Hallador Energy (HNRG)
NASDAQ:HNRG
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of significant long‑term strategic wins and near‑term operational challenges. Positives include a material 12‑year capacity agreement (expected to generate >$1B), a forward sales book of ~ $1.2B (excluding the new long‑term deal), elimination of bank debt, and materially improved liquidity and a new flexible credit facility — all of which materially strengthen the company’s financial position and long‑duration revenue visibility. Offsetting these achievements were near‑term operational disruptions at the Merom plant that drove lower electric sales (‑24.2% y/y), a swing to a Q1 net loss of $9.3M from prior year $10M income, a steep decline in adjusted EBITDA (‑71.5%), reduced operating cash flow (‑46.6%), and a planned outage that will pressure Q2 results. Management framed the weakness as temporary and actionable via reliability investments and noted that the long‑term market dynamics (capacity tightening and future energy upside) support the strategic path forward.Company Guidance
Signed 12‑Year Capacity Agreement Worth >$1 Billion (Pending Regulatory Approval)
Subsequent to quarter end Hallador executed a 12‑year capacity agreement with a utility subsidiary expected to generate more than $1.0 billion of contracted revenue from 2028 through 2040 at pricing levels more than 2x historical contracted capacity pricing; combined with a March 3‑year agreement the two capacity‑only sales total approximately $1.1 billion and place the company in a substantially sold‑forward position on accredited capacity for ~14 consecutive years (initial smaller 2028 volume rising to ~2/3 of accredited capacity from 2029–2040).
Forward Sales Book and Contracted Revenue Visibility (~$1.2B)
As of March 31, 2026 the forward energy capacity sales position was $571.2 million (up from $543.5M at 12/31/25) and third‑party forward coal sales were $288.4 million, bringing the reported forward sales book to approximately $1.2 billion (this figure excludes the new 12‑year agreement).
Material Balance Sheet and Liquidity Improvement
No outstanding bank debt at March 31, 2026 (versus $29.7M at 12/31/25) and total liquidity improved to $97.5 million (up from $38.8M at 12/31/25 and $69.0M at 3/31/25), providing greater financial flexibility to fund maintenance, development and commercial opportunities.
New Credit Facility Provides Additional Financial Flexibility
Entered a new credit agreement including a $75 million revolving credit facility and a $45 million delayed draw term loan (total initial capacity $120M) with maturity in March 2029 and an accordion feature to increase capacity if needed.
External Coal Sales Momentum
Third‑party coal sales increased to $35.1 million in Q1 2026 from $30.2 million in Q1 2025, a +16.2% year‑over‑year increase driven by improved pricing and ability to supply both internal needs and external customers.
Strategic Optionality Retained on Energy
The 12‑year agreement is capacity‑only (no energy committed), intentionally preserving exposure to potential upside in merchant energy markets while locking in attractive long‑duration capacity revenue.
Development Pipeline and Transition Strategy
Management continues to evaluate a proposed 515 MW combustion turbine under MISO ERAS and dual‑fuel initiatives for existing generation to transition Hallador toward a multi‑fuel independent power producer; ERAS pickup expected in June with a decision timeline in September if pursued.
HNRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HNRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $18.55 | $18.87 | +1.73% |
Mar 12, 2026 | $19.33 | $17.10 | -11.54% |
Nov 10, 2025 | $20.01 | $23.81 | +18.99% |
Aug 11, 2025 | $19.62 | $18.26 | -6.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hallador Energy (HNRG) report earnings?
Hallador Energy (HNRG) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Hallador Energy (HNRG) earnings time?
Hallador Energy (HNRG) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HNRG EPS forecast?
HNRG EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.