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Hallador Energy net income drops YOY in Q4'18

Hallador Energy Co. on March 11 reported net income of $2.6 million, or 9 cents per share, in the fourth quarter of 2018, compared with $21.4 million, or 69 cents per share, in the prior-year quarter.

Fourth-quarter 2018 revenue was $89.7 million, compared with $69.3 million in the year-ago period.

The company sold 2,219 tons of coal in the fourth quarter of 2018, compared with 1,685 tons in the prior-year quarter. The average sales price was $40.12 per ton, compared with $40.90 in the year-ago quarter.

For full year 2018, net income was $7.6 million, or 25 cents per share, compared with $33.1 million, or $1.08 per share, a year earlier.

Revenue for 2018 totaled $293.6 million, compared with $271.6 million a year earlier.

The company sold 7,365 tons of coal during the year, compared with 6,574 tons a year earlier. The average sales price was $39.62 per ton, compared with $40.80 a year earlier.