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Hallador Energy Company(HNRG)Earnings, Financials & Key Ratios
HNRG•NASDAQ
$15.53
16.2× P/E·Price updated Jul 7, 2026
AboutHallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Haute, Indiana.Show more
- Revenue$469M+16.1%
- EBITDA$102M+167.1%
- Net Income$42M+118.5%
- EPS (Diluted)0.96+116.8%
- Gross Margin18.59%-66.7%
- EBITDA Margin21.79%+157.8%
- Operating Margin13.01%+124.1%
- Net Margin8.92%+115.9%
- ROE31.71%+126.1%
HNRG Price & Volume
Hallador Energy Company (HNRG) stock price & volume — 10-year historical chart
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Operational Volatility Challenges Integrated Energy Transition Strategy
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Regulatory and operational volatility
Key Thesis Takeaways
- Hallador Energy is currently navigating a complex structural transition from legacy coal mining to an integrated power generation model, which has resulted in significant earnings instability and erratic margin performance.
- While the company has successfully reduced its debt-to-equity ratio to 0.03 as of 2026Q1, the persistent reliance on deferred revenue—totaling $162.3 million—and high capital intensity suggest that long-term profitability remains speculative.
- Investors should monitor the company's ability to stabilize cash flows, as the current disconnect between net income and operating cash flow, evidenced by a 2026Q1 OCF/NI ratio of -2.20, poses a material risk to sustained shareholder value.
Verdict Logic
while the company has successfully deleveraged to a 0.03 D/E ratio, the persistent negative net income of $9.3 million in 2026Q1 and high operational complexity warrant a cautious wait-and-see approach.
HNRG Growth Metrics
Hallador Energy Company (HNRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.29%
5 Years13.96%
3 Years9.05%
TTM10.37%
Profit CAGR
10 Years7.6%
5 Years-
3 Years32.24%
TTM110.52%
EPS CAGR
10 Years3.51%
5 Years-
3 Years20.4%
TTM110.59%
Return on Capital
10 Years-0.08%
5 Years-4.18%
3 Years-9.19%
Last Year24.37%
HNRG Recent Earnings
Hallador Energy Company (HNRG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.20-25.0%
$0.16
Rev
$102M-0.5%
$102M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$102M-0.7%
$103M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.55+816.7%
$0.06
Rev
$147M+39.2%
$105M
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.19+226.7%
$0.15
Rev
$103M+6.1%
$97M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.20vs $0.16-25.0% | $102Mvs $102M-0.5% |
| Q2 2026 | Mar 12, 2026 | $0.01vs $0.01+0.0% | $102Mvs $103M-0.7% |
| Q4 2025 | Nov 10, 2025 | $0.55vs $0.06+816.7% | $147Mvs $105M+39.2% |
| Q3 2025 | Aug 11, 2025 | $0.19vs $0.15+226.7% | $103Mvs $97M+6.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Hallador Energy Company (HNRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $15.53 | $731.93M | 16.18 | 16.09% | 8.92% | 31.71% | — | |
| $77.74 | $4.1B | 71.98 | -14.12% | 9.36% | 6.44% | — | |
| $23.85 | $3.07B | 9.86 | -10.37% | 11.35% | 13.52% | — | |
| $22.67 | $2.76B | -52.72 | -8.86% | -3.07% | -3.33% | — | |
| $7.78 | $660.08M | -14.96 | -5.07% | -3.55% | -9.88% | — | |
| $12.16 | $660.37M | -11.81 | -19.46% | -11.52% | -13.44% | — |
Compare HNRG vs Peers
Hallador Energy Company (HNRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HNRG SEC Filings & Documents
Hallador Energy Company (HNRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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HNRG Frequently Asked Questions
Hallador Energy Company (HNRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Hallador Energy Company's revenue?
Hallador Energy Company (HNRG) reported $453.5M in revenue for fiscal year 2025. This represents a 8298% increase from $5.4M in 1996.
How fast is Hallador Energy Company growing?
Hallador Energy Company (HNRG) grew revenue by 16.1% over the past year. This is strong growth.
Is HNRG profitable?
Yes, Hallador Energy Company (HNRG) is profitable, generating $22.6M in net income for fiscal year 2025 (8.9% net margin).
Dividend & Returns
What is HNRG's return on equity?
Hallador Energy Company (HNRG) has a return on equity (ROE) of 31.7%. This is excellent, indicating efficient use of shareholder capital.
What is Hallador Energy Company's free cash flow?
Hallador Energy Company (HNRG) had negative free cash flow of $2.0M in fiscal year 2025, likely due to heavy capital investments.