Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today announced that its wholly owned subsidiary, Hallador Power Company, LLC, has executed six-year capacity and energy agreements with an investment-grade MISO Zone 6 utility (the “Utility”) covering deliveries from the Merom Generating Station from June 1, 2029, through May 31, 2035.

The agreements are effective upon signing and require no regulatory approval. The capacity agreement, Hallador’s third announced in 2026, is priced at the highest capacity price the Company has contracted to date and more than 20% above the capacity contract announced in March.

The agreements increase Hallador’s total forward sales book to $3 billion at the segment level and leave a majority of Merom’s expected production through 2040, contracted to investment-grade counterparties.

“Indiana is open for business, and Hallador is positioned to power its growth for the long term,” said Brent Bilsland, President and CEO, Hallador. “As data center projects shift or are delayed in other states, investment is flowing into Indiana, driving demand for reliable, accredited power that is increasingly scarce across energy markets. That dynamic supports our long-term strategy, strengthens our pricing opportunities, and allows us to contract with large, well-capitalized customers.”

These agreements come as Hallador continues to advance its 460-megawatt Turtle Creek natural gas project adjacent to the existing Merom Generating Station. The company submitted an air permit application for the project on September 25. Once approved, Turtle Creek would expand the Company’s total generating capacity by over 40% and advance its transformation into a multi-fuel independent power producer.

“Merom demonstrates the value of reliable, accredited power in today’s market, and every contract we sign strengthens our conviction in Turtle Creek and our ability to sell its output on favorable terms,” Mr. Bilsland added. “Turtle Creek will build on that foundation, expanding our generation portfolio and positioning Hallador to serve growing power demand with multiple fuel sources.”