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Hallador Energy USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Coal

Geography: United States

COMM_HNRG

Price chart

16.44 USDDay 1.92%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
16.44 USD · 1.92%
Market cap
720 mln USD

Growth

Δ revenue y/y
-13.5%
Δ EBITDA y/y
-82.8%

Multiples

P/E (LTM)
31.9x
3y avg: 14.3x
P/B (FY)
4.5x
P/E (ann.)
<0
EV/EBITDA (LTM)
8.8x
3y avg: 6.0x
EV/EBITDA (ann.)
34.8x

Cash return

Dividend yield
—
FCF yield (LTM)
7.3%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)
-92.4%
↓ details

Liquidity

Daily turnover (listing)
8 mln USD

Shares: yahoo_fundamentals_timeseries/HNRG

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 2 / Err: 12 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✗Errors 1Warn 1
2023-06-30 Q2✗Errors 1Warn 1
2023-09-30 Q3✗Errors 1Warn 1
2023-12-31 FY⚠Warn 1
2023-12-31 Q4✗Errors 1
2024-03-31 Q1✗Errors 1Warn 1
2024-06-30 Q2⚠Warn 1
2024-09-30 Q3✗Errors 1Warn 1
2024-12-31 FY✗Errors 1Warn 4
2025-03-31 Q1✗Errors 2Warn 2
2025-06-30 Q2✗Errors 1Warn 1
2025-09-30 Q3✗Errors 1Warn 1
2025-12-31 FY✗Errors 1Warn 1
2026-03-31 Q1✗Errors 3Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK101.8
y/y -13.5%
-5.7
y/y -140.7%
10.6
y/y -29.2%
5.0
y/y -82.8%
-9.3
y/y -193.4%
20.5-7.7448.6
y/y 22.5%
205.6
y/y 78.2%
-20.4%-31.2Link
2025-12-31Q4 2025 (3M)OK102.0
y/y 9.0%
6.3
y/y 102.9%
11.6
y/y -49.1%
17.8
y/y 109.1%
-0.2
y/y 99.9%
8.2-24.9408.1
y/y 10.5%
159.8
y/y 53.3%
27.4%27.1Link
2025-09-30Q3 2025 (3M)OK146.8
y/y 39.6%
29.1
y/y 516.7%
9.1
y/y -33.9%
38.2
y/y 105.9%
23.9
y/y 1436.9%
23.2-19.5409.5
y/y -29.4%
146.2
y/y -54.1%
23.7%37.4Link
2025-06-30Q2 2025 (3M)OK102.9
y/y 9.7%
11.9
y/y —
5.5
y/y -59.4%
17.4
y/y 173.6%
8.2
y/y —
11.4-13.0409.5
y/y -31.2%
122.2
y/y -61.4%
27.8%41.1Link
2025-03-31Q1 2025 (3M)OK117.7
y/y 5.5%
13.9
y/y 407.7%
15.0
y/y -3.0%
28.9
y/y 58.7%
10.0
y/y —
38.4-11.7366.1
y/y -37.5%
115.3
y/y -59.4%
36.3%21.1Link
2024-12-31Q4 2024 (3M)OK93.6
y/y -21.7%
-218.6
y/y -2028.5%
22.7
y/y 43.3%
-195.9
y/y -3617.5%
-215.8
y/y -2005.7%
38.9-13.8369.1
y/y -37.4%
104.3
y/y -61.2%
-106.9%41.3Link
2024-09-30Q3 2024 (3M)OK105.2
y/y -36.6%
4.7
y/y -80.2%
13.8
y/y -14.7%
18.5
y/y -53.7%
1.6
y/y -90.3%
-12.9-11.6579.7
y/y -0.9%
318.8
y/y 17.3%
0.7%69.4Link
2024-06-30Q2 2024 (3M)OK93.8
y/y -41.8%
-7.3
y/y -132.8%
13.6
y/y -20.5%
6.4
y/y -83.9%
-10.2
y/y -160.3%
23.5-13.2595.2
y/y -0.8%
316.2
y/y 24.0%
-13.6%42.4Link
2024-03-31Q1 2024 (3M)OK111.6
y/y -40.8%
2.7
y/y -90.7%
15.4
y/y -14.1%
18.2
y/y -61.5%
-1.7
y/y -107.7%
16.4-14.9585.4
y/y -5.1%
283.9
y/y 19.7%
-2.5%77.2Link
2023-12-31Q4 2023 (3M)OK119.6
y/y —
-10.3
y/y —
15.8
y/y —
5.6
y/y —
-10.2
y/y —
-20.1-26.6589.8
y/y —
268.6
y/y —
16.6%89.0Link
2023-09-30Q3 2023 (3M)OK165.8
y/y —
23.8
y/y —
16.2
y/y —
40.0
y/y —
16.1
y/y —
35.3-18.1585.2
y/y —
271.7
y/y —
8.1%55.1Link
2023-06-30Q2 2023 (3M)OK161.2
y/y —
22.2
y/y —
17.2
y/y —
39.4
y/y —
16.9
y/y —
18.1-17.1599.9
y/y —
254.9
y/y —
27.5%70.0Link
2023-03-31Q1 2023 (3M)OK188.3
y/y —
29.2
y/y —
18.0
y/y —
47.2
y/y —
22.1
y/y —
26.1-13.5616.6
y/y —
237.2
y/y —
—69.9Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Thermal Coal

Proved reserves
34.50 mln tons
2024
Reserve life (R/P)
2.8 yrs
reserves ÷ annual output
Annual production
12.38 mln tons
2023

Production, mln tons

7.55202010.7920219.64202212.3820231.212024

Proved reserves

YearReserves, mln tons
202434.50
202360.70
202266.30
202171.40
202081.30

Production

YearProduction, mln tonsper day
20241.21 *3 326
202312.38
+28.4%		33 926
20229.64
−10.7%		26 414
202110.79
+42.9%		29 567
20207.5520 693

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-200-10001002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%0%100%200%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-40-200202023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-500501002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — Steam coal US

Current 182spot vs LTM +0%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -92.4%

Main driver: Steam coal US +0% vs LTM; revenue ×1.00 vs costs ×1.04; EBITDA 78→27; at 6.1× EV/EBITDA → -92%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Steam coal US (rev)+100%182.10182.10152.80+0%-16%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue454
LTM EBITDA78
LTM cash costs (revenue − EBITDA)375
2 · Revenue projection
Revenue multiplier — spot×1.000 (+0%)
= Spot revenue454
Revenue multiplier — 3y price×0.839 (-16%)
= 3-year-price revenue381
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs390
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs390
4 · EBITDA projection (revenue − costs)
= Spot EBITDA63
= 3-year-price EBITDA-10
Conservative EBITDA = min(spot, avg)27
5 · Valuation → target market cap
Historical EV/projected-EBITDA (3-yr average)6.1x
Target EV = EV/EBITDA × conservative EBITDA163
Net debt-31
Target market cap = EV − net debt195
Current market cap720

Upside = target market cap ÷ current − 1 = -92.4%

Life of mine: 3 yrs — before haircut -73.0%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q2161135+19.3%3941-2.8%
2023 Q3166146+13.7%4034+16.9%
2023 Q4118166-28.9%540-87.4%
2024 Q1112158-29.5%1830-38.9%
2024 Q294139-32.6%623-72.1%
2024 Q3105122-14.0%1915+25.7%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 8.0x · target 3-yr avg 6.1x · LTM avg 4.3x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)