq: HNRG) operates as a vertically-integrated Independent Power Producer based in Terre Haute, Indiana. The company's operations are divided into two key divisions: Hallador Power Company, LLC, which produces electricity at the one Gigawatt Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to both the Merom Generating Station and other enterprises.

Forward-Looking Statements

This release includes forward-looking statements as per Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements reflect Hallador's intentions regarding the public offering, its usage of proceeds, and its future projects, all of which involve inherent risks and uncertainties.

Risks include, but are not limited to, those detailed in Hallador’s annual Form 10-K for the year ending December 31, 2024, and other SEC filings. Hallador is under no obligation to update these forward-looking statements unless required by law.

Investor Relations Contact

For further inquiries, investors can reach out to Sean Mansouri, CFA at Elevate IR by phone at (720) 330-2829 or via email at HNRG@elevate-ir.com.

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