# Hallador Energy Co: overview

HNRG · Nasdaq · CIK 788965 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/hnrg.md) · [Financials](/companies/hnrg/financials.md) · [Filings](/companies/hnrg/filings.md) · [Insiders](/companies/hnrg/insiders.md)

Latest reported revenue: [$101.5m](/filings/0001104659-26-093468.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-093468).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [105](/filings/0001104659-25-109301.md) | [93.4 d](/filings/0001104659-26-027174.md) | [118](/filings/0001104659-26-056375.md) | [103](/filings/0001104659-26-093468.md) | [147](/filings/0001104659-25-109301.md) | [102 d](/filings/0001104659-26-027174.md) | [102](/filings/0001104659-26-056375.md) | [102](/filings/0001104659-26-093468.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [4.5%](/filings/0001104659-25-109301.md) | [(234.0%) d](/filings/0001104659-26-027174.md) | [11.8%](/filings/0001104659-26-056375.md) | [11.5%](/filings/0001104659-26-093468.md) | [19.8%](/filings/0001104659-25-109301.md) | [6.1% d](/filings/0001104659-26-027174.md) | [(5.6%)](/filings/0001104659-26-056375.md) | [(12.5%)](/filings/0001104659-26-093468.md) |
| Net margin | % | [1.5%](/filings/0001104659-25-109301.md) | [(231.1%) d](/filings/0001104659-26-027174.md) | [8.5%](/filings/0001104659-26-056375.md) | [8.0%](/filings/0001104659-26-093468.md) | [16.3%](/filings/0001104659-25-109301.md) | [(0.2%) d](/filings/0001104659-26-027174.md) | [(9.2%)](/filings/0001104659-26-056375.md) | [(15.0%)](/filings/0001104659-26-093468.md) |
| Diluted EPS | $ per share | [0.04](/filings/0001104659-25-109301.md) | not reported | [0.23](/filings/0001104659-26-056375.md) | [0.19](/filings/0001104659-26-093468.md) | [0.55](/filings/0001104659-25-109301.md) | not reported | [(0.20)](/filings/0001104659-26-056375.md) | [(0.32)](/filings/0001104659-26-093468.md) |
| Free cash flow | $m | [(24.5) d](/filings/0001104659-25-109301.md) | [25.2 d](/filings/0001104659-26-027174.md) | [26.7](/filings/0001104659-26-056375.md) | [(1.7) d](/filings/0001104659-26-093468.md) | [3.7 d](/filings/0001104659-25-109301.md) | [(16.8) d](/filings/0001104659-26-027174.md) | [12.8](/filings/0001104659-26-056375.md) | [(50.2) d](/filings/0001104659-26-093468.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [244](/filings/0001437749-22-007411.md) | [362](/filings/0001437749-24-007870.md) | [635](/filings/0001558370-25-003141.md) | [404](/filings/0001104659-26-027174.md) | [469](/filings/0001104659-26-027174.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(2.5%)](/filings/0001437749-23-006932.md) | [8.4%](/filings/0001437749-24-007870.md) | [10.2%](/filings/0001558370-25-003141.md) | [(54.0%)](/filings/0001104659-26-027174.md) | [13.0%](/filings/0001104659-26-027174.md) |
| Net margin | % | [(1.5%)](/filings/0001437749-23-006932.md) | [5.0%](/filings/0001437749-24-007870.md) | [7.1%](/filings/0001558370-25-003141.md) | [(56.0%)](/filings/0001104659-26-027174.md) | [8.9%](/filings/0001104659-26-027174.md) |
| Diluted EPS | $ per share | [(0.12)](/filings/0001437749-23-006932.md) | [0.55](/filings/0001437749-24-007870.md) | [1.25](/filings/0001558370-25-003141.md) | [(5.72)](/filings/0001104659-26-027174.md) | [0.96](/filings/0001104659-26-027174.md) |
| Free cash flow | $m | [19.9](/filings/0001437749-23-006932.md) | [0.1](/filings/0001437749-24-007870.md) | [(15.9)](/filings/0001558370-25-003141.md) | [12.6](/filings/0001104659-26-027174.md) | [11.9](/filings/0001104659-26-027174.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hnrg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Lubar & Co., Inc](/funds/1473033.md) | 2026-06-30 | $94.8m | 5,452,019 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $49.6m | 2,851,856 |  | Added +457,110 |
| [Point72 Asset Management, L.P.](/funds/1603466.md) | 2026-06-30 | $36.9m | 2,121,228 |  | Added +219,974 |
| [AEGIS FINANCIAL CORP](/funds/1140753.md) | 2026-06-30 | $31.5m | 1,812,026 |  | Reduced −2,000 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $29.5m | 1,695,845 |  | Reduced −63,966 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $26.6m | 1,531,550 |  | Added +45,721 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $26.4m | 1,518,138 |  | Added +135,011 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $18.1m | 1,043,820 |  | Added +20,837 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $17.1m | 980,431 |  | Reduced −10,309 |
| [HIGHLAND PEAK CAPITAL, LLC](/funds/1961320.md) | 2026-06-30 | $16.5m | 947,219 |  | New +947,219 |

## Recent filings

[All 711 filings](/companies/hnrg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-08 | 12:59 ET | [8-K](/filings/0001628280-26-065410.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-065410 |
| 2026-09-17 | 12:05 ET | [8-K](/filings/0001104659-26-108429.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-108429 |
| 2026-08-14 | 20:35 ET | [8-K](/filings/0001104659-26-097263.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-097263 |
| 2026-08-10 | 21:20 ET | [10-Q](/filings/0001104659-26-093468.md) | Quarterly report, period 2026-06-30 | 0001104659-26-093468 |
| 2026-08-10 | 21:00 ET | [8-K](/filings/0001104659-26-093446.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-093446 |
| 2026-06-26 | 21:06 ET | [8-K](/filings/0000788965-26-000006.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000788965-26-000006 |
| 2026-06-11 | 21:28 ET | [8-K](/filings/0000788965-26-000004.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000788965-26-000004 |
| 2026-06-05 | 20:23 ET | [8-K](/filings/0000788965-26-000002.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000788965-26-000002 |
| 2026-06-03 | 20:30 ET | [8-K](/filings/0001104659-26-070122.md) | 1.04 Item not in the standard list | 0001104659-26-070122 |
| 2026-06-02 | 10:00 ET | [8-K](/filings/0001104659-26-069138.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-069138 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-027174.md), filed Mar 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d853aeef-fb55-4c89-a619-3605ed52b6c7)

## About the filer

- CIK: 788965
- Tickers: HNRG
- Exchange: Nasdaq
- SIC code: 4911 Electric Services
- State of incorporation: CO
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:24 ET. No prices; not investment advice.