Hallador Energy Company (HNRG) Stock Price & Analysis

Hallador Energy Company (HNRG) is trading at USD 10.97, down 2.24% today, as of October 23, 2026 at 15:08 UTC (US market open; quotes may be delayed), according to Nexqual market data.

HNRG last closed at USD 10.97; today's session has ranged USD 10.75–11.13 on volume of 165,821 shares. Market capitalization is —, with a 52-week range of USD 10.73–24.7 (NCM). Source: Nexqual, retrieved October 23, 2026 at 15:08 UTC.

Also available as compact Markdown for AI agents: nexqual.com/HNRG.md

Key facts (HNRG)

• Last four reported quarters (through Jun 30, 2026): revenue $452M, net income -$912K (-0.2% margin), free cash flow -$50.5M (SEC filings).
• Insider open-market purchases, last ~7 months: 5 Form 4 filings, $675K; 0 by opportunistic insiders, 0 by routine insiders.
• Total return with dividends: 1Y -44.7% vs S&P 500 +14.8%; 5Y +239.6% vs S&P 500 +77.5%.
• Next earnings: 2026-11-09, EPS estimate USD 0.09, revenue estimate $118M.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HNRG)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (HNRG)

P/E at fiscal year-ends: Dec 2025 19.7x, Dec 2023 7.3x.

Insider purchases (SEC Form 4, open-market, last ~7 months) (HNRG)

5 purchases, $675K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Total return (dividends reinvested) (HNRG)

HNRG revenue by business segment (quarter ended Jun 30, 2026)

HNRG revenue by product line (quarter ended Jun 30, 2026)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

HNRG suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Mar 12, 2026.

HNRG customer concentration

In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (23.4%, 10.1%) of revenue, per the company's 10-K filed Mar 12, 2026. The company does not name them.

HNRG company outlook (results filed Aug 10, 2026)

• “Gas Project Budget Reduced Below $800 Million ​ - Turtle Creek COD Expedited to the Second Half of 2028 - ​ - Contracted Forward Sales Reach $2.4 Billion at the Segment Level - ​ - Management to Host Conference Call Today at 5:00 p.m.”
• “This progress moves us closer to a final investment decision on a 460 MW peaking project that would meaningfully expand and diversify our dispatchable generation platform.”
• “With the scheduled outage behind us and the reliability investments in place, we believe Merom is positioned to run more reliably going forward, and we expect generation volumes to improve sequentially in the third quarter." ​ Turtle Creek Update ​ The project's interconnection application entered MISO's Expedited Resource Addition Study ("ERAS") process on June 2, 2026.”
• “Certain contracted forward sales positions included above are subject to approval by the Indiana Utility Regulatory Commission, which the Company expects on or before November 15, 2026.”

Quoted word-for-word from the SEC 8-K results press release.

HNRG analyst estimates and revisions

HNRG options: expected move

Options price a move of about ±18.5% (±$2.08) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±13.1% on average.

30-day implied volatility 72.4% vs 64.5% realized over the last 30 trading days. Put/call ratio (volume) 0.16. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 15:08 UTC)

Technical Analysis (HNRG)

Nexqual's technical model rates HNRG "SELL" based on 2 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 15:08 UTC.

Earnings (HNRG)

Recent Earnings History

Source: Nexqual, October 23, 2026 at 15:08 UTC.

Financials & Fundamentals (HNRG)

Source: Nexqual, October 23, 2026 at 15:08 UTC.

Ownership (HNRG)

Source: Nexqual, October 23, 2026 at 15:08 UTC.

From Hallador Energy Company's Latest SEC 10-K Filing (filed 2026-03-12)

Key Strengths & Strategy (as disclosed to the SEC)

• Hallador Energy Company ("Hallador" or the "Company") is a vertically integrated, independent power producer ("IPP") and fuel company with operations primarily in Indiana.

Partnerships

• As of October 1, 2022, the trust fund was funded by an excise tax on production of up to $1.10 per ton of coal from underground mines and up to $0.55 per ton of coal from surface mines, neither amount to exceed 4.4% of the gross sales price.

Legal & Regulatory Risks (Item 1A, quoted)

• Litigation resulting from disputes with our customers could result in substantial costs, liabilities, and loss of revenues.
• Our Electric and Coal Operations are subject to extensive and costly laws and regulations, and such current and future laws and regulations could increase current operating costs or limit our ability to produce coal.
• Changes in the U.S. political environment, including those resulting from the new in Presidential Administration and control of Congress, and to regulatory agencies, may result in significant changes to regulatory framework and enforcements.
• The Russian-Ukrainian conflict, and sanctions brought against Russia, as well as other disruptions throughout Europe and the Middle East have caused significant market disruptions that may lead to increased volatility in the price of commodities.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:08 UTC. This page is informational and not investment advice.

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