HNRG · Hallador Energy Co
$13.95
+0.46 (+3.41%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$693.95M
Shares
47.14M
Volume · Oct 5
590.78K
Avg daily vol (3M)
729.82K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$13.49
Open$13.69
Day$13.38–14.06
52W close$13.49–23.81
Avg vol 30d672K
Short int3.9M · 8.3% float · 6.6d
Short vol38%
Last earningsAug 10, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 10
Up next
filed Aug 10, 2026
call held Aug 10, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$452.23M
Trailing 12 months
Net income (TTM)
−$912,000
Trailing 12 months
Revenue growth YoY
-1.3%
Year over year
Operating margin
3.8%
Trailing 12 months
P / E (TTM)
674.5
Trailing earnings · reciprocal yield 0.1%
FCF yield
-7.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+9.5%
Year over year · more shares
Price change (1Y)
-27.9%
Trailing year
Short interest
8.3%
Latest settlement · 6.6 days to cover
AI Brief
Q2 FY26 earnings call · Aug 10, 2026
Q2 FY26
TL;DR. Hallador's Q2 was weighed down by a planned Merom outage and elevated purchased-power costs, swinging it to a $15.2 million net loss and negative Adjusted EBITDA, but management advanced the Turtle Creek 460 MW gas project with a lower-than-expected budget (below $800 million, ~$1,700/kW) and an accelerated second-half-2028 COD, while contracted forward sales grew to $2.4 billion at the segment level through 2040.
Bullish
- + Turtle Creek total project cost lowered to below $800 million (~$1,700/kW), below the prior sub-$900 million guide.
- + Turtle Creek commercial operations target accelerated to second half of 2028.
- + Contracted forward sales position grew to $2.4 billion at the segment level with commitments extending through 2040.
- + Accredited capacity revenue rose 70% year-over-year to $18.6 million in Q2.
- + Total energy sales volume increased 17% year-over-year and third-party coal sales rose to $40.6 million on a 9% increase in average third-party price per ton.
Bearish
- − Q2 net loss of $15.2 million versus net income of $8.2 million in the prior-year period.
- − Adjusted EBITDA was negative $2.9 million in Q2 versus positive $3.4 million a year ago.
- − Operating cash flow used $23.9 million in Q2 versus $11.4 million provided a year ago, driven by outage-related profitability decline and higher purchased power.
- − Average delivered energy price fell to $41.69/MWh from $52.66/MWh, and management flagged a tough Q3 year-over-year comparison.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−22%
below
Price vs 50-day avg
−12%
below
RSI (14)
32
neutral
MACD trend
Negative
52-week position
0%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−16%
trailing
6-month return
−11%
trailing
YTD return
−29%
this year
Relative strength
−23%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $15 › 200d $17 — 200d above 50d
Institutional flow
Distributing
-6% holders QoQ · +27 funds added
Insider flow
Accumulating
Net +$168.6K over 90 days · 0% sells
Short interest
Rising
8.26% of float · ▲ +9.8% MoM · 6.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
175 holders — mid 3-yr range
Squeeze score
68
elevated · 0–100
Fundamentals
Revenue growth
+16%
Y/Y
EPS growth
+117%
Y/Y
Free cash flow
$11.9M
Balance sheet
$19.6M
net debt
Quant / Vol
risk profile
Volatility
61%
annualized · 1-yr
Max drawdown
−43%
past year
ATR
4.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 10, 2026
Total project cost
· Turtle Creek project
up to $800M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−22%
Bearish
Price vs 50-day avg
−12%
Bearish
RSI (14)
32
Neutral
MACD trend
Negative
Bearish
52-week position
0%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $15 › 200d $17 — 200d above 50d
Institutional flow
Distributing
-6% holders QoQ · +27 funds added
Insider flow
Accumulating
Net +$168.6K over 90 days · 0% sells
Short interest
Rising
8.26% of float · ▲ +9.8% MoM · 6.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
175 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $13
Now $13 · 0%
Range high $24
vs 200-day avg -22%
vs 50-day avg -12%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$2.9M | Q2 2026 | — |
| Average daily contracted accredited capacity MW | 500 | 2031 - 2040 | — |
| Capital expenditures | $26.3M | Q2 2026 | — |
| Contracted accredited capacity revenue (in millions) | $34.99M | 2026 (July 1 - December 31, 2026) | — |
| Contracted MWh (in millions) | 0.71M | 2029 | — |
| Contracted revenue | $1.8B | as of June 30, 2026 | — |
| MWh Generated (in thousands) | 797K | the three months ended June 30, 2026 filing | — |
| MWh Purchased (in thousands) | 184K | the three months ended June 30, 2026 filing | — |
| MWh Sold (in thousands) | 981K | the three months ended June 30, 2026 filing | — |
| Priced tons - 3rd party (in millions) | 0.5M | 2028 | — |
| Segment EBITDA | -$2.08M | the three months ended June 30, 2026 filing | — |
| Total bank debt | $45M | Q2 2026 | — |
| Total contracted revenue at the segment level | $2.4B | as of June 30, 2026 | — |
| Total liquidity | $84.2M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Independent Power Producers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HNRG
this stock
Hallador Energy Co
|
$693.95M | -29.1% | +16.2% | 736.0 | 8.3% |
|
CEG
Constellation Energy Corp
|
$88.46B | -27.1% | +8.3% | 24.3 | 3.3% |
|
VST
Vistra Corp.
|
$46.47B | -13.2% | +3.0% | 23.4 | 2.9% |
|
NRG
Nrg Energy, Inc.
|
$21.10B | -40.2% | +9.2% | 27.0 | 2.8% |
|
TLN
Talen Energy Corp
|
$14.59B | -14.4% | +22.0% | — | 5.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HNRG | -8.4% | -16.3% | -11.0% | -2.7% | -29.2% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -8.1% | -15.8% | -23.2% | -3.7% | -42.0% |