(HNRG) Hallador Energy - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US40609P1057
Stock: Coal, Mining, Indiana, Power, Generation
Total Rating 43
Risk 35
Buy Signal 0.07
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 74.6% |
| Relative Tail Risk | -7.93% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.20 |
| Alpha | 63.27 |
| Character TTM | |
|---|---|
| Beta | 1.357 |
| Beta Downside | 1.207 |
| Drawdowns 3y | |
|---|---|
| Max DD | 71.13% |
| CAGR/Max DD | 0.51 |
Description: HNRG Hallador Energy December 25, 2025
Hallador Energy Company (NASDAQ:HNRG) produces steam coal primarily for electric-power generators in Indiana, operating two underground mines (Oaktown Fuels Mine 1 & 2) and two surface mines (Freelandville and Prosperity) across Knox and Pike counties. Founded in 1949 and headquartered in Terre Haute, the firm remains a pure-play coal producer within the GICS Sub-Industry “Coal & Consumable Fuels.”
Key recent metrics: Q4 2023 net sales were $118 million, down ~15 % YoY as utility demand softened; cash flow from operations fell to $22 million, reflecting lower spot-price realizations (≈$55 / tonne) and higher labor costs. The sector is currently driven by three macro factors-(1) the pace of U.S. utility retirements of coal-fired plants, (2) the price trajectory of natural-gas and renewables, and (3) regulatory exposure to ESG-related financing constraints, which together set a low-to-moderate near-term demand outlook for thermal coal.
For a deeper, data-focused assessment of Hallador’s valuation and risk profile, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -173.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 23.40 > 1.0 |
| NWC/Revenue: -15.33% < 20% (prev -16.84%; Δ 1.50% < -1%) |
| CFO/TA 0.27 > 3% & CFO 111.9m > Net Income -173.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.4m) vs 12m ago 0.97% < -2% |
| Gross Margin: 60.19% > 18% (prev 0.28%; Δ 5990 % > 0.5%) |
| Asset Turnover: 93.36% > 50% (prev 73.56%; Δ 19.80% > 0%) |
| Interest Coverage Ratio: -10.36 > 6 (EBITDA TTM -112.9m / Interest Expense TTM 16.0m) |
Altman Z'' -3.90
| A: -0.17 (Total Current Assets 136.5m - Total Current Liabilities 207.3m) / Total Assets 409.5m |
| B: -0.11 (Retained Earnings -43.3m / Total Assets 409.5m) |
| C: -0.33 (EBIT TTM -165.3m / Avg Total Assets 494.6m) |
| D: -0.16 (Book Value of Equity -42.9m / Total Liabilities 263.3m) |
| Altman-Z'' Score: -3.90 = D |
Beneish M -3.26
| DSRI: 1.92 (Receivables 24.8m/11.9m, Revenue 461.7m/426.4m) |
| GMI: 0.47 (GM 60.19% / 28.47%) |
| AQI: 1.25 (AQ_t 0.02 / AQ_t-1 0.01) |
| SGI: 1.08 (Revenue 461.7m / 426.4m) |
| TATA: -0.70 (NI -173.7m - CFO 111.9m) / TA 409.5m) |
| Beneish M-Score: -3.26 (Cap -4..+1) = AA |
What is the price of HNRG shares?
As of February 09, 2026, the stock is trading at USD 20.06 with a total of 884,888 shares traded.
Over the past week, the price has changed by +11.82%, over one month by +7.68%, over three months by +0.25% and over the past year by +77.37%.
Over the past week, the price has changed by +11.82%, over one month by +7.68%, over three months by +0.25% and over the past year by +77.37%.
Is HNRG a buy, sell or hold?
Hallador Energy has received a consensus analysts rating of 5.00.
Therefore, it is recommended to buy HNRG.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HNRG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 26.7 | 33% |
| Analysts Target Price | 26.7 | 33% |
| ValueRay Target Price | 27.8 | 38.6% |
HNRG Fundamental Data Overview February 04, 2026
P/E Forward = 29.9401
P/S = 1.8292
P/B = 5.7702
Revenue TTM = 461.7m USD
EBIT TTM = -165.3m USD
EBITDA TTM = -112.9m USD
Long Term Debt = 37.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 7.39m USD (from shortTermDebt, last quarter)
Debt = 10.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.13m USD (from netDebt column, last quarter)
Enterprise Value = 841.4m USD (843.5m + Debt 10.5m - CCE 12.7m)
Interest Coverage Ratio = -10.36 (Ebit TTM -165.3m / Interest Expense TTM 16.0m)
EV/FCF = 15.61x (Enterprise Value 841.4m / FCF TTM 53.9m)
FCF Yield = 6.40% (FCF TTM 53.9m / Enterprise Value 841.4m)
FCF Margin = 11.67% (FCF TTM 53.9m / Revenue TTM 461.7m)
Net Margin = -37.61% (Net Income TTM -173.7m / Revenue TTM 461.7m)
Gross Margin = 60.19% ((Revenue TTM 461.7m - Cost of Revenue TTM 183.8m) / Revenue TTM)
Gross Margin QoQ = 62.75% (prev 55.11%)
Tobins Q-Ratio = 2.05 (Enterprise Value 841.4m / Total Assets 409.5m)
Interest Expense / Debt = 46.77% (Interest Expense 4.93m / Debt 10.5m)
Taxrate = 0.0% (0.0 / 23.9m)
NOPAT = -165.3m (EBIT -165.3m * (1 - 0.00%)) [loss with tax shield]
Current Ratio = 0.66 (Total Current Assets 136.5m / Total Current Liabilities 207.3m)
Debt / Equity = 0.07 (Debt 10.5m / totalStockholderEquity, last quarter 146.2m)
Debt / EBITDA = 0.02 (negative EBITDA) (Net Debt -2.13m / EBITDA -112.9m)
Debt / FCF = -0.04 (Net Debt -2.13m / FCF TTM 53.9m)
Total Stockholder Equity = 122.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.12% (Net Income -173.7m / Total Assets 409.5m)
RoE = -142.4% (Net Income TTM -173.7m / Total Stockholder Equity 122.0m)
RoCE = -103.7% (out of range, set to none) (EBIT -165.3m / Capital Employed (Equity 122.0m + L.T.Debt 37.4m))
RoIC = -119.0% (out of range, set to none) (NOPAT -165.3m / Invested Capital 138.8m)
WACC = 11.35% (E(843.5m)/V(854.1m) * Re(10.91%) + D(10.5m)/V(854.1m) * Rd(46.77%) * (1-Tc(0.0)))
Discount Rate = 10.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 14.30%
[DCF Debug] Terminal Value 56.80% ; FCFF base≈53.9m ; Y1≈35.4m ; Y5≈16.1m
Fair Price DCF = 4.34 (EV 202.1m - Net Debt -2.13m = Equity 204.2m / Shares 47.0m; r=11.35% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 0.45 | EPS CAGR: 102.9% | SUE: 0.09 | # QB: 0
Revenue Correlation: 40.61 | Revenue CAGR: 24.02% | SUE: 0.74 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.26 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=0.62 | Chg30d=+0.053 | Revisions Net=-1 | Growth EPS=-35.1% | Growth Revenue=-1.6%
P/S = 1.8292
P/B = 5.7702
Revenue TTM = 461.7m USD
EBIT TTM = -165.3m USD
EBITDA TTM = -112.9m USD
Long Term Debt = 37.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 7.39m USD (from shortTermDebt, last quarter)
Debt = 10.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.13m USD (from netDebt column, last quarter)
Enterprise Value = 841.4m USD (843.5m + Debt 10.5m - CCE 12.7m)
Interest Coverage Ratio = -10.36 (Ebit TTM -165.3m / Interest Expense TTM 16.0m)
EV/FCF = 15.61x (Enterprise Value 841.4m / FCF TTM 53.9m)
FCF Yield = 6.40% (FCF TTM 53.9m / Enterprise Value 841.4m)
FCF Margin = 11.67% (FCF TTM 53.9m / Revenue TTM 461.7m)
Net Margin = -37.61% (Net Income TTM -173.7m / Revenue TTM 461.7m)
Gross Margin = 60.19% ((Revenue TTM 461.7m - Cost of Revenue TTM 183.8m) / Revenue TTM)
Gross Margin QoQ = 62.75% (prev 55.11%)
Tobins Q-Ratio = 2.05 (Enterprise Value 841.4m / Total Assets 409.5m)
Interest Expense / Debt = 46.77% (Interest Expense 4.93m / Debt 10.5m)
Taxrate = 0.0% (0.0 / 23.9m)
NOPAT = -165.3m (EBIT -165.3m * (1 - 0.00%)) [loss with tax shield]
Current Ratio = 0.66 (Total Current Assets 136.5m / Total Current Liabilities 207.3m)
Debt / Equity = 0.07 (Debt 10.5m / totalStockholderEquity, last quarter 146.2m)
Debt / EBITDA = 0.02 (negative EBITDA) (Net Debt -2.13m / EBITDA -112.9m)
Debt / FCF = -0.04 (Net Debt -2.13m / FCF TTM 53.9m)
Total Stockholder Equity = 122.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.12% (Net Income -173.7m / Total Assets 409.5m)
RoE = -142.4% (Net Income TTM -173.7m / Total Stockholder Equity 122.0m)
RoCE = -103.7% (out of range, set to none) (EBIT -165.3m / Capital Employed (Equity 122.0m + L.T.Debt 37.4m))
RoIC = -119.0% (out of range, set to none) (NOPAT -165.3m / Invested Capital 138.8m)
WACC = 11.35% (E(843.5m)/V(854.1m) * Re(10.91%) + D(10.5m)/V(854.1m) * Rd(46.77%) * (1-Tc(0.0)))
Discount Rate = 10.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 14.30%
[DCF Debug] Terminal Value 56.80% ; FCFF base≈53.9m ; Y1≈35.4m ; Y5≈16.1m
Fair Price DCF = 4.34 (EV 202.1m - Net Debt -2.13m = Equity 204.2m / Shares 47.0m; r=11.35% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 0.45 | EPS CAGR: 102.9% | SUE: 0.09 | # QB: 0
Revenue Correlation: 40.61 | Revenue CAGR: 24.02% | SUE: 0.74 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.26 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=0.62 | Chg30d=+0.053 | Revisions Net=-1 | Growth EPS=-35.1% | Growth Revenue=-1.6%