HNRG · Hallador Energy Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.81M | - | $146.85M | $102.89M | $117.79M | - | $105.04M | $90.91M | $109.67M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | $85.08M | - |
| Gross Profit | - | - | - | - | - | - | - | - | $24.59M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.86M | - | $4.77M | $7.50M | $6.83M | - | $6.47M | $7.80M | $5.94M | - |
| Total Operating Expenses | $107.46M | - | $117.79M | $91.02M | $103.85M | - | $100.33M | $98.20M | $2.73M | - |
| D&A | $10.61M | - | $9.14M | $5.54M | $14.98M | - | $13.84M | $13.65M | $15.44M | - |
| Operating Income | ($5.65M) | - | $29.06M | $11.87M | $13.94M | - | $4.71M | ($7.29M) | $2.73M | - |
| Interest Expense | $3.97M | - | $4.93M | $3.82M | $3.72M | - | $2.69M | $3.73M | $3.94M | - |
| Income Tax | ($504.0K) | - | - | - | - | - | $232.0K | ($3.01M) | ($610.0K) | - |
| Net Income | ($9.32M) | - | $23.88M | $8.25M | $9.98M | - | $1.55M | ($10.20M) | ($1.70M) | - |
| EPS - Basic | ($0.20) | - | $0.56 | $0.19 | $0.23 | - | $0.04 | ($0.27) | ($0.05) | - |
| EPS - Diluted | ($0.20) | - | $0.55 | $0.19 | $0.23 | - | $0.04 | ($0.27) | ($0.05) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.78M | $10.07M | $12.66M | $9.23M | $6.89M | $7.23M | $3.83M | $6.45M | $1.64M | $2.84M |
| Accounts Receivable | $9.15M | $13.99M | $24.76M | $18.74M | $12.58M | $15.44M | $11.91M | $19.10M | $14.23M | $19.94M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $12.59M | - | - | - | - | - | - | - | - | - |
| Current Assets | $151.10M | $123.39M | $136.55M | $139.87M | $107.05M | $104.86M | $99.80M | $103.91M | $93.26M | $91.27M |
| Total Assets | $448.63M | $408.05M | $409.46M | $409.51M | $366.10M | $369.12M | $579.73M | $595.17M | $585.42M | $589.78M |
| Current Liabilities | $190.05M | $152.60M | $207.35M | $209.25M | $177.05M | $152.90M | $171.60M | $195.54M | $164.43M | $157.59M |
| Long-term Debt | - | $29.68M | $42.70M | $26.00M | $4.00M | $37.39M | $42.92M | $24.73M | $49.34M | $63.45M |
| Total Liabilities | $243.06M | $248.22M | $263.27M | $287.36M | $250.75M | $264.83M | $260.93M | $279.00M | $301.56M | $321.19M |
| Stockholders' Equity | $205.57M | $159.83M | $146.19M | $122.15M | $115.35M | $104.28M | $318.80M | $254.88M | $283.86M | $268.59M |
| Retained Earnings | ($52.89M) | ($43.57M) | ($43.33M) | ($67.21M) | ($75.46M) | ($85.44M) | $130.35M | $128.80M | $139.00M | $140.70M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.50M | - | - | - | $38.42M | - | - | - | $16.37M | - |
| Investing Cash Flow | ($7.48M) | - | - | - | ($11.67M) | - | - | - | ($14.85M) | - |
| Financing Cash Flow | $14.97M | - | - | - | ($22.69M) | - | - | - | ($2.27M) | - |
| CapEx | $7.68M | - | - | - | $11.69M | - | - | - | $14.87M | - |
| Free Cash Flow | $12.81M | - | - | - | $26.73M | - | - | - | $1.50M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | 22.4% | - |
| Operating margin | -5.6% | - | 19.8% | 11.5% | 11.8% | - | 4.5% | -8.0% | 2.5% | - |
| EBITDA margin | 4.9% | - | 26.0% | 16.9% | 24.5% | - | 17.7% | 7.0% | 16.6% | - |
| Net margin | -9.2% | - | 16.3% | 8.0% | 8.5% | - | 1.5% | -11.2% | -1.5% | - |
| Free cash flow margin | 12.6% | - | - | - | 22.7% | - | - | - | 1.4% | - |
| FCF / Net income | -1.37 | - | - | - | 2.68 | - | - | - | -0.88 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 6.7% | - | 3.2% | 7.3% | 5.8% | - | 6.2% | 8.6% | 5.4% | - |
| Effective tax rate | - | - | - | - | - | - | 13.0% | - | - | - |
| Return on assets | -2.1% | - | 5.8% | 2.0% | 2.7% | - | 0.3% | -1.7% | -0.3% | - |
| Return on equity | -4.5% | - | 16.3% | 6.8% | 8.7% | - | 0.5% | -4.0% | -0.6% | - |
| Return on invested capital | - | - | - | - | - | - | 1.1% | -2.1% | 0.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.80 | 0.81 | 0.66 | 0.67 | 0.60 | 0.69 | 0.58 | 0.53 | 0.57 | 0.58 |
| Quick ratio | 0.80 | 0.81 | 0.66 | 0.67 | 0.60 | 0.69 | 0.58 | 0.53 | 0.57 | 0.58 |
| Cash ratio | 0.19 | 0.07 | 0.06 | 0.04 | 0.04 | 0.05 | 0.02 | 0.03 | 0.01 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.19 | 0.29 | 0.21 | 0.03 | 0.36 | 0.13 | 0.10 | 0.17 | 0.24 |
| Debt / Assets | - | 0.07 | 0.10 | 0.06 | 0.01 | 0.10 | 0.07 | 0.04 | 0.08 | 0.11 |
| Debt / EBITDA | - | - | 1.12 | 1.49 | 0.14 | - | 2.31 | 3.89 | 2.71 | - |
| Interest coverage | -1.4x | - | 5.9x | 3.1x | 3.7x | - | 1.8x | -2.0x | 0.7x | - |
| Equity multiplier | 2.18 | 2.55 | 2.80 | 3.35 | 3.17 | 3.54 | 1.82 | 2.34 | 2.06 | 2.20 |
| Liabilities / Assets | 0.54 | 0.61 | 0.64 | 0.70 | 0.68 | 0.72 | 0.45 | 0.47 | 0.52 | 0.54 |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.36 | 0.25 | 0.32 | - | 0.18 | 0.15 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 33d | - | 62d | 66d | 39d | - | 41d | 77d | 47d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 35.6x | 83.3x | 53.4x | - | 235.8x | - | - | - |
| P / B | 3.7x | - | 5.8x | 5.6x | 4.6x | - | 1.3x | 1.2x | 0.7x | - |
| P / S | 7.4x | - | 5.8x | 6.6x | 4.5x | - | 3.9x | 3.2x | 1.7x | - |
| EV / EBITDA | 145.4x | - | 23.0x | 40.1x | 18.4x | - | 24.0x | 49.1x | 12.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -13.6% | - | 39.8% | 13.2% | 7.4% | - | -36.6% | -43.6% | -41.8% | - |
| Revenue CAGR (3y) | -18.5% | - | 20.0% | 16.0% | 26.0% | - | 9.6% | 17.8% | 20.6% | - |
| Revenue CAGR (5y) | 10.3% | - | 12.1% | 14.6% | 13.5% | - | 4.8% | 9.7% | 4.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | -55.1% | - |
| Operating income growth (YoY) | - | - | 516.7% | - | 410.0% | - | -80.2% | - | -90.7% | - |
| Net income growth (YoY) | - | - | 1436.9% | - | - | - | -3.6% | - | - | - |
| EPS growth (YoY) | - | - | 1275.0% | - | - | - | -90.9% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -52.1% | - | - | - | 1687.7% | - | - | - | -88.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 78.2% | 53.3% | -54.1% | -52.1% | -59.4% | -61.2% | 17.3% | 0.0% | 19.7% | 24.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$158.99M totalElectric Operations$110.01M · 69.2%
Coal Operations$48.98M · 30.8%
Product / service
$770.13M totalElectric Sales$310.74M · 40.3%
Delivered Energy$252.64M · 32.8%
Coal Sales$148.66M · 19.3%
Accredited Energy Capacity$58.09M · 7.5%
Geographic
$148.66M totalIN$83.35M · 56.1%
Florida North Carolina And Georgia$65.30M · 43.9%
Peer comparison
Same SIC group: Electric Services
Comparing HALLADOR ENERGY CO against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Jan 30, 2020 | $0.0400 |
| Oct 30, 2019 | $0.0400 |
| Jul 30, 2019 | $0.0400 |
| Apr 29, 2019 | $0.0400 |
| Jan 30, 2019 | $0.0400 |
| Oct 30, 2018 | $0.0400 |
| Jul 30, 2018 | $0.0400 |
| Apr 27, 2018 | $0.0400 |
| Jan 30, 2018 | $0.0400 |
| Oct 30, 2017 | $0.0400 |
| Jul 27, 2017 | $0.0400 |
| Apr 26, 2017 | $0.0400 |
| Jan 27, 2017 | $0.0400 |
| Oct 27, 2016 | $0.0400 |
| Jul 27, 2016 | $0.0400 |
| Apr 27, 2016 | $0.0400 |
| Jan 27, 2016 | $0.0400 |
| Oct 28, 2015 | $0.0400 |
| Jul 29, 2015 | $0.0400 |
| Apr 28, 2015 | $0.0400 |
| Jan 28, 2015 | $0.0400 |
| Oct 29, 2014 | $0.0400 |
| Jul 29, 2014 | $0.0400 |
| Apr 28, 2014 | $0.0400 |