NASDAQ : HNRG
Hallador Energy Company — Financial statements
Energy · Thermal Coal · United States
Last price 11.73 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 552.99M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Hallador Energy Company (HNRG) reported revenue of 454.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 448.11M | 459.39M | 398.98M | 629.85M | 355.63M | 243.90M |
| Other Revenue | 6.80M | 10.07M | 5.18M | 5.03M | 6.36M | 3.76M |
| Revenue | 454.91M | 469.47M | 404.16M | 634.88M | 361.99M | 247.67M |
| Fuel & Purchased Power | 99.37M | 84.75M | 60.23M | 103.39M | ||
| Operations & Maintenance | 140.19M | 129.25M | 118.36M | 199.85M | ||
| Selling, General & Admin | 26.31M | 26.23M | 26.53M | 26.16M | 16.42M | 14.83M |
| Depreciation & Amortization | 41.21M | 41.22M | 65.63M | 67.21M | 46.88M | 39.97M |
| Other Operating Expenses | 132.89M | 129.24M | 131.81M | 171.95M | 267.62M | 196.83M |
| Total Operating Expenses | 440.44M | 410.90M | 402.81M | 569.47M | 331.56M | 252.12M |
| Operating Income | 14.47M | 58.57M | 1.34M | 65.41M | 30.43M | -4.46M |
| Interest Expense | -17.10M | -16.90M | -13.85M | -13.71M | -11.01M | -8.05M |
| Interest Income | 901.00K | 602.00K | 235.00K | |||
| Net Interest Expense | -16.20M | -16.29M | -13.62M | -13.71M | -11.01M | -8.05M |
| Income (Loss) on Equity Investments | -776.00K | -450.00K | -746.00K | -552.00K | 443.00K | 364.00K |
| EBT Excluding Unusual Items | -2.51M | 41.82M | -13.02M | 51.15M | 19.86M | -12.14M |
| Restructuring Charges | -1.90M | |||||
| Gain (Loss) on Sale of Assets | 2.60M | 2.49M | 50.00K | -398.00K | ||
| Asset Writedown | -215.14M | -1.59M | ||||
| Legal Settlements | -2.75M | |||||
| Other Unusual Items | -838.00K | -608.00K | -2.79M | -1.49M | 10.00M | |
| Pretax Income | -747.00K | 43.70M | -235.54M | 49.26M | 19.86M | -3.73M |
| Income Tax Expense | 165.00K | 1.83M | -9.40M | 4.46M | 1.76M | 26.00K |
| Net Income | -912.00K | 41.87M | -226.14M | 44.79M | 18.11M | -3.75M |
| Net Income to Common | -912.00K | 41.87M | -226.14M | 44.79M | 18.11M | -3.75M |
| Shares Outstanding (Basic) | 44.95M | 42.93M | 39.50M | 33.13M | 32.04M | 30.61M |
| Shares Outstanding (Diluted) | 44.95M | 43.43M | 39.50M | 36.83M | 33.65M | 30.61M |
| EPS (Basic) | -0.02 | 0.98 | -5.72 | 1.35 | 0.57 | -0.12 |
| EPS (Diluted) | -0.02 | 0.96 | -5.72 | 1.25 | 0.55 | -0.12 |
| Free Cash Flow | -50.46M | 11.92M | 12.57M | -15.94M | 149.00K | 19.92M |
| Free Cash Flow Per Share | -1.12 | 0.27 | 0.32 | -0.43 | 0.00 | 0.65 |
| Profit Margin | -0.20% | 8.92% | -55.95% | 7.05% | 5.00% | -1.52% |
| Free Cash Flow Margin | -11.09% | 2.54% | 3.11% | -2.51% | 0.04% | 8.04% |
| EBITDA | 57.41M | 101.55M | 68.60M | 134.43M | 78.31M | 37.02M |
| EBITDA Margin | 12.62% | 21.63% | 16.97% | 21.17% | 21.63% | 14.95% |
| D&A For EBITDA | 42.94M | 42.99M | 67.25M | 69.02M | 47.88M | 41.48M |
| EBIT | 14.47M | 58.57M | 1.34M | 65.41M | 30.43M | -4.46M |
| EBIT Margin | 3.18% | 12.47% | 0.33% | 10.30% | 8.41% | -1.80% |
| Effective Tax Rate | 4.19% | 9.06% | 8.84% | |||
| Revenue as Reported | 454.91M | 469.47M | 404.16M | 634.88M | 361.99M | 247.67M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.98M | 10.07M | 7.23M | 2.84M | 3.01M | 2.55M |
| Accounts Receivable | 14.40M | 13.99M | 15.44M | 19.94M | 29.89M | 13.58M |
| Inventory | 99.17M | 88.39M | 75.79M | 61.95M | 78.09M | 17.71M |
| Prepaid Expenses | 1.51M | 5.64M | 1.48M | 2.26M | 4.55M | 2.11M |
| Restricted Cash | 5.95M | 5.30M | 4.92M | 4.28M | 3.42M | 3.28M |
| Other Current Assets | 1.54M | 19.57M | ||||
| Total Current Assets | 150.00M | 123.39M | 104.86M | 92.81M | 138.52M | 39.24M |
| Property, Plant & Equipment | 308.06M | 277.78M | 257.70M | 488.63M | 480.46M | 302.82M |
| Long-Term Investments | 2.28M | 2.65M | 2.61M | 2.81M | 3.99M | 3.54M |
| Other Long-Term Assets | 7.71M | 4.24M | 3.95M | 5.52M | 7.58M | 8.37M |
| Total Assets | 468.04M | 408.05M | 369.12M | 589.78M | 630.55M | 353.98M |
| Accounts Payable | 31.63M | 12.59M | 12.82M | 43.64M | 62.31M | 27.84M |
| Accrued Expenses | 27.83M | 24.41M | 24.93M | 15.49M | 13.54M | 9.30M |
| Current Portion of Long-Term Debt | 3.75M | 4.09M | 24.44M | 33.03M | 23.96M | |
| Current Unearned Revenue | 136.46M | 103.34M | 97.60M | 66.32M | 123.60M | |
| Current Portion of Leases | 4.47M | 7.52M | 7.01M | 3.99M | 173.00K | |
| Other Current Liabilities | 4.56M | 4.73M | 6.44M | 3.72M | 6.95M | 3.52M |
| Total Current Liabilities | 208.69M | 152.60M | 152.90M | 157.59M | 239.60M | 64.63M |
| Long-Term Debt | 39.18M | 29.68M | 37.39M | 82.45M | 68.71M | 84.67M |
| Long-Term Leases | 310.00K | 1.87M | 9.31M | 8.81M | 57.00K | |
| Long-Term Unearned Revenue | 10.00M | 45.71M | 49.12M | 47.42M | 84.10M | |
| Long-Term Deferred Tax Liabilities | 165.00K | 1.83M | 9.23M | 4.61M | 2.85M | |
| Other Long-Term Liabilities | 19.36M | 16.52M | 16.10M | 15.67M | 18.46M | 15.60M |
| Total Liabilities | 277.71M | 248.22M | 264.83M | 321.19M | 415.53M | 167.75M |
| Common Stock | 471.00K | 438.00K | 426.00K | 341.00K | 330.00K | 308.00K |
| Additional Paid-In Capital | 257.99M | 202.96M | 189.30M | 127.55M | 118.79M | 104.13M |
| Retained Earnings | -68.12M | -43.57M | -85.44M | 140.70M | 95.91M | 77.80M |
| Total Common Equity | 190.33M | 159.83M | 104.28M | 268.59M | 215.02M | 182.24M |
| Minority Interest | 4.00M | |||||
| Shareholders' Equity | 190.33M | 159.83M | 104.28M | 268.59M | 215.02M | 186.24M |
| Total Liabilities & Equity | 468.04M | 408.05M | 369.12M | 589.78M | 630.55M | 353.98M |
| Total Debt | 47.71M | 39.07M | 57.81M | 119.69M | 101.97M | 108.63M |
| Net Cash (Debt) | -18.73M | -29.00M | -50.58M | -116.85M | -98.97M | -106.09M |
| Net Cash Per Share | -0.42 | -0.67 | -1.28 | -3.17 | -2.94 | -3.47 |
| Filing Date Shares Outstanding | 47.14M | 47.02M | 42.62M | 34.89M | 32.98M | 30.79M |
| Total Common Shares Outstanding | 47.14M | 43.82M | 42.62M | 34.05M | 32.98M | 30.79M |
| Working Capital | -58.69M | -29.21M | -48.05M | -64.78M | -101.08M | -25.39M |
| Book Value Per Share | 4.04 | 3.65 | 2.45 | 7.89 | 6.52 | 5.92 |
| Tangible Book Value | 190.33M | 159.83M | 104.28M | 268.59M | 215.02M | 182.24M |
| Tangible Book Value Per Share | 4.04 | 3.65 | 2.45 | 7.89 | 6.52 | 5.92 |
| Land | 69.95M | 69.95M | 70.31M | 115.49M | 115.59M | 115.84M |
| Buildings | 447.07M | 421.04M | 402.65M | 537.13M | 534.13M | 342.78M |
| Construction In Progress | 57.95M | 39.67M | 27.21M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -912.00K | 41.87M | -226.14M | 44.79M | 18.11M | -3.75M |
| Depreciation & Amortization | 43.26M | 42.99M | 67.25M | 69.02M | 47.88M | 41.48M |
| Other Amortization | 1.77M | 1.99M | 1.75M | 3.23M | 3.60M | 2.56M |
| Loss (Gain) on Sale of Assets | -2.60M | -2.49M | -50.00K | 398.00K | -264.00K | 317.00K |
| Loss (Gain) on Sale of Investments | -867.00K | -3.03M | ||||
| Loss (Gain) on Equity Investments | 776.00K | 450.00K | 746.00K | 1.18M | -443.00K | -364.00K |
| Asset Writedown | 215.14M | 1.59M | ||||
| Stock-Based Compensation | 4.71M | 3.72M | 4.60M | 3.55M | 1.27M | 1.00M |
| Change in Accounts Receivable | 4.35M | 1.45M | 4.50M | 9.95M | -16.30M | 830.00K |
| Change in Inventory | -12.84M | -12.60M | -13.84M | 4.97M | -32.13M | 15.85M |
| Change in Accounts Payable | 3.31M | -2.15M | -14.58M | -18.99M | 24.04M | 10.84M |
| Change in Unearned Revenue | 77.60M | 93.61M | 102.01M | 33.80M | 35.48M | |
| Change in Other Net Operating Assets | 399.00K | 1.85M | 1.43M | 1.80M | -5.22M | -5.58M |
| Other Operating Activities | -91.86M | -89.56M | -76.89M | 2.74M | -1.25M | -13.78M |
| Operating Cash Flow | 27.96M | 81.13M | 65.93M | 59.41M | 54.17M | 47.97M |
| Capital Expenditures | -78.42M | -69.22M | -53.37M | -75.35M | -54.02M | -28.05M |
| Sale of Property, Plant & Equipment | 3.20M | 3.16M | 7.44M | 62.00K | 655.00K | 525.00K |
| Investment in Securities | -168.00K | -490.00K | -542.00K | |||
| Investing Cash Flow | -75.39M | -66.55M | -46.47M | -75.29M | -53.37M | -27.52M |
| Short-Term Debt Issued | 5.00M | |||||
| Long-Term Debt Issued | 92.00M | 104.63M | 77.08M | 80.70M | 20.25M | |
| Total Debt Issued | 141.20M | 92.00M | 109.63M | 77.08M | 80.70M | 20.25M |
| Short-Term Debt Repaid | -5.00M | |||||
| Long-Term Debt Repaid | -112.99M | -152.63M | -59.71M | -78.22M | -46.25M | |
| Total Debt Repaid | -149.40M | -112.99M | -157.63M | -59.71M | -78.22M | -46.25M |
| Net Debt Issued (Repaid) | -8.20M | -20.99M | -48.00M | 17.37M | 2.48M | -26.00M |
| Issuance of Common Stock | 67.46M | 13.51M | 34.52M | 7.32M | ||
| Repurchase of Common Stock | -3.08M | -3.55M | -277.00K | -2.10M | -274.00K | |
| Other Financing Activities | -6.19M | -330.00K | -673.00K | -6.01M | -2.68M | -418.00K |
| Financing Cash Flow | 49.99M | -11.37M | -14.43M | 16.57M | -207.00K | -26.69M |
| Net Cash Flow | 2.56M | 3.22M | 5.03M | 697.00K | 597.00K | -6.24M |
| Free Cash Flow | -50.46M | 11.92M | 12.57M | -15.94M | 149.00K | 19.92M |
| Free Cash Flow Margin | -11.09% | 2.54% | 3.11% | -2.51% | 0.04% | 8.04% |
| Free Cash Flow Per Share | -1.12 | 0.27 | 0.32 | -0.43 | 0.00 | 0.65 |
| Levered Free Cash Flow | -5.11M | -6.88M | 17.40M | 1.07M | 77.79M | 39.82M |
| Unlevered Free Cash Flow | 3.80M | 1.69M | 24.31M | 6.40M | 81.07M | 42.29M |
| Cash Interest Paid | 5.37M | 6.71M | 10.51M | 9.97M | 8.12M | 8.72M |
| Change in Working Capital | 72.81M | 82.16M | 79.52M | 31.53M | 5.86M | 21.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 499.72M | 834.43M | 487.97M | 292.98M | 329.50M | 75.31M |
| Enterprise Value | 518.45M | 875.00M | 567.29M | 367.82M | 451.93M | 187.09M |
| PE Ratio | 19.93 | 6.54 | 18.20 | |||
| PS Ratio | 1.10 | 1.78 | 1.21 | 0.46 | 0.91 | 0.30 |
| PB Ratio | 2.63 | 5.22 | 4.68 | 1.09 | 1.53 | 0.40 |
| P/FCF Ratio | 70.01 | 38.83 | 2,211.38 | 3.78 | ||
| P/OCF Ratio | 17.87 | 10.29 | 7.40 | 4.93 | 6.08 | 1.57 |
| EV/Sales Ratio | 1.14 | 1.86 | 1.40 | 0.58 | 1.25 | 0.76 |
| EV/EBITDA Ratio | 9.03 | 8.62 | 8.27 | 2.74 | 5.77 | 5.05 |
| EV/EBIT Ratio | 35.84 | 14.94 | 421.78 | 5.62 | 14.85 | |
| EV/FCF Ratio | 73.41 | 45.14 | 3,033.12 | 9.39 | ||
| Debt / Equity Ratio | 0.25 | 0.24 | 0.55 | 0.45 | 0.47 | 0.58 |
| Debt / EBITDA Ratio | 0.83 | 0.38 | 0.84 | 0.89 | 1.30 | 2.93 |
| Debt / FCF Ratio | 3.28 | 4.60 | 684.39 | 5.45 | ||
| Net Debt / Equity Ratio | 0.10 | 0.18 | 0.48 | 0.43 | 0.46 | 0.57 |
| Net Debt / EBITDA Ratio | 0.33 | 0.29 | 0.74 | 0.87 | 1.26 | 2.87 |
| Net Debt / FCF Ratio | -0.37 | 2.43 | 4.03 | -7.33 | 664.20 | 5.33 |
| Quick Ratio | 0.21 | 0.16 | 0.15 | 0.14 | 0.14 | 0.25 |
| Current Ratio | 0.72 | 0.81 | 0.69 | 0.59 | 0.58 | 0.61 |
| Asset Turnover | 1.04 | 1.21 | 0.84 | 1.04 | 0.73 | 0.67 |
| Return on Equity (ROE) | -0.58% | 31.71% | -121.30% | 18.52% | 9.02% | -2.00% |
| Return on Assets (ROA) | 2.06% | 9.42% | 0.18% | 6.70% | 3.86% | -0.76% |
| Return on Capital Employed (ROCE) | 5.60% | 22.90% | 0.60% | 15.10% | 7.80% | -1.50% |
| Earnings Yield | -0.19% | 5.02% | -46.34% | 15.29% | 5.50% | -4.98% |
| FCF Yield | -10.10% | 1.43% | 2.57% | -5.44% | 0.04% | 26.46% |
| Buyback Yield / Dilution | -6.04% | -9.94% | -7.27% | -9.45% | -9.91% | -0.55% |
| Total Shareholder Return | -6.04% | -9.94% | -7.27% | -9.45% | -9.91% | -0.55% |