Company research
HALLADOR ENERGY CO
CIK 788965Updated Sep 26, 2026
SecurityHNRG · NASDAQ · equity
Name history
HALLADOR PETROLEUM CO · through Dec 21, 2009
HNRG price & chart
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NASDAQ:HNRG on TradingView ↗About the company
Hallador Energy Company (Nasdaq: HNRG) is a vertically integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and provides accredited capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at http://www.halladorenergy.com.
In the news
Hallador Selected by Department of Energy for ~$27.2 Million Award Negotiations ↗
Recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Items 1.01, 2.03, 7.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
SCHEDULE 13G/A filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
SCHEDULE 13G filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 408,053,000Source | 369,120,000Source | 589,780,000Source | 630,554,000Source |
| Property, Plant and Equipment, NetUSD | 277,778,000Source | 257,704,000Source | 488,634,000Source | 480,462,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,070,000Source | 7,232,000Source | 2,842,000Source | 3,009,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 13,989,000Source | 15,438,000Source | 19,937,000Source | 29,889,000Source |
| Assets, CurrentUSD | 123,387,000Source | 104,858,000Source | 91,274,000Source | 138,519,000Source |
| Operating Lease, Right-of-Use AssetUSD | 646,000Source | 664,000Source | — | — |
| Other Assets, NoncurrentUSD | 4,241,000Source | 3,951,000Source | 7,061,000Source | 7,585,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 248,220,000Source | 264,835,000Source | 321,192,000Source | 415,530,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | 438,000Source | 426,000Source | 341,000Source | 330,000Source |
| Additional Paid in CapitalUSD | 202,963,000Source | 189,298,000Source | 127,548,000Source | 118,788,000Source |
| Retained Earnings (Accumulated Deficit)USD | -43,568,000Source | -85,439,000Source | 140,699,000Source | 95,906,000Source |
| Stockholders' Equity Attributable to ParentUSD | 159,833,000Source | 104,285,000Source | 268,588,000Source | 215,024,000Source |
| Liabilities and EquityUSD | 408,053,000Source | 369,120,000Source | 589,780,000Source | 630,554,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 152,602,000Source | 152,903,000Source | 157,595,000Source | 239,602,000Source |
| Operating Lease, Liability, CurrentUSD | 112,000Source | 99,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 534,000Source | 565,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 1,833,000Source | — | 9,235,000Source | 4,606,000Source |
| Other Liabilities, NoncurrentUSD | 1,814,000Source | 1,711,000Source | 1,789,000Source | 1,259,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 14,300,000Source | — |
| Deferred Tax Liabilities, NetUSD | 1,833,000Source | — | 9,235,000Source | 4,606,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 29,678,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 4,095,000Source | 24,438,000Source | 33,031,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 29,678,000Source | 37,394,000Source | 63,453,000Source | 49,713,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | 0Source | 0Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 41,871,000Source | -226,138,000Source | 44,793,000Source | 18,105,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 41,222,000Source | 65,626,000Source | 67,211,000Source | 46,875,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,529,000Source | 4,454,000Source | 3,554,000Source | 1,269,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 5,849,000Source | 13,610,000Source | -15,548,000Source | 25,863,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,833,000Source | -9,235,000Source | 4,629,000Source | 1,756,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 81,134,000Source | 65,934,000Source | 59,414,000Source | 54,169,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -66,547,000Source | -46,470,000Source | -75,290,000Source | -53,365,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 69,215,000Source | 53,367,000Source | 75,352,000Source | 54,020,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,554,000Source | 277,000Source | 2,101,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -11,368,000Source | -14,434,000Source | 16,573,000Source | -207,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,219,000Source | 5,030,000Source | 697,000Source | 597,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 15,372,000Source | 12,153,000Source | 7,123,000Source | 6,426,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 6,705,000Source | 10,511,000Source | 9,966,000Source | 8,123,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 8,408,000Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | — | — | 3,600,000Source | 1,300,000Source |
| Amortization of Debt Issuance CostsUSD | 1,993,000Source | 1,747,000Source | 3,233,000Source | 3,601,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,764,000Source | 1,628,000Source | 1,804,000Source | 1,010,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 0Source | — |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | 2,489,000Source | 50,000Source | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | -398,000Source | 264,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -608,000Source | -2,790,000Source | -1,491,000Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -450,000Source | -746,000Source | -552,000Source | 443,000Source |
| Income Tax Expense (Benefit)USD | 1,833,000Source | -9,404,000Source | 4,465,000Source | 1,756,000Source |
| Inventory Write-downUSD | 2,600,000Source | — | — | — |
| Investment Income, InterestUSD | 602,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 41,871,000Source | -226,138,000Source | 44,793,000Source | 18,105,000Source |
| Operating ExpensesUSD | — | — | 65,012,000Source | 30,430,000Source |
| Proceeds from Issuance of Common StockUSD | 13,510,000Source | 34,515,000Source | 7,318,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 469,466,000Source | 404,394,000Source | 634,480,000Source | 361,991,000Source |
| Cost of RevenueUSD | — | — | 473,390,000Source | 266,608,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 26,226,000Source | 26,527,000Source | 26,159,000Source | 16,417,000Source |
| Operating Income (Loss)USD | 61,056,000Source | -218,156,000Source | 65,012,000Source | 30,430,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 43,704,000Source | -235,542,000Source | 49,258,000Source | 19,861,000Source |
| Income Tax Expense (Benefit)USD | 1,833,000Source | -9,404,000Source | 4,465,000Source | 1,756,000Source |
| Net Income (Loss) Attributable to ParentUSD | 41,871,000Source | -226,138,000Source | 44,793,000Source | 18,105,000Source |
| Earnings Per Share, BasicUSD per share | 0.98Source | -5.72Source | 1.35Source | 0.57Source |
| Earnings Per Share, DilutedUSD per share | 0.96Source | -5.72Source | 1.25Source | 0.55Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 42,932,000Source | 39,504,000Source | 33,133,000Source | 32,043,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 43,432,000Source | 39,504,000Source | 36,827,000Source | 33,649,000Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 408,410,000Source | 622,550,000Source | 569,468,000Source | 331,561,000Source |
| Current Income Tax Expense (Benefit)USD | — | -169,000Source | -164,000Source | 0Source |
| Fuel CostsUSD | 63,854,000Source | 49,343,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 43,704,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -450,000Source | -746,000Source | -552,000Source | 443,000Source |
| Interest ExpenseUSD | 16,896,000Source | 13,850,000Source | 13,711,000Source | 11,012,000Source |
| Interest Expense, DebtUSD | — | 9,286,000Source | 8,636,000Source | 7,563,000Source |
| Investment Income, InterestUSD | 602,000Source | — | — | — |
| Labor and Related ExpenseUSD | 110,678,000Source | 116,164,000Source | — | — |
| Operating ExpensesUSD | — | — | 65,012,000Source | 30,430,000Source |
| Other Operating IncomeUSD | 10,074,000Source | 5,419,000Source | 4,627,000Source | 6,363,000Source |
Filing attachments
hnrg-20260915xex99d1.htm · 8-K · 2026-09-17
EX-99.1 2 hnrg-20260915xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Secures Up to $675 Million Debt Financing for Turtle Creek Gas Facilities Expected to Fund the Majority of Turtle Creek’s Sub-$800 Million Estimated Project Cost Company’s $2.4 Billion Contracted Forward Sales Position and Expected Operating Cash Flow Provide Credible Pathway to Fully Fund Turtle Creek TERRE HAUTE, Ind., September 17, 2026 - Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today announce…
Read attachment ↗hnrg-20260810xex99d1.htm · 8-K · 2026-08-10
EX-99.1 2 hnrg-20260810xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Reports Q2 2026 Results; Gas Project Budget Reduced Below $800 Million - Turtle Creek COD Expedited to the Second Half of 2028 - - Contracted Forward Sales Reach $2.4 Billion at the Segment Level - - Management to Host Conference Call Today at 5:00 p.m. ET - TERRE HAUTE, Ind., August 10, 2026 - Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today reported its financial and operating results for the se…
Read attachment ↗hnrg-20260604xex99d1.htm · 8-K · 2026-06-05
EX-99.1 2 hnrg-20260604xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Selected by Department of Energy for ~$27.2 Million Award Negotiations Terre Haute, IN., June 5, 2026 - Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today announced that its subsidiary, Hallador Power Company, LLC (“Hallador Power”), was selected by the U.S. Department of Energy’s (“DOE”) Hydrocarbons and Geothermal Energy Office to begin award negotiations for up to $27.2 million, in potential federal…
Read attachment ↗hnrg-20260530xex99d1.htm · 8-K · 2026-06-02
EX-99.1 3 hnrg-20260530xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Energy Acquires 460 MW of Siemens Turbines for $350 Million, Accelerating Merom Natural Gas Generation Project Targeted to Begin Generating Revenue Between Late 2028 and Mid-2029 Following Siemens Restoration at U.S. Facilities. Hallador to Host Conference Call Tomorrow, June 2, at 8:30 a.m. Eastern Time TERRE HAUTE, Ind., June 1, 2026 - Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today announced th…
Read attachment ↗hnrg-20260506xex99d1.htm · 8-K · 2026-05-06
EX-99.1 2 hnrg-20260506xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Energy Company Signs 12-Year Capacity Agreement for Over $1 Billion; Reports First Quarter 2026 Financial and Operating Results - Q1 Total Revenue of $101.8 Million, with Operating Cash Flow of $20.5 Million - - Q1 Net Loss of $9.3 Million, with Adj. EBITDA of $5.5 Million - - On May 1, Hallador Signed a Capacity Agreement, for years 2028 - 2040, at More Than 2x Historical Capacity Pricing, Expected to Generate Over $1 Bill…
Read attachment ↗hnrg-20260312xex99d1.htm · 8-K · 2026-03-12
EX-99.1 2 hnrg-20260312xex99d1.htm EX-99.1 EXHIBIT 99.1 Hallador Energy Company Reports Fourth Quarter and Full Year 2025 Financial and Operating Results - FY’25 Total Revenue Up 16% YoY to $469.5 Million - - FY’25 Operating Cash Flow Up 23% YoY to $81.1 Million - - FY ‘25 Net Income Increased to $41.9 Million, with Adj. EBITDA up 3x to $56.0 Million - - MISO Accepted ERAS Application for 515MW Gas Generation Expansion - TERRE HAUTE, Ind., March 12, 2026 - Hallador Energy Company (Nas…
Read attachment ↗