Hallador Energy (NASDAQ:HNRG) Posts 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 for the quarter, missing the consensus estimate of ($0.16) by ($0.04), Zacks reports. The business had revenue of $101.81 million for the quarter, compared to analyst estimates 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

Hallador Energy stock traded up $0.89 during trading hours on Wednesday, hitting $18.55. 2,668,930 shares of the stock were exchanged, compared to its average volume of 945,837. The stock has a market capitalization of $874.26 million, a P/E ratio of 19.32 and a beta of 0.16. The business’s 50-day moving average is $16.90 and its two-hundred day moving average is $18.81. 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.

Institutional Investors Weigh In On Hallador Energy

Large investors have recently bought and sold shares of the business. Oxford Asset Management LLP acquired a new stake in Hallador Energy during the 4th quarter valued at $217,000. Millennium Management LLC boosted its stake in Hallador Energy by 16.0% in the fourth quarter. Millennium Management LLC now owns 609,318 shares of the energy company’s stock worth $11,601,000 after purchasing an additional 84,238 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy during the fourth quarter worth $322,000. Cetera Investment Advisers acquired a new stake in shares of Hallador Energy in the fourth quarter valued at $243,000. Finally, Lazard Asset Management LLC bought a new position in shares of Hallador Energy in the fourth quarter valued at about $347,000. 61.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hallador Energy in a report on Tuesday, April 21st. Zacks Research downgraded Hallador Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered Hallador Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. Finally, Northland Securities increased their price objective on Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hallador Energy currently has an average rating of “Moderate Buy” and a consensus target price of $26.63.

Hallador Energy Company Profile

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.