Hallador Energy (NASDAQ:HNRG) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Hallador Energy (NASDAQ:HNRG) issued its earnings results on Wednesday. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04), Zacks reports. The firm had revenue of $101.81 million during the quarter, compared to analysts’ expectations of $102.28 million. Hallador Energy had a return on equity of 15.81% and a net margin of 4.98%.

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 Stock Up 0.9%

Hallador Energy stock traded up $0.16 during midday trading on Friday, hitting $19.03. 431,397 shares of the company’s stock were exchanged, compared to its average volume of 811,563. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.81. Hallador Energy has a 12 month low of $14.42 and a 12 month high of $24.70. The firm has a 50-day moving average of $16.92 and a two-hundred day moving average of $18.80. The company has a market cap of $897.07 million, a PE ratio of 35.56 and a beta of 0.16.

Analyst Ratings Changes

Several brokerages have issued reports on HNRG. B. Riley Financial raised shares of Hallador Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $27.00 in a report on Friday, March 13th. Zacks Research cut shares of Hallador Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a report on Tuesday, April 21st. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 26th. Finally, Wall Street Zen cut shares of Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company’s stock worth $187,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Hallador Energy by 92.5% in the fourth quarter. Royal Bank of Canada now owns 1,413 shares of the energy company’s stock worth $27,000 after buying an additional 679 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hallador Energy in the second quarter worth $27,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Hallador Energy by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,208 shares of the energy company’s stock worth $347,000 after buying an additional 1,746 shares during the last quarter. Finally, AQR Capital Management LLC raised 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 worth $1,271,000 after buying an additional 1,950 shares during the last quarter. 61.38% of the stock is currently owned by institutional investors.

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.