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Hallador Energy Company, through its subsidiaries, operates as an independent power producer and fuel company in the United States. It operates in two segments, Electric Operations and Coal Operations. The company owns and operates the Meron power plant, a 1,080 megawatts coal-fired power generating station that consists of two steam turbine generators and sells accredited capacity to utilities and other energy market participants. It also sells wholesale energy to utilities, generation and transmission cooperatives, and other energy market participants. In addition, the company operates the Oaktown mining complex, a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois. Hallador Energy Company was founded in 1949 and is based in Terre Haute, Indiana.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $469M | $100M | $42M | $12M | 26.2% | 16.2% | -118.5% |
| 2024 | $404M | $-158M | $-226M | $13M | -216.8% | -36.3% | -604.9% |
| 2023 | $635M | $127M | $45M | $-16M | 16.7% | 75.4% | 147.4% |
| 2022 | $362M | $75M | $18M | $0M | 8.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 469.47 |
| Operating Revenue | 459.39 |
| Cost Of Revenue | 213.99 |
| Gross Profit | 255.47 |
| Operating Expense | 196.91 |
| Selling General And Administration | 136.90 |
| Total Expenses | 410.90 |
| Operating Income | 58.57 |
| Total Operating Income As Reported | 61.06 |
| EBITDA | 99.83 |
| Normalized EBITDA | 97.95 |
| EBIT | 58.61 |
| Interest Income | 0.60 |
| Interest Expense | 14.90 |
| Net Interest Income | -16.29 |
| Other Income Expense | 1.43 |
| Interest Income Non Operating | 0.60 |
| Interest Expense Non Operating | 14.90 |
| Net Non Operating Interest Income Expense | -16.29 |
| Pretax Income | 43.70 |
| Tax Provision | 1.83 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.08 |
| Net Income Continuous Operations | 41.87 |
| Net Income From Continuing And Discontinued Operation | 41.87 |
| Net Income From Continuing Operation Net Minority Interest | 41.87 |
| Net Income | 41.87 |
| Net Income Common Stockholders | 41.87 |
| Net Income Including Noncontrolling Interests | 41.87 |
| Normalized Income | 40.07 |
| Diluted NI Availto Com Stockholders | 41.87 |
| Basic Average Shares | 42.93 |
| Diluted Average Shares | 43.43 |
| Reconciled Depreciation | 41.22 |
| Reconciled Cost Of Revenue | 213.99 |
| Total Unusual Items | 1.88 |
| Total Unusual Items Excluding Goodwill | 1.88 |
| Special Income Charges | 1.88 |
| Other Special Charges | 0.61 |
| Impairment Of Capital Assets | 0 |
| Gain On Sale Of Security | - |
| Depreciation Amortization Depletion Income Statement | 41.22 |
| General And Administrative Expense | 136.90 |
| Other Gand A | 26.23 |
| Salaries And Wages | 110.68 |
| Gain On Sale Of Ppe | 2.49 |
| Total Other Finance Cost | 1.99 |
| Other Operating Expenses | 18.78 |
| Otherunder Preferred Stock Dividend | - |
| Earnings From Equity Interest | -0.45 |
| Average Dilution Earnings | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hallador Energy Companythis co. | HNRG | $893M | 21.33↓ discount | 5.59 | 26.2% | 9.23 |
| Nordic American Tankers Limited | NAT | $1.1B | 90.77 | 2.50 | 2.8% | 14.20 |
| HighPeak Energy, Inc. | HPK | $1.0B | 55.31 | 0.66 | 1.2% | 3.53 |
| Diversified Energy Company | DEC | $1.0B | 2.99 | 1.04 | 34.7% | 4.35 |
| Teekay Corporation Ltd. | TK |
| - |
| - |
| - |
| - |
| - |
| - |
| $992M |
| 10.11 |
| 1.37 |
| 13.5% |
| 0.22 |
| Flotek Industries, Inc. | FTK | $898M | 29.41 | 7.94 | 27.0% | 37.06 |
| Riley Exploration Permian, Inc. | REPX | $787M | 4.89 | 1.24 | 25.4% | 3.10 |
| Vitesse Energy, Inc. | VTS | $743M | 29.39 | 1.18 | 4.0% | 5.00 |
| Granite Ridge Resources, Inc. | GRNT | $658M | 27.03 | 1.09 | 4.0% | 3.76 |
| Peer Median | - | 28.21 | 1.21 | 8.8% | 4.06 | |