HALLADOR ENERGY CO
HNRGNasdaqUtilities · Electric Services · CO · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $469.5M | $404.4M | $634.9M | $362.0M | $243.9M | $242.1M |
| Operating income | $61.1M | −$218.2M | $65.0M | $30.4M | −$6.0M | $3.1M |
| Net income | $41.9M | −$226.1M | $44.8M | $18.1M | −$3.8M | −$6.2M |
| Total assets | $408.1M | $369.1M | $589.8M | $630.6M | $354.0M | $384.1M |
| Total liabilities | $248.2M | $264.8M | $321.2M | $415.5M | $167.7M | $194.9M |
| Equity | $159.8M | $104.3M | $268.6M | $215.0M | $182.2M | $185.3M |
| EPS (diluted) | $0.96 | $-5.72 | $1.25 | $0.55 | $-0.12 | — |
| Shares out. | 42.6M | 34.9M | 33.0M | 30.8M | 30.6M | 30.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 13.0%
- Net margin
- 8.9%
- Return on equity
- 26.2%
- Return on assets
- 10.3%
- Return on capital (ROCE)
- 23.9%
- Liabilities / assets
- 60.8%
- Debt / equity
- 1.55×
- Book value / share
- $3.75
- Revenue growth (YoY)
- 16.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.86distress
- Accruals / assets
- −9.6%clean
- Piotroski F-Score
- 8/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 5 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 16, 2022
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2007
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2006
- NT 10-Qmissed a reporting deadline ↗May 16, 2006
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2006
- NT 10-Kmissed a reporting deadline ↗Mar 29, 2005
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Blackrock, Inc.Passive (13G)Apr 27, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Hallador Alternative Assets Fund, LlcActivist (13D)Feb 27, 2026
- Aegis Financial CorpPassive (13G)Nov 12, 2025
- Becker Mark D.Passive (13G)Nov 6, 2025
- Alj Investment Company, LlcPassive (13G)Feb 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.9M | 2.1 | -0.6% |
| Apr 30, 2026 | 2.9M | 2.9 | +14.6% |
| Apr 15, 2026 | 2.6M | 3.5 | -6.2% |
| Mar 31, 2026 | 2.7M | 2.3 | +35.2% |
| Mar 13, 2026 | 2.0M | 2.6 | -18.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 29, 2026
- Director / officer change · Other material eventMay 6, 2026
- Results of operationsMay 6, 2026
- Director / officer changeApr 15, 2026
- Mine safetyMar 27, 2026
- Results of operationsMar 12, 2026
- Entered a material agreement · Terminated a material agreement · New financial obligationMar 10, 2026
- Director / officer change · Regulation FD disclosureMar 9, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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