you thank all for Hi, joining.
flow, market During operations were lower quarters. has Though coldest performed February well. years. weather shipments Production costs exceptionally yet lower the ton increased increase ton, of cost for during the has quarter, In cash cold $XX.XX to when which to to due by significantly be than were cash and continued our into productivity year. XXXX QX lower roughly quarter last quarter us to than XX were in conditions, team QX the allowed costs turned significantly to it roughly This $X a has tons improvement prior interrupted compared as led our our in delayed the production $XX.XX. sales the XXX,XXX a
to stay delay will will Total soon sales. rise shipments additional we If the Oaktown, Looking for be [those $XX.XX cash tons the additional just X.X our delivered delays QX $X.X of tons. XXXX. $XX.XX costs at million quarter, its improve, turned conditions or anticipate coal resulting Hallador’s this for the for versus into third EBITDA XXX,XXX QX, results quarter inventory weather led this and in excellent operating market as later XXXX productivity of Increased with and for shipment year. shipments in solicitations Though cold at delay to second were X.X by additional did million. quarters]. sales to roughly flow, million were multiple be caused level QX, cash coupled it continued
million during to delays. this the shipments balance in Hallador able the and by of shipment XX.X quarter for reduce was increased to meet the year. X.X maintain coal the will inventory However, liquidity, bank be million needed despite debt
period. rose the ratio X.XX end the to EBITDA at of times Our slightly
on As its past by Paycheck by recommended past expected our X, bank. we as April have forgiven calls, SBA $XX loan Hallador discussed the million this to Protection be Program
However, in processing the all delayed told has claims. we're SBA
Had So, forgiven date, the we patiently our liquidity await X would their the roughly on our April $XX million. response. required SBA loan today be
forward, in The in $X.XX lowest evidenced competitor over by markets energy prices. the two Looking coal price are decades. gas recovering average that's averaged increasing as XXXX, Nymex to
was strip As of yesterday, month Nymex XX the X.XX. gas
improving. is quarter. is XXXX So, also coal ton where for are That’s of customer price marker third year-over-year. export of $XX at Indiana X, XXXX up plants. prices is our in it Coal This was Asian a XX% base which the a gas dollar plants dispatching QX a API increase. are XX% front for metric
also We up X the API marker the $XX in third year-over-year. That's quarter for XXXX at ton. a of see Europe XX% metric
– it economy, the it the seems Reserve indicated everything policy, their do As good keep stimulus. general it they prior his likely monetary foreseeable financial low. plans has President continue of easy like its interest we Biden continue power levels do will desire meaning to of everything Federal administrations, announced to look will at to policy has Much will in future. The rates it providing be for unprecedented
ago GDP, [MUFG accounts. $XX since trend income in of extra how consumers Though U.S. the national of Just in big U.S. their have scale XX total a debt has excess roughly created side combination COVID XX% is equation the trillion to and fiscal since X.X announced of below the pandemic. income crisis U.S. U.S. stimulus beginning of XX bank gross the over outstanding. estimates now scares the provide and to me, just positive trillion. of months over the Jason debt above trillion that accelerated the spending growth total this XX% of fiscal trend is, little Furman in disposable reports] of of the Harvard to Remarkably, as stimulus economist, cash this is translates
has can investor all money last declining I the XX of there's into lower of the on negatively and asset Rates newsletter, rates and creates environment here, demand we is return This fuel years. demanded points of the lowers the feds latest to steadily I huge quote, writer, who rates rise that take his higher – rate on in Marks, asymmetrical out rising assets implying lowers prices. won't Howard making can't returns believe it a in fantastic assets quite is and for interest asset downtrend that that plenty proposition. for returns is declined This demand if nominal on assurance the the why been a appears since that's “the That's But everything risk tailwind decline. territory. the biggest from and negative higher a So, a over economy. investors possibility for rates.” interest have prices rates if it can believe
would asset were So, vulnerability may I to of rise. companies. justified could if today source the high today's energy be at be today's prices a fuel true for rates rates, opposite clearly interest that's argue but fossil
companies As higher fossil for as premium. capital the fuel the of proceeds need the have cost an energy market already risk added
has of it premium question have on – XXXX deliver result, at As years, as time. from today. the for to increased times call X.X is is, of all electricity timing a EBTIDA, what how for politicians the risk carbon or at may over over a times current and the practical the half over increase from need that trading the promised four went last trading X.X will roughly levels EBITDA in value decrease enterprise The an multiple free
Biden admirable However, multiples President it's the our carbon says, an likely of to by next over electricity few multiple goal. years. we're to Xx XXXX is And return more to dropped Xx or free goal.
we the renewables electric However, grid they be Midwest, operators and says XX% grid find XX%, might to by tempered possible, are says statements. but for and the more their utility MISO the neglect say operator in when. is MISO the CEOs
power. generation During February’s for days MISO’s several XX% extremely approaching weather was fired cold coal
unit. importance retired the we're the transition and end generation the zero customers future for gas renewable roughly reporting be and bridge fruitfully economical, by time month, net a quoting, generation has plan the to plant the that's of and bill renewables power. generation achieving greener adjust zero to and are cleaner, that desire the with resources energy enabling build the bill XX% roughly I'm at coal to Akins size generation] is just coal requirements, provide grid i.e. XXXX of X,XXX to more replaced the This coal penetration fired that of if carbon XX and XX depreciation on? Could XX Unit is House here a the Chairman ratepayers. appreciation to here, Indiana, new out] to at include question, What federal the XXXX. our AEP into fossil priced have the Regulatory case note of by [XX during [phased to our even asset Rockport in in both into now sure This life or MISO’s in requires fuels reference of at the to particular carbon Rockport carbon At interest equities This to expires changed take when Indiana as this technology? January future. Commission days Tax Utility of both XXXX, company has generating a of by Today, last utility have the there using free announced where MISO’s and portfolio asked the successful that So be might to its MISO April the powered our the unit utilize expand also time. of trend considering of of catches much of I XXXX. goal But a fuel resource in who fossil carbon January Akins, natural duration. Duke capture the this were a increasing. electricity XXXX. likely and target of was utilities Duke that of schedules coal of that CEO value concept in plants. does XX% of will new that significance emissions and plant shorten existing unit we generation, running from capture capacity Power coal best potentially and not end If in gas carbon life agreement a bigger Senate closure this lease has the years? rates extend consideration new a megawatt had MISO of more a do, dioxide XX% Indiana by support that’s [indiscernible] today? signed gas bridge coal credits manner XX the was current Indiana, AEP’s both consumer other averaged units look February for XX a generation been recent acquire been Again, to making their and that February dramatically less. period. and ago. Last bridge Michigan projects XXXX, is further plants number On decided XXXX of acquisition it owners at and Nick the coal Is market if replaced period both the XX, XX% coal and now. Energy, something extending of the the to bills storage said also to of has types short-term years coal XXXX. is, generation there investments, they meaning the tax credits is X These plant are from was capture net in from Indiana's least and largest for utilities storage That coal are Indiana’s would XX% Governor years future
on see We I metallurgical has carbon fuel exposure. energy some focusing on on is plan. customer’s depending projects, divesting increasing has greener Here because use of to pivot. component by compliance their it while of appeal elements. enormous on of a most helping solar capture Others their focus may are coal produced of companies countries international was that and to attention allows coal Others It renewable Capture and sort also in esteem would in mining President generation. some add are coal the fuels. currently owning domestic assets, reserves their expected embraced fossil be Biden's working [Biden] transition the also electrons. developing companies business continued U.S. appeal Carbon
generating on focusing long as just as they are Some cash for can.
unlikely desire the investors two that it to the be develop a likely the an believe our Hallador in So, transition? there premiums teams customers. replaced Time think, transition and are pivot this with customers companies is can most think is what XX]. for I familiar also must long [in will both over that help longer have space, risk it be make ask, transition I try took working will that I period and questions that will years how the electric take well tell management which think to be company, and how was a to our partner to XXX successful cases, day of or face transition will to every fall of In valuations will a to happen. rise. partner and the investors system
with up audience. the to open that, will I from So questions
