Northland Securities Estimates Hallador Energy Q3 Earnings

Key Points

• Northland Securities cut Hallador Energy’s earnings forecasts, projecting a third-quarter 2026 loss of $0.07 per share versus its prior $0.02-loss estimate and a full-year 2026 loss of $0.79 per share. The firm expects losses to continue through 2028, including a $1.05-per-share loss in 2027.
• Hallador’s shares were down 7.8% and opened at $13.65, near their 52-week low of $13.19. The stock has a “Moderate Buy” consensus rating and an average analyst price target of $24.88, despite mixed recent broker recommendations.
• Separately, Hallador secured six-year capacity and energy agreements worth approximately $700 million, raising its forward sales backlog to about $3 billion. The contracts improve long-term revenue visibility, although recent quarterly results still showed a larger-than-expected loss.

Hallador Energy Company (NASDAQ:HNRG - Free Report) - Analysts at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for shares of Hallador Energy in a research report issued on Tuesday, October 6th. Northland Securities analyst J. Grampp now forecasts that the energy company will earn ($0.07) per share for the quarter, down from their prior estimate of ($0.02). The consensus estimate for Hallador Energy's current full-year earnings is ($0.29) per share. Northland Securities also issued estimates for Hallador Energy's Q4 2026 earnings at ($0.20) EPS, FY2026 earnings at ($0.79) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.56) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.31) EPS, FY2027 earnings at ($1.05) EPS and FY2028 earnings at ($0.29) EPS.

Several other brokerages also recently weighed in on HNRG. Alliance Global Partners raised shares of Hallador Energy to a "strong-buy" rating in a research note on Friday, August 14th. Wall Street Zen lowered shares of Hallador Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Weiss Ratings downgraded shares of Hallador Energy from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Finally, Zacks Research cut shares of Hallador Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.88.

Hallador Energy Stock Down 7.8%

HNRG opened at $13.65 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $643.46 million, a P/E ratio of 682.50 and a beta of 0.45. Hallador Energy has a 52 week low of $13.19 and a 52 week high of $24.70. The business's fifty day simple moving average is $15.31 and its 200 day simple moving average is $16.37.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.20). Hallador Energy had a negative return on equity of 0.52% and a negative net margin of 0.20%.The company had revenue of $101.51 million during the quarter, compared to analyst estimates of $90.33 million.

Institutional Trading of Hallador Energy

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Hallador Energy during the second quarter valued at about $49,594,000. Dimensional Fund Advisors LP grew its holdings in shares of Hallador Energy by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company's stock worth $16,658,000 after purchasing an additional 109,781 shares during the period. Apis Capital Advisors LLC increased its position in Hallador Energy by 7.0% during the 4th quarter. Apis Capital Advisors LLC now owns 914,000 shares of the energy company's stock worth $17,403,000 after purchasing an additional 60,000 shares in the last quarter. Deutsche Bank AG purchased a new position in Hallador Energy in the second quarter valued at approximately $13,534,000. Finally, Empyrean Capital Partners LP acquired a new position in Hallador Energy during the first quarter valued at approximately $8,140,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy News Summary

Here are the key news stories impacting Hallador Energy this week:

• Positive Sentiment: Hallador announced that subsidiary Hallador Power executed six-year capacity and energy agreements with an investment-grade MISO Zone 6 utility for deliveries from June 2029 through May 2035. The agreements, which require no regulatory approval, represent approximately $700 million in contracted sales and lift Hallador’s forward sales backlog to about $3 billion. The long-term commitments improve revenue visibility and could support the company’s power-generation business. Hallador Executes $700M Sale, Record Price Lifts Forward Sales to $3 Billion
• Negative Sentiment: Northland Securities significantly lowered its earnings outlook for Hallador. The firm cut its 2026 EPS forecast to a loss of $0.79 from a loss of $0.44, and reduced its 2027 forecast to a loss of $1.05 from a prior estimate of $0.27 profit. It also lowered projected third-quarter 2026 EPS to a loss of $0.07 from a loss of $0.02 and fourth-quarter EPS to a loss of $0.20 from a prior forecast of $0.10 profit.
• Negative Sentiment: The broader Northland forecast indicates continued losses through 2028, including estimated losses of $0.09 per share in first-quarter 2027, $0.56 in second-quarter 2027, $0.31 in fourth-quarter 2027, and $0.29 for full-year 2028. These revisions reinforce concerns about near-term profitability despite Hallador’s improved contracted-sales visibility.

Hallador Energy Company Profile

Hallador Energy, Inc is an energy company focused primarily on the production and marketing of thermal coal. Through its subsidiary Sunrise Coal, the company operates mining properties in the Illinois Basin, with activities concentrated in southwestern Indiana. Its coal is sold mainly to electric utilities and other industrial customers for use in power generation.

Hallador's operations include the Oaktown and Carlisle mining complexes in Indiana, which produce coal for domestic energy markets.

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