Hallador Energy
HNRG
13.65
-1.16
-7.83%
Hallador Energy
US · HNRG
#3579 by market cap
13.65
-1.16
-7.83%
Live - 5344 symbols - heartbeat 331s ago
· 2026-10-08 09:14
Pre-market
14.55
+6.62%
After-hours
13.81
+1.17%
- Market cap
- 643.51M
- P/E (TTM)i
- 682.50
- P/Bi
- 3.38
- EPSi
- 0.96
- Div yieldi
- 0.00%
- 52W posi
- 4%
Reader sentiment
Are you bullish or bearish on HNRG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.94, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +16.16% YoY
Margins
- Gross margin
- 54.42%
- Operating margin
- 12.48%
- Net margin
- 8.92%
Key ratios & quality
- Enterprise valuei
- 670.53M
- PEG ratioi
- 21.17
- Altman Z-Scorei
- 2.94
PEG uses trailing P/E against the 3-year net income growth rate (32.24%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | -- | 244.24M | 247.67M | 361.99M | 634.88M | 404.16M | 469.47M |
| Gross profit | 76.42M | 69.57M | 58.28M | 48.83M | 95.38M | 331.64M | 225.56M | 255.47M |
| Selling & admin expenses | 11.84M | 12.85M | 11.59M | 14.83M | 16.42M | 178.58M | 142.69M | 136.90M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 18.06M | 5.65M | 4.90M | -4.46M | 30.43M | 65.41M | -555.00K | 58.57M |
| Pretax profit | 3.55M | -82.20M | -8.88M | -3.73M | 19.86M | 49.26M | -235.54M | 43.70M |
| Tax | -4.08M | -22.35M | -2.66M | 26.00K | 1.76M | 4.47M | -9.40M | 1.83M |
| Net profit | 7.62M | -59.85M | -6.22M | -3.75M | 18.11M | 44.79M | -226.14M | 41.87M |
| Basic EPS | 0 | -2 | 0 | 0 | 1 | 1 | -6 | 1 |
| Diluted EPS | 0.25 | -1.95 | -0.20 | -0.12 | 0.55 | 1.25 | -5.72 | 0.96 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 117.72M | 102.83M | 146.85M | 101.94M | 101.81M | 101.51M |
| Gross profit | 67.29M | 56.64M | 73.24M | 58.19M | 42.83M | 38.29M |
| Selling & admin expenses | 33.85M | 34.30M | 32.34M | 36.41M | 34.25M | 36.36M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 13.85M | 11.75M | 26.73M | 6.11M | -5.85M | -12.64M |
| Pretax profit | 9.98M | 8.25M | 23.88M | 1.59M | -9.83M | -16.40M |
| Tax | 0 | 0 | 0 | 1.83M | -504.00K | -1.16M |
| Net profit | 9.98M | 8.25M | 23.88M | -240.00K | -9.32M | -15.24M |
| Basic EPS | 0 | 0 | 1 | 0 | 0 | 0 |
| Diluted EPS | 0.23 | 0.19 | 0.55 | -0.01 | -0.20 | -0.32 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 84.98M | 82.45M | 63.33M | 39.24M | 138.52M | 92.81M | 104.86M | 123.39M |
| Cash & ST investments | 17.83M | 9.04M | 8.04M | 2.55M | 3.01M | 2.84M | 7.23M | 10.07M |
| Inventory | 30.15M | 40.07M | 33.57M | 17.71M | 78.09M | 61.95M | 75.79M | 88.39M |
| Total assets | 515.50M | 425.63M | 384.13M | 353.98M | 630.55M | 589.78M | 369.12M | 408.05M |
| Total current liabilities | 51.81M | 64.84M | 71.21M | 64.63M | 239.60M | 157.60M | 152.90M | 152.60M |
| Short-term debt | 25.39M | 33.04M | 39.80M | 23.10M | 33.03M | 28.37M | 11.01M | 7.41M |
| Long-term debt | 155.66M | 140.59M | 101.82M | 84.67M | 68.71M | 82.45M | 37.39M | 29.68M |
| Total liabilities | 256,625,000.00 | 230,097,000.00 | 194,870,000.00 | 167,745,000.00 | 415,530,000.00 | 321,192,000.00 | 264,835,000.00 | 248,220,000.00 |
| Total equity | 258.87M | 195.53M | 189.26M | 186.24M | 215.02M | 268.59M | 104.29M | 159.83M |
| Retained earnings | 153.83M | 89.01M | 81.56M | 77.80M | 95.91M | 140.70M | -85.44M | -43.57M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 107.05M | 139.87M | 136.55M | 123.39M | 151.10M | 150.00M |
| Cash & ST investments | 6.89M | 9.23M | 12.66M | 10.07M | 36.78M | 28.98M |
| Inventory | 76.46M | 86.33M | 72.01M | 88.39M | 95.06M | 99.17M |
| Total assets | 366.10M | 409.51M | 409.46M | 408.05M | 448.63M | 468.04M |
| Total current liabilities | 177.05M | 209.26M | 207.35M | 152.60M | 190.05M | 208.69M |
| Short-term debt | 24.03M | 24.37M | 50.09M | 7.41M | 5.59M | 8.22M |
| Long-term debt | 4.00M | 26.00M | -- | 29.68M | -- | 39.18M |
| Total liabilities | 250,749,000.00 | 287,360,000.00 | 263,273,000.00 | 248,220,000.00 | 243,058,000.00 | 277,712,000.00 |
| Total equity | 115.35M | 122.15M | 146.19M | 159.83M | 205.57M | 190.33M |
| Retained earnings | -75.46M | -67.21M | -43.33M | -43.57M | -52.89M | -68.12M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 51.57M | 38.24M | 52.58M | 47.97M | 54.17M | 59.41M | 65.93M | 81.13M |
| Depreciation & amortization | 44.17M | 48.57M | 39.64M | 39.97M | 46.88M | 67.21M | 65.63M | 41.22M |
| Free cash flow | 16.48M | 2.71M | 31.89M | 19.92M | 149.00K | -15.94M | 12.57M | 11.92M |
| Dividends paid | -4.94M | -4.97M | -1.24M | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | 7.32M | 34.52M | 13.51M |
| Ending cash balance | 20.09M | 13.31M | 12.07M | 5.83M | 6.43M | 7.12M | 12.15M | 15.37M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 38.42M | 11.36M | 23.20M | 8.16M | 20.50M | -23.89M |
| Depreciation & amortization | 14.98M | 5.54M | 9.14M | 11.56M | 10.69M | 10.14M |
| Free cash flow | 26.73M | -1.68M | 3.66M | -16.78M | 12.82M | -50.15M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | 0 | 13.51M | 53.97M | -12.00K |
| Ending cash balance | 16.21M | 32.37M | 35.48M | 15.37M | 43.36M | 34.93M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 2.95 | -26.41 | -3.25 | -2.02 | 9.12 | 18.52 | -121.29 | 31.71 |
| ROA %i | 1.44 | -12.53 | -1.51 | -1.01 | 3.68 | 7.34 | -47.17 | 10.78 |
| ROIC %i | 4.37 | -11.80 | 0.87 | 0.81 | 8.45 | 15.42 | -78.15 | 30.90 |
| 5-year avg ROE %i | 7.53 | 1.19 | -1.44 | -3.00 | -3.93 | -0.81 | -19.79 | -12.80 |
| EBIT margin %i | 6.80 | -20.86 | 1.72 | 1.93 | 7.77 | 9.42 | -55.25 | 12.48 |
| FCF / sales %i | 5.65 | 0.85 | 13.17 | 8.04 | 0.04 | -- | 3.11 | 2.54 |
| Current ratioi | 1.64 | 1.27 | 0.89 | 0.61 | 0.58 | 0.59 | 0.69 | 0.81 |
| Quick ratioi | 0.70 | 0.53 | 0.32 | 0.25 | 0.22 | 0.14 | 0.15 | 0.16 |
| Debt / assetsi | 35.12 | 40.80 | 36.87 | 30.44 | 16.14 | 20.17 | 15.48 | 9.42 |
| LT debt / equityi | 61.07 | 73.41 | 54.96 | 46.46 | 31.96 | 33.74 | 44.25 | 19.41 |
| Interest coveragei | 1.22 | -4.14 | 0.32 | 0.56 | 3.40 | 5.70 | -18.46 | 3.93 |
| Revenue CAGR (3Y) %i | -4.92 | 4.41 | -3.07 | -5.32 | 4.48 | 37.50 | 17.73 | 9.05 |
| Net income CAGR (3Y) %i | -27.66 | -- | -- | -- | -- | -- | -- | 32.24 |
| FCF CAGR (3Y) %i | -36.21 | -47.50 | -4.96 | 6.53 | -61.97 | -- | -14.24 | 330.87 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -107.44 | -89.44 | -74.70 | 31.71 | 14.07 | -0.58 |
| ROA %i | -45.08 | -39.02 | -35.12 | 10.78 | 5.54 | -0.21 |
| ROIC %i | -75.43 | -66.72 | -53.37 | 30.90 | 20.13 | 3.73 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -51.50 | -45.30 | -35.96 | 12.48 | 8.66 | 3.20 |
| FCF / sales %i | 9.21 | 6.14 | 11.69 | 2.54 | -- | -- |
| Current ratioi | 0.60 | 0.67 | 0.66 | 0.81 | 0.80 | 0.72 |
| Quick ratioi | 0.11 | 0.13 | 0.18 | 0.16 | 0.24 | 0.21 |
| Debt / assetsi | 9.55 | 13.53 | 13.00 | 9.42 | 1.38 | 10.19 |
| LT debt / equityi | 9.47 | 25.42 | 2.15 | 19.41 | 0.30 | 20.75 |
| Interest coveragei | -17.93 | -16.15 | -11.97 | 3.93 | 2.55 | 0.95 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Electric Operations is the largest reported line at 58.85% of revenue, across 3 reported segments.
- Coal Operations follows at 50.90%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Electric Operations58.85%
Coal Operations50.90%
Quote time 2026-10-08 09:14:53 · For reference only, not investment advice and not tailored to your situation.