Hallador Energy (HNRG) financial statements
Hallador Energy reported revenue of $469M in fiscal 2025, up 5.8% a year over 9 years.
Net income was $42M and the operating margin 13.0%, against 3.0% in 2016.
Free cash flow was $12M.
The diluted share count rose 48% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hallador Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $281M | $272M | $294M | $317M | $242M | $244M | $362M | $635M | $404M | $469M |
| Cost of revenue | — | — | $215M | $248M | $186M | $199M | $267M | $473M | — | — |
| Gross profit | — | — | $78M | $70M | $56M | $45M | $95M | $161M | — | — |
| Selling, general and admin | $11M | $15M | $12M | $13M | $12M | $15M | $16M | $26M | $27M | $26M |
| Operating income | $8M | $14M | $4M | -$88M | $3M | -$6M | $30M | $65M | -$218M | $61M |
| Interest expense | $15M | $12M | $16M | $16M | $13M | $8M | $11M | $14M | $14M | $17M |
| Pre-tax income | $8M | $14M | $4M | -$82M | -$9M | -$4M | $20M | $49M | -$236M | $44M |
| Income tax | -$4M | -$19M | -$4M | -$22M | -$3M | $26,000 | $2M | $4M | -$9M | $2M |
| Net income | $13M | $33M | $8M | -$60M | -$6M | -$4M | $18M | $45M | -$226M | $42M |
| EPS (diluted) | $0.42 | $1.08 | $0.25 | -$1.95 | -$0.20 | -$0.12 | $0.55 | $1.25 | -$5.72 | $0.96 |
| Diluted shares | 29M | 30M | 30M | 30M | 30M | 31M | 34M | 37M | 40M | 43M |
| Gross margin | — | — | 26.6% | 21.9% | 23.2% | 18.5% | 26.3% | 25.4% | — | — |
| Operating margin | 3.0% | 5.1% | 1.2% | -27.8% | 1.3% | -2.5% | 8.4% | 10.2% | -54.0% | 13.0% |
| Net margin | 4.4% | 12.2% | 2.6% | -18.9% | -2.6% | -1.5% | 5.0% | 7.1% | -56.0% | 8.9% |
Balance sheet
Fiscal years, from Hallador Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $14M | $17M | $9M | $8M | $3M | $3M | $3M | $7M | $10M |
| Receivables | $22M | $17M | $18M | $26M | $14M | $14M | $30M | $20M | $15M | $14M |
| Total current assets | $83M | $68M | $85M | $82M | $63M | $39M | $139M | $93M | $105M | $123M |
| Property, plant and equipment | — | — | — | $330M | $309M | $303M | $480M | $489M | $258M | $278M |
| Total assets | $531M | $518M | $515M | $426M | $384M | $354M | $631M | $590M | $369M | $408M |
| Total current liabilities | $49M | $54M | $52M | $65M | $71M | $65M | $240M | $158M | $153M | $153M |
| Long-term debt | $208M | $167M | $161M | $141M | $97M | $85M | $50M | $63M | $37M | $30M |
| Total liabilities | $314M | $269M | $257M | $230M | $195M | $168M | $416M | $321M | $265M | $248M |
| Shareholders' equity | $217M | $249M | $255M | $192M | $185M | $215M | $215M | $269M | $104M | $160M |
| Net debt | $229M | $190M | $173M | $165M | $124M | $105M | $80M | $85M | $34M | $20M |
Cash flow
Fiscal years, from Hallador Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $61M | $66M | $52M | $38M | $53M | $48M | $54M | $59M | $66M | $81M |
| Capital spending | -$2M | — | $5M | $36M | $21M | $28M | $54M | $75M | $53M | $69M |
| Free cash flow | $63M | — | $47M | $3M | $32M | $20M | $149,000 | -$16M | $13M | $12M |
| Stock-based compensation | $3M | $7M | $3M | $2M | $1M | $1M | $1M | $4M | $4M | $4M |
| Dividends paid | $5M | $5M | $5M | $5M | $1M | $0 | — | — | — | — |
| Free cash flow margin | 22.2% | — | 15.9% | 0.9% | 13.2% | 8.2% | 0.0% | -2.5% | 3.1% | 2.5% |
| Dividends per share | $0.16 | $0.16 | $0.16 | $0.16 | $0.04 | — | — | — | — | — |
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Open HNRG in InvestinglyQuestions
What was Hallador Energy's revenue in 2025?
$469M in fiscal 2025, from its 10-K filing.
How much free cash flow does Hallador Energy generate?
$12M in fiscal 2025 (operating cash flow minus capital spending).
From Hallador Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.