Hallador Energy Company HNRG R2K

Energy · Thermal Coal · United States

https://www.halladorenergy.com

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.

Market & Price

Market Cap

$907.73M

Current Price

$19.26

High / Low (52W)

$23.81 / $14.65

Beta

0.15

Valuation

Stock P/E

36.34

Industry PE

18.25

Forward P/E

16.08

PEG Ratio

1.26

Book Value

$4.36

Price to Book

4.42

P/S

2.00

EV/EBITDA

11.32

Dividend Yield

Profitability & Returns

ROCE

22.94%

ROE

14.07%

ROA

5.96%

Profit Margin

4.98%

Op Margin

-5.75%

EPS (Latest Qtr)

$-0.20

EPS (TTM)

$0.53

Balance Sheet & Liquidity

Debt/Equity

3.02

Quick Ratio

0.24

Current Ratio

0.80

Debt

$6.21M

Total Assets

$408.05M

Current Assets

$123.39M

Working Capital

$-29.21M

Ownership

Promoter Holding

12.44%

Chg in Prom Hold

FII / Inst Holding

73.28%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$877.16M

Total Revenue (TTM)

$453.55M

EBITDA

$77.46M

Free Cash Flow

$9.87M

Operating Cash Flow

$63.21M

Shares Outstanding

47.13M

Gross Margin

22.93%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

9.05%

Profit 5Y

32.24%

Revenue (YoY)

-13.50%

Earnings (YoY)

PROS

Healthy ROCE of 22.9%.
Profit CAGR of 32.2% over 5 years.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HNRG Hallador Energy Company R2K	19.26	36.34	$907.73M	-	22.94%	14.07%	9.05%	32.24%
2	XOM Exxon Mobil Corporation SPX	145.26	24.45	$602.10B	2.84%	11.12%	9.87%	-6.69%	-19.72%
3	CVX Chevron Corporation SPX	182.46	31.73	$363.39B	3.90%	7.21%	6.64%	-7.85%	-29.74%
4	COP ConocoPhillips SPX	113.98	19.32	$138.86B	2.95%	12.63%	11.28%	-9.11%	-24.66%
5	WMB The Williams Companies, Inc. SPX	71.39	31.31	$87.31B	2.94%	9.66%	19.66%	2.91%	8.51%
6	SLB SLB N.V. SPX	54.55	24.03	$81.56B	2.16%	12.08%	14.07%	8.33%	-0.65%
7	VLO Valero Energy Corporation SPX	244.82	17.88	$72.70B	1.96%	8.12%	15.85%	-11.40%	-41.16%
8	MPC Marathon Petroleum Corporation SPX	248.77	16.37	$72.63B	1.57%	13.11%	27.46%	-9.23%	-34.67%
9	EOG EOG Resources, Inc. SPX	133.38	13.13	$71.04B	3.06%	14.00%	18.20%	-8.51%	-13.74%

Quarterly Results

Figures in USD.

Metric	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	73.90M	-	66.86M	57.24M	79.72M	89.31M	71.11M	82.88M	61.93M	50.47M	64.75M	45.88M	54.60M	79.04M	57.01M	64.16M	83.56M	-	-	-	-	-	-	-	117.72M	102.89M	146.85M	101.94M	101.81M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.44M	46.19M	73.61M	43.76M	58.98M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67.28M	56.70M	73.24M	58.19M	42.83M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53.43M	44.88M	46.51M	52.08M	48.68M
Operating Income	15.21M	16.46M	12.63M	10.99M	3.55M	13.50M	10.73M	7.69M	7.97M	11.15M	4.07M	7.16M	3.92M	-	-	-	-	-	-	-177.00K	1.24M	3.91M	-863.00K	-448.00K	-1.35M	-8.68M	-816.00K	5.39M	29.23M	22.24M	23.80M	2.73M	-7.29M	-	-	13.85M	11.81M	26.73M	6.11M	-5.85M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.18M	17.09M	37.37M	17.19M	4.56M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.23M	3.29M	4.35M	4.03M	3.70M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.98M	8.25M	23.88M	1.59M	-9.82M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1.83M	-504.00K
Net Income	9.39M	7.59M	6.85M	5.14M	544.00K	6.16M	5.85M	4.32M	-3.83M	7.41M	389.00K	3.92M	21.36M	2.13M	-23.00K	2.91M	7.00M	-3.34M	-3.72M	-3.66M	254.00K	1.92M	-1.03M	-2.96M	7.99M	-10.13M	-3.39M	1.61M	22.05M	16.91M	16.07M	-1.70M	-10.20M	-	-	9.98M	8.25M	23.88M	-240.00K	-9.32M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.33	-0.11	0.05	0.61	0.47	0.44	-0.05	-0.27	0.04	-	0.23	0.19	0.55	-	-0.20

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	293.56M	317.44M	242.08M	-	361.99M	634.88M	404.16M	469.47M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	266.61M	303.24M	178.59M	213.99M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	95.38M	331.63M	225.56M	255.47M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	64.95M	266.23M	226.12M	196.91M
Operating Income	-	-	-	-	-	-	-	-	-	-	3.10M	-	30.43M	65.41M	-555.00K	58.57M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	75.01M	126.95M	-157.81M	99.83M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	8.28M	10.48M	12.10M	14.90M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	19.86M	49.26M	-235.54M	43.70M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	1.76M	4.46M	-9.40M	1.83M
Net Income	22.38M	35.81M	23.81M	22.42M	10.22M	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-	18.11M	44.79M	-226.14M	41.87M
Diluted EPS	0.78	1.25	0.83	0.78	0.34	-	-	-	-	-	-	-	0.55	1.25	-5.72	0.96

Compounded Sales Growth

5 Years:	9.05%
1 Year:	-13.50%

Compounded Profit Growth

5 Years:	32.24%
1 Year:	-

Stock Price Performance

1 Year:	+11.65%
6 Months:	-1.98%
3 Months:	+5.94%
1 Month:	+27.04%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	186.66M	232.43M	229.21M	259.20M	579.59M	540.38M	531.32M	518.19M	515.50M	425.63M	384.13M	-	630.55M	589.78M	369.12M	408.05M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	138.52M	92.81M	104.86M	123.39M
Cash & Equivalents	15.23M	10.28M	37.54M	21.89M	16.23M	13.47M	15.93M	9.79M	12.48M	15.50M	8.80M	8.04M	-	3.01M	2.84M	7.23M	10.07M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	78.09M	61.95M	75.79M	88.39M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	29.89M	19.94M	15.44M	13.99M
Total Liabilities	-	59.93M	71.44M	67.20M	77.08M	389.71M	333.56M	314.43M	268.87M	256.62M	230.10M	194.87M	-	415.53M	321.19M	264.83M	248.22M
Current Liabilities	-	19.50M	33.10M	11.05M	10.36M	49.98M	51.04M	48.71M	54.29M	51.81M	64.84M	71.21M	-	239.60M	157.59M	152.90M	152.60M
Long Term Debt	-	-	-	-	-	-	223.22M	207.99M	166.99M	160.90M	140.59M	97.31M	-	68.71M	82.45M	37.39M	29.68M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	101.74M	118.98M	57.15M	38.43M
Total Equity	108.63M	126.73M	160.99M	162.01M	182.12M	189.88M	206.82M	216.89M	249.32M	254.87M	191.53M	185.26M	-	215.02M	268.59M	104.28M	159.83M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	33.00M	34.05M	42.62M	43.82M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	45.55M	60.72M	37.04M	27.18M	55.87M	94.66M	60.92M	65.77M	51.57M	38.24M	52.58M	-	54.17M	59.41M	65.93M	81.13M
Investing Cash Flow	-37.04M	-21.19M	-20.35M	-33.97M	-337.29M	-30.53M	-49.32M	-22.30M	-26.01M	-30.20M	-18.19M	-	-53.37M	-75.29M	-46.47M	-66.55M
Financing Cash Flow	-13.45M	-12.26M	-32.34M	1.12M	278.66M	-61.67M	-17.74M	-39.79M	-21.76M	-14.83M	-35.63M	-	-207.00K	16.57M	-14.43M	-11.37M
Capital Expenditure	-34.71M	-32.99M	-	-	-	-	-	-	-	-35.53M	-20.69M	-	-54.02M	-75.35M	-53.37M	-69.22M
Free Cash Flow	10.83M	27.73M	-	-	-	-	-	-	-	2.71M	31.89M	-	149.00K	-15.94M	12.57M	11.92M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	597.00K	697.00K	5.03M	3.22M

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	26.3%	52.2%	55.8%	54.4%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	1.3%	-	8.4%	10.3%	-0.1%	12.5%
Net Margin %	-	-	-	-	-	-	-	-	2.6%	-18.9%	-2.6%	-	5.0%	7.1%	-56.0%	8.9%
ROE %	17.7%	22.2%	14.7%	12.3%	5.4%	9.7%	5.8%	13.3%	3.0%	-31.3%	-3.4%	-	8.4%	16.7%	-216.8%	26.2%
ROCE %	-	-	-	-	-	-	-	-	-	-	1.0%	-	7.8%	15.1%	-0.3%	22.9%

Shareholding Pattern

Insiders

12.44%

Institutions

73.28%

Public Float

83.69%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Lubar & Co., Inc	11.57%	5.45M	$105.01M
2	Blackrock Inc.	5.08%	2.39M	$46.12M
3	Point72 Asset Management, L.P.	4.03%	1.90M	$36.62M
4	Aegis Financial Corporation	3.85%	1.81M	$34.94M
5	Orbis Allan Gray Ltd	3.73%	1.76M	$33.89M
6	Vanguard Capital Management LLC	3.15%	1.49M	$28.62M
7	American Century Companies Inc	2.93%	1.38M	$26.64M
8	Dimensional Fund Advisors LP	2.17%	1.02M	$19.70M
9	Geode Capital Management, LLC	2.10%	990.74K	$19.08M
10	Apis Capital Advisors, LLC	1.78%	839.00K	$16.16M

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HNRG · Energy