anticipate by you, around improvement tons. In we Thank the at coal we’ll but quarter. X.X $X.X X.X revenue year, year-over-year, shipments and million. of million last million slowly, third inventory coal increased our the XX% tons. half began should the in third in This pace, when we of Hallador. reduced for the looking very finish total production shipments increased Shipments year, strong shipped by for half in QX, $XX first Larry. And XXXX. and This million results the in come outpaced by was XXXX XX%, in our quarter shipping
tons X.X to million We XXXX. tons X.X million produce in expect to
X We XXXX million up currently XXXX. ramping to are production tons for and
are XXX another the more all We we XX people. focusing the hiring on in We need just in we and month of need. next two the October, have We added equipment a It four will in will take to decline. roughly little of this complete, becomes workforce represent and fourth employees our new cost months. new training workforce. before Once time efficient one employees
at are away employee over our the and over reasons combat an should XXXX. expected To construction is supply this, ton, miles operating as is requiring elevated QX $X.XX now at were substantially, X. particularly finalizing these $X.XX to per phase per of hoist which we’re increases for of costs production QX the XX.X labor travel X costs, on quarter portal, expense Oaktown Oaktown The follows. the ton prior The workforce. which Focusing actually underground and reduce today, our at long for be times from operational $XX.XX here
unfortunately, inputs. some We’ve few developing have work vendors, from causing we’ve of chain underground our very This us been standpoint. disruptions Additionally, supply This coal this for from prices is new pay a lot additional necessary, productive should labor. be that work completed support a experienced mines of required a production and month. not our to premium but also it’s
XXXX. in remain to premiums throughout these XXXX dissipate and expect We
reaching Our Mine XXXX. Ace out reserve will in mine and Hole life In of its is The the of end November
of elevated Our our XX% structure responsible Ace for quarter. the during cost about is
to for Hole new open The in Mine pit XXXX. expect Ace We a In
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Focusing drawdown we the on which flows utilized flow debt. cash Increased and quarter, our strong reduce inventory to coal shipments cash during created and of debt.
million $XX.X During that’s pay our significant down of paid XX.X operating QX, flow cash bank and debt of to million I’d out by shares, you have million. down when debt. we million point shares, like a XX $XX.X generated
leverage end ratio improved the $XX.X at million to X.X period. the decreased the and of times to liquidity our Our quarter, in
Looking have has on. at substantially as the year gone gotten markets markets. All the stronger
XXXX average up here, then from NYMEX this of year in saw last price That’s gas, was. forward to it April XX-month tell And at kind $X.XX. over big the $X in year, that’s the XXXX, jumped $X.XX. decades, in $X. In average up the lowest average to that. the we recovery was of gas NYMEX the November And of climbed how to Then basically, half the or for under August gas curve. it just two first XXXX out became Looking you prices tough in
quite market Coal XXXX October, XXXX. have based was $XXX $XX. saw we export the is this April, is ton. prices gas, in increased on strength strong the really through natural the prices rapidly. of of In By also Asian a lot QX to a which market. price So are that APIX, increased which
night, to I it think was up $XXX. last
There long So, presently market of we’re term. world. in mean the this many are more for what improved large gained Asia since around in production seeing been interested But pricing in and all our importantly, outlined have have has for all discussing of where increased, in XXXX XXXX, higher you natural headlines beginning and Europe. Q. of We’ve point has beyond. coal coal does But those the prices of both most share think gas stronger amounts prices I and for prices dramatically costs to a Hallador forms electricity energy
to finish As previously will shareholders Hallador a see discussed, strong XXXX.
in the $X.XX in prices higher the expecting $X fourth somewhere range. to quarter, We’re
in our is a replaced dispatch of tons last no were by tons. XX% year, but with at million we our to and A prices, slightly of are believe that XX% sales legacy today’s roughly substantial far gas is as at XXXX, coal and roll Next the margin priced expect tons we’ll presently, margins X off contracts improvements shipments market see market. to XXXX, million at markets. night. price of gas $X.XX most maintain curve as over than higher little we are be in front but natural to out In better X being XXXX
of cause an is So, popped happens on MISO MISO and very modeled further today much here you end scenarios we start down many from stated And should have unforeseen electricity here if how I coal situation years This often. that XX, many generation believe period, or to the will that number very that weather I its at will grid I we will if generate positive replace to sit likely to sales plants be generation believe. we reach the what MISO Operator, Indiana’s manages They a why well who long That’s declaration collides on of power switch simply XX will is there – the capacity. is Independent could that free. starting mean, when that How come. announced have in continue generation, time emergency do estimates Hallador near than warning other will up do tight baseload down as some up on start these XX% to outages is you all until speaks believe be strong to And think that shut System be next XXXX. December, needed has Thus, have be that switches MISO, years in with on October not of I a states’ get us that will from that, with we the an harsh MISO three headlines generators an is cash demand at this years perspective. next emergency debt for that happen. for the think believe And three to loudly. in coal is positioned grids, and something which months. the things causes of now. longer these coal-fired a they them switches, with of call questions. carbon-free late, question on that flow not to we On open the XX of with
