RADNOR, Pa., Feb. 13, 2026 /PRNewswire/ — Pardee Resources Company (OTC: PDER) (the “Company”) announced today that a West Virginia jury recently returned a favorable verdict for Big Huff Minerals LLC (Big Huff), a wholly owned subsidiary, and for Big Huff’s coal lessee, against a large utility company related to a dispute involving a utility easement for its transmission lines and towers across Big Huff’s property. The jury awarded $16 Million in damages and prejudgment interest to Big Huff and its coal lessee for the value of the coal lying beneath the transmission towers that would have been otherwise mined if the towers were not present on the property. The Court previously ruled that the coal lessee will incur $58 Million in added costs to mine around the transmission towers and that the coal lessee would be awarded that amount if the plaintiffs (Big Huff and its coal lessee) prevailed at trial. The plaintiffs intend to move for entry of a judgment order totaling $74 Million ($16M+$58M) and to request prejudgment interest on the added costs which could add approximately $10 Million to the judgment order. The Company’s share of the total judgment order would be approximately 33%. The Company expects that the utility company will seek to reverse the jury’s determination and may also appeal this decision, which may take years to resolve. The Company intends to vigorously pursue this judgment. While the Company’s management believes, based on current knowledge and after consultation with counsel, that this judgment will be upheld, the outcome of legal actions and proceedings is inherently uncertain, and it is possible that this judgment may not ultimately be upheld or that the Company may be unable to collect on this judgment in full, or at all.
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the risk that the jury award could be reduced or reversed or that the Company may be unable to collect on any judgment in full or at all. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Pardee Resources Company
