Saturday 17 October 2026
Export HNRG’s income statement to Excel — free account
Hallador Energy Company
HNRG Utilities Utilities Independent Power Producers
Hallador Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $469.5 million, up 16.2% from fiscal 2024. In the quarter to June 2026, revenue fell 1.28%, EPS fell 268.4%, free cash flow fell 3,158.7% and total debt fell 10.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
11.71
1.00
−7.87%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
19.43 | 0.00 | 6.77 | 17.50 | 0.00 | 0.00 | 0.00 | 20.35 | 5.82 | 22.44 |
Piotroski F-Score |
7 | 5 | 7 | 7 | 5 | 5 | 4 | 6 | 5 | 6 |
P/S ratio |
1.74 | 1.12 | 0.48 | 0.81 | 0.30 | 0.18 | 0.28 | 0.52 | 0.69 | 0.96 |
Altman Z-Score |
3.38 | 1.65 | 2.20 | 1.22 | 1.12 | 1.10 | 1.43 | 1.55 | 1.54 | 1.69 |
P/FCF ratio |
54.22 | 22.61 | 0.00 | 362.68 | 3.68 | 1.40 | 31.59 | 9.21 | 4.95 | 14.37 |
Altman Z″-Score (non-manufacturers) |
0.85 | (1.18) | 1.70 | 0.32 | 1.24 | 1.65 | 2.02 | 2.70 | 2.44 | 2.41 |
Beneish M-Score |
(2.91) | (6.36) | (3.68) | (2.08) | (3.08) | (3.72) | (3.36) | (2.83) | (2.89) | (2.88) |
P/Operating CF |
100.22 | 11.61 | (15.17) | 7.25 | 6.88 | 2.42 | 46.80 | 7.17 | 10.50 | 15.63 |
P/B ratio |
5.11 | 4.34 | 1.14 | 1.36 | 0.41 | 0.24 | 0.47 | 0.60 | 0.75 | 1.24 |
Price to Tangible BV |
5.11 | 4.34 | 1.14 | 1.36 | 0.41 | 0.24 | 0.47 | 0.60 | 0.75 | 1.24 |
EV/Sales |
1.87 | 1.21 | 0.65 | 1.07 | 0.72 | 0.71 | 0.77 | 1.06 | 1.35 | 1.71 |
EV/EBITDA |
226.71 | 0.00 | 10.16 | 6.22 | 4.91 | 3.61 | 3.93 | 14.81 | 13.47 | 11.76 |
EV/Operating CF |
10.79 | 7.44 | 6.95 | 7.14 | 3.69 | 3.32 | 6.54 | 6.03 | 5.56 | 7.90 |
EV/FCF |
58.09 | 24.51 | (26.02) | 481.23 | 8.67 | 5.46 | 87.88 | 18.79 | 9.71 | 25.70 |
Quick Ratio |
0.19 | 0.18 | 0.17 | 0.15 | 0.30 | 0.37 | 0.63 | 0.84 | 0.73 | 0.90 |
Current Ratio |
0.81 | 0.69 | 0.59 | 0.58 | 0.61 | 0.89 | 1.27 | 1.64 | 1.25 | 1.70 |
Net Debt/EBITDA |
4.05 | (21.68) | 2.66 | 1.53 | 2.83 | 2.69 | 2.52 | 2.36 | 2.66 | 2.69 |
Debt/Assets |
7.60% | 13.61% | 19.51% | 16.14% | 30.44% | 36.87% | 40.80% | 35.12% | 38.39% | 43.99% |
Debt/Equity |
0.19 | 0.48 | 0.43 | 0.47 | 0.59 | 0.76 | 0.91 | 0.71 | 0.80 | 1.08 |
Asset Turnover |
1.21 | 0.84 | 1.04 | 0.74 | 0.67 | 0.60 | 0.69 | 0.57 | 0.52 | 0.53 |
Operating CF/Net income |
1.94 | (0.29) | 1.33 | 2.99 | (12.78) | (8.58) | (0.65) | 6.94 | 2.05 | 4.99 |
Capex/Depreciation |
1.17 | 16.23 | 2.83 | (1.74) | (0.65) | (0.49) | (0.70) | (0.76) | (0.70) | (1.11) |
Interest Coverage |
3.57 | 0.08 | 4.90 | 2.86 | (0.80) | 0.48 | 0.81 | 1.29 | 2.19 | 2.76 |
| 31.71% | (121.29%) | 18.52% | 9.11% | (2.04%) | (3.25%) | (26.41%) | 2.95% | 13.75% | 5.76% | |
| 10.78% | (47.17%) | 7.34% | 3.68% | (1.02%) | (1.51%) | (12.53%) | 1.44% | 6.11% | 2.28% | |
ROIC |
21.49% | 0.47% | 11.16% | 6.33% | (1.42%) | 1.25% | 2.30% | 3.17% | 3.96% | 5.96% |
Return on Tangible Assets |
16.85% | (107.86%) | 10.57% | 4.77% | (1.35%) | (2.03%) | (16.97%) | 1.67% | 7.33% | 2.67% |
Average Days of Receivables |
10.88 | 13.94 | 11.46 | 30.14 | 20.02 | 21.54 | 30.63 | 26.15 | 26.42 | 28.93 |
Research and Development Expense of Revenue |
0.05% | 0.06% | 0.14% | 0.18% | 0.19% | 0.31% | 0.38% | 0.40% | 0.31% | 0.59% |
Selling, General and Administrative Expense of Revenue |
29.16% | 35.31% | 28.13% | 4.54% | 5.99% | 4.75% | 3.97% | 4.03% | 5.51% | 3.74% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.75% | 1.10% | 0.56% | 0.35% | 0.41% | 0.50% | 0.57% | 1.08% | 2.67% | 0.90% |
Graham Net Nets |
(0.15) | (0.35) | (0.75) | (0.95) | (1.76) | (3.03) | (1.69) | (1.15) | (1.08) | (0.86) |
Graham Number |
9.06 | 0.00 | 15.75 | 8.86 | 0.00 | 0.00 | 0.00 | 6.89 | 14.29 | 8.27 |
Earnings Yield |
5.15% | (50.04%) | 14.77% | 5.71% | (4.88%) | (13.61%) | (65.66%) | 4.92% | 17.17% | 4.46% |
Free Cash Flow Yield |
1.84% | 4.42% | (5.20%) | 0.28% | 27.15% | 71.37% | 3.17% | 10.86% | 20.18% | 6.96% |
Revenue per Share |
10.94 | 10.23 | 19.16 | 11.30 | 8.09 | 8.02 | 10.69 | 9.76 | 9.16 | 9.62 |
Operating CF per Share |
1.89 | 1.67 | 1.79 | 1.69 | 1.57 | 1.73 | 1.26 | 1.71 | 2.22 | 2.08 |
Capex per Share |
(1.54) | (1.16) | (2.27) | (1.67) | (0.90) | (0.68) | (1.17) | (1.16) | (0.95) | (1.44) |
Free Cash Flow per Share |
0.35 | 0.51 | (0.48) | 0.03 | 0.67 | 1.05 | 0.09 | 0.55 | 1.27 | 0.64 |
Cash per Share |
0.36 | 0.31 | 0.22 | 0.20 | 0.19 | 0.40 | 0.45 | 0.75 | 0.66 | 0.74 |
Shareholders Equity per Share |
3.72 | 2.64 | 8.11 | 6.71 | 5.95 | 6.08 | 6.33 | 8.47 | 8.41 | 7.41 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.72 | 2.64 | 8.11 | 6.71 | 5.95 | 6.08 | 6.33 | 8.47 | 8.41 | 7.41 |
Free Cash Flow |
15.08 | 20.01 | (15.88) | 0.80 | 20.45 | 31.94 | 2.84 | 16.56 | 37.66 | 18.73 |
Working Capital |
(29.21) | (48.04) | (64.78) | (101.08) | (25.39) | (7.88) | 17.60 | 33.17 | 13.40 | 34.04 |
Capital Expenditures |
(66.06) | (45.93) | (75.29) | (53.36) | (27.52) | (20.63) | (35.40) | (35.01) | (28.12) | (42.19) |
Net Current Asset Value |
(124.83) | (159.98) | (228.38) | (277.01) | (132.51) | (135.54) | (151.65) | (175.65) | (201.18) | (231.68) |
EV/EBIT |
14.52 | 457.04 | 6.15 | 12.31 | 0.00 | 27.76 | 19.30 | 14.81 | 13.47 | 11.76 |
Capex to Sales |
0.14 | 0.11 | 0.12 | 0.15 | 0.11 | 0.08 | 0.11 | 0.12 | 0.10 | 0.15 |
Price to Operating Income |
13.55 | 421.55 | 4.54 | 9.27 | 0.00 | 7.13 | 6.94 | 7.26 | 6.87 | 6.58 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
(0.20) | (0.01) | (0.05) | 0.06 | 0.14 | 0.14 | 0.15 | 0.11 | 0.10 | 0.09 |
Cash ROIC |
7.31% | 12.00% | (4.06%) | 0.25% | 6.91% | 9.42% | 0.75% | 3.61% | 8.05% | 3.97% |
Accounts Receivable Turnover |
31.91 | 22.85 | 25.48 | 16.65 | 17.69 | 11.75 | 13.43 | 14.43 | 12.94 | 12.71 |
Accounts Payable Turnover |
5.36 | 3.63 | 4.40 | 4.28 | 5.45 | 5.88 | 8.51 | 9.06 | 9.27 | 8.36 |
Inventory Turnover |
2.81 | 2.82 | 4.58 | 5.57 | 7.76 | 5.05 | 7.06 | 8.13 | 8.84 | 8.32 |
Average Days of Payables |
66.18 | 83.13 | 71.54 | 113.59 | 76.23 | 61.65 | 46.83 | 44.78 | 40.53 | 37.71 |
Days of Inventory on Hand |
139.79 | 142.22 | 70.45 | 106.91 | 32.52 | 65.88 | 59.01 | 51.10 | 43.86 | 38.23 |
Average Receivables |
14.71 | 17.69 | 24.91 | 21.74 | 14.00 | 20.78 | 24.09 | 20.35 | 20.98 | 22.15 |
Average Payables |
43.07 | 53.60 | 72.94 | 62.25 | 36.47 | 31.60 | 29.11 | 23.77 | 20.52 | 23.05 |
Average Inventory |
82.09 | 68.87 | 70.02 | 47.90 | 25.64 | 36.82 | 35.11 | 26.50 | 21.52 | 23.18 |
Average Assets |
388.59 | 479.45 | 610.17 | 492.27 | 369.06 | 404.88 | 470.56 | 516.85 | 524.76 | 535.85 |
Average Common Equity |
132.06 | 186.44 | 241.81 | 198.63 | 183.75 | 188.40 | 223.20 | 252.10 | 233.11 | 211.86 |
Columns are period end dates