Hallador Energy Company (NASDAQ:HNRG) Q2 2022 Earnings Conference Call August 16, 2022 2:00 PM ET
Company Participants
Rebecca Palumbo - Investor Relations
Larry Martin - Chief Financial Officer
Brent Bilsland - President and Chief Executive Officer
Conference Call Participants
Nick Giles - B. Riley Securities
John Moran - Robotti & Company
Operator
Thank you for standing by and welcome to the Hallador Second Quarter 2022 Earnings Call. My name is Sam and I will be your moderator for today’s call. [Operator Instructions] I now like to hand the call over to Rebecca Palumbo, Investor Relations. Rebecca?
Rebecca Palumbo
Thank you, Sam, and thank you everybody for taking the time to join us today. Yesterday afternoon, we released our second quarter 2022 financial and operating results on Form 10-Q that is now posted on our website. With me today on this call is Brent Bilsland, our President and CEO; and Larry Martin, our CFO. After our prepared remarks, our team will be available to answer your questions.
Before we begin, please note that the discussion today may contain forward-looking statements that are statements related to future, not past events. In this context, forward-looking statements often address our expected future business and financial performance. While these forward-looking statements are based on information currently available to us, if one or more of these risks or uncertainties materialize or if our underlying assumptions prove incorrect, actual results may vary materially from those we projected or expected.
For example, our estimates of binding costs future sales, legislation and regulations. In providing these remarks, we have no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise may be required by law.
For a discussion of some of those risks and uncertainties that may affect our future results, you should see the risk factors described from time-to-time in the reports we file with the SEC.
As a reminder, this conference call is being recorded. In addition, a live and archived webcast at this earnings call is also available on Hallador's website. We encourage you to ask questions during our Q&A. If you are on the webcast and would like to ask a question, you will need to dial into the conference. The toll free number is 844-200-6205, access code 393229.
Now with that, I'll turn the call over to Larry.
Larry Martin
Thank you, Becky, and good afternoon, everyone. Today we’re reporting our second quarter operating results. And before I get started, I want to define adjusted EBITDA as operating cash flows plus current income tax expense, less effects of certain subsidiaries and equity method investments, plus bank interest less the effects of working capital, period changes, plus cash paid on asset retirement obligations, reclamation, plus other amortization.