Hallador Energy Company (HNRG) AI Stock Analysis

• Market Cap: $871.68M
• Dividend Yield: N/A
• Average Volume (3M): 553.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• 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: 611,840
• 30 Day Avg. Volume: 553,612
• 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: 1.00
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 3.12
• Enterprise Value/Ebitda: -7.69
• 1Y Price Target: $28.50
• Price Target Upside: 43.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.56
• Revenue Forecast (FY): $462.61M

• Rating: 60 Neutral
• Price Target: $21.50 ▲(8.09% Upside)

Hallador Energy's overall stock score is driven by strong earnings call performance and positive technical indicators. However, financial performance challenges and a poor valuation score due to negative profitability metrics weigh down the score. The company's strategic initiatives and liquidity improvements provide a positive outlook, but uncertainties in future performance and credit refinancing remain concerns.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective sales strategies, positioning Hallador Energy for sustained financial performance.

Capacity Expansion

Expanding capacity at Meramec aligns with strategic growth initiatives, enhancing Hallador's ability to meet future energy demands and increase market share.

Cash Flow Strength

Robust cash flow growth supports liquidity and capital investments, ensuring operational stability and financial flexibility for long-term growth.

Negative Factors

Negative Profit Margins

Negative profit margins highlight ongoing profitability challenges, potentially limiting reinvestment capacity and affecting long-term financial health.

Credit Refinancing Uncertainty

Uncertainty in credit refinancing could impact financial stability and capital availability, posing risks to future strategic initiatives.

Operational Inefficiencies

Negative EBIT and EBITDA margins indicate operational inefficiencies, which may hinder cost management and profitability improvements over time.

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: Neutral
• Last Price: 19.89
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HNRG, the sentiment is Neutral. The current price of 19.89 is below the 20-day moving average (MA) of 20.64, below the 50-day MA of 20.17, and above the 200-day MA of 16.27, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 23.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$1.38B	9.64	26.19%	4.00%	-14.79%	-17.10%
NC	67 Neutral	$357.94M	12.32	7.04%	1.88%	25.35%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SXC	62 Neutral	$548.63M	8.52	9.61%	7.41%	-6.44%	-24.68%
HNRG	60 Neutral	$871.68M	―	-74.70%	―	7.60%	-591.73%
METC	48 Neutral	$997.48M	-26.84	-7.40%	3.06%	-16.99%	-184.02%
AREC	40 Underperform	$265.65M	―	―	―	-76.24%	-8.61%

Hallador Energy Company Corporate Events

Hallador Energy’s Earnings Call Highlights Robust Growth

The recent earnings call for Hallador Energy reflected a robust financial performance, marked by significant gains in revenue, net income, and EBITDA. The company is actively exploring growth opportunities, such as a potential capacity expansion at Meramec. Despite some uncertainties regarding future performance and ongoing credit agreement refinancing, the overall sentiment was positive, with highlights significantly outweighing any lowlights.

Hallador Energy Reports Strong Q3 2025 Earnings

Hallador Energy Company is a diversified energy company engaged in electric power generation and coal mining, primarily operating in the Illinois Basin. The company reported significant growth in its latest earnings report, with a notable increase in both electric and coal sales. For the quarter ended September 30, 2025, Hallador Energy’s total sales and operating revenues rose to $146.8 million from $105.1 million in the same period last year. This was driven by a substantial increase in electric sales, which climbed to $93.2 million, and coal sales, which increased to $51.2 million. The company also reported a net income of $23.9 million, a significant improvement from $1.6 million in the previous year, reflecting strong operational performance and cost management. Hallador Energy’s strategic focus on its electric operations and coal mining efficiency has resulted in improved EBITDA margins for both segments. The electric operations segment benefitted from increased delivered energy revenues, while the coal operations segment saw a rise in coal sales to third-party customers. The company’s management remains optimistic about its future prospects, highlighting ongoing efforts to refinance its credit agreement and maintain liquidity. Hallador Energy is poised to continue its growth trajectory by leveraging its diversified energy portfolio and operational efficiencies.

Hallador Energy’s Earnings Call Highlights Strategic Growth

Hallador Energy’s recent earnings call conveyed a generally positive sentiment, highlighting strong financial performance and strategic initiatives aimed at enhancing operational flexibility and securing long-term agreements. Despite facing some seasonal and operational challenges, the company demonstrated resilience and a forward-looking approach to growth.