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Stocks · Utilities · Electric Services

HALLADOR ENERGY CO

HNRG Clue Score76
United States Fiscal year ends December CIK 0000788965
$13.92 -4.00% Close, 9 Oct 2026
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Price $13.92 +249.75% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue281.5Net income12.5Fiscal year 2017Revenue271.6 −3.5%Net income33.1 +164.4%Fiscal year 2018Revenue293.6 +8.1%Net income7.6 −77.0%Fiscal year 2019Revenue317.4 +8.1%Net income−59.9 −885.4%Fiscal year 2020Revenue242.1 −23.7%Operating income3.1Net income−6.2Fiscal year 2021Revenue243.9 +0.8%Operating income−6.0Net income−3.8EPS, diluted−0.12Fiscal year 2022Revenue362.0 +48.4%Operating income30.4Net income18.1EPS, diluted0.55Fiscal year 2023Revenue634.9 +75.4%Operating income65.0Net income44.8 +147.4%EPS, diluted1.25 +127.3%Fiscal year 2024Revenue404.2 −36.3%Operating income−218.4Net income−226.1 −604.9%EPS, diluted−5.72 −557.6%Fiscal year 2025Revenue469.5 +16.2%Operating income61.1Net income41.9EPS, diluted0.96
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 281.5 271.6 293.6 317.4 242.1 243.9 362.0 634.9 404.2 469.5
Growth −3.5% +8.1% +8.1% −23.7% +0.8% +48.4% +75.4% −36.3% +16.2%
Operating income n/a n/a n/a n/a 3.1 −6.0 30.4 65.0 −218.4 61.1
Net income 12.5 33.1 7.6 −59.9 −6.2 −3.8 18.1 44.8 −226.1 41.9
Growth +164.4% −77.0% −885.4% +147.4% −604.9%
EPS, diluted n/a n/a n/a n/a n/a −0.12 0.55 1.25 −5.72 0.96
Growth +127.3% −557.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Net margin4.4%Fiscal year 2017Net margin12.2%Fiscal year 2018Net margin2.6%Fiscal year 2019Net margin−18.9%Free cash flow margin0.9%Fiscal year 2020Operating margin1.3%Net margin−2.6%Free cash flow margin13.2%Fiscal year 2021Operating margin−2.5%Net margin−1.5%Free cash flow margin8.2%Fiscal year 2022Operating margin8.4%Net margin5.0%Free cash flow margin0.0%Fiscal year 2023Operating margin10.2%Net margin7.1%Free cash flow margin−2.5%Fiscal year 2024Operating margin−54.0%Net margin−56.0%Free cash flow margin3.1%Fiscal year 2025Operating margin13.0%Net margin8.9%Free cash flow margin2.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a n/a n/a 1.3% −2.5% 8.4% 10.2% −54.0% 13.0%
Net margin 4.4% 12.2% 2.6% −18.9% −2.6% −1.5% 5.0% 7.1% −56.0% 8.9%
Free cash flow margin n/a n/a n/a 0.9% 13.2% 8.2% 0.0% −2.5% 3.1% 2.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow60.9Dividends paid−4.8Fiscal year 2017Operating cash flow65.8Dividends paid−4.9Fiscal year 2018Operating cash flow51.6Dividends paid−4.9Fiscal year 2019Operating cash flow38.2Capital expenditure−35.5Free cash flow2.7Dividends paid−5.0Fiscal year 2020Operating cash flow52.6Capital expenditure−20.7Free cash flow31.9 +1,076.7%Dividends paid−1.2Fiscal year 2021Operating cash flow48.0Capital expenditure−28.1Free cash flow19.9 −37.5%Dividends paid0.0Fiscal year 2022Operating cash flow54.2Capital expenditure−54.0Free cash flow0.1 −99.3%Fiscal year 2023Operating cash flow59.4Capital expenditure−75.4Free cash flow−15.9 −10,796.6%Fiscal year 2024Operating cash flow65.9Capital expenditure−53.4Free cash flow12.6Fiscal year 2025Operating cash flow81.1Capital expenditure−69.2Free cash flow11.9 −5.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 60.9 65.8 51.6 38.2 52.6 48.0 54.2 59.4 65.9 81.1
Capital expenditure n/a n/a n/a −35.5 −20.7 −28.1 −54.0 −75.4 −53.4 −69.2
Free cash flow n/a n/a n/a 2.7 31.9 19.9 0.1 −15.9 12.6 11.9
Growth +1,076.7% −37.5% −99.3% −10,796.6% −5.2%
Dividends paid −4.8 −4.9 −4.9 −5.0 −1.2 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash9.8Total debt238.6Net cash (debt)−228.8Shareholders’ equity216.9Debt to equity1.10Fiscal year 2017Cash12.5Total debt202.0Net cash (debt)−189.5Shareholders’ equity249.3Debt to equity0.81Fiscal year 2018Cash15.5Total debt188.5Net cash (debt)−173.0Shareholders’ equity254.9Debt to equity0.74Fiscal year 2019Cash8.8Total debt173.6Net cash (debt)−164.8Shareholders’ equity191.5Debt to equity0.91Fiscal year 2020Cash8.0Total debt131.6Net cash (debt)−123.6Shareholders’ equity185.3Debt to equity0.71Fiscal year 2021Cash2.5Total debt107.8Net cash (debt)−105.2Shareholders’ equity182.2Debt to equity0.59Fiscal year 2022Cash3.0Total debt82.7Net cash (debt)−79.7Shareholders’ equity215.0Debt to equity0.38Fiscal year 2023Cash2.8Total debt87.9Net cash (debt)−85.0Shareholders’ equity268.6Debt to equity0.33Fiscal year 2024Cash7.2Total debt41.5Net cash (debt)−34.3Shareholders’ equity104.3Debt to equity0.40Fiscal year 2025Cash10.1Total debt29.7Net cash (debt)−19.6Shareholders’ equity159.8Debt to equity0.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.8 12.5 15.5 8.8 8.0 2.5 3.0 2.8 7.2 10.1
Total debt 238.6 202.0 188.5 173.6 131.6 107.8 82.7 87.9 41.5 29.7
Net cash (debt) −228.8 −189.5 −173.0 −164.8 −123.6 −105.2 −79.7 −85.0 −34.3 −19.6
Shareholders’ equity 216.9 249.3 254.9 191.5 185.3 182.2 215.0 268.6 104.3 159.8
Debt to equity 1.10 0.81 0.74 0.91 0.71 0.59 0.38 0.33 0.40 0.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a 1.3% −2.5% 8.4% 10.2% −54.0% 13.0%
3.0% 5.1% 1.2% −25.9% −3.7% −1.5% 5.5% 7.8% −58.3% 9.3%
4.4% 12.2% 2.6% −18.9% −2.6% −1.5% 5.0% 7.1% −56.0% 8.9%
n/a n/a n/a 0.9% 13.2% 8.2% 0.0% −2.5% 3.1% 2.5%
Spending
3.7% 5.5% 4.0% 4.0% 4.8% 6.1% 4.5% 4.1% 6.6% 5.6%
n/a n/a n/a 11.2% 8.5% 11.5% 14.9% 11.9% 13.2% 14.7%
−47.5% −138.3% −114.9% n/a n/a n/a 8.8% 9.1% n/a 4.2%
Returns
5.8% 13.3% 3.0% −31.3% −3.4% −2.1% 8.4% 16.7% −216.8% 26.2%
2.4% 6.4% 1.5% −14.1% −1.6% −1.1% 2.9% 7.6% −61.3% 10.3%
Balance and payout
1.10 0.81 0.74 0.91 0.71 0.59 0.38 0.33 0.40 0.19
59.2% 51.9% 49.8% 54.1% 50.7% 47.4% 65.9% 54.5% 71.7% 60.8%
38.4% 14.8% 64.8% n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a 183.2% 3.9% 0.0% n/a n/a n/a n/a