HNRG
Hallador Energy Company
NasdaqCMUSDEQUITY
Utilities
DELAYED
Sell
-33/100
Last price
14.81
▲ 0.86 (6.16%)
MARKET · —
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Open
—
Prev close
13.95
Day high
15.12
Day low
13.92
Volume
1.02M
Market cap
$698.19M
P/E (TTM)
740.50
52W range
13.19 – 24.70
Trailing performance
Returnvs SPY
1W
+5.11%
+3.2%
1M
-10.78%
-11.9%
3M
-7.96%
-12.5%
6M
-5.31%
-23.5%
YTD
-22.22%
-36.5%
1Y
-23.18%
-39.6%
3Y
+2.70%
-79.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on HNRG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
4.24M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 14, 26 | SUGG BARBARA ANN Director |
BUY | 5.00K | $85.65K | Direct |
| Jul 9, 26 | HUDSON DANIEL TIMOTHY Director |
BUY | 5.00K | $82.91K | Direct |
| Jun 29, 26 | HUDSON DANIEL TIMOTHY Director |
BUY | 10.00K | $169.40K | Direct |
| Jun 25, 26 | HUDSON DANIEL TIMOTHY Director |
BUY | 5.00K | $86.52K | Direct |
| Jun 23, 26 | TELESZ TODD E. Chief Financial Officer |
— | 8.22K | — | Direct |
| Jun 16, 26 | WESLEY CHARLES RAY IV Director |
BUY | 15.00K | $250.31K | Indirect |
| Mar 31, 26 | LOVELL HEATH AARON Chief Operating Officer |
— | 40.86K | — | Direct |
| Dec 31, 25 | HARDIE DAVID C Director |
STOCK | 1.94K | $37.50K | Direct |
| Dec 30, 25 | LUBAR DAVID J Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 2.85K | $55.00K | Direct |
| Dec 30, 25 | WESLEY CHARLES RAY IV Director |
STOCK | 2.59K | $50.00K | Direct |
| Dec 30, 25 | GRAY ZARRELL THOMAS Director |
STOCK | 2.59K | $50.00K | Direct |
| Dec 17, 25 | WESLEY CHARLES RAY IV Director |
BUY | 20.00K | $356.58K | Indirect |
| Nov 21, 25 | WESLEY CHARLES RAY IV Director |
BUY | 13.00K | $250.66K | Indirect |
| Oct 1, 25 | HARDIE DAVID C Director |
SELL | 100.00K | $1.98M | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BILSLAND BRENT K |
Chief Executive Officer | 1.46M | Conversion of Exercise of derivative security |
GRAY ZARRELL THOMAS |
Director | 62.59K | Stock Award(Grant) |
HARDIE DAVID C |
Director | 23.02K | Stock Award(Grant) |
HARGRAVE MARJORIE ANNE |
Chief Financial Officer | 30.27K | Conversion of Exercise of derivative security |
HUDSON DANIEL TIMOTHY |
Director | 20.00K | Purchase |
LOVELL HEATH AARON |
Chief Operating Officer | 170.82K | Conversion of Exercise of derivative security |
LUBAR DAVID J |
Director and Beneficial Owner of more than 10% of a Class of Security | 2.85K | Stock Award(Grant) |
SUGG BARBARA ANN |
Director | 5.00K | Purchase |
TELESZ TODD E. |
Chief Financial Officer | 5.61K | Conversion of Exercise of derivative security |
WESLEY CHARLES RAY IV |
Director | — | Purchase |
Fundamentals
Market cap$698.19M
Enterprise value$716.92M
Revenue (TTM)$454.91M
Gross profit$84.18M
EBITDA$57.41M
Net income$-912.00K
EPS (TTM)$0.02
Free cash flow$-5.11M
Total cash$28.98M
Total debt$47.71M
Book value / share$4.04
Shares outstanding47.14M
Float37.44M
Short % of float10.01%
Dividend yield0.00%
Beta (5Y)0.44
Valuation & profitability ratios
Trailing P/E740.50
Forward P/E68.35
PEG ratio1.26
Price / sales—
Price / book3.67
EV / revenue1.58
EV / EBITDA12.49
Gross margin18.50%
Operating margin-12.46%
Profit margin-0.20%
Return on equity-0.58%
Return on assets2.06%
Debt / equity25.07
Current ratio0.72
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $469.47M | $404.16M | $634.88M | $361.99M | +16.2% |
| Operating revenue | $459.39M | $398.98M | $629.85M | $355.63M | +15.1% |
| Cost of revenue | $213.99M | $178.59M | $303.24M | $266.61M | +19.8% |
| Gross profit | $255.47M | $225.56M | $331.63M | $95.38M | +13.3% |
| Selling, general & admin | $136.90M | $142.69M | $178.58M | $16.42M | -4.1% |
| Total operating expense | $196.91M | $226.12M | $266.23M | $64.95M | -12.9% |
| Operating income | $58.57M | -$555.00K | $65.41M | $30.43M | +10,652.6% |
| Net interest income | -$16.29M | -$13.62M | -$13.71M | -$11.88M | -19.7% |
| Pre-tax income | $43.70M | -$235.54M | $49.26M | $19.86M | +118.6% |
| Tax provision | $1.83M | -$9.40M | $4.46M | $1.76M | +119.5% |
| Net income | $41.87M | -$226.14M | $44.79M | $18.11M | +118.5% |
| Net income to common | $41.87M | -$226.14M | $44.79M | $18.11M | +118.5% |
| Basic EPS | 0.98 | -5.72 | 1.35 | 0.57 | +117.1% |
| Diluted EPS | 0.96 | -5.72 | 1.25 | 0.55 | +116.8% |
| EBIT | $58.61M | -$223.44M | $59.74M | $28.14M | +126.2% |
| EBITDA | $99.83M | -$157.81M | $126.95M | $75.01M | +163.3% |
| Basic shares | 42.93M | 39.50M | 33.13M | 32.04M | +8.7% |
| Diluted shares | 43.43M | 39.50M | 36.83M | 33.65M | +9.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $10.07M | $7.23M | $2.84M | $3.01M | +39.2% |
| Cash & short-term investments | $10.07M | $7.23M | $2.84M | $3.01M | +39.2% |
| Accounts receivable | $13.99M | $15.44M | $19.94M | $29.89M | -9.4% |
| Inventory | $88.39M | $75.79M | $61.95M | $78.09M | +16.6% |
| Total current assets | $123.39M | $104.86M | $92.81M | $138.52M | +17.7% |
| Property, plant & equipment | $277.78M | $257.70M | $488.63M | $480.46M | +7.8% |
| Total assets | $408.05M | $369.12M | $589.78M | $630.55M | +10.5% |
| Total current liabilities | $152.60M | $152.90M | $157.59M | $239.60M | -0.2% |
| Long-term debt | $29.68M | $37.39M | $82.45M | $68.71M | -20.6% |
| Total debt | $38.43M | $57.15M | $118.98M | $101.74M | -32.8% |
| Total liabilities | $248.22M | $264.83M | $321.19M | $415.53M | -6.3% |
| Retained earnings | -$43.57M | -$85.44M | $140.70M | $95.91M | +49.0% |
| Shareholder equity | $159.83M | $104.28M | $268.59M | $215.02M | +53.3% |
| Working capital | -$29.21M | -$48.05M | -$64.78M | -$101.08M | +39.2% |
| Net tangible assets | $159.83M | $104.28M | $268.59M | $215.02M | +53.3% |
| Shares issued | 43.82M | 42.62M | 34.05M | 33.00M | +2.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $41.87M | -$226.14M | $44.79M | $18.11M | — | +118.5% |
| Stock-based compensation | $3.53M | $4.45M | $3.55M | $1.27M | — | -20.8% |
| Change in working capital | $82.16M | $79.52M | $31.53M | $5.86M | — | +3.3% |
| Operating cash flow | $81.13M | $65.93M | $59.41M | $54.17M | — | +23.1% |
| Capital expenditure | -$69.22M | -$53.37M | -$75.35M | -$54.02M | — | -29.7% |
| Investing cash flow | -$66.55M | -$46.47M | -$75.29M | -$53.37M | — | -43.2% |
| Dividends paid | — | — | — | — | $0 | — |
| Financing cash flow | -$11.37M | -$14.43M | $16.57M | -$207.00K | — | +21.2% |
| Free cash flow | $11.92M | $12.57M | -$15.94M | $149.00K | — | -5.2% |
| End cash position | $15.37M | $12.15M | $7.12M | $6.43M | — | +26.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $101.50M | $101.81M | $101.94M | $146.85M | $102.83M | — | -0.3% |
| Operating revenue | $100.11M | $100.18M | $100.65M | $144.49M | $98.12M | — | -0.1% |
| Cost of revenue | $63.22M | $58.98M | $43.76M | $73.61M | $46.19M | — | +7.2% |
| Gross profit | $38.29M | $42.83M | $58.19M | $73.24M | $56.63M | — | -10.6% |
| Selling, general & admin | $36.36M | $34.25M | $36.41M | $32.34M | $34.30M | — | +6.2% |
| Total operating expense | $50.93M | $48.68M | $52.08M | $46.51M | $44.88M | — | +4.6% |
| Operating income | -$12.64M | -$5.85M | $6.11M | $26.73M | $11.75M | — | -116.0% |
| Net interest income | -$3.50M | -$3.82M | -$3.83M | -$4.93M | -$3.75M | — | +8.5% |
| Pre-tax income | -$16.40M | -$9.82M | $1.59M | $23.88M | $8.25M | — | -66.9% |
| Tax provision | -$1.16M | -$504.00K | $1.83M | $0 | $0 | — | -131.0% |
| Net income | -$15.23M | -$9.32M | -$240.00K | $23.88M | $8.25M | — | -63.4% |
| Net income to common | -$15.23M | -$9.32M | -$240.00K | $23.88M | $8.25M | — | -63.4% |
| Basic EPS | -0.32 | -0.20 | — | 0.56 | 0.19 | 0.23 | -60.0% |
| Diluted EPS | -0.32 | -0.20 | — | 0.55 | 0.19 | 0.23 | -60.0% |
| EBIT | -$13.15M | -$6.13M | $5.63M | $28.23M | $11.54M | — | -114.6% |
| EBITDA | -$3.01M | $4.56M | $17.19M | $37.37M | $17.09M | — | -166.0% |
| Basic shares | 47.13M | 46.52M | — | 43.01M | 42.62M | 42.62M | +1.3% |
| Diluted shares | 47.13M | 46.52M | — | 43.43M | 43.05M | 43.46M | +1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $28.98M | $36.78M | $10.07M | $12.66M | $9.23M | — | -21.2% |
| Cash & short-term investments | $28.98M | $36.78M | $10.07M | $12.66M | $9.23M | — | -21.2% |
| Accounts receivable | $14.40M | $9.15M | $13.99M | $24.76M | $18.74M | — | +57.3% |
| Inventory | $99.17M | $95.06M | $88.39M | $72.01M | $86.33M | — | +4.3% |
| Total current assets | $150.00M | $151.10M | $123.39M | $136.55M | $139.87M | — | -0.7% |
| Property, plant & equipment | $308.06M | $287.15M | $277.78M | $265.98M | $262.68M | — | +7.3% |
| Total assets | $468.04M | $448.63M | $408.05M | $409.46M | $409.51M | — | +4.3% |
| Total current liabilities | $208.69M | $190.05M | $152.60M | $207.35M | $209.25M | — | +9.8% |
| Long-term debt | $39.18M | — | $29.68M | — | $26.00M | $4.00M | — |
| Total debt | $47.71M | $6.21M | $38.43M | $53.23M | $55.42M | — | +668.8% |
| Total liabilities | $277.71M | $243.06M | $248.22M | $263.27M | $287.36M | — | +14.3% |
| Retained earnings | -$68.12M | -$52.89M | -$43.57M | -$43.33M | -$67.21M | — | -28.8% |
| Shareholder equity | $190.33M | $205.57M | $159.83M | $146.19M | $122.15M | — | -7.4% |
| Working capital | -$58.69M | -$38.94M | -$29.21M | -$70.80M | -$69.38M | — | -50.7% |
| Net tangible assets | $190.33M | $205.57M | $159.83M | $146.19M | $122.15M | — | -7.4% |
| Shares issued | 47.14M | 47.13M | 43.82M | 42.98M | 42.98M | — | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$15.23M | -$9.32M | -$240.00K | $23.88M | $8.25M | — | -63.4% |
| Depreciation & amortisation | $10.14M | $10.69M | — | — | $5.54M | $14.98M | -5.2% |
| Stock-based compensation | $1.41M | $1.14M | $1.39M | $585.00K | $475.00K | — | +24.1% |
| Change in working capital | $9.27M | $51.42M | $6.73M | $5.40M | $24.53M | — | -82.0% |
| Operating cash flow | -$23.89M | $20.50M | $8.16M | $23.20M | $11.36M | — | -216.6% |
| Capital expenditure | -$26.26M | -$7.68M | -$24.94M | -$19.54M | -$13.04M | — | -241.9% |
| Investing cash flow | -$26.26M | -$7.48M | -$24.77M | -$16.88M | -$13.22M | — | -251.1% |
| Financing cash flow | $41.72M | $14.97M | -$3.50M | -$3.20M | $18.02M | — | +178.6% |
| Free cash flow | -$50.15M | $12.81M | -$16.78M | $3.65M | -$1.68M | — | -491.3% |
| End cash position | $34.93M | $43.36M | $15.37M | $35.48M | $32.37M | — | -19.4% |
Options analytics
Put / call volume
0.37
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
9.00
-39.2% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
1.85K
Contracts, this expiry
Put volume
677
Contracts, this expiry
Heaviest call OI
9.00
0 contracts
Heaviest put OI
13.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.10 | -0.32 | -231.0% |
| Mar 2026 | -0.11 | -0.19 | -71.6% |
| Dec 2025 | -0.02 | 0.01 | +136.4% |
| Sep 2025 | 0.06 | 0.55 | +768.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.09 | 3 | $118.07M | -19.6% |
| Next quarter | 0.08 | 3 | $125.19M | +22.3% |
| Current year | -0.35 | 3 | $446.59M | -4.9% |
| Next year | 0.22 | 3 | $475.86M | +6.6% |
Analyst targets & ownership
Mean target$28.00
High target$29.00
Low target$27.00
Implied upside89.06%
Analyst count3
ConsensusNONE
Strong buy / Buy0 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders8.98%
Held by institutions77.42%
Institutions holding231
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
14.19
+4.38% from price
SMA 20
14.66
+1.02% from price
SMA 50
15.27
-2.99% from price
SMA 100
16.28
-9.04% from price
SMA 200
17.16
-13.68% from price
EMA 12
14.35
+3.20% from price
EMA 26
14.81
+0.03% from price
EMA 50
15.28
-3.10% from price
RSI (14)
49.8
Neutral
MACD (12,26,9)
-0.46
Hist -0.02
ATR (14)
0.67
4.50% of price
Realised vol 30D
42.0%
Annualised
Bollinger upper
16.07
20, 2σ
Bollinger lower
13.25
20, 2σ
50 / 200 cross
Death
15.27 vs 17.16
Trend bias
Below 200
-13.68%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.50
More volatile than market
Correlation to SPY
0.32
Loosely linked
Realised vol 30D
42.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-43.3%
Peak to trough
Max drawdown 5Y
-71.1%
Peak to trough
ATR 14
0.67
4.50% of price
Beta (reported)
0.44
5Y monthly, from filing
Short interest
Shares short
3.89M
Prior 3.37M
Change vs prior
+15.6%
Shorts adding
% of float
10.01%
Elevated
% of shares out
8.26%
Against total outstanding
Days to cover
6.4
Crowded exit
Float
37.44M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 26, 26 | Northland Capital Markets | MAINTAINED | Outperform | Outperform |
| Mar 24, 26 | Jefferies | INITIATED | — | Hold |
| Mar 13, 26 | B. Riley Securities | UPGRADE | Neutral | Buy |
| Sep 25, 25 | Texas Capital Securities | INITIATED | — | Buy |
| Aug 13, 25 | B. Riley Securities | DOWNGRADE | Buy | Neutral |
| May 19, 25 | Northland Capital Markets | INITIATED | — | Outperform |
| Apr 1, 25 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Dec 9, 24 | Alliance Global Partners | INITIATED | — | Buy |
| Nov 13, 24 | B. Riley Securities | MAINTAINED | Buy | Buy |
| May 30, 24 | B. Riley Securities | UPGRADE | Neutral | Buy |
| Aug 30, 23 | B. Riley Securities | MAINTAINED | Neutral | Neutral |
| Jan 17, 23 | B. Riley Securities | DOWNGRADE | Buy | Neutral |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield3.40%
Payout ratio0.00%
Ex-dividend dateJan 30, 2020
Next pay dateFeb 14, 2020
Last split1:10
Split dateJun 4, 1996
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-17
Corporate Changes & Voting Matters
8-K · 2026-08-14
Periodic Financial Reports
10-Q · 2026-08-10
Corporate Changes & Voting Matters
8-K · 2026-06-26
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-06-05
Corporate Changes & Voting Matters
8-K · 2026-06-03
Corporate Changes & Voting Matters
8-K · 2026-06-02
Headlines
Hallador Energy (HNRG) Closes $600M Loan. Can it Fund its New Power Plant?
Insider Monkey · 14d ago
Update: Hallador Energy Shares Rise After Closing Up to $675 Million in Debt Financing for Turtle Creek Project
MT Newswires · 20d ago
Hallador Energy Closes Up to $675 Million in Debt Financing for Turtle Creek Gas Project
MT Newswires · 20d ago
Hallador Secures Up to $675 Million Debt Financing for Turtle Creek Gas
GlobeNewswire · 20d ago
Hallador Energy (HNRG) Q2 2026 Earnings Call Transcript
Motley Fool · 50d ago
Hallador Energy Company Q2 2026 Earnings Call Summary
Moby · 57d ago
Hallador Energy Co (HNRG) (Q2 2026) Earnings Call Highlights: Strategic Gas Project Advances ...
GuruFocus.com · 57d ago
Hallador Energy Q2 Earnings Call Highlights
MarketBeat · 57d ago
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