Symbols / HNRG Stock $18.93 -2.67% Hallador Energy Company

Utilities • Utilities - Independent Power Producers • United States • NCM
HNRG (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Utilities
Industry Utilities - Independent Power Producers
CEO Mr. Brent K. Bilsland
Exch · Country NCM · United States
Market Cap 892.18M
Enterprise Value 886.11M
Income 22.57M
Sales 453.55M
FCF (ttm) 9.87M
Book/sh 4.36
Cash/sh 0.78
Employees 633
Insider 10d —
IPO Apr 06, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 35.72
Forward P/E 17.11
PEG 1.26
P/S 1.97
P/B 4.34
P/C —
EV/EBITDA 11.44
EV/Sales 1.95
Quick Ratio 0.24
Current Ratio 0.80
Debt/Eq 3.02
LT Debt/Eq —
EPS (ttm) 0.53
EPS next Y 1.11
EPS Growth —
Revenue Growth -13.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-05-06
ROA 5.96%
ROE 14.07%
ROIC —
Gross Margin 22.93%
Oper. Margin -5.75%
Profit Margin 4.98%
Shs Outstand 47.13M
Shs Float 36.07M
Insider Own 12.44%
Instit Own 73.33%
Short Float 6.62%
Short Ratio 2.41
Short Interest 2.57M
52W High 24.70
vs 52W High -23.36%
52W Low 14.42
vs 52W Low 31.28%
Beta 0.21
Impl. Vol. 60.74%
Rel Volume 1.13
Avg Volume 963.81K
Volume 1.09M
Target (mean) $30.33
Tgt Median $29.00
Tgt Low $28.00
Tgt High $34.00
# Analysts 3
Recom Strong_buy
Prev Close $19.45
Price $18.93
Change -2.67%
About

Hallador Energy Company, through its subsidiaries, operates as an independent power producer and fuel company in the United States. It operates in two segments, Electric Operations and Coal Operations. The company owns and operates the Meron power plant, a 1,080 megawatts coal-fired power generating station that consists of two steam turbine generators and sells accredited capacity to utilities and other energy market participants. It also sells wholesale energy to utilities, generation and transmission cooperatives, and other energy market participants. In addition, the company operates the Oaktown mining complex, a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois. Hallador Energy Company was founded in 1949 and is based in Terre Haute, Indiana.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$30.33
Mean price target
2. Current target
$18.93
Latest analyst target
3. DCF / Fair value
$3.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.93
Low
$28.00
High
$34.00
Mean
$30.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-26 main Northland Capital Markets Outperform → Outperform $34
2026-03-24 init Jefferies — → Hold $18
2026-03-13 up B. Riley Securities Neutral → Buy $27
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
News
RSS: Latest HNRG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-16 WESLEY CHARLES RAY IV Director — 15,000 $16.69 $250,314
2026-03-31 LOVELL HEATH AARON Chief Operating Officer — 40,864 — —
2025-12-31 HARDIE DAVID C Director — 1,944 $19.29 $37,500
2025-12-30 WESLEY CHARLES RAY IV Director — 2,592 $19.29 $50,000
2025-12-30 GRAY ZARRELL THOMAS Director — 2,592 $19.29 $50,000
2025-12-30 LUBAR DAVID J Director and Beneficial Owner of more than 10% of a Class of Security — 2,851 $19.29 $54,996
2025-12-17 WESLEY CHARLES RAY IV Director — 20,000 $17.83 $356,576
2025-11-21 WESLEY CHARLES RAY IV Director — 13,000 $19.28 $250,665
2025-10-01 HARDIE DAVID C Director — 100,000 $19.76 $1,975,960
2025-09-30 HARDIE DAVID C Director — 173,783 $19.53 $3,402,568
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
469.47
+16.16%
404.16
-36.34%
634.88
+75.39%
361.99
Operating Revenue
459.39
+15.14%
398.98
-36.66%
629.85
+77.11%
355.63
Cost Of Revenue
213.99
+19.82%
178.59
-41.10%
303.24
+13.74%
266.61
Reconciled Cost Of Revenue
213.99
+19.82%
178.59
-41.10%
303.24
+13.74%
266.61
Gross Profit
255.47
+13.26%
225.56
-31.98%
331.63
+247.69%
95.38
Operating Expense
196.91
-12.92%
226.12
-15.06%
266.23
+309.87%
64.95
Selling General And Administration
136.90
-4.06%
142.69
-20.10%
178.58
+987.75%
16.42
General And Administrative Expense
136.90
-4.06%
142.69
-20.10%
178.58
+987.75%
16.42
Salaries And Wages
110.68
-4.72%
116.16
-23.79%
152.42
—
Other Gand A
26.23
-1.13%
26.53
+1.41%
26.16
+59.34%
16.42
Other Operating Expenses
18.78
+5.50%
17.80
-12.90%
20.44
+1130.46%
1.66
Total Expenses
410.90
+1.53%
404.71
-28.93%
569.47
+71.75%
331.56
Operating Income
58.57
+10652.61%
-0.56
-100.85%
65.41
+114.95%
30.43
Total Operating Income As Reported
61.06
+127.96%
-218.39
-435.92%
65.01
+113.64%
30.43
EBITDA
99.83
+163.26%
-157.81
-224.31%
126.95
+69.23%
75.01
Normalized EBITDA
97.95
+55.94%
62.81
-51.25%
128.84
+73.76%
74.15
Reconciled Depreciation
41.22
-37.19%
65.63
-2.36%
67.21
+43.38%
46.88
EBIT
58.61
+126.23%
-223.44
-474.04%
59.74
+112.29%
28.14
Total Unusual Items
1.88
+100.85%
-220.63
-11579.51%
-1.89
-317.88%
0.87
Total Unusual Items Excluding Goodwill
1.88
+100.85%
-220.63
-11579.51%
-1.89
-317.88%
0.87
Special Income Charges
1.88
+100.85%
-220.63
-11579.51%
-1.89
0.00
Other Special Charges
0.61
-89.03%
5.54
+271.56%
1.49
—
Impairment Of Capital Assets
0.00
-100.00%
215.14
0.00
0.00
Net Income
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Pretax Income
43.70
+118.55%
-235.54
-578.18%
49.26
+148.01%
19.86
Net Non Operating Interest Income Expense
-16.29
-19.68%
-13.62
+0.70%
-13.71
-15.42%
-11.88
Interest Expense Non Operating
14.90
+23.13%
12.10
+15.51%
10.48
+26.58%
8.28
Net Interest Income
-16.29
-19.68%
-13.62
+0.70%
-13.71
-15.42%
-11.88
Interest Expense
14.90
+23.13%
12.10
+15.51%
10.48
+26.58%
8.28
Interest Income Non Operating
0.60
+156.17%
0.23
—
—
Interest Income
0.60
+156.17%
0.23
—
—
Other Income Expense
1.43
+100.65%
-221.37
-8968.91%
-2.44
-286.34%
1.31
Gain On Sale Of Security
—
—
—
0.87
Tax Provision
1.83
+119.49%
-9.40
-310.62%
4.46
+154.27%
1.76
Tax Rate For Calcs
0.00
+5.01%
0.00
-55.98%
0.00
+2.52%
0.00
Tax Effect Of Unusual Items
0.08
+100.90%
-8.80
-5041.06%
-0.17
-323.37%
0.08
Net Income Including Noncontrolling Interests
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Net Income From Continuing Operation Net Minority Interest
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Net Income From Continuing And Discontinued Operation
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Net Income Continuous Operations
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Normalized Income
40.07
+379.91%
-14.31
-130.78%
46.51
+168.62%
17.31
Net Income Common Stockholders
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
0.96
+116.78%
-5.72
-557.60%
1.25
+127.27%
0.55
Basic EPS
0.98
+117.13%
-5.72
-523.70%
1.35
+136.84%
0.57
Basic Average Shares
42.93
+8.68%
39.50
+19.23%
33.13
+3.40%
32.04
Diluted Average Shares
43.43
+9.94%
39.50
+7.27%
36.83
+9.44%
33.65
Diluted NI Availto Com Stockholders
41.87
+118.52%
-226.14
-591.67%
45.99
+146.85%
18.63
Average Dilution Earnings
—
0.00
-100.00%
1.20
+127.89%
0.53
Depreciation Amortization Depletion Income Statement
41.22
-37.19%
65.63
-2.36%
67.21
+43.38%
46.88
Earnings From Equity Interest
-0.45
+39.68%
-0.75
-35.14%
-0.55
-224.60%
0.44
Gain On Sale Of PPE
2.49
+4878.00%
0.05
+112.56%
-0.40
—
Total Other Finance Cost
1.99
+14.08%
1.75
-45.96%
3.23
-10.22%
3.60
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
408.05
+10.55%
369.12
-37.41%
589.78
-6.47%
630.55
Current Assets
123.39
+17.67%
104.86
+12.98%
92.81
-33.00%
138.52
Cash Cash Equivalents And Short Term Investments
10.07
+39.24%
7.23
+154.47%
2.84
-5.55%
3.01
Cash And Cash Equivalents
10.07
+39.24%
7.23
+154.47%
2.84
-5.55%
3.01
Receivables
13.99
-9.39%
15.44
-22.57%
19.94
-59.69%
49.46
Accounts Receivable
13.99
-9.39%
15.44
-22.57%
19.94
-33.30%
29.89
Gross Accounts Receivable
—
—
—
—
Allowance For Doubtful Accounts Receivable
—
—
—
—
Other Receivables
—
—
—
19.57
Inventory
88.39
+16.62%
75.79
+22.34%
61.95
-20.67%
78.09
Raw Materials
45.85
+17.26%
39.10
+0.58%
38.88
+37.40%
28.30
Prepaid Assets
5.64
+281.46%
1.48
-34.66%
2.26
-50.24%
4.55
Restricted Cash
5.30
+7.74%
4.92
+14.95%
4.28
+25.29%
3.42
Assets Held For Sale Current
—
0.00
-100.00%
1.54
—
Total Non Current Assets
284.67
+7.72%
264.26
-46.82%
496.97
+1.00%
492.04
Net PPE
277.78
+7.79%
257.70
-47.26%
488.63
+1.70%
480.46
Gross PPE
645.55
+6.59%
605.66
-26.46%
823.61
+4.28%
789.83
Accumulated Depreciation
-367.77
-5.70%
-347.95
-3.88%
-334.97
-8.28%
-309.37
Land And Improvements
69.95
-0.50%
70.31
-39.12%
115.49
-0.09%
115.59
Buildings And Improvements
421.04
+4.57%
402.65
-25.04%
537.13
+0.56%
534.13
Construction In Progress
39.67
+45.81%
27.21
—
—
Other Properties
12.59
-3.40%
13.03
+5.57%
12.35
—
Investments And Advances
2.65
+1.53%
2.61
-7.26%
2.81
-29.51%
3.99
Long Term Equity Investment
2.65
+1.53%
2.61
-7.26%
2.81
-29.51%
3.99
Non Current Prepaid Assets
4.23
+8.40%
3.91
-29.25%
5.52
-7.47%
5.97
Other Non Current Assets
0.01
-84.44%
0.04
-97.08%
1.54
-4.82%
1.62
Total Liabilities Net Minority Interest
248.22
-6.27%
264.83
-17.55%
321.19
-22.70%
415.53
Current Liabilities
152.60
-0.20%
152.90
-2.98%
157.59
-34.23%
239.60
Payables And Accrued Expenses
34.02
-10.77%
38.12
-33.27%
57.13
-24.78%
75.95
Payables
16.49
-3.02%
17.01
-63.52%
46.62
-27.40%
64.22
Accounts Payable
12.59
-1.78%
12.82
-70.62%
43.64
-29.97%
62.31
Other Payable
—
—
—
—
Current Accrued Expenses
17.52
-17.01%
21.12
+101.00%
10.51
-10.43%
11.73
Pensionand Other Post Retirement Benefit Plans Current
5.22
+20.87%
4.32
+19.07%
3.63
+5.49%
3.44
Total Tax Payable
3.90
-6.81%
4.18
+40.11%
2.99
+55.82%
1.92
Current Debt And Capital Lease Obligation
7.41
-32.67%
11.01
-61.20%
28.37
-14.11%
33.03
Current Capital Lease Obligation
7.41
+7.22%
6.91
+75.74%
3.93
0.00
Current Deferred Liabilities
103.34
+5.89%
97.60
+47.17%
66.32
-46.35%
123.60
Current Deferred Revenue
103.34
+5.89%
97.60
+47.17%
66.32
-46.35%
123.60
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
95.62
-14.57%
111.93
-31.58%
163.60
-7.01%
175.93
Long Term Debt And Capital Lease Obligation
31.02
-32.78%
46.14
-49.08%
90.61
+31.87%
68.71
Long Term Debt
29.68
-20.63%
37.39
-54.65%
82.45
+20.00%
68.71
Long Term Capital Lease Obligation
1.34
-84.71%
8.75
+7.26%
8.16
0.00
Long Term Provisions
15.24
+1.90%
14.96
+2.88%
14.54
-15.74%
17.25
Non Current Deferred Liabilities
47.55
-3.20%
49.12
-13.31%
56.66
-36.12%
88.70
Non Current Deferred Revenue
45.71
-6.94%
49.12
+3.58%
47.42
-43.61%
84.10
Non Current Deferred Taxes Liabilities
1.83
0.00
-100.00%
9.23
+100.50%
4.61
Other Non Current Liabilities
1.81
+6.02%
1.71
-4.36%
1.79
+42.10%
1.26
Stockholders Equity
159.83
+53.27%
104.28
-61.17%
268.59
+24.91%
215.02
Common Stock Equity
159.83
+53.27%
104.28
-61.17%
268.59
+24.91%
215.02
Capital Stock
0.44
+2.82%
0.43
+24.93%
0.34
+3.33%
0.33
Common Stock
0.44
+2.82%
0.43
+24.93%
0.34
+3.33%
0.33
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
43.82
+2.81%
42.62
+25.16%
34.05
+3.19%
33.00
Ordinary Shares Number
43.82
+2.81%
42.62
+25.16%
34.05
+3.19%
33.00
Additional Paid In Capital
202.96
+7.22%
189.30
+48.41%
127.55
+7.37%
118.79
Retained Earnings
-43.57
+49.01%
-85.44
-160.72%
140.70
+46.71%
95.91
Minority Interest
—
—
—
0.00
Total Equity Gross Minority Interest
159.83
+53.27%
104.28
-61.17%
268.59
+24.91%
215.02
Total Capitalization
189.51
+33.76%
141.68
-59.64%
351.04
+23.72%
283.74
Working Capital
-29.21
+39.19%
-48.05
+25.83%
-64.78
+35.91%
-101.08
Total Debt
38.43
-32.76%
57.15
-51.97%
118.98
+16.94%
101.74
Net Debt
19.61
-34.99%
30.16
-62.11%
79.61
+21.17%
65.70
Capital Lease Obligations
8.75
-44.14%
15.66
+29.54%
12.09
0.00
Net Tangible Assets
159.83
+53.27%
104.28
-61.17%
268.59
+24.91%
215.02
Tangible Book Value
159.83
+53.27%
104.28
-61.17%
268.59
+24.91%
215.02
Current Provisions
2.61
+40.64%
1.85
-13.81%
2.15
-39.94%
3.58
Investmentsin Associatesat Cost
2.65
+1.53%
2.61
-7.26%
2.81
-29.51%
3.99
Investmentsin Subsidiariesat Cost
—
—
2.81
-29.51%
3.99
Other Inventories
42.53
+15.94%
36.69
+58.98%
23.07
-53.66%
49.80
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
81.13
+23.05%
65.93
+10.97%
59.41
+9.68%
54.17
Cash Flow From Continuing Operating Activities
81.13
+23.05%
65.93
+10.97%
59.41
+9.68%
54.17
Net Income From Continuing Operations
41.87
+118.52%
-226.14
-604.85%
44.79
+147.41%
18.11
Depreciation Amortization Depletion
41.22
-37.19%
65.63
-2.36%
67.21
+43.38%
46.88
Other Non Cash Items
-88.05
-31.59%
-66.92
+29.83%
-95.36
-421.63%
-18.28
Stock Based Compensation
3.53
-20.77%
4.45
+25.32%
3.55
+180.06%
1.27
Provisionand Write Offof Assets
—
—
0.00
-100.00%
0.16
Asset Impairment Charge
0.00
-100.00%
215.14
0.00
0.00
Deferred Tax
1.83
+119.85%
-9.23
-299.50%
4.63
+163.61%
1.76
Deferred Income Tax
1.83
+119.85%
-9.23
-299.50%
4.63
+163.61%
1.76
Operating Gains Losses
-1.43
-141.05%
3.49
+13.70%
3.07
+294.79%
-1.57
Gain Loss On Investment Securities
—
—
0.62
+172.09%
-0.87
Unrealized Gain Loss On Investment Securities
—
—
—
—
Change In Working Capital
82.16
+3.32%
79.52
+152.24%
31.53
+437.89%
5.86
Change In Receivables
1.45
-67.79%
4.50
-54.79%
9.95
+161.04%
-16.30
Changes In Account Receivables
1.45
-67.79%
4.50
-54.79%
9.95
+161.04%
-16.30
Change In Inventory
-12.60
+8.95%
-13.84
-378.63%
4.97
+115.45%
-32.13
Change In Prepaid Assets
1.91
+143.62%
0.78
-33.90%
1.19
+119.96%
-5.94
Change In Payables And Accrued Expense
-2.15
+85.23%
-14.58
+23.23%
-18.99
-179.01%
24.04
Change In Payable
-2.15
+85.23%
-14.58
+23.23%
-18.99
-179.01%
24.04
Change In Account Payable
-2.15
+85.23%
-14.58
+23.23%
-18.99
-179.01%
24.04
Change In Other Working Capital
93.56
-8.86%
102.65
+198.29%
34.41
-4.94%
36.20
Investing Cash Flow
-66.55
-43.20%
-46.47
+38.28%
-75.29
-41.08%
-53.37
Cash Flow From Continuing Investing Activities
-66.55
-43.20%
-46.47
+38.28%
-75.29
-41.08%
-53.37
Net PPE Purchase And Sale
3.16
-25.50%
4.24
+6737.10%
0.06
-90.53%
0.66
Sale Of PPE
3.16
-25.50%
4.24
+6737.10%
0.06
-90.53%
0.66
Capital Expenditure
-69.22
-29.70%
-53.37
+29.18%
-75.35
-39.49%
-54.02
Capital Expenditure Reported
-69.22
-29.70%
-53.37
+29.18%
-75.35
-39.49%
-54.02
Net Investment Purchase And Sale
—
—
—
—
Sale Of Investment
—
—
—
—
Net Business Purchase And Sale
-0.49
+9.59%
-0.54
0.00
—
Purchase Of Business
-0.49
+9.59%
-0.54
0.00
—
Net Other Investing Changes
—
3.20
—
—
Financing Cash Flow
-11.37
+21.24%
-14.43
-187.09%
16.57
+8106.28%
-0.21
Cash Flow From Continuing Financing Activities
-11.37
+21.24%
-14.43
-187.09%
16.57
+8106.28%
-0.21
Net Issuance Payments Of Debt
-20.99
+56.26%
-48.00
-376.35%
17.37
+601.78%
2.48
Issuance Of Debt
92.00
-16.08%
109.63
+42.23%
77.08
-4.48%
80.70
Repayment Of Debt
-112.99
+28.32%
-157.63
-163.98%
-59.71
+23.67%
-78.22
Long Term Debt Issuance
92.00
-16.08%
109.63
+42.23%
77.08
-4.48%
80.70
Long Term Debt Payments
-112.99
+28.32%
-157.63
-163.98%
-59.71
+23.67%
-78.22
Net Long Term Debt Issuance
-20.99
+56.26%
-48.00
-376.35%
17.37
+601.78%
2.48
Net Common Stock Issuance
13.51
-60.86%
34.52
+371.65%
7.32
—
Cash Dividends Paid
—
—
—
—
Net Other Financing Charges
-3.88
-308.84%
-0.95
+88.29%
-8.11
-202.54%
-2.68
Changes In Cash
3.22
-36.00%
5.03
+621.66%
0.70
+16.75%
0.60
Beginning Cash Position
12.15
+70.62%
7.12
+10.85%
6.43
+10.24%
5.83
End Cash Position
15.37
+26.49%
12.15
+70.62%
7.12
+10.85%
6.43
Free Cash Flow
11.92
-5.16%
12.57
+178.85%
-15.94
-10796.64%
0.15
Interest Paid Supplemental Data
6.71
-36.21%
10.51
+5.47%
9.97
+22.69%
8.12
Common Stock Issuance
13.51
-60.86%
34.52
+371.65%
7.32
—
Earnings Losses From Equity Investments
0.45
-39.68%
0.75
+35.14%
0.55
+224.60%
-0.44
Issuance Of Capital Stock
13.51
-60.86%
34.52
+371.65%
7.32
—
SEC Filings

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

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