Hallador Energy Company (HNRG) 10-Year Financial Performance & Capital Metrics

HNRG • • Industrial / General

EnergyCoalThermal Coal ProducersIllinois Basin Thermal Producers

AboutHallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. Hallador Energy Company was founded in 1949 and is headquartered in Terre Haute, Indiana.Show more

Revenue $404M -36.3%
EBITDA -$153M -215.4%
Net Income -$226M -604.9%
EPS (Diluted) -5.72 -557.6%
Gross Margin 55.84% +6.9%
EBITDA Margin -37.72% -281.1%
Operating Margin -53.95% -626.8%
Net Margin -55.92% -892.6%
ROE -121.29% -754.8%
ROIC -64.11% -541.2%
Debt/Equity 0.51 +44.5%
Interest Coverage -15.75 -432.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.63%

5Y4.96%

3Y17.76%

TTM8.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-743.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-586.8%

ROCE

10Y Avg-1.66%

5Y Avg-8.87%

3Y Avg-14.43%

Latest-67.29%

Peer Comparison

Illinois Basin Thermal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HNRGHallador Energy Company	905.49M	19.43	-3.40	-36.3%	-37.61%	-118.81%	1.39%	0.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	339.49M	278.92M	268.2M	291.78M	317.44M	244.24M	247.67M	361.99M	634.88M	404.39M
Revenue Growth %	0.45%	-0.18%	-0.04%	0.09%	0.09%	-0.23%	0.01%	0.46%	0.75%	-0.36%
Cost of Goods Sold+	281.84M	228.34M	228.65M	259.53M	296.44M	185.96M	198.84M	266.61M	303.24M	178.59M
COGS % of Revenue	0.83%	0.82%	0.85%	0.89%	0.93%	0.76%	0.8%	0.74%	0.48%	0.44%
Gross Profit+	57.65M	50.58M	39.56M	32.25M	21M	58.28M	48.83M	95.38M	331.63M	225.8M
Gross Margin %	0.17%	0.18%	0.15%	0.11%	0.07%	0.24%	0.2%	0.26%	0.52%	0.56%
Gross Profit Growth %	0.65%	-0.12%	-0.22%	-0.18%	-0.35%	1.78%	-0.16%	0.95%	2.48%	-0.32%
Operating Expenses+	14.66M	12.19M	16.69M	14.19M	15.35M	55.19M	54.87M	64.95M	266.62M	443.95M
OpEx % of Revenue	0.04%	0.04%	0.06%	0.05%	0.05%	0.23%	0.22%	0.18%	0.42%	1.1%
Selling, General & Admin	12.62M	10.52M	14.98M	11.84M	12.85M	11.59M	14.83M	16.42M	178.58M	142.69M
SG&A % of Revenue	0.04%	0.04%	0.06%	0.04%	0.04%	0.05%	0.06%	0.05%	0.28%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.24M	2.21M	36.78M	64.58M	2.5M	43.59M	40.04M	48.54M	88.05M	301.26M
Operating Income+	43.63M	40.91M	26.3M	18.06M	5.65M	3.1M	-6.04M	30.43M	65.01M	-218.16M
Operating Margin %	0.13%	0.15%	0.1%	0.06%	0.02%	0.01%	-0.02%	0.08%	0.1%	-0.54%
Operating Income Growth %	0.57%	-0.06%	-0.36%	-0.31%	-0.69%	-0.45%	-2.95%	6.03%	1.14%	-4.36%
EBITDA+	87.57M	77.51M	65.65M	63.39M	55.5M	42.74M	33.93M	77.31M	132.22M	-152.53M
EBITDA Margin %	0.26%	0.28%	0.24%	0.22%	0.17%	0.17%	0.14%	0.21%	0.21%	-0.38%
EBITDA Growth %	0.53%	-0.11%	-0.15%	-0.03%	-0.12%	-0.23%	-0.21%	1.28%	0.71%	-2.15%
D&A (Non-Cash Add-back)	43.94M	36.59M	39.36M	45.33M	49.84M	39.64M	39.97M	46.88M	67.21M	65.63M
EBIT	43.13M	23.96M	27.02M	19.83M	-64.02M	1.79M	4.78M	28.14M	59.74M	-223.44M
Net Interest Income+	-15.56M	-14.84M	-12.41M	-16.29M	-16M	-13.42M	-11.07M	-11.88M	-13.71M	-13.85M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	15.56M	14.84M	12.41M	16.29M	16M	13.42M	11.07M	11.88M	13.71M	13.85M
Other Income/Expense	-16.05M	-32.43M	-12.41M	-14.51M	-87.85M	-11.98M	2.32M	-10.57M	-15.75M	-17.39M
Pretax Income+	27.57M	8.48M	13.88M	3.55M	-82.2M	-8.88M	-3.73M	19.86M	49.26M	-235.54M
Pretax Margin %	0.08%	0.03%	0.05%	0.01%	-0.26%	-0.04%	-0.02%	0.05%	0.08%	-0.58%
Income Tax+	7.44M	-4.03M	-19.19M	-4.08M	-22.35M	-2.66M	26K	1.76M	4.46M	-9.4M
Effective Tax Rate %	0.73%	1.47%	2.38%	2.15%	0.73%	0.7%	1.01%	0.91%	0.91%	0.96%
Net Income+	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Net Margin %	0.06%	0.04%	0.12%	0.03%	-0.19%	-0.03%	-0.02%	0.05%	0.07%	-0.56%
Net Income Growth %	0.97%	-0.38%	1.64%	-0.77%	-8.85%	0.9%	0.4%	5.82%	1.47%	-6.05%
Net Income (Continuing)	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	4M	4M	4M	4M	0	0	0
EPS (Diluted)+	0.68	0.42	1.08	0.25	-1.98	-0.20	-0.12	0.55	1.25	-5.72
EPS Growth %	1%	-0.38%	1.57%	-0.77%	-8.92%	0.9%	0.4%	5.58%	1.27%	-5.58%
EPS (Basic)	0.68	0.42	1.08	0.25	-1.98	-0.20	-0.12	0.57	1.35	-5.72
Diluted Shares Outstanding	29.03M	29.26M	29.66M	30.07M	30.25M	30.45M	30.61M	33.65M	36.83M	39.5M
Basic Shares Outstanding	29.03M	29.26M	29.66M	30.07M	30.25M	30.45M	30.61M	32.04M	33.13M	39.5M
Dividend Payout Ratio	0.24%	0.38%	0.15%	0.65%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	66.61M	82.75M	67.69M	84.98M	82.45M	63.33M	39.24M	138.52M	92.81M	104.86M
Cash & Short-Term Investments	17.27M	18.87M	15.88M	17.83M	9.04M	12.07M	2.55M	6.43M	2.84M	7.23M
Cash Only	15.93M	9.79M	12.48M	15.5M	8.8M	12.07M	2.55M	6.43M	2.84M	7.23M
Short-Term Investments	1.34M	9.08M	3.4M	2.33M	245K	0	0	0	0	0
Accounts Receivable	16.68M	22.31M	16.76M	18.43M	25.58M	14.41M	13.58M	49.46M	19.94M	15.44M
Days Sales Outstanding	17.93	29.19	22.81	23.05	29.41	21.54	20.02	49.87	11.46	13.93
Inventory	26.17M	20.19M	22.85M	30.15M	40.07M	33.57M	17.71M	78.09M	61.95M	75.79M
Days Inventory Outstanding	33.89	32.27	36.47	42.41	49.34	65.88	32.52	106.91	74.57	154.89
Other Current Assets	0	11.74M	6.71M	7.2M	6.07M	0	3.28M	0	5.82M	4.92M
Total Non-Current Assets+	478.88M	448.57M	446.56M	430.52M	343.18M	320.8M	314.74M	515.56M	496.97M	264.26M
Property, Plant & Equipment	445.24M	422.76M	420.01M	412.64M	329.72M	309.36M	302.82M	480.46M	488.63M	257.7M
Fixed Asset Turnover	0.76x	0.66x	0.64x	0.71x	0.96x	0.79x	0.82x	0.75x	1.30x	1.57x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	17.11M	11.7M	11.89M	3.67M	3.14M	3.18M	3.54M	3.99M	2.81M	2.61M
Other Non-Current Assets	4.85M	14.11M	4.94M	4.03M	5.71M	8.26M	-19.64M	7.58M	5.52M	3.95M
Total Assets+	545.49M	528.51M	518.19M	515.5M	425.63M	384.13M	353.98M	654.08M	589.78M	369.12M
Asset Turnover	0.62x	0.53x	0.52x	0.57x	0.75x	0.64x	0.70x	0.55x	1.08x	1.10x
Asset Growth %	-0.06%	-0.03%	-0.02%	-0.01%	-0.17%	-0.1%	-0.08%	0.85%	-0.1%	-0.37%
Total Current Liabilities+	51.04M	48.71M	54.29M	51.81M	64.84M	71.21M	64.63M	239.6M	157.59M	152.9M
Accounts Payable	26.18M	4.83M	4.01M	11.94M	13.28M	14.79M	27.84M	62.31M	43.64M	24.29M
Days Payables Outstanding	33.91	7.72	6.4	16.79	16.35	29.02	51.1	85.3	52.52	49.64
Short-Term Debt	24.86M	28.8M	33.17M	25.39M	33.04M	39.8M	23.1M	33.26M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Current Liabilities	0	6.37M	3.08M	4.02M	4.75M	9.45M	1.86M	9.15M	30.22M	10.37M
Current Ratio	1.31x	1.70x	1.25x	1.64x	1.27x	0.89x	0.61x	0.58x	0.59x	0.69x
Quick Ratio	0.79x	1.28x	0.83x	1.06x	0.65x	0.42x	0.33x	0.25x	0.20x	0.19x
Cash Conversion Cycle	17.91	53.75	52.89	48.67	62.4	58.4	1.44	71.48	33.51	119.18
Total Non-Current Liabilities+	282.52M	265.86M	214.58M	204.81M	165.25M	123.66M	103.12M	199.45M	163.6M	111.93M
Long-Term Debt	219.5M	204.94M	165.77M	155.66M	140.59M	101.82M	84.67M	68.71M	82.45M	37.39M
Capital Lease Obligations	0	0	0	0	0	602K	0	230K	8.16M	8.75M
Deferred Tax Liabilities	0	0	0	0	0	2.82M	0	28.13M	9.23M	0
Other Non-Current Liabilities	13.98M	15.6M	20.08M	22.72M	24.66M	18.42M	18.45M	18.28M	16.33M	16.67M
Total Liabilities	338.67M	311.62M	268.87M	256.63M	230.1M	194.87M	167.75M	439.05M	321.19M	264.83M
Total Debt+	244.36M	233.74M	198.94M	181.05M	173.64M	142.22M	107.77M	102.2M	94.54M	53.05M
Net Debt	233.54M	223.95M	186.46M	165.54M	164.84M	130.15M	105.22M	95.78M	91.7M	45.82M
Debt / Equity	1.18x	1.08x	0.80x	0.70x	0.89x	0.75x	0.58x	0.48x	0.35x	0.51x
Debt / EBITDA	2.79x	3.02x	3.03x	2.86x	3.13x	3.33x	3.18x	1.32x	0.72x	-
Net Debt / EBITDA	2.67x	2.89x	2.84x	2.61x	2.97x	3.04x	3.10x	1.24x	0.69x	-
Interest Coverage	2.80x	2.76x	2.12x	1.11x	0.35x	0.23x	-0.55x	2.56x	4.74x	-15.75x
Total Equity+	206.82M	216.89M	249.32M	258.87M	195.53M	189.26M	186.24M	215.02M	268.59M	104.28M
Equity Growth %	0.09%	0.05%	0.15%	0.04%	-0.24%	-0.03%	-0.02%	0.15%	0.25%	-0.61%
Book Value per Share	7.12	7.41	8.41	8.61	6.46	6.22	6.08	6.39	7.29	2.64
Total Shareholders' Equity	206.82M	216.89M	249.32M	254.87M	191.53M	185.26M	182.24M	215.02M	268.59M	104.28M
Common Stock	292K	294K	299K	302K	304K	306K	308K	330K	341K	426K
Retained Earnings	114.34M	122.05M	150.24M	153.83M	89.01M	81.56M	77.8M	95.91M	140.7M	-85.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88K	728K	915K	0	0	0	0	0	0	0
Minority Interest	0	0	0	4M	4M	4M	4M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	94.66M	60.92M	61.57M	51.57M	38.24M	52.58M	47.97M	54.17M	59.41M	65.93M
Operating CF Margin %	0.28%	0.22%	0.23%	0.18%	0.12%	0.22%	0.19%	0.15%	0.09%	0.16%
Operating CF Growth %	0.69%	-0.36%	0.01%	-0.16%	-0.26%	0.37%	-0.09%	0.13%	0.1%	0.11%
Net Income	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Depreciation & Amortization	45.71M	58.69M	46.55M	48.12M	51.94M	41.93M	28.19M	46.88M	69.02M	69M
Stock-Based Compensation	3.13M	2.54M	7.27M	3.17M	1.83M	1.21M	1M	1.27M	3.55M	4.6M
Deferred Taxes	6.42M	-4.96M	-19.66M	-2.29M	0	-2.06M	26K	1.76M	4.63M	-9.23M
Other Non-Cash Items	1.89M	3.35M	2.69M	3.19M	59.79M	3.68M	558K	-19.7M	-36.88M	147.01M
Working Capital Changes	17.37M	-11.22M	-8.36M	-8.25M	-15.47M	14.04M	21.95M	5.86M	-25.7M	80.69M
Change in Receivables	10.63M	-5.63M	5.53M	-1.67M	-7.31M	11.17M	830K	-16.3M	9.95M	4.5M
Change in Inventory	8.47M	5.98M	-2.66M	-8.11M	-10.73M	5.76M	15.85M	-32.13M	4.97M	-13.84M
Change in Payables	-1.69M	-11.19M	-815K	5.7M	0	157K	5.63M	24.04M	-18.99M	-14.58M
Cash from Investing+	-30.53M	-49.32M	-22.3M	-26.01M	-30.2M	-18.19M	-27.52M	-53.37M	-75.29M	-46.47M
Capital Expenditures	-31.17M	-42.19M	-28.62M	-35.09M	-35.53M	-20.69M	-28.05M	-54.02M	-75.35M	-53.37M
CapEx % of Revenue	0.09%	0.15%	0.11%	0.12%	0.11%	0.08%	0.11%	0.15%	0.12%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	641K	189K	6.33M	-35.01M	5.33M	-20.63M	0	0	62K	6.9M
Cash from Financing+	-61.67M	-17.74M	-39.79M	-21.76M	-14.83M	-35.63M	-26.69M	-207K	16.57M	-14.43M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.79M	-4.8M	-4.89M	-4.94M	-4.96M	-1.24M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	4.94M	2.97M	-1.19M	0	0	-2.68M	1.3M	-950K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	63.49M	18.73M	32.95M	16.48M	2.71M	31.89M	19.92M	149K	-15.94M	12.57M
FCF Margin %	0.19%	0.07%	0.12%	0.06%	0.01%	0.13%	0.08%	0%	-0.03%	0.03%
FCF Growth %	1.11%	-0.71%	0.76%	-0.5%	-0.84%	10.77%	-0.38%	-0.99%	-107.97%	1.79%
FCF per Share	2.19	0.64	1.11	0.55	0.09	1.05	0.65	0.00	-0.43	0.32
FCF Conversion (FCF/Net Income)	4.70x	4.87x	1.86x	6.77x	-0.64x	-8.45x	-12.78x	2.99x	1.33x	-0.29x
Interest Paid	0	0	11.66M	0	11.64M	0	0	0	0	0
Taxes Paid	0	0	1.56M	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.15%	5.91%	14.19%	3%	-26.34%	-3.23%	-2%	9.02%	18.52%	-121.29%
Return on Invested Capital (ROIC)	7.13%	7.01%	4.5%	3.15%	1.08%	0.68%	-1.48%	7.58%	14.53%	-64.11%
Gross Margin	16.98%	18.13%	14.75%	11.05%	6.61%	23.86%	19.71%	26.35%	52.24%	55.84%
Net Margin	5.93%	4.49%	12.33%	2.61%	-18.86%	-2.55%	-1.52%	5%	7.06%	-55.92%
Debt / Equity	1.18x	1.08x	0.80x	0.70x	0.89x	0.75x	0.58x	0.48x	0.35x	0.51x
Interest Coverage	2.80x	2.76x	2.12x	1.11x	0.35x	0.23x	-0.55x	2.56x	4.74x	-15.75x
FCF Conversion	4.70x	4.87x	1.86x	6.77x	-0.64x	-8.45x	-12.78x	2.99x	1.33x	-0.29x
Revenue Growth	45.14%	-17.84%	-3.84%	8.79%	8.79%	-23.06%	1.4%	46.16%	75.39%	-36.3%

Revenue by Segment

	2012	2013	2018	2019	2022	2023	2024
Coal Sales	-	-	291.78M	317.44M	289.38M	-	137.45M
Coal Sales Growth	-	-	-	8.79%	-8.84%	-	-
Electric Operations	-	-	-	-	-	268.34M	-
Electric Operations Growth	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-69.29M	-
Corporate and Other Growth	-	-	-	-	-	-	-
Other Revenue	-	-	1.77M	6.03M	-	-	-
Other Revenue Growth	-	-	-	239.68%	-	-	-
Equity Investmentin SELLP	-	42.25M	-	-	-	-	-
Equity Investmentin SELLP Growth	-	-	-	-	-	-	-
Equity Investmentin Savoy	32.05M	-	-	-	-	-	-
Equity Investmentin Savoy Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Hallador Energy Company (HNRG) reported $461.7M in revenue for fiscal year 2024. This represents a 206% increase from $151.0M in 2011.

Hallador Energy Company (HNRG) saw revenue decline by 36.3% over the past year.

Hallador Energy Company (HNRG) reported a net loss of $173.7M for fiscal year 2024.

Dividend & Returns

Hallador Energy Company (HNRG) has a return on equity (ROE) of -121.3%. Negative ROE indicates the company is unprofitable.

Hallador Energy Company (HNRG) generated $53.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Hallador Energy Company (HNRG) 10-Year Financial Performance & Capital Metrics

HNRG • • Industrial / General

EnergyCoalThermal Coal ProducersIllinois Basin Thermal Producers

Revenue $404M -36.3%
EBITDA -$153M -215.4%
Net Income -$226M -604.9%
EPS (Diluted) -5.72 -557.6%
Gross Margin 55.84% +6.9%
EBITDA Margin -37.72% -281.1%
Operating Margin -53.95% -626.8%
Net Margin -55.92% -892.6%
ROE -121.29% -754.8%
ROIC -64.11% -541.2%
Debt/Equity 0.51 +44.5%
Interest Coverage -15.75 -432.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.63%

5Y4.96%

3Y17.76%

TTM8.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-743.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-586.8%

ROCE

10Y Avg-1.66%

5Y Avg-8.87%

3Y Avg-14.43%

Latest-67.29%

Peer Comparison

Illinois Basin Thermal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HNRGHallador Energy Company	905.49M	19.43	-3.40	-36.3%	-37.61%	-118.81%	1.39%	0.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	339.49M	278.92M	268.2M	291.78M	317.44M	244.24M	247.67M	361.99M	634.88M	404.39M
Revenue Growth %	0.45%	-0.18%	-0.04%	0.09%	0.09%	-0.23%	0.01%	0.46%	0.75%	-0.36%
Cost of Goods Sold+	281.84M	228.34M	228.65M	259.53M	296.44M	185.96M	198.84M	266.61M	303.24M	178.59M
COGS % of Revenue	0.83%	0.82%	0.85%	0.89%	0.93%	0.76%	0.8%	0.74%	0.48%	0.44%
Gross Profit+	57.65M	50.58M	39.56M	32.25M	21M	58.28M	48.83M	95.38M	331.63M	225.8M
Gross Margin %	0.17%	0.18%	0.15%	0.11%	0.07%	0.24%	0.2%	0.26%	0.52%	0.56%
Gross Profit Growth %	0.65%	-0.12%	-0.22%	-0.18%	-0.35%	1.78%	-0.16%	0.95%	2.48%	-0.32%
Operating Expenses+	14.66M	12.19M	16.69M	14.19M	15.35M	55.19M	54.87M	64.95M	266.62M	443.95M
OpEx % of Revenue	0.04%	0.04%	0.06%	0.05%	0.05%	0.23%	0.22%	0.18%	0.42%	1.1%
Selling, General & Admin	12.62M	10.52M	14.98M	11.84M	12.85M	11.59M	14.83M	16.42M	178.58M	142.69M
SG&A % of Revenue	0.04%	0.04%	0.06%	0.04%	0.04%	0.05%	0.06%	0.05%	0.28%	0.35%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.24M	2.21M	36.78M	64.58M	2.5M	43.59M	40.04M	48.54M	88.05M	301.26M
Operating Income+	43.63M	40.91M	26.3M	18.06M	5.65M	3.1M	-6.04M	30.43M	65.01M	-218.16M
Operating Margin %	0.13%	0.15%	0.1%	0.06%	0.02%	0.01%	-0.02%	0.08%	0.1%	-0.54%
Operating Income Growth %	0.57%	-0.06%	-0.36%	-0.31%	-0.69%	-0.45%	-2.95%	6.03%	1.14%	-4.36%
EBITDA+	87.57M	77.51M	65.65M	63.39M	55.5M	42.74M	33.93M	77.31M	132.22M	-152.53M
EBITDA Margin %	0.26%	0.28%	0.24%	0.22%	0.17%	0.17%	0.14%	0.21%	0.21%	-0.38%
EBITDA Growth %	0.53%	-0.11%	-0.15%	-0.03%	-0.12%	-0.23%	-0.21%	1.28%	0.71%	-2.15%
D&A (Non-Cash Add-back)	43.94M	36.59M	39.36M	45.33M	49.84M	39.64M	39.97M	46.88M	67.21M	65.63M
EBIT	43.13M	23.96M	27.02M	19.83M	-64.02M	1.79M	4.78M	28.14M	59.74M	-223.44M
Net Interest Income+	-15.56M	-14.84M	-12.41M	-16.29M	-16M	-13.42M	-11.07M	-11.88M	-13.71M	-13.85M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	15.56M	14.84M	12.41M	16.29M	16M	13.42M	11.07M	11.88M	13.71M	13.85M
Other Income/Expense	-16.05M	-32.43M	-12.41M	-14.51M	-87.85M	-11.98M	2.32M	-10.57M	-15.75M	-17.39M
Pretax Income+	27.57M	8.48M	13.88M	3.55M	-82.2M	-8.88M	-3.73M	19.86M	49.26M	-235.54M
Pretax Margin %	0.08%	0.03%	0.05%	0.01%	-0.26%	-0.04%	-0.02%	0.05%	0.08%	-0.58%
Income Tax+	7.44M	-4.03M	-19.19M	-4.08M	-22.35M	-2.66M	26K	1.76M	4.46M	-9.4M
Effective Tax Rate %	0.73%	1.47%	2.38%	2.15%	0.73%	0.7%	1.01%	0.91%	0.91%	0.96%
Net Income+	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Net Margin %	0.06%	0.04%	0.12%	0.03%	-0.19%	-0.03%	-0.02%	0.05%	0.07%	-0.56%
Net Income Growth %	0.97%	-0.38%	1.64%	-0.77%	-8.85%	0.9%	0.4%	5.82%	1.47%	-6.05%
Net Income (Continuing)	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	4M	4M	4M	4M	0	0	0
EPS (Diluted)+	0.68	0.42	1.08	0.25	-1.98	-0.20	-0.12	0.55	1.25	-5.72
EPS Growth %	1%	-0.38%	1.57%	-0.77%	-8.92%	0.9%	0.4%	5.58%	1.27%	-5.58%
EPS (Basic)	0.68	0.42	1.08	0.25	-1.98	-0.20	-0.12	0.57	1.35	-5.72
Diluted Shares Outstanding	29.03M	29.26M	29.66M	30.07M	30.25M	30.45M	30.61M	33.65M	36.83M	39.5M
Basic Shares Outstanding	29.03M	29.26M	29.66M	30.07M	30.25M	30.45M	30.61M	32.04M	33.13M	39.5M
Dividend Payout Ratio	0.24%	0.38%	0.15%	0.65%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	66.61M	82.75M	67.69M	84.98M	82.45M	63.33M	39.24M	138.52M	92.81M	104.86M
Cash & Short-Term Investments	17.27M	18.87M	15.88M	17.83M	9.04M	12.07M	2.55M	6.43M	2.84M	7.23M
Cash Only	15.93M	9.79M	12.48M	15.5M	8.8M	12.07M	2.55M	6.43M	2.84M	7.23M
Short-Term Investments	1.34M	9.08M	3.4M	2.33M	245K	0	0	0	0	0
Accounts Receivable	16.68M	22.31M	16.76M	18.43M	25.58M	14.41M	13.58M	49.46M	19.94M	15.44M
Days Sales Outstanding	17.93	29.19	22.81	23.05	29.41	21.54	20.02	49.87	11.46	13.93
Inventory	26.17M	20.19M	22.85M	30.15M	40.07M	33.57M	17.71M	78.09M	61.95M	75.79M
Days Inventory Outstanding	33.89	32.27	36.47	42.41	49.34	65.88	32.52	106.91	74.57	154.89
Other Current Assets	0	11.74M	6.71M	7.2M	6.07M	0	3.28M	0	5.82M	4.92M
Total Non-Current Assets+	478.88M	448.57M	446.56M	430.52M	343.18M	320.8M	314.74M	515.56M	496.97M	264.26M
Property, Plant & Equipment	445.24M	422.76M	420.01M	412.64M	329.72M	309.36M	302.82M	480.46M	488.63M	257.7M
Fixed Asset Turnover	0.76x	0.66x	0.64x	0.71x	0.96x	0.79x	0.82x	0.75x	1.30x	1.57x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	17.11M	11.7M	11.89M	3.67M	3.14M	3.18M	3.54M	3.99M	2.81M	2.61M
Other Non-Current Assets	4.85M	14.11M	4.94M	4.03M	5.71M	8.26M	-19.64M	7.58M	5.52M	3.95M
Total Assets+	545.49M	528.51M	518.19M	515.5M	425.63M	384.13M	353.98M	654.08M	589.78M	369.12M
Asset Turnover	0.62x	0.53x	0.52x	0.57x	0.75x	0.64x	0.70x	0.55x	1.08x	1.10x
Asset Growth %	-0.06%	-0.03%	-0.02%	-0.01%	-0.17%	-0.1%	-0.08%	0.85%	-0.1%	-0.37%
Total Current Liabilities+	51.04M	48.71M	54.29M	51.81M	64.84M	71.21M	64.63M	239.6M	157.59M	152.9M
Accounts Payable	26.18M	4.83M	4.01M	11.94M	13.28M	14.79M	27.84M	62.31M	43.64M	24.29M
Days Payables Outstanding	33.91	7.72	6.4	16.79	16.35	29.02	51.1	85.3	52.52	49.64
Short-Term Debt	24.86M	28.8M	33.17M	25.39M	33.04M	39.8M	23.1M	33.26M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	1000K	1000K	1000K
Other Current Liabilities	0	6.37M	3.08M	4.02M	4.75M	9.45M	1.86M	9.15M	30.22M	10.37M
Current Ratio	1.31x	1.70x	1.25x	1.64x	1.27x	0.89x	0.61x	0.58x	0.59x	0.69x
Quick Ratio	0.79x	1.28x	0.83x	1.06x	0.65x	0.42x	0.33x	0.25x	0.20x	0.19x
Cash Conversion Cycle	17.91	53.75	52.89	48.67	62.4	58.4	1.44	71.48	33.51	119.18
Total Non-Current Liabilities+	282.52M	265.86M	214.58M	204.81M	165.25M	123.66M	103.12M	199.45M	163.6M	111.93M
Long-Term Debt	219.5M	204.94M	165.77M	155.66M	140.59M	101.82M	84.67M	68.71M	82.45M	37.39M
Capital Lease Obligations	0	0	0	0	0	602K	0	230K	8.16M	8.75M
Deferred Tax Liabilities	0	0	0	0	0	2.82M	0	28.13M	9.23M	0
Other Non-Current Liabilities	13.98M	15.6M	20.08M	22.72M	24.66M	18.42M	18.45M	18.28M	16.33M	16.67M
Total Liabilities	338.67M	311.62M	268.87M	256.63M	230.1M	194.87M	167.75M	439.05M	321.19M	264.83M
Total Debt+	244.36M	233.74M	198.94M	181.05M	173.64M	142.22M	107.77M	102.2M	94.54M	53.05M
Net Debt	233.54M	223.95M	186.46M	165.54M	164.84M	130.15M	105.22M	95.78M	91.7M	45.82M
Debt / Equity	1.18x	1.08x	0.80x	0.70x	0.89x	0.75x	0.58x	0.48x	0.35x	0.51x
Debt / EBITDA	2.79x	3.02x	3.03x	2.86x	3.13x	3.33x	3.18x	1.32x	0.72x	-
Net Debt / EBITDA	2.67x	2.89x	2.84x	2.61x	2.97x	3.04x	3.10x	1.24x	0.69x	-
Interest Coverage	2.80x	2.76x	2.12x	1.11x	0.35x	0.23x	-0.55x	2.56x	4.74x	-15.75x
Total Equity+	206.82M	216.89M	249.32M	258.87M	195.53M	189.26M	186.24M	215.02M	268.59M	104.28M
Equity Growth %	0.09%	0.05%	0.15%	0.04%	-0.24%	-0.03%	-0.02%	0.15%	0.25%	-0.61%
Book Value per Share	7.12	7.41	8.41	8.61	6.46	6.22	6.08	6.39	7.29	2.64
Total Shareholders' Equity	206.82M	216.89M	249.32M	254.87M	191.53M	185.26M	182.24M	215.02M	268.59M	104.28M
Common Stock	292K	294K	299K	302K	304K	306K	308K	330K	341K	426K
Retained Earnings	114.34M	122.05M	150.24M	153.83M	89.01M	81.56M	77.8M	95.91M	140.7M	-85.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88K	728K	915K	0	0	0	0	0	0	0
Minority Interest	0	0	0	4M	4M	4M	4M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	94.66M	60.92M	61.57M	51.57M	38.24M	52.58M	47.97M	54.17M	59.41M	65.93M
Operating CF Margin %	0.28%	0.22%	0.23%	0.18%	0.12%	0.22%	0.19%	0.15%	0.09%	0.16%
Operating CF Growth %	0.69%	-0.36%	0.01%	-0.16%	-0.26%	0.37%	-0.09%	0.13%	0.1%	0.11%
Net Income	20.13M	12.51M	33.08M	7.62M	-59.85M	-6.22M	-3.75M	18.11M	44.79M	-226.14M
Depreciation & Amortization	45.71M	58.69M	46.55M	48.12M	51.94M	41.93M	28.19M	46.88M	69.02M	69M
Stock-Based Compensation	3.13M	2.54M	7.27M	3.17M	1.83M	1.21M	1M	1.27M	3.55M	4.6M
Deferred Taxes	6.42M	-4.96M	-19.66M	-2.29M	0	-2.06M	26K	1.76M	4.63M	-9.23M
Other Non-Cash Items	1.89M	3.35M	2.69M	3.19M	59.79M	3.68M	558K	-19.7M	-36.88M	147.01M
Working Capital Changes	17.37M	-11.22M	-8.36M	-8.25M	-15.47M	14.04M	21.95M	5.86M	-25.7M	80.69M
Change in Receivables	10.63M	-5.63M	5.53M	-1.67M	-7.31M	11.17M	830K	-16.3M	9.95M	4.5M
Change in Inventory	8.47M	5.98M	-2.66M	-8.11M	-10.73M	5.76M	15.85M	-32.13M	4.97M	-13.84M
Change in Payables	-1.69M	-11.19M	-815K	5.7M	0	157K	5.63M	24.04M	-18.99M	-14.58M
Cash from Investing+	-30.53M	-49.32M	-22.3M	-26.01M	-30.2M	-18.19M	-27.52M	-53.37M	-75.29M	-46.47M
Capital Expenditures	-31.17M	-42.19M	-28.62M	-35.09M	-35.53M	-20.69M	-28.05M	-54.02M	-75.35M	-53.37M
CapEx % of Revenue	0.09%	0.15%	0.11%	0.12%	0.11%	0.08%	0.11%	0.15%	0.12%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	641K	189K	6.33M	-35.01M	5.33M	-20.63M	0	0	62K	6.9M
Cash from Financing+	-61.67M	-17.74M	-39.79M	-21.76M	-14.83M	-35.63M	-26.69M	-207K	16.57M	-14.43M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.79M	-4.8M	-4.89M	-4.94M	-4.96M	-1.24M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	4.94M	2.97M	-1.19M	0	0	-2.68M	1.3M	-950K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	63.49M	18.73M	32.95M	16.48M	2.71M	31.89M	19.92M	149K	-15.94M	12.57M
FCF Margin %	0.19%	0.07%	0.12%	0.06%	0.01%	0.13%	0.08%	0%	-0.03%	0.03%
FCF Growth %	1.11%	-0.71%	0.76%	-0.5%	-0.84%	10.77%	-0.38%	-0.99%	-107.97%	1.79%
FCF per Share	2.19	0.64	1.11	0.55	0.09	1.05	0.65	0.00	-0.43	0.32
FCF Conversion (FCF/Net Income)	4.70x	4.87x	1.86x	6.77x	-0.64x	-8.45x	-12.78x	2.99x	1.33x	-0.29x
Interest Paid	0	0	11.66M	0	11.64M	0	0	0	0	0
Taxes Paid	0	0	1.56M	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.15%	5.91%	14.19%	3%	-26.34%	-3.23%	-2%	9.02%	18.52%	-121.29%
Return on Invested Capital (ROIC)	7.13%	7.01%	4.5%	3.15%	1.08%	0.68%	-1.48%	7.58%	14.53%	-64.11%
Gross Margin	16.98%	18.13%	14.75%	11.05%	6.61%	23.86%	19.71%	26.35%	52.24%	55.84%
Net Margin	5.93%	4.49%	12.33%	2.61%	-18.86%	-2.55%	-1.52%	5%	7.06%	-55.92%
Debt / Equity	1.18x	1.08x	0.80x	0.70x	0.89x	0.75x	0.58x	0.48x	0.35x	0.51x
Interest Coverage	2.80x	2.76x	2.12x	1.11x	0.35x	0.23x	-0.55x	2.56x	4.74x	-15.75x
FCF Conversion	4.70x	4.87x	1.86x	6.77x	-0.64x	-8.45x	-12.78x	2.99x	1.33x	-0.29x
Revenue Growth	45.14%	-17.84%	-3.84%	8.79%	8.79%	-23.06%	1.4%	46.16%	75.39%	-36.3%

Revenue by Segment

	2012	2013	2018	2019	2022	2023	2024
Coal Sales	-	-	291.78M	317.44M	289.38M	-	137.45M
Coal Sales Growth	-	-	-	8.79%	-8.84%	-	-
Electric Operations	-	-	-	-	-	268.34M	-
Electric Operations Growth	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-69.29M	-
Corporate and Other Growth	-	-	-	-	-	-	-
Other Revenue	-	-	1.77M	6.03M	-	-	-
Other Revenue Growth	-	-	-	239.68%	-	-	-
Equity Investmentin SELLP	-	42.25M	-	-	-	-	-
Equity Investmentin SELLP Growth	-	-	-	-	-	-	-
Equity Investmentin Savoy	32.05M	-	-	-	-	-	-
Equity Investmentin Savoy Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Hallador Energy Company (HNRG) reported $461.7M in revenue for fiscal year 2024. This represents a 206% increase from $151.0M in 2011.

Hallador Energy Company (HNRG) saw revenue decline by 36.3% over the past year.

Hallador Energy Company (HNRG) reported a net loss of $173.7M for fiscal year 2024.

Dividend & Returns

Hallador Energy Company (HNRG) has a return on equity (ROE) of -121.3%. Negative ROE indicates the company is unprofitable.

Hallador Energy Company (HNRG) generated $53.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.