Hallador Energy Co. (HNRG)
Nasdaq · Electric Services · Transportation, communications and utilities · CIK 788965 · fiscal year ends in Dec
Closing price $11.73 on 29 Oct 2026; 52-week range $10.99 to $23.81.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $452.1M
- Revenue growth
- 6.5%
- Net income, last twelve months
- -$912.0K
- Earnings per share
- $0.02
- Operating margin
- 3.7%
- Net margin
- -0.2%
- Free cash flow
- -$50.5M
- Return on equity
- -0.5%
- Market value
- $553.0M
- Price to earnings
- 586.5x
- Cash
- $29.0M
- Debt
- $42.9M
- Debt to equity
- 0.23
- Shares outstanding
- 47.1M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $469.5M | $61.1M | $41.9M | $0.96 | $11.9M | 10-K filed 12 Mar 2026 |
| FY2024 | 31 Dec 2024 | $404.4M | -$218.2M | -$226.1M | -$5.72 | $12.6M | 10-K filed 17 Mar 2025 |
| FY2023 | 31 Dec 2023 | $634.5M | $65.0M | $44.8M | $1.25 | -$15.9M | 10-K filed 14 Mar 2024 |
| FY2022 | 31 Dec 2022 | $362.0M | $30.4M | $18.1M | $0.55 | $149.0K | 10-K filed 16 Mar 2023 |
| FY2021 | 31 Dec 2021 | $247.7M | -$6.0M | -$3.8M | -$0.12 | $19.9M | 10-K filed 28 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $101.5M | -$15.2M | -$0.32 |
| Q1 FY2026 | 31 Mar 2026 | $101.8M | -$9.3M | -$0.20 |
| Q4 FY2025 | 31 Dec 2025 | $101.9M | -$240.0K | -$0.01 |
| Q3 FY2025 | 30 Sep 2025 | $146.8M | $23.9M | $0.55 |
| Q2 FY2025 | 30 Jun 2025 | $102.9M | $8.2M | $0.19 |
| Q1 FY2025 | 31 Mar 2025 | $117.8M | $10.0M | $0.23 |
| Q4 FY2024 | 31 Dec 2024 | $98.8M | -$215.8M | -$5.44 |
| Q3 FY2024 | 30 Sep 2024 | $105.0M | $1.6M | $0.04 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2024
| Segment | Revenue | Share |
|---|---|---|
| Electric Operations | $261.5M | 65.5% |
| Coal Operations | $137.4M | 34.5% |
Company events
The newest 8-K filings of 169 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 8 Oct 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 17 Sep 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 14 Aug 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 26 Jun 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 11 Jun 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 5 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 3 Jun 2026 | 8-K | Mine safety | 1.04 |
| 2 Jun 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 29 May 2026 | 8-K | Shareholder vote | 5.07 |
| 6 May 2026 | 8-K | Leadership change, Other events | 5.02, 8.01 |
| 6 May 2026 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 411 held.
| Filed | Form | Period |
|---|---|---|
| 8 Oct 2026 | 8-K | 7 Oct 2026 |
| 17 Sep 2026 | 8-K | 15 Sep 2026 |
| 14 Aug 2026 | 8-K | 11 Aug 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 26 Jun 2026 | 8-K | 25 Jun 2026 |
| 11 Jun 2026 | 8-K | 8 Jun 2026 |
| 5 Jun 2026 | 8-K | 4 Jun 2026 |
| 3 Jun 2026 | 8-K | 28 May 2026 |
| 2 Jun 2026 | 8-K | 30 May 2026 |
| 29 May 2026 | 8-K | 27 May 2026 |
| 6 May 2026 | 10-Q | 31 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Jul 2026 | Sugg Barbara Ann, Director | Purchase | 3,700 | $17.13 | $63.4K | 3,700 | 15 Jul 2026 |
| 14 Jul 2026 | Sugg Barbara Ann, Director | Purchase | 1,300 | $17.13 | $22.3K | 5,000 | 15 Jul 2026 |
| 9 Jul 2026 | Hudson Daniel Timothy, Director | Purchase | 2,500 | $16.60 | $41.5K | 17,500 | 10 Jul 2026 |
| 9 Jul 2026 | Hudson Daniel Timothy, Director | Purchase | 2,500 | $16.57 | $41.4K | 20,000 | 10 Jul 2026 |
| 29 Jun 2026 | Hudson Daniel Timothy, Director | Purchase | 5,000 | $16.90 | $84.5K | 10,000 | 30 Jun 2026 |
| 29 Jun 2026 | Hudson Daniel Timothy, Director | Purchase | 5,000 | $16.98 | $84.9K | 15,000 | 30 Jun 2026 |
| 25 Jun 2026 | Hudson Daniel Timothy, Director | Purchase | 2,000 | $17.70 | $35.4K | 5,000 | 25 Jun 2026 |
| 24 Jun 2026 | Hudson Daniel Timothy, Director | Purchase | 3,000 | $17.04 | $51.1K | 3,000 | 25 Jun 2026 |
| 16 Jun 2026 | Wesley Charles Ray Iv, Director | Purchase | 15,000 | $16.69 | $250.3K | 338,469 | 17 Jun 2026 |
| 17 Dec 2025 | Wesley Charles Ray Iv, Director | Purchase | 20,000 | $17.83 | $356.6K | 267,914 | 19 Dec 2025 |
| 21 Nov 2025 | Wesley Charles Ray Iv, Director | Purchase | 13,000 | $19.28 | $250.7K | 247,914 | 21 Nov 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 13 Nov 2025 | HALLADOR ALTERNATIVE ASSETS FUND LLC, AFFILIATE OF DIRECTOR | 415,127 | $8.3M | 12 Nov 2025 |
| 12 Nov 2025 | DAVID HARDIE, DIRECTOR | 21,072 | $421.4K | 12 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 11 Aug 2026 | Mark D. Becker | 13G amended | 3% | 1.4M |
| 28 Jul 2026 | BlackRock, Inc. | 13G | 5.9% | 2.8M |
| 27 Apr 2026 | BlackRock, Inc. | 13G amended | 4.98% | 2.3M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 27 Feb 2026 | Hallador Alternative Assets Fund LLC | 13D amended | 3.67% | 1.6M |
| 21 Jan 2026 | BlackRock, Inc. | 13G | 5.2% | 2.3M |
| 12 Nov 2025 | Aegis Financial Corporation | 13G amended | 4.7% | 2.0M |
| 6 Nov 2025 | Mark D. Becker | 13G | 5.3% | 2.3M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 4.4M | +9.8% | 3.72 |
| 30 Sep 2026 | 4.0M | +3.74% | 5.41 |
| 15 Sep 2026 | 3.9M | +9.83% | 6.56 |
| 31 Aug 2026 | 3.5M | +5.21% | 5.83 |
| 14 Aug 2026 | 3.4M | +5.98% | 3.44 |
| 31 Jul 2026 | 3.2M | -3.03% | 4.33 |
| 15 Jul 2026 | 3.3M | +1.47% | 4.54 |
| 30 Jun 2026 | 3.2M | +21.21% | 3.42 |
Funds that hold it
From each fund's latest Form 13F.
210 funds held it at 30 Jun 2026: 83 added and 53 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Lubar & Co., Inc | 5,452,019 | $94.8M | 0 |
| BlackRock, Inc. | 2,851,856 | $49.6M | +457,110 |
| Point72 Asset Management, L.P. | 2,121,228 | $36.9M | +219,974 |
| Aegis Financial Corp. | 1,812,026 | $31.5M | -2,000 |
| Orbis Allan Gray Ltd | 1,695,845 | $29.5M | -63,966 |
| Vanguard Capital Management LLC | 1,531,550 | $26.6M | +45,721 |
| American Century Companies Inc. | 1,518,138 | $26.4M | +135,011 |
| Dimensional Fund Advisors LP | 1,043,820 | $18.1M | +20,837 |
| Geode Capital Management, LLC | 980,431 | $17.1M | -10,309 |
| Highland Peak Capital, LLC | 947,219 | $16.5M | +947,219 |
Peers
Companies in the same industry.
- NextEra Energy Inc. (NEE): revenue $28.8B, market value $172.2B
- Southern Co. (SO): revenue $30.2B, market value $107.0B
- Constellation Energy Corp. (CEG): revenue $31.3B, market value $93.9B
- American Electric Power Co. Inc. (AEP): revenue $23.6B, market value $70.4B
- Dominion Energy, Inc. (D): revenue $18.1B, market value $57.3B
- Entergy Corp. (ETR): revenue $13.5B, market value $51.3B
- Vistra Corp. (VST): revenue $19.2B, market value $47.3B
- DTE Energy Co. (DTE): revenue $16.5B, market value $28.0B
- Centerpoint Energy Inc. (CNP): revenue $9.8B, market value $28.0B
- Firstenergy Corp. (FE): revenue $16.2B, market value $27.1B