Sector: Coal
Geography: United States
COMM_HNRG
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.
Shares: yahoo_fundamentals_timeseries/HNRG
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.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 101.8 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 | -7.7 | 448.6 y/y 22.5% | 205.6 y/y 78.2% | -20.4% | -31.2 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 102.0 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 | -24.9 | 408.1 y/y 10.5% | 159.8 y/y 53.3% | 27.4% | 29.0 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 146.8 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 | -19.5 | 409.5 y/y -29.4% | 146.2 y/y -54.1% | 23.7% | 40.6 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 102.9 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 | -13.0 | 409.5 y/y -31.2% | 122.2 y/y -61.4% | 27.8% | 41.1 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 117.7 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 | -11.7 | 366.1 y/y -37.5% | 115.3 y/y -59.4% | 36.3% | 21.1 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 93.6 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 | -13.8 | 369.1 y/y -37.4% | 104.3 y/y -61.2% | -106.9% | 50.6 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 105.2 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 | -11.6 | 579.7 y/y -0.9% | 318.8 y/y 17.3% | 0.7% | 79.3 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 93.8 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 | -13.2 | 595.2 y/y -0.8% | 316.2 y/y 24.0% | -13.6% | 42.4 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 111.6 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 | -14.9 | 585.4 y/y -5.1% | 283.9 y/y 19.7% | -2.5% | 87.5 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 119.6 y/y — | -10.3 y/y — | 15.8 y/y — | 5.6 y/y — | -10.2 y/y — | -20.1 | -26.6 | 589.8 y/y — | 268.6 y/y — | 16.6% | 97.9 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 165.8 y/y — | 23.8 y/y — | 16.2 y/y — | 40.0 y/y — | 16.1 y/y — | 35.3 | -18.1 | 585.2 y/y — | 271.7 y/y — | 8.1% | 55.1 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 161.2 y/y — | 22.2 y/y — | 17.2 y/y — | 39.4 y/y — | 16.9 y/y — | 18.1 | -17.1 | 599.9 y/y — | 254.9 y/y — | 27.5% | 70.0 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 188.3 y/y — | 29.2 y/y — | 18.0 y/y — | 47.2 y/y — | 22.1 y/y — | 26.1 | -13.5 | 616.6 y/y — | 237.2 y/y — | — | 69.9 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Thermal Coal
| Year | Reserves, mln tons |
|---|---|
| 2024 | 34.50 |
| 2023 | 60.70 |
| 2022 | 66.30 |
| 2021 | 71.40 |
| 2020 | 81.30 |
| Year | Production, mln tons | per day |
|---|---|---|
| 2024 | 1.21 * (3M) −28.3% | 13 295 |
| 2023 | 12.38 +28.4% | 33 926 |
| 2022 | 9.64 −10.7% | 26 414 |
| 2021 | 10.79 +42.9% | 29 567 |
| 2020 | 7.55 | 20 693 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 50spot vs LTM +0%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -91.7% → +0.0 pp 1d
Main driver: Steam coal US +0% vs LTM; revenue ×1.00 vs costs ×1.04; EBITDA 78→63; at 2.8× EV/EBITDA → -92%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Steam coal US (rev) | +100% | 49.80 | 49.80 | 51.30 | +0% | +3% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 453 |
| LTM EBITDA | 78 |
| LTM cash costs (revenue − EBITDA) | 375 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.000 (+0%) |
| = Spot revenue | 453 |
| Revenue multiplier — 3y price | ×1.030 (+3%) |
| = 3-year-price revenue | 467 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 390 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 390 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 63 |
| = 3-year-price EBITDA | 77 |
| Conservative EBITDA = min(spot, avg) | 63 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 2.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 180 |
| Net debt | -31 |
| Target market cap = EV − net debt | 211 |
| Current market cap | 714 |
Upside = target market cap ÷ current − 1 = -91.7%
Life of mine: 3 yrs — before haircut -70.5%
Projected EV/EBITDA 6.0x · target 75th pct (3y) 0.6x · LTM avg 6.1x
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)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Hallador Energy (HNRG) — from primary filings.
Hallador Energy Company operates as an independent power producer and fuel company, generating electricity at its coal-fired power plant and selling wholesale energy, while also mining and processing coal at its mining complex.