Hallador Energy Company (HNRG) AI Stock Analysis

• Market Cap: $758.61M
• Dividend Yield: N/A
• Average Volume (3M): 568.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: 7.60%
• EPS Growth: -591.73%
• Country: US
• Employees: 615
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): 0.55
• Shares Outstanding: 43,825,005
• 10 Day Avg. Volume: 539,077
• 30 Day Avg. Volume: 568,277
• PEG Ratio: <0.01
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 4.77
• P/FCF Ratio: 35.99
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 3.12
• Enterprise Value/Ebitda: -7.69
• 1Y Price Target: $28.50
• Price Target Upside: 55.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.79
• Revenue Forecast (FY): $470.89M

• Rating: 60 Neutral
• Price Target: $22.00 ▲(19.70% Upside)

Hallador Energy's overall stock score reflects a mixed financial performance with strong revenue growth but profitability challenges. Technical indicators show a positive trend, while valuation remains a concern due to negative earnings. The earnings call provided a positive outlook with significant improvements and growth initiatives. The recent executive appointment is a strategic move to enhance financial oversight.

Positive Factors

Revenue Growth

A 40% revenue increase highlights strong market demand and effective sales strategies, indicating robust growth potential in the energy sector.

Cash Flow Generation

Strong free cash flow growth enhances liquidity, supporting operational stability and enabling strategic investments for future growth.

Capacity Expansion Plans

Expanding capacity at Meramec aligns with growth strategy, potentially increasing market share and revenue through enhanced generation capabilities.

Negative Factors

Profitability Challenges

Negative net profit margin indicates ongoing profitability issues, which could hinder long-term financial sustainability and investor confidence.

Operational Inefficiencies

Negative EBIT and EBITDA margins suggest inefficiencies in operations, potentially impacting cost management and long-term competitiveness.

Credit Agreement Uncertainty

Unresolved credit refinancing creates uncertainty, potentially affecting financial flexibility and increasing risk of unfavorable terms.

Hallador Energy Company Business Overview & Revenue Model

Company Description

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Haute, Indiana.

How the Company Makes Money

Hallador Energy Company generates revenue primarily through the sale of thermal coal to utility companies and industrial users. The company's revenue model is based on long-term contracts and spot market sales, allowing it to capitalize on fluctuations in coal demand and pricing. Key revenue streams include sales from its mining operations, which are supported by its efficient extraction methods and cost management strategies. Additionally, Hallador may benefit from partnerships with utility companies and other entities that require coal for power generation, providing a stable customer base. Factors contributing to its earnings include coal market pricing, production volume, operational efficiency, and regulatory environment affecting coal usage.

Hallador Energy Company Financial Statement Overview

Summary

Hallador Energy Company shows a mixed financial performance. While revenue growth and gross margins are positive, the company faces challenges with profitability and operational efficiency. The balance sheet is stable with low leverage, but returns on equity are negative. Cash flow generation is strong, providing liquidity support despite net losses.

Income Statement

The income statement shows a mixed performance. The TTM gross profit margin is strong at 54%, indicating good cost management. However, the net profit margin is negative, reflecting significant losses. Revenue growth is positive at 9.95% TTM, but the EBIT and EBITDA margins are negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet indicates a stable financial position with a low debt-to-equity ratio of 0.14 TTM, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively healthy, showing a solid equity base.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth of 109.15% TTM, which is a positive sign of liquidity. The operating cash flow to net income ratio is moderate, suggesting that cash generation from operations is not fully covering net losses. The free cash flow to net income ratio is positive, indicating some level of cash profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	461.74M	404.39M	634.88M	361.99M	247.67M	244.24M
Gross Profit	277.91M	225.80M	331.63M	95.38M	48.83M	58.28M
EBITDA	-112.90M	-157.81M	126.95M	75.01M	44.76M	41.43M
Net Income	-173.68M	-226.14M	44.79M	18.11M	-3.75M	-6.22M
Balance Sheet
Total Assets	409.46M	369.12M	589.78M	654.08M	353.98M	384.13M
Cash, Cash Equivalents and Short-Term Investments	12.66M	7.23M	2.84M	6.43M	2.55M	12.07M
Total Debt	10.54M	53.05M	94.54M	102.20M	107.77M	142.22M
Total Liabilities	263.27M	264.83M	321.19M	439.05M	167.75M	194.87M
Stockholders Equity	146.19M	104.28M	268.59M	215.02M	182.24M	185.26M
Cash Flow
Free Cash Flow	53.89M	12.57M	-15.94M	149.00K	19.92M	31.89M
Operating Cash Flow	111.93M	65.93M	59.41M	54.17M	47.97M	52.58M
Investing Cash Flow	-52.02M	-46.47M	-75.29M	-53.37M	-27.52M	-18.19M
Financing Cash Flow	-34.07M	-14.43M	16.57M	-207.00K	-26.69M	-35.63M

Hallador Energy Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNRG, the sentiment is Negative. The current price of 18.38 is below the 20-day moving average (MA) of 20.24, below the 50-day MA of 20.51, and above the 200-day MA of 17.02, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 41.19 is Neutral, neither overbought nor oversold. The STOCH value of 17.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HNRG.

Hallador Energy Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NRP	67 Neutral	$1.34B	9.34	26.19%	4.13%	-14.79%	-17.10%
NC	67 Neutral	$376.96M	12.98	7.04%	1.95%	25.35%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SXC	64 Neutral	$606.20M	9.41	9.61%	6.70%	-6.44%	-24.68%
HNRG	60 Neutral	$758.61M	-4.49	-74.70%	―	7.60%	-591.73%
METC	52 Neutral	$882.00M	-24.72	-7.40%	3.32%	-16.99%	-184.02%
AREC	40 Underperform	$215.97M	-4.65	―	―	-76.24%	-8.61%

Hallador Energy Company Corporate Events

Hallador Energy Appoints New Chief Accounting Officer

On December 1, 2025, Hallador Energy Company appointed Eric Van Deman as the Chief Accounting Officer and Senior Vice President. Mr. Van Deman, who previously held significant roles at Liberty Global plc and KPMG LLP, brings extensive experience in accounting policy and audit practices to Hallador Energy. His compensation package includes a base salary, bonus eligibility, and restricted stock units. This strategic appointment is expected to strengthen the company’s financial leadership and operational oversight.