HNRG - NASDAQ

Hallador Energy Company

HNRG·NASDAQ

$17.91

-1.3%

EnergyCoal

Hallador 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$844.10M

EPS0.9800

P/E Ratio18.28

Earnings Date08/10/2026

437.46M

Assets

19%

3Y-33.0%

5Y+14.0%

10Y-17.0%

277.63M

Total Liabilities

3Y-37.0%

5Y+42.0%

10Y-11.0%

159.83M

Total Equity

53%

3Y-26.0%

5Y-16.0%

10Y-26.0%

Hallador Energy Company Funding & Solvency Profile

HNRG · NASDAQ

Current Assets

Cash & Cash Equivalents10.07M

Net Receivables13.99M

Inventory42.53M

Other Current Assets51.16M

Total Current Assets123 M

Non-Current Assets

Property, Plant & Equipment658.14M

Goodwill & Intangible Assets0.00

Long-Term Investments2.65M

Other Non-Current Assets-346.71M

Total Non-Current Assets314 M

Total Assets

437.46M

Financial Health Analysis

Current Ratio

0.81x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.74x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-29215000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

28% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Hallador Energy Company Balance Sheet

HNRG • NASDAQ

Hallador Energy Company Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	10.1M	7.2M	2.8M	6.4M	2.5M	12.1M	8.8M	15.5M	12.5M	9.8M	15.9M	13.5M	16.2M	21.9M	37.5M	11.6M	18.7M	21M	7M	7.2M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	245K	2.3M	3.4M	9.1M	1.3M	1.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	10.1M	7.2M	2.8M	6.4M	2.5M	12.1M	9M	17.8M	15.9M	18.9M	17.3M	15.1M	16.2M	21.9M	37.5M	11.6M	18.7M	21M	7M	7.2M
Net Receivables	14M	15.4M	19.9M	49.5M	13.6M	14.4M	25.6M	18.4M	16.8M	22.3M	16.7M	27.3M	10.6M	8.1M	6.7M	5.5M	5.4M	6.1M	2.4M	1.5M
Accounts Receivables	14M	15.4M	19.9M	29.9M	13.6M	14.4M	25.6M	18.4M	16.8M	22.3M	16.7M	27.3M	10.6M	8.1M	6.7M	5.5M	5.4M	6.1M	2.4M	1.5M
Other Receivables	0.0	0.0	0.0	19.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventory	42.5M	75.8M	62M	78.1M	17.7M	33.6M	40.1M	30.2M	22.8M	20.2M	26.2M	34.6M	7.6M	4.6M	4.1M	4.5M	2.2M	776K	92K	0.0
Prepaids	5.6M	1.5M	2.3M	4.5M	2.1M	3.3M	1.7M	11.4M	5.5M	9.6M	6.5M	5.8M	4.7M	0.0	0.0	3.9M	1.5M	1.5M	0.0	63K
Other Current Assets	51.2M	4.9M	5.8M	0.0	3.3M	0.0	6.1M	7.2M	6.7M	11.7M	0.0	1.6M	291K	242K	580K	850K	2.5M	1.9M	2.7M	0.0
Total Current Assets	123.4M	104.9M	92.8M	138.5M	39.2M	63.3M	82.4M	85M	67.7M	82.8M	66.6M	84.4M	39.4M	34.9M	48.9M	26.2M	30.3M	31.4M	12.1M	8.8M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	658.1M	257.7M	488.6M	480.5M	302.8M	309.4M	329.7M	412.6M	420M	422.8M	445.2M	460.3M	185.2M	166.8M	161.8M	145.4M	125.8M	93.1M	61.9M	46.5M
Long-Term Investments	2.6M	2.6M	2.8M	4M	3.5M	3.2M	3.1M	3.7M	11.9M	11.7M	17.1M	18.7M	21.3M	16.2M	15.4M	7.7M	6.3M	7.9M	0.0	0.0
Tax Assets	0.0	0.0	0.0	23.5M	28M	0.0	4.6M	26.4M	28.7M	0.0	49M	41.6M	43.3M	35.9M	31.1M	17.4M	1.7M	1.7M	0.0	0.0
Other Non-Current Assets	-346.7M	4M	5.5M	7.6M	-19.6M	8.3M	5.7M	4M	4.9M	14.1M	4.9M	4.2M	8.7M	11.3M	6.3M	7.3M	2.8M	9.9M	13.2M	6.5M
Total Non-Current Assets	314.1M	264.3M	497M	515.6M	314.7M	320.8M	343.2M	430.5M	446.6M	448.6M	478.9M	495.2M	221.1M	194.3M	183.6M	160.4M	134.8M	104.7M	75.2M	53M
Total Assets	437.5M	369.1M	589.8M	654.1M	354M	384.1M	425.6M	515.5M	518.2M	528.5M	545.5M	579.6M	260.4M	229.2M	232.4M	186.7M	165.1M	136.1M	87.3M	61.8M
LIABILITIES
CURRENT LIABILITIES
Total Payables	16.5M	28.5M	46.6M	64.2M	30.4M	17.4M	16.1M	8.6M	6.8M	7.8M	26.2M	28.1M	10.4M	11M	15.5M	8.8M	10.4M	12.2M	5.6M	2M
Accounts Payable	12.6M	24.3M	43.6M	62.3M	27.8M	14.8M	13.3M	11.9M	4M	4.8M	26.2M	28.1M	10.4M	9.4M	10.4M	8.8M	10M	11.6M	5.6M	2M
Other Payables	3.9M	4.2M	3M	1.9M	2.5M	2.6M	2.8M	0.0	5.6M	3.1M	0.0	0.0	0.0	1.7M	5.1M	0.0	464K	605K	0.0	0.0
Accrued Expenses	0.0	9.5M	10.5M	9.4M	9.3M	4.6M	10.9M	5.5M	11.4M	5.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Short Term Debt	7.5M	0.0	0.0	33.3M	23.1M	39.8M	33M	25.4M	33.2M	28.8M	24.9M	21.9M	0.0	0.0	17.5M	10M	10M	2.5M	1.9M	1.7M
Capital Lease Obligations (Current)	0.0	6.9M	3.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	4.2M	3M	1.9M	2.5M	2.6M	2.8M	2.8M	2.8M	3M	5.3M	5.8M	4.7M	1.7M	5.1M	3.9M	464K	605K	0.0	-558K
Deferred Revenue	0.0	97.6M	66.3M	123.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	500K
Other Current Liabilities	128.6M	10.4M	30.2M	9.1M	1.9M	9.4M	4.8M	4M	3.1M	6.4M	0.0	0.0	0.0	0.0	60K	692K	179K	310K	1.8M	1.4M
Total Current Liabilities	152.6M	152.9M	157.6M	239.6M	64.6M	71.2M	64.8M	51.8M	54.3M	48.7M	51M	50M	10.4M	11M	33.1M	19.5M	20.6M	15M	9.2M	5.6M
NON-CURRENT LIABILITIES
Long Term Debt	29.7M	37.4M	82.5M	68.7M	84.7M	101.8M	140.6M	155.7M	165.8M	204.9M	219.5M	284.5M	16M	11.4M	0.0	17.5M	27.5M	39.8M	33.5M	23.5M
Deferred Revenue (Non-Current)	45.7M	49.1M	47.4M	84.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	31.2M	0.0	9.2M	28.1M	0.0	2.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	31.1M	17.4M	1.7M	1.7M	0.0	0.0
Other Non-Current Liabilities	16.5M	16.7M	16.3M	18.3M	18.5M	18.4M	24.7M	22.7M	20.1M	15.6M	14M	13.7M	7.4M	8.9M	7.2M	5.5M	6.7M	5M	5M	4.5M
Total Non-Current Liabilities	125M	111.9M	163.6M	199.5M	103.1M	123.7M	165.3M	204.8M	214.6M	265.9M	282.5M	339.7M	66.7M	56.2M	38.3M	40.4M	35.9M	46.5M	38.5M	28M
Capital Lease Obligations	1.9M	15.7M	12.1M	230K	0.0	602K	800K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	277.6M	264.8M	321.2M	439.1M	167.7M	194.9M	230.1M	256.6M	268.9M	311.6M	338.7M	389.7M	77.1M	67.2M	71.4M	59.9M	56.5M	61.5M	47.7M	33.6M
SHAREHOLDERS' EQUITY
Common Stock	438K	426K	341K	330K	308K	306K	304K	302K	299K	294K	292K	289K	287K	285K	283K	279K	277K	224K	163K	121K
Additional Paid-In Capital	203M	189.3M	127.5M	118.8M	104.1M	103.4M	102.2M	100.7M	97.9M	93.8M	92.3M	90.2M	87.9M	86.6M	86M	84.1M	85.2M	69.7M	45M	31.6M
Retained Earnings	-43.6M	-85.4M	140.7M	95.9M	77.8M	81.6M	89M	153.8M	150.2M	122.1M	114.3M	99M	94.8M	75.1M	74.7M	42.4M	23.1M	2.9M	-6M	-3.6M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	915K	728K	-88K	365K	379K	30K	41K	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	159.8M	104.3M	268.6M	215M	182.2M	185.3M	191.5M	254.9M	249.3M	216.9M	206.8M	189.9M	183.3M	162M	161M	126.7M	108.6M	72.9M	39.2M	28.2M
Total Equity	159.8M	104.3M	268.6M	215M	186.2M	189.3M	195.5M	258.9M	249.3M	216.9M	206.8M	189.9M	183.3M	162M	161M	126.7M	108.6M	74.6M	39.6M	28.2M
Minority Interest	0.0	0.0	0.0	0.0	4M	4M	4M	4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.7M	384K	0.0
SUMMARY
Total Liabilities & Equity	437.5M	369.1M	589.8M	654.1M	354M	384.1M	425.6M	515.5M	518.2M	528.5M	545.5M	579.6M	260.4M	229.2M	232.4M	186.7M	165.1M	136.1M	87.3M	61.8M
Total Investments	2.6M	2.6M	2.8M	4M	3.5M	3.2M	3.4M	6M	15.3M	20.8M	18.5M	20.4M	21.3M	16.2M	15.4M	7.7M	6.3M	7.9M	0.0	0.0
Total Debt	39.1M	53.1M	94.5M	102.2M	107.8M	142.2M	173.6M	181M	198.9M	233.7M	244.4M	306.3M	16M	11.4M	17.5M	27.5M	37.5M	42.3M	35.4M	25.2M
Net Debt	29M	45.8M	91.7M	95.8M	105.2M	130.1M	164.8M	165.5M	186.5M	224M	233.5M	292.9M	-228K	-10.5M	-20M	15.9M	18.8M	21.3M	28.4M	18M
Shares Outstanding	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230	43,010,230

SEC Filings

HNRG - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 03, 2026	May 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	June 02, 2026	May 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 29, 2026	May 27, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 15, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 15, 2026	April 09, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 27, 2026	March 25, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 12, 2026	March 12, 2026	2026	View Filing

Showing 1 to 10 of 267 filings

Related Guides

Blog Categories

Continue your HNRG research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.