📊 HNRG Key Takeaways
Is Hallador Energy Co (HNRG) a Good Investment?
Hallador Energy is currently unprofitable with negative operating margins (-5.6%) and problematic working capital (0.80x current ratio), creating near-term financial distress despite 16.2% revenue growth. While positive free cash flow and improving year-over-year earnings suggest a potential recovery trajectory, the company's inability to cover interest expenses from operations and negative returns on capital indicate material operational challenges that have not yet been resolved.
Revenue growth and solid operating profitability with strong ROE and low leverage point to a fundamentally resilient operator. However, tight liquidity and capex-heavy spending are suppressing free cash flow, while net income is flat, limiting near‑term earnings momentum. Improvement in FCF conversion and working capital would be needed to get more constructive.
Why Buy Hallador Energy Co Stock? HNRG Key Strengths
- Revenue growing 16.2% YoY with $101.8M in sales
- Positive operating cash flow of $20.5M and free cash flow of $12.8M (12.6% FCF margin)
- Conservative capital structure with low debt-to-equity ratio of 0.14x and only $29.7M long-term debt
- Year-over-year profitability improvement with EPS loss narrowing 116.8% and net income loss improving 118.5%
- Recent insider activity with 6 Form 4 filings in last 90 days
- Mid‑teens revenue growth with 13% operating margin
- High ROE (26.2%) with low debt (0.19x D/E)
- Consistently positive operating cash flow
HNRG Stock Risks: Hallador Energy Co Investment Risks
- Company is currently unprofitable with -$9.3M net income and -$5.7M operating income, destroying shareholder value
- Severe working capital deficit with current ratio of 0.80x and quick ratio of 0.80x, indicating liquidity stress
- Negative interest coverage ratio of -1.4x means operating income cannot cover interest obligations
- Negative ROE (-4.5%) and ROA (-2.1%) demonstrate failure to generate returns on invested capital
- For a regulated utility company, operational losses suggest structural pricing pressure or operational failure requiring intervention
- Sub‑1x current/quick ratios and low cash balance
- Capex intensity driving weak FCF margin (2.5%)
- Moderate interest coverage (3.6x) leaves limited cushion if earnings soften
Key Metrics to Watch
- Operating margin progression toward breakeven and profitability
- Current ratio trend toward 1.0x or above to resolve working capital deficit
- Interest coverage ratio improvement to positive territory
- Free cash flow sustainability and whether positive FCF persists through business stabilization
- Free cash flow margin
- Current ratio
Hallador Energy Co (HNRG) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
HNRG Profit Margin, ROE & Profitability Analysis
HNRG vs Utilities Sector: How Hallador Energy Co Compares
How Hallador Energy Co compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Hallador Energy Co Stock Overvalued? HNRG Valuation Analysis 2026
Based on fundamental analysis, Hallador Energy Co has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Hallador Energy Co Balance Sheet: HNRG Debt, Cash & Liquidity
HNRG Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Hallador Energy Co's revenue has declined by 25% over the 5-year period, indicating business contraction. The most recent EPS of $-5.72 indicates the company is currently unprofitable.
HNRG Revenue Growth, EPS Growth & YoY Performance
HNRG Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $101.8M | -$9.3M | $-0.20 |
| Q3 2025 | $105.2M | $1.6M | $0.04 |
| Q2 2025 | $93.8M | $8.2M | $0.19 |
| Q1 2025 | $111.6M | -$1.7M | $-0.05 |
| Q3 2024 | $105.0M | $1.6M | $0.04 |
| Q2 2024 | $90.9M | -$10.2M | $-0.27 |
| Q1 2024 | $109.7M | -$1.7M | $-0.05 |
| Q3 2023 | $85.1M | $1.6M | $0.05 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Hallador Energy Co Dividends, Buybacks & Capital Allocation
HNRG SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Hallador Energy Co (CIK: 0000788965)
📋 Recent SEC Filings
❓ Frequently Asked Questions about HNRG
What is the AI rating for HNRG?
Hallador Energy Co (HNRG) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are HNRG's key strengths?
Claude: Revenue growing 16.2% YoY with $101.8M in sales. Positive operating cash flow of $20.5M and free cash flow of $12.8M (12.6% FCF margin). ChatGPT: Mid‑teens revenue growth with 13% operating margin. High ROE (26.2%) with low debt (0.19x D/E).
What are the risks of investing in HNRG?
Claude: Company is currently unprofitable with -$9.3M net income and -$5.7M operating income, destroying shareholder value. Severe working capital deficit with current ratio of 0.80x and quick ratio of 0.80x, indicating liquidity stress. ChatGPT: Sub‑1x current/quick ratios and low cash balance. Capex intensity driving weak FCF margin (2.5%).
What is HNRG's revenue and growth?
Hallador Energy Co reported revenue of $101.8M.
Does HNRG pay dividends?
Hallador Energy Co does not currently pay dividends.
Where can I find HNRG SEC filings?
Official SEC filings for Hallador Energy Co (CIK: 0000788965) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is HNRG's EPS?
Hallador Energy Co has a diluted EPS of $-0.20.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is HNRG a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Hallador Energy Co has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is HNRG stock overvalued or undervalued?
Valuation metrics for HNRG: ROE of -4.5% (sector avg: 10%), net margin of -9.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy HNRG stock in 2026?
Our dual AI analysis gives Hallador Energy Co a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is HNRG's free cash flow?
Hallador Energy Co's operating cash flow is $20.5M, with capital expenditures of $7.7M. FCF margin is 12.6%.
How does HNRG compare to other Utilities stocks?
Vs Utilities sector averages: Net margin -9.2% (avg: 12%), ROE -4.5% (avg: 10%), current ratio 0.80 (avg: 0.8).