Hallador Energy (NASDAQ:HNRG) Issues Earnings Results

Hallador Energy (NASDAQ:HNRG) issued its quarterly earnings results on Wednesday. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04), Zacks reports. The firm had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%.

Here are the key takeaways from Hallador Energy’s conference call:

• Hallador signed a 12‑year capacity agreement (pending IURC approval in H2 2026) expected to generate more than $1 billion of contracted revenue from 2028–2040 at pricing over twice historical contracted capacity rates, and together with the March three‑year deal places roughly 14 years of accredited capacity substantially sold forward (~$1.1B total).
• Q1 operational issues at the Merom plant — availability constraints and outage‑related replacement power — reduced generation, produced a net loss of $9.3M (Adjusted EBITDA $5.5M), and have led to a planned maintenance outage extending into Q2.
• The company strengthened its balance sheet, exiting the quarter with no outstanding bank debt, total liquidity of $97.5 million, and a new credit facility (a $75M revolver and $45M delayed draw) that management says funds reliability investments and strategic growth initiatives.
• Management is intentionally selling capacity while retaining merchant energy exposure to capture future energy upside as large loads (notably data centers) come online, and is evaluating dual‑fuel conversions, a proposed 515 MW combustion turbine under MISO ERAS, and selective M&A — all contingent on further approvals, equipment/EPC availability, and economic alignment.

Hallador Energy Price Performance

Shares of NASDAQ:HNRG traded up $0.89 on Wednesday, reaching $18.55. 2,668,930 shares of the company traded hands, compared to its average volume of 945,837. Hallador Energy has a fifty-two week low of $14.42 and a fifty-two week high of $24.70. The company’s 50 day moving average is $16.90 and its 200-day moving average is $18.81. The stock has a market capitalization of $874.26 million, a PE ratio of 19.32 and a beta of 0.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23.

More Hallador Energy News

Here are the key news stories impacting Hallador Energy this week:

• Positive Sentiment: The company signed a 12‑year capacity agreement (2028–2040) expected to generate over $1 billion of contracted revenue and at pricing “more than 2x historical capacity pricing,” improving long‑term revenue visibility; the deal is subject to Indiana regulatory approval. GlobeNewswire: Hallador signs 12‑year agreement
• Positive Sentiment: Board governance strengthened: Hallador’s board created a Risk Oversight Committee (announced May 1), which investors view as a governance improvement that may reduce regulatory/execution risk around big contracts and operations. TipRanks: Board Risk Oversight Committee
• Neutral Sentiment: Management discussed the Q1 results and the capacity deal on the Q1 2026 earnings call; the transcript offers detail on timing, regulatory next steps for the capacity agreement, and near‑term operational priorities — useful for assessing execution risk and cash‑flow timing. Seeking Alpha: Q1 2026 earnings call transcript
• Negative Sentiment: Near‑term financials were weak: Q1 GAAP net loss ~$9.3M (EPS -$0.20) missed estimates by $0.04 and revenue of $101.8M slightly missed consensus; Adj. EBITDA was only $5.5M. The deal improves long‑term visibility, but current profitability and cash flow remain strained. Zacks: Q1 loss, misses revenue estimates

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HNRG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hallador Energy in a research note on Tuesday, April 21st. B. Riley Financial raised Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Jefferies Financial Group raised Hallador Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 26th. Zacks Research lowered Hallador Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded Hallador Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hallador Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.63.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hallador Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock valued at $187,000 after acquiring an additional 624 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Hallador Energy by 92.5% during the 4th quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 679 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hallador Energy during the 2nd quarter valued at $27,000. Price T Rowe Associates Inc. MD lifted its position in shares of Hallador Energy by 10.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,208 shares of the energy company’s stock valued at $347,000 after acquiring an additional 1,746 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Hallador Energy by 1.9% in the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company’s stock valued at $1,271,000 after purchasing an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.