HNRG Chart
About

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana. The company owns the Oaktown Fuels Mine 1 and Oaktown Fuels Mine 2 which is located near Oaktown in Knox County, Indiana; the Freelandville surface mine located near Freelandville in Knox County, Indiana; and the Prosperity surface mine in the Illinois Basin located near Petersburg in Pike County, Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Haute, Indiana.

Fundamentals
Scroll to Statements
Sector Energy Industry Thermal Coal Market Cap 857.16M
Enterprise Value 839.50M Income -173.68M Sales 461.14M
Book/sh 3.40 Cash/sh 0.29 Dividend Yield —
Payout 0.00% Employees 615 IPO —
P/E — Forward P/E 29.25 PEG —
P/S 1.86 P/B 5.36 P/C —
EV/EBITDA 7.88 EV/Sales 1.82 Quick Ratio 0.18
Current Ratio 0.66 Debt/Eq 36.41 LT Debt/Eq —
EPS (ttm) -4.56 EPS next Y 0.62 EPS Growth 14.08%
Revenue Growth 39.60% Earnings 2026-03-16 ROA 6.64%
ROE -74.70% ROIC — Gross Margin 28.68%
Oper. Margin 18.20% Profit Margin -37.66% Shs Outstand 47.02M
Shs Float 33.49M Short Float 6.53% Short Ratio 4.43
Short Interest — 52W High 24.70 52W Low 8.37
Beta 0.21 Avg Volume 561.61K Volume 267.77K
Target Price $26.67 Recom None Prev Close $17.93
Price $18.23 Change 1.67%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$26.67
Mean price target
2. Current target
$18.23
Latest analyst target
3. DCF / Fair value
$4.79
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.23
Low
$23.00
High
$29.00
Mean
$26.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-09-25 init Texas Capital Securities — → Buy $23
2025-08-13 down B. Riley Securities Buy → Neutral $17
2025-05-19 init Northland Capital Markets — → Outperform $23
2025-04-01 main B. Riley Securities Buy → Buy $15
2024-12-09 init Alliance Global Partners — → Buy $17
2024-11-13 main B. Riley Securities Buy → Buy $13
2024-05-30 up B. Riley Securities Neutral → Buy $9
2023-08-30 main B. Riley Securities Neutral → Neutral $11
2023-01-17 down B. Riley Securities Buy → Neutral $9
2020-03-24 main B. Riley Securities — → Buy $4
2017-11-08 main B. Riley Securities — → Buy $10
2015-09-18 init FBR Capital — → Outperform $9
2015-07-29 down BB&T Capital Buy → Hold —
2012-10-09 init Brean Capital — → Buy $10
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1944 37500.0 — Stock Award(Grant) at price 19.29 per share. HARDIE DAVID C Director — 2025-12-31 00:00:00 D
1 2592 50000.0 — Stock Award(Grant) at price 19.29 per share. WESLEY CHARLES RAY IV Director — 2025-12-30 00:00:00 D
2 2592 50000.0 — Stock Award(Grant) at price 19.29 per share. GRAY ZARRELL THOMAS Director — 2025-12-30 00:00:00 D
3 2851 54996.0 — Stock Award(Grant) at price 19.29 per share. LUBAR DAVID J Director and Beneficial Owner of more than 10% of a Class of Security — 2025-12-30 00:00:00 D
4 20000 356576.0 — Purchase at price 17.83 per share. WESLEY CHARLES RAY IV Director — 2025-12-17 00:00:00 I
5 13000 250665.0 — Purchase at price 19.28 per share. WESLEY CHARLES RAY IV Director — 2025-11-21 00:00:00 I
6 100000 1975960.0 — Sale at price 19.76 per share. HARDIE DAVID C Director — 2025-10-01 00:00:00 I
7 173783 3402568.0 — Sale at price 19.53 - 19.65 per share. HARDIE DAVID C Director — 2025-09-30 00:00:00 I
8 112850 2186856.0 — Sale at price 19.18 - 19.82 per share. HARDIE DAVID C Director — 2025-09-26 00:00:00 I
9 85429 1643409.0 — Sale at price 19.08 - 19.25 per share. HARDIE DAVID C Director — 2025-09-23 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-8.83M-171.23K76.66K3.09M
TaxRateForCalcs0.040.090.090.27
NormalizedEBITDA62.81M128.84M74.15M33.32M
TotalUnusualItems-220.63M-1.89M867.00K11.44M
TotalUnusualItemsExcludingGoodwill-220.63M-1.89M867.00K11.44M
NetIncomeFromContinuingOperationNetMinorityInterest-226.14M44.79M18.11M-3.75M
ReconciledDepreciation65.63M67.21M46.88M39.97M
ReconciledCostOfRevenue178.59M303.24M266.61M198.84M
EBITDA-157.81M126.95M75.01M44.76M
EBIT-223.44M59.74M28.14M4.78M
NetInterestIncome-13.85M-13.71M-11.88M-11.07M
InterestExpense12.10M10.48M8.28M8.51M
NormalizedIncome-14.34M46.51M17.31M-12.10M
NetIncomeFromContinuingAndDiscontinuedOperation-226.14M44.79M18.11M-3.75M
TotalExpenses404.71M569.47M331.56M252.12M
TotalOperatingIncomeAsReported-218.16M65.01M30.43M-6.04M
DilutedAverageShares39.50M36.83M33.65M30.61M
BasicAverageShares39.50M33.13M32.04M30.61M
DilutedEPS-5.721.250.55-0.12
BasicEPS-5.721.350.57-0.12
DilutedNIAvailtoComStockholders-226.14M45.99M18.63M-3.75M
AverageDilutionEarnings0.001.20M527.00K0.00
NetIncomeCommonStockholders-226.14M44.79M18.11M-3.75M
OtherunderPreferredStockDividend-35.00K
NetIncome-226.14M44.79M18.11M-3.75M
NetIncomeIncludingNoncontrollingInterests-226.14M44.79M18.11M-3.75M
NetIncomeContinuousOperations-226.14M44.79M18.11M-3.75M
TaxProvision-9.40M4.46M1.76M26.00K
PretaxIncome-235.54M49.26M19.86M-3.73M
OtherIncomeExpense-221.37M-2.44M1.31M11.80M
SpecialIncomeCharges-220.63M-1.89M0.008.41M
GainOnSaleOfPPE50.00K-398.00K
OtherSpecialCharges5.54M1.49M-10.00M
ImpairmentOfCapitalAssets215.14M0.000.001.59M
EarningsFromEquityInterest-746.00K-552.00K443.00K364.00K
GainOnSaleOfSecurity867.00K3.03M
NetNonOperatingInterestIncomeExpense-13.85M-13.71M-11.88M-11.07M
TotalOtherFinanceCost1.75M3.23M3.60M2.56M
InterestExpenseNonOperating12.10M10.48M8.28M8.51M
OperatingIncome-320.00K65.41M30.43M-4.46M
OperatingExpense226.12M266.23M64.95M53.28M
OtherOperatingExpenses17.80M20.44M1.66M-1.52M
DepreciationAmortizationDepletionIncomeStatement65.63M67.21M46.88M39.97M
SellingGeneralAndAdministration142.69M178.58M16.42M14.83M
GeneralAndAdministrativeExpense142.69M178.58M16.42M14.83M
OtherGandA26.53M26.16M16.42M14.83M
SalariesAndWages116.16M152.42M
GrossProfit225.80M331.63M95.38M48.83M
CostOfRevenue178.59M303.24M266.61M198.84M
TotalRevenue404.39M634.88M361.99M247.67M
OperatingRevenue398.98M629.85M355.63M243.90M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber42.62M34.05M33.00M30.79M
ShareIssued42.62M34.05M33.00M30.79M
NetDebt30.16M79.61M65.70M82.12M
TotalDebt57.15M118.98M101.74M107.77M
TangibleBookValue104.28M268.59M215.02M182.24M
InvestedCapital141.68M351.04M283.74M266.90M
WorkingCapital-48.05M-64.78M-101.08M-25.39M
NetTangibleAssets104.28M268.59M215.02M182.24M
CapitalLeaseObligations15.66M12.09M0.00
CommonStockEquity104.28M268.59M215.02M182.24M
TotalCapitalization141.68M351.04M283.74M266.90M
TotalEquityGrossMinorityInterest104.28M268.59M215.02M186.24M
MinorityInterest0.004.00M
StockholdersEquity104.28M268.59M215.02M182.24M
RetainedEarnings-85.44M140.70M95.91M77.80M
AdditionalPaidInCapital189.30M127.55M118.79M104.13M
CapitalStock426.00K341.00K330.00K308.00K
CommonStock426.00K341.00K330.00K308.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest264.83M321.19M415.53M167.75M
TotalNonCurrentLiabilitiesNetMinorityInterest111.93M163.60M175.93M103.12M
OtherNonCurrentLiabilities1.71M1.79M1.26M1.58M
NonCurrentDeferredLiabilities49.12M56.66M88.70M2.85M
NonCurrentDeferredRevenue49.12M47.42M84.10M0.00
NonCurrentDeferredTaxesLiabilities0.009.23M4.61M2.85M
LongTermDebtAndCapitalLeaseObligation46.14M90.61M68.71M84.67M
LongTermCapitalLeaseObligation8.75M8.16M0.00
LongTermDebt37.39M82.45M68.71M84.67M
LongTermProvisions14.96M14.54M17.25M14.03M
CurrentLiabilities152.90M157.59M239.60M64.63M
OtherCurrentLiabilities867.00K
CurrentDeferredLiabilities97.60M66.32M123.60M0.00
CurrentDeferredRevenue97.60M66.32M123.60M0.00
CurrentDebtAndCapitalLeaseObligation11.01M28.37M33.03M23.10M
CurrentCapitalLeaseObligation6.91M3.93M0.00
PensionandOtherPostRetirementBenefitPlansCurrent4.32M3.63M3.44M2.56M
CurrentProvisions1.95M2.15M3.58M100.00K
PayablesAndAccruedExpenses38.02M57.13M75.95M38.00M
CurrentAccruedExpenses9.55M10.51M11.73M7.64M
Payables28.48M46.62M64.22M30.36M
OtherPayable3.52M
TotalTaxPayable4.18M2.99M1.92M2.53M
AccountsPayable24.29M43.64M62.31M27.84M
TotalAssets369.12M589.78M630.55M353.98M
TotalNonCurrentAssets264.26M496.97M492.04M314.74M
OtherNonCurrentAssets45.00K1.54M1.62M1.69M
NonCurrentPrepaidAssets3.91M5.52M5.97M6.68M
InvestmentsAndAdvances2.61M2.81M3.99M3.54M
LongTermEquityInvestment2.61M2.81M3.99M3.54M
InvestmentsinAssociatesatCost2.61M2.81M3.99M3.54M
InvestmentsinSubsidiariesatCost2.81M3.99M3.54M
NetPPE257.70M488.63M480.46M302.82M
AccumulatedDepreciation-347.95M-334.97M-309.37M-268.37M
GrossPPE605.66M823.61M789.83M571.19M
OtherProperties13.03M12.35M
BuildingsAndImprovements429.86M537.13M534.13M
LandAndImprovements70.31M115.49M115.59M
CurrentAssets104.86M92.81M138.52M39.24M
AssetsHeldForSaleCurrent0.001.54M
RestrictedCash4.92M4.28M3.42M3.28M
PrepaidAssets1.48M2.26M4.55M2.11M
Inventory75.79M61.95M78.09M17.71M
OtherInventories36.69M23.07M49.80M7.70M
RawMaterials39.10M38.88M28.30M10.02M
Receivables15.44M19.94M49.46M13.58M
OtherReceivables19.57M
AccountsReceivable15.44M19.94M29.89M13.58M
AllowanceForDoubtfulAccountsReceivable0.00
GrossAccountsReceivable13.58M
CashCashEquivalentsAndShortTermInvestments7.23M2.84M3.01M2.55M
CashAndCashEquivalents7.23M2.84M3.01M2.55M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow12.57M-15.94M149.00K19.92M
RepaymentOfDebt-157.63M-59.71M-78.22M-46.25M
IssuanceOfDebt109.63M77.08M80.70M20.25M
IssuanceOfCapitalStock34.52M7.32M
CapitalExpenditure-53.37M-75.35M-54.02M-28.05M
InterestPaidSupplementalData10.51M9.97M8.12M8.72M
EndCashPosition12.15M7.12M6.43M5.83M
BeginningCashPosition7.12M6.43M5.83M12.07M
ChangesInCash5.03M697.00K597.00K-6.24M
FinancingCashFlow-14.43M16.57M-207.00K-26.69M
CashFlowFromContinuingFinancingActivities-14.43M16.57M-207.00K-26.69M
NetOtherFinancingCharges-950.00K-8.11M-2.68M-692.00K
CashDividendsPaid0.00
NetCommonStockIssuance34.52M7.32M
CommonStockIssuance34.52M7.32M
NetIssuancePaymentsOfDebt-48.00M17.37M2.48M-26.00M
NetLongTermDebtIssuance-48.00M17.37M2.48M-26.00M
LongTermDebtPayments-157.63M-59.71M-78.22M-46.25M
LongTermDebtIssuance109.63M77.08M80.70M20.25M
InvestingCashFlow-46.47M-75.29M-53.37M-27.52M
CashFlowFromContinuingInvestingActivities-46.47M-75.29M-53.37M-27.52M
NetOtherInvestingChanges3.20M
NetInvestmentPurchaseAndSale0.00
SaleOfInvestment0.00
NetBusinessPurchaseAndSale-542.00K0.000.00
PurchaseOfBusiness-542.00K0.000.00
NetPPEPurchaseAndSale4.24M62.00K655.00K525.00K
SaleOfPPE4.24M62.00K655.00K525.00K
CapitalExpenditureReported-53.37M-75.35M-54.02M-28.05M
OperatingCashFlow65.93M59.41M54.17M47.97M
CashFlowFromContinuingOperatingActivities65.93M59.41M54.17M47.97M
ChangeInWorkingCapital80.69M31.53M5.86M21.95M
ChangeInOtherWorkingCapital103.82M34.41M36.20M-362.00K
ChangeInPayablesAndAccruedExpense-14.58M-18.99M24.04M10.84M
ChangeInPayable-14.58M-18.99M24.04M10.84M
ChangeInAccountPayable-14.58M-18.99M24.04M10.84M
ChangeInPrepaidAssets784.00K1.19M-5.94M-5.21M
ChangeInInventory-13.84M4.97M-32.13M15.85M
ChangeInReceivables4.50M9.95M-16.30M830.00K
ChangesInAccountReceivables4.50M9.95M-16.30M830.00K
OtherNonCashItems-68.08M-95.36M-18.28M558.00K
StockBasedCompensation4.45M3.55M1.27M1.00M
UnrealizedGainLossOnInvestmentSecurities0.00
ProvisionandWriteOffofAssets0.00159.00K0.00
AssetImpairmentCharge215.14M0.000.001.59M
DeferredTax-9.23M4.63M1.76M26.00K
DeferredIncomeTax-9.23M4.63M1.76M26.00K
DepreciationAmortizationDepletion65.63M67.21M46.88M39.97M
OperatingGainsLosses3.49M3.07M-1.57M-13.37M
EarningsLossesFromEquityInvestments746.00K552.00K-443.00K-364.00K
GainLossOnInvestmentSecurities625.00K-867.00K-3.32M
NetIncomeFromContinuingOperations-226.14M44.79M18.11M-3.75M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for HNRG
Date User Asset Broker Type Position Size Entry Price Patterns