| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 1 | 1 | — | — | — | — | — | 3 | 2 | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.04 |
—
|
| 2019 | 0.16 |
—
—
—
—
|
| 2018 | 0.16 |
—
—
—
—
|
| 2017 | 0.16 |
—
—
—
—
|
| 2016 | 0.16 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 7.12 | 12.15 | 15.37 | 34.93 |
| Receivables | 19.94 | 15.44 | 13.99 | 14.40 |
| Inventory | 61.95 | 75.79 | 88.39 | 99.17 |
| Other | 1.54 | — | — | — |
| 92.81 | 104.86 | 123.39 | 150.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 62.91 | 44.30 | 41.85 | 64.64 |
| ST’ Debt | 24.44 | 4.10 | — | 3.75 |
| Other | 66.32 | 97.60 | 103.34 | 136.46 |
| 157.60 | 152.90 | 152.60 | 208.69 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 101.81 | 101.51 | — | — |
—
|
| ’25 | 117.72 | 102.83 | 146.85 | 102.07 |
469.47
|
| ’24 | 111.57 | 93.83 | 105.16 | 93.61 |
404.16
|
| ’23 | 188.33 | 161.19 | 165.77 | 119.58 |
634.88
|
| ’22 | 58.91 | 65.93 | 85.08 | 152.07 |
361.99
|
| ’21 | 46.70 | 55.64 | 79.82 | 65.51 |
247.67
|
| ’20 | 62.48 | 50.85 | 65.25 | 65.66 |
244.24
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 20.50 | (23.89) | — | — |
—
|
| ’25 | 38.42 | 11.36 | 23.20 | 8.16 |
81.13
|
| ’24 | 16.37 | 23.52 | (12.91) | 38.95 |
65.93
|
| ’23 | 26.11 | 18.13 | 35.28 | (20.11) |
59.41
|
| ’22 | 2.98 | (2.70) | 13.66 | 40.23 |
54.17
|
| ’21 | 2.97 | 9.92 | 24.14 | 10.94 |
47.97
|
| ’20 | 16.26 | 0.92 | 16.94 | 18.47 |
52.58
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 13.02 | (50.15) | — | — |
—
|
| ’25 | 26.75 | (1.54) | 6.38 | (16.51) |
15.08
|
| ’24 | 1.52 | 12.80 | (23.57) | 29.25 |
20.01
|
| ’23 | 12.65 | 1.05 | 17.15 | (46.72) |
(15.88)
|
| ’22 | (5.97) | (15.89) | (1.78) | 24.46 |
0.80
|
| ’21 | (2.75) | 4.80 | 16.91 | 1.49 |
20.45
|
| ’20 | 10.23 | (3.04) | 12.98 | 11.77 |
31.94
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.20) | (0.32) | — | — |
—
|
| ’25 | 0.23 | 0.19 | 0.55 | (0.01) |
0.96
|
| ’24 | (0.05) | (0.27) | 0.04 | (5.45) |
(5.72)
|
| ’23 | 0.61 | 0.47 | 0.44 | (0.27) |
1.25
|
| ’22 | (0.33) | (0.11) | 0.05 | 0.83 |
0.55
|
| ’21 | (0.03) | (0.10) | 0.26 | (0.25) |
(0.12)
|
| ’20 | (0.12) | 0.01 | 0.06 | (0.15) |
(0.20)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | 2.20 | 6.87 | 4.33 | 8.37 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | 11.57 | 15.79 | 14.00 | 24.70 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 980 | 936 | 615 | 633 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.37 | 0.68 | 0.66 | 0.74 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 361.99 | 634.88 | 404.16 | 469.47 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.35% | 49.44% | 51.87% | 50.84% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.86 | 49.26 | (235.54) | 43.70 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.49% | 7.76% | (58.28%) | 9.31% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.11 | 44.79 | (226.14) | 41.87 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.75 | (26.57) | (2.83) | (56.47) | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 11.30 | 19.16 | 10.23 | 10.94 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 0.57 | 1.35 | (5.72) | 0.98 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.69 | 1.79 | 1.67 | 1.89 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.67) | (2.27) | (1.16) | (1.54) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.03 | (0.48) | 0.51 | 0.35 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.71 | 8.11 | 2.64 | 3.72 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.04 | 33.13 | 39.50 | 42.93 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 17.50 | 6.77 | 0.00 | 19.43 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.81 | 0.48 | 1.12 | 1.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.36 | 1.14 | 4.34 | 5.11 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.07 | 0.65 | 1.21 | 1.87 | ‡‡‡ | ‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 481.23 | (26.02) | 24.51 | 58.09 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.17 | 59.41 | 65.93 | 81.13 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (53.36) | (75.29) | (45.93) | (66.06) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.80 | (15.88) | 20.01 | 15.08 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (101.08) | (64.78) | (48.04) | (29.21) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 101.74 | 115.05 | 50.24 | 31.02 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 95.32 | 107.93 | 38.09 | 15.64 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 215.02 | 268.59 | 104.29 | 159.83 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.68% | 7.34% | (47.17%) | 10.78% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.33% | 11.16% | 0.47% | 21.49% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.11% | 18.52% | (121.29%) | 31.71% | — | — | — |
ROE
|
Hallador Energy Company (HNRG), a mid-tier Illinois Basin coal producer, exemplifies fossil fuel volatility amid the energy transition, with 2023 revenues surging 76% to $635 million on Ukraine-driven price spikes, only to crater 36% to $404 million in 2024 as prices normalized. Gross margins hit 51.9% last year, but massive impairments triggered a -$226 million net loss, halving book value per share to $2.64 and ROE to -121%. While analysts forecast 15-44% upside with $1.07 EPS in 2025, heavy insider net selling (10x buys by value) and dilution raise red flags, positioning HNRG as a high-beta bet on short-term coal demand rather than a reliable turnaround.
Deleveraging shines brightly—net debt down 65% to $38 million, FCF at $20 million supporting capex cuts—but equity shrank to $104 million, PB ratio spiked to 4.3x, and ROIC plummeted to 0.6%. Stock volatility remains extreme (223% range in 2024), decoupling from eroding fundamentals, with PS at 1.1x and EV/FCF at 25x hinting at value traps amid looming EPA rules and coal’s shrinking U.S. power share.
Contrarians see capped upside from renewables’ cost edge and stranded asset risks, despite potential AI/data center demand blips. Tactical traders may chase weather-driven spikes, but long-term holders face secular headwinds—fully priced for perfection at current levels. Dive deeper for the full dissection of cycles, metrics, and hedges.
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