Hallador Energy Co
HNRG Nasdaq· Electric Services
Last close · Oct 23, 2026
$11.05
KIRA · Stoqly’s AI analyst, in plain words
- Hallador Energy Co had $469M of revenue in fiscal 2025, up 16.2% on the year before. Over five years, revenue changed +14.0% a year on average.
- Its operating margin was 13.0%, up 67.0 pts: of every 100 in sales, about 13 is left after running the business.
- Hallador Energy Co made $41.9M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 9.6% a year.
- Free cash flow was $11.9M in fiscal 2025, 2.5% of revenue.
- Hallador Energy Co owes $28.4M more than it holds in cash, about 0.3 years of operating profit.
Market cap
$521M
P/E
—
Revenue
$469M
Net income
$41.9M
Free cash flow
$11.9M
Operating margin
13.0%
Hallador Energy Co in 30 seconds · fiscal 2025
Are sales growing?
+16.2%
Yes. Sales grew 16.2% last year.
Does it make a profit?
8.9%
A little. It keeps 8.9% of every sale as profit.
Does profit turn into cash?
2.5%
Partly. 2.5% of sales ends up as free cash.
Is debt under control?
0.3x
Yes. It could repay its debt with 0.3 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
What Hallador Energy Co does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- HALLADOR ENERGY CO
- CIK
- 0000788965
Hallador Energy Co · HNRG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $248M | $362M | $635M | $404M | $469M |
| Revenue growth | 1.4% | 46.2% | 75.4% | −36.3% | 16.2% |
| Gross margin | 19.7% | 26.3% | 25.4% | — | — |
| Operating margin | −2.4% | 8.4% | 10.2% | −54.0% | 13.0% |
| Net income | −$3.8M | $18.1M | $44.8M | −$226M | $41.9M |
| Net margin | −1.5% | 5.0% | 7.1% | −56.0% | 8.9% |
| Diluted EPS | −$0.12 | $0.55 | $1.25 | −$5.72 | $0.96 |
| Cash | |||||
| Cash from operations | $48.0M | $54.2M | $59.4M | $65.9M | $81.1M |
| Capital expenditure | $28.1M | $54.0M | $75.4M | $53.4M | $69.2M |
| Free cash flow | $19.9M | $0.1M | −$15.9M | $12.6M | $11.9M |
| FCF margin | 8.0% | 0.0% | −2.5% | 3.1% | 2.5% |
| Dividends paid | $0.0M | — | — | — | — |
| Share count change | 0.6% | 9.9% | 9.4% | 7.3% | 9.9% |
| Debt and strength | |||||
| Cash and short-term investments | $2.5M | $3.0M | $2.8M | $7.2M | $10.1M |
| Debt incl. finance leases | $108M | $82.7M | $100.0M | $57.2M | $38.4M |
| Shareholders' equity | $215M | $215M | $269M | $104M | $160M |
| Net debt / EBITDA | 3.1x | 1.0x | 0.7x | — | 0.3x |
| Current ratio | 0.6x | 0.6x | 0.6x | 0.7x | 0.8x |
| Interest coverage | −0.8x | 2.8x | 4.7x | −15.8x | 3.6x |
| Returns and quality | |||||
| Return on capital | −1.5% | 9.4% | 16.7% | −124.5% | 32.6% |
| Return on equity | −1.9% | 8.4% | 18.5% | −121.3% | 31.7% |
| Return on tangible equity | −1.7% | 8.4% | 16.7% | −216.8% | 26.2% |
| Piotroski F-score | 5 | 6 | 6 | 5 | 7 |
| Altman Z'' | 1.5 | 0.3 | 1.7 | −5.2 | 0.9 |
Insiders bought, 12 months
$1.3M
3 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Hallador Energy Co · HNRG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $11.05 a share, the company is worth $521M.
Source: SEC EDGAR XBRL filings (CIK 0000788965). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.