Hallador Energy Co (HNRG) Financial Statements
Industry: Electric Services
In fiscal 2025, Hallador Energy reported revenue of $469.5M, up 16.1% from $404.4M the year before. Net income was $41.9M (a 8.9% net margin), or $0.96 per diluted share. Gross margin was 97.6% and operating margin was 13.0%. Operating activities generated $81.1M of cash, leaving $11.9M of free cash flow. At fiscal year end, Hallador Energy held $408.1M in total assets against $248.2M in total liabilities, including $10.1M of cash and equivalents.
Open the full interactive Hallador Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Hallador Energy Key Stats
| Share Price | $13.95 |
|---|---|
| Market Cap | $657.5M |
| P/E Ratio | 14.5 |
| Revenue YoY Growth | +16.1% |
| 52-Week Range | $13.49 – $23.81 |
| Shares Outstanding | 47.1 million (basic, 2026 Q2) |
Hallador Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $245.3M | $247.7M | $362.0M | $634.5M | $404.4M | $469.5M |
| Cost of Goods Sold | $186.0M | $198.8M | $266.6M | $473.4M | $13.8M | $11.3M |
| Gross Profit | $59.3M | $48.8M | $95.4M | $161.1M | $390.6M | $458.1M |
| Operating Income | $47.7M | -$6.0M | $30.4M | $65.0M | -$218.2M | $61.1M |
| Pre-Tax Income | -$8.9M | -$3.7M | $19.9M | $49.3M | -$235.5M | $43.7M |
| Income Tax | -$2.7M | $26,000 | $1.8M | $4.5M | -$9.4M | $1.8M |
| Net Income | -$6.2M | -$3.8M | $18.1M | $44.8M | -$226.1M | $41.9M |
| Diluted EPS | -$0.20 | -$0.12 | $0.55 | $1.25 | -$5.72 | $0.96 |
Hallador Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $146.8M | $101.9M | $101.8M | $101.5M |
| Net Income | $23.9M | -$240,000 | -$9.3M | -$15.2M |
| Diluted EPS | $0.55 | -$0.01 | -$0.20 | -$0.32 |
Hallador Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.0M | $2.5M | $3.0M | $2.8M | $7.2M | $10.1M |
| Current Assets | $63.3M | $39.2M | $138.5M | $91.3M | $104.9M | $123.4M |
| Total Assets | $384.1M | $354.0M | $630.6M | $589.8M | $369.1M | $408.1M |
| Current Liabilities | $71.2M | $64.6M | $239.6M | $157.6M | $152.9M | $152.6M |
| Total Long-Term Debt | $131.6M | $107.8M | $82.7M | $87.9M | $41.5M | $29.7M |
| Total Liabilities | $194.9M | $167.7M | $415.5M | $321.2M | $264.8M | $248.2M |
| Shareholders' Equity | $185.3M | $182.2M | $215.0M | $268.6M | $104.3M | $159.8M |
Hallador Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $52.6M | $48.0M | $54.2M | $59.4M | $65.9M | $81.1M |
| Cash From Investing | -$18.2M | -$27.5M | -$53.4M | -$75.3M | -$46.5M | -$66.5M |
| Cash From Financing | -$35.6M | -$26.7M | -$207,000 | $16.6M | -$14.4M | -$11.4M |
| Free Cash Flow | $31.9M | $19.9M | $149,000 | -$15.9M | $12.6M | $11.9M |
Figures from Hallador Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hallador Energy financials page for every line item.
Hallador Energy Company Profile
| Ticker | HNRG |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric Services |
| Headquarters | Terre Haute, Indiana |
| Incorporated in | Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000788965 |
Frequently Asked Questions
What was Hallador Energy's revenue in fiscal 2025?
Hallador Energy (HNRG) reported revenue of $469.5M for fiscal 2025.
What is Hallador Energy's annual revenue history?
Hallador Energy's annual revenue by fiscal year: 2020: $245.3M; 2021: $247.7M; 2022: $362.0M; 2023: $634.5M; 2024: $404.4M; 2025: $469.5M.
What was Hallador Energy's net income in fiscal 2025?
Hallador Energy reported net income of $41.9M for fiscal 2025.
What was Hallador Energy's earnings per share (EPS) in fiscal 2025?
Hallador Energy's diluted EPS was $0.96 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hallador Energy generate in fiscal 2025?
Hallador Energy generated $11.9M of free cash flow in fiscal 2025.
What was Hallador Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Hallador Energy reported revenue of $101.5M.
How much debt does Hallador Energy have?
Hallador Energy reported $29.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hallador Energy are outstanding?
Hallador Energy reported a weighted average of 47.1 million basic shares outstanding in 2026 Q2.
What is Hallador Energy's market cap?
Based on its latest closing price, Hallador Energy (HNRG) has a market capitalization of about $657.5M.
When does Hallador Energy's fiscal year end?
Hallador Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Hallador Energy headquartered?
Hallador Energy lists its business address in Terre Haute, Indiana in its SEC filings.