Hallador Energy (HNRG) financials
Hallador Energy revenue and earnings by year
Hallador Energy's revenue was $469 million in the fiscal year to December 31, 2025, up 16.2% from the year before. Net income was $41.9 million, 8.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 469 | 404 | 635 | 362 | 248 | 244 | 323 | 294 | 272 | 281 |
| Revenue growth | 16.2% | -36.3% | 75.4% | 46.2% | 1.4% | -24.5% | 10.2% | 8.1% | -3.5% | — |
| Gross profit | 128 | 93 | 161 | 95 | 49 | 58 | 76 | 78 | 81 | 89 |
| Gross margin | 27.3% | 23.1% | 25.4% | 26.3% | 19.7% | 23.9% | 23.4% | 26.6% | 30.0% | 31.5% |
| Operating income | 61 | -218 | 65 | 30 | -6 | 3 | -66 | 20 | 26 | 23 |
| Operating margin | 13.0% | -54.0% | 10.2% | 8.4% | -2.4% | 1.3% | -20.5% | 6.8% | 9.7% | 8.3% |
| Net income | 42 | -226 | 45 | 18 | -4 | -6 | -60 | 8 | 33 | 13 |
| Net margin | 8.9% | -56.0% | 7.1% | 5.0% | -1.5% | -2.5% | -18.5% | 2.6% | 12.2% | 4.4% |
| Diluted EPS | $0.96 | -$5.72 | $1.25 | $0.55 | -$0.12 | -$0.20 | -$1.95 | $0.25 | $1.09 | $0.42 |
| Free cash flow | 15 | 17 | -16 | 1 | 20 | 32 | 6 | 17 | 38 | 41 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HNRG in Markets.
How Hallador Energy makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Electric Sales | $59.5M | 59.3% |
| Delivered Energy | $40.9M | 40.7% |
See also: HNRG valuation and P/E history · HNRG returns
No forecast, no recommendation. This page describes Hallador Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.