Hallador Energy (HNRG) Financials

$14.97 +0.26 (+1.77%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$14.74 -0.24 (-1.57%)

As of 05/6/2025 06:20 PM Eastern

Annual Income Statements for Hallador Energy

This table shows Hallador Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	17	45	-226
Consolidated Net Income / (Loss)	18	45	-226
Net Income / (Loss) Continuing Operations	17	45	-226
Total Pre-Tax Income	20	49	-236
Total Operating Income	30	65	-218
Total Gross Profit	95	161	94
Total Revenue	362	635	404
Operating Revenue	362	635	399
Other Revenue	-	-	5.42
Total Cost of Revenue	267	473	311
Operating Cost of Revenue	267	473	311
Total Operating Expenses	65	96	312
Selling, General & Admin Expense	16	26	27
Exploration Expense	0.65	0.90	0.26
Depreciation Expense	47	67	66
Other Operating Expenses / (Income)	1.01	1.80	1.63
Impairment Charge	-	0.00	215
Other Special Charges / (Income)	-	-	2.70
Total Other Income / (Expense), net	-11	-16	-19
Interest Expense	8.28	12	17
Interest & Investment Income	0.44	-0.55	-0.75
Other Income / (Expense), net	-3.60	-3.63	-1.75
Income Tax Expense	1.76	4.47	-9.40
Basic Earnings per Share	$0.57	$1.35	($5.72)
Weighted Average Basic Shares Outstanding	32.04M	33.13M	39.50M
Diluted Earnings per Share	$0.55	$1.25	($5.72)
Weighted Average Diluted Shares Outstanding	33.65M	36.83M	39.50M
Weighted Average Basic & Diluted Shares Outstanding	32.98M	34.89M	42.62M

This table shows Hallador Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1.61	29	22	17	16	-10	-1.70	-10	1.12	-215
Consolidated Net Income / (Loss)	1.61	30	22	17	16	-10	-1.70	-10	1.55	-216
Net Income / (Loss) Continuing Operations	1.61	29	22	17	16	-10	-1.70	-10	1.12	-215
Total Pre-Tax Income	2.21	31	25	18	19	-14	-2.31	-13	1.79	-222
Total Operating Income	5.40	35	29	22	24	-10	2.73	-7.29	4.71	-218
Total Gross Profit	21	56	55	46	47	14	25	15	25	29
Total Revenue	85	152	188	161	166	120	110	91	105	99
Operating Revenue	85	152	187	160	166	123	108	90	103	98
Other Revenue	-	-	1.34	1.60	-	-	1.29	1.27	1.67	1.20
Total Cost of Revenue	65	96	134	115	119	105	85	76	80	70
Operating Cost of Revenue	65	96	134	115	119	105	85	76	80	70
Total Operating Expenses	15	21	26	24	23	24	22	22	21	247
Selling, General & Admin Expense	3.57	5.98	6.95	5.60	6.05	7.56	5.94	7.80	6.47	6.31
Exploration Expense	0.12	0.26	0.21	0.31	0.17	0.22	0.07	0.05	0.06	0.08
Depreciation Expense	11	15	18	17	16	16	15	14	14	23
Other Operating Expenses / (Income)	0.26	0.26	0.45	0.46	0.47	0.42	0.40	0.40	0.41	0.42
Total Other Income / (Expense), net	-3.19	-4.14	-3.83	-3.76	-4.70	-3.87	-5.04	-5.93	-3.36	-4.80
Interest Expense	2.36	2.36	3.90	3.54	3.92	0.61	4.79	5.67	2.69	3.49
Interest & Investment Income	0.17	-0.06	0.07	-0.22	-0.18	-0.23	-0.25	-0.26	-0.23	-0.01
Income Tax Expense	0.60	0.92	3.35	1.57	3.03	-3.49	-0.61	-3.01	0.23	-6.02
Basic Earnings per Share	$0.05	$0.96	$0.67	$0.51	$0.49	($0.32)	($0.05)	($0.27)	$0.04	($5.44)
Weighted Average Basic Shares Outstanding	32.98M	32.04M	32.98M	33.14M	33.14M	33.13M	34.82M	37.88M	42.60M	39.50M
Diluted Earnings per Share	$0.05	$0.94	$0.61	$0.47	$0.44	($0.27)	($0.05)	($0.27)	$0.04	($5.44)
Weighted Average Diluted Shares Outstanding	33.27M	33.65M	36.74M	36.71M	36.85M	36.83M	34.82M	37.88M	43.02M	39.50M
Weighted Average Basic & Diluted Shares Outstanding	32.98M	32.98M	33.14M	33.14M	33.14M	34.89M	37.03M	42.60M	42.62M	42.62M

This table details how cash moves in and out of Hallador Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.60	0.70	5.03
Net Cash From Operating Activities	54	59	66
Net Cash From Continuing Operating Activities	54	59	66
Net Income / (Loss) Continuing Operations	18	45	-226
Consolidated Net Income / (Loss)	18	45	-226
Depreciation Expense	47	67	66
Amortization Expense	-16	-94	-68
Non-Cash Adjustments To Reconcile Net Income	-2.30	5.04	223
Changes in Operating Assets and Liabilities, net	7.62	36	71
Net Cash From Investing Activities	-53	-75	-46
Net Cash From Continuing Investing Activities	-53	-75	-46
Purchase of Property, Plant & Equipment	-54	-75	-53
Acquisitions	-	0.00	-0.54
Sale of Property, Plant & Equipment	0.66	0.06	4.24
Other Investing Activities, net	-	0.00	3.20
Net Cash From Financing Activities	-0.21	17	-14
Net Cash From Continuing Financing Activities	-0.21	17	-14
Repayment of Debt	-80	-66	-153
Issuance of Debt	81	66	105
Issuance of Common Equity	0.00	7.32	35
Other Financing Activities, net	0.00	8.98	-0.78
Cash Interest Paid	8.12	9.97	11

This table details how cash moves in and out of Hallador Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-1.89	-4.06	-0.08	0.02	0.35	0.41	-0.75	4.36	-1.09	2.51
Net Cash From Operating Activities	14	40	26	18	35	-20	16	24	-13	39
Net Cash From Continuing Operating Activities	14	40	26	18	35	-20	16	24	-13	39
Net Income / (Loss) Continuing Operations	1.61	30	22	17	16	-10	-1.70	-10	1.55	-216
Consolidated Net Income / (Loss)	1.61	30	22	17	16	-10	-1.70	-10	1.55	-216
Depreciation Expense	11	15	18	17	16	16	15	14	14	23
Amortization Expense	1.00	-19	-14	-5.57	-9.68	-64	-12	-12	-11	-34
Non-Cash Adjustments To Reconcile Net Income	-1.09	0.79	1.88	0.93	1.57	0.65	1.50	3.99	1.21	217
Changes in Operating Assets and Liabilities, net	0.95	13	-1.44	-11	11	38	14	28	-19	49
Net Cash From Investing Activities	-15	-16	-13	-17	-18	-27	-15	-11	-11	-10
Net Cash From Continuing Investing Activities	-15	-16	-14	-17	-18	-27	-15	-11	-11	-10
Purchase of Property, Plant & Equipment	-15	-16	-14	-17	-18	-27	-15	-13	-12	-14
Sale of Property, Plant & Equipment	-	-0.10	0.02	0.05	-	-	0.02	2.45	0.90	0.87
Net Cash From Financing Activities	-0.11	-29	-13	-1.03	-17	47	-2.27	-8.45	22	-26
Net Cash From Continuing Financing Activities	-0.11	-29	-13	-1.03	-17	47	-2.27	-8.45	22	-26
Repayment of Debt	-23	-43	-29	-10	-24	-3.32	-27	-65	-0.58	-61
Issuance of Debt	23	14	17	9.00	7.00	33	17	29	25	35
Other Financing Activities, net	-	-	-1.11	-	-0.04	10	0.69	0.16	-1.44	-0.18
Cash Interest Paid	0.74	3.33	3.12	1.89	3.06	1.90	3.08	3.23	2.37	1.83

This table presents Hallador Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	631	590	369
Total Current Assets	139	93	105
Cash & Equivalents	3.01	2.84	7.23
Restricted Cash	3.42	4.28	4.92
Accounts Receivable	30	20	15
Inventories, net	78	62	76
Prepaid Expenses	4.55	2.26	1.48
Other Current Nonoperating Assets	-	1.54	0.00
Plant, Property, & Equipment, net	480	489	258
Plant, Property & Equipment, gross	790	824	606
Accumulated Depreciation	309	335	348
Total Noncurrent Assets	12	8.33	6.56
Long-Term Investments	3.99	2.81	2.61
Other Noncurrent Operating Assets	7.59	5.52	3.95
Total Liabilities & Shareholders' Equity	631	590	369
Total Liabilities	416	321	265
Total Current Liabilities	240	158	153
Short-Term Debt	33	24	4.10
Accounts Payable	83	63	44
Current Deferred Revenue	35	66	98
Other Current Liabilities	88	3.93	6.91
Total Noncurrent Liabilities	176	164	112
Long-Term Debt	69	82	37
Capital Lease Obligations	0.00	8.16	8.75
Asset Retirement Reserve & Litigation Obligation	17	15	15
Noncurrent Deferred Revenue	-	47	49
Noncurrent Deferred & Payable Income Tax Liabilities	4.61	9.24	0.00
Other Noncurrent Operating Liabilities	85	1.79	1.71
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	215	269	104
Total Preferred & Common Equity	215	269	104
Preferred Stock	-	-	0.00
Total Common Equity	215	269	104
Common Stock	119	128	190
Retained Earnings	96	141	-85

This table presents Hallador Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	383	617	600	585	585	595	580
Total Current Assets	58	130	113	92	93	104	100
Cash & Equivalents	7.00	2.44	2.34	2.57	1.64	6.45	3.83
Restricted Cash	3.48	3.91	4.03	4.14	4.74	4.28	5.81
Accounts Receivable	17	33	21	21	14	19	12
Inventories, net	29	81	82	61	70	72	71
Prepaid Expenses	2.22	3.38	3.10	4.16	2.61	2.03	5.96
Other Current Nonoperating Assets	-	-	-	-	-	-	1.54
Plant, Property, & Equipment, net	313	476	477	483	482	482	472
Plant, Property & Equipment, gross	611	802	820	842	831	831	832
Accumulated Depreciation	298	326	343	359	349	349	360
Total Noncurrent Assets	12	11	10	10	9.69	9.48	7.86
Long-Term Investments	4.05	3.43	3.22	3.04	2.56	2.31	2.07
Other Noncurrent Operating Assets	7.83	7.28	7.18	7.15	7.13	7.18	5.79
Total Liabilities & Shareholders' Equity	383	617	600	585	585	595	580
Total Liabilities	199	379	345	313	302	279	261
Total Current Liabilities	163	209	178	172	164	196	172
Short-Term Debt	110	32	18	21	29	18	24
Accounts Payable	52	84	71	77	47	46	43
Current Deferred Revenue	-	38	41	26	41	85	57
Other Current Liabilities	-	54	48	48	47	47	47
Total Noncurrent Liabilities	37	170	167	142	137	83	89
Long-Term Debt	19	59	74	55	60	25	43
Capital Lease Obligations	-	-	-	-	9.70	11	9.23
Asset Retirement Reserve & Litigation Obligation	12	17	17	16	15	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	3.69	7.53	9.04	12	8.63	5.61	5.85
Other Noncurrent Operating Liabilities	1.72	86	67	58	38	27	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	184	237	255	272	284	316	319
Total Preferred & Common Equity	184	237	255	272	284	316	319
Preferred Stock	0.00	-	0.00	-	-	0.00	0.00
Total Common Equity	184	237	255	272	284	316	319
Common Stock	118	119	120	121	145	187	188
Retained Earnings	66	118	135	151	139	129	130

This table displays calculated financial ratios and metrics derived from Hallador Energy's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	46.16%	75.39%	-36.30%
EBITDA Growth	69.69%	-39.54%	-739.91%
EBIT Growth	411.68%	128.79%	-458.26%
NOPAT Growth	755.66%	113.12%	-358.31%
Net Income Growth	582.29%	147.41%	-604.85%
EPS Growth	558.33%	127.27%	-557.60%
Operating Cash Flow Growth	12.91%	9.68%	10.97%
Free Cash Flow Firm Growth	-77.54%	-211.27%	1,291.35%
Invested Capital Growth	7.63%	21.48%	-62.45%
Revenue Q/Q Growth	31.43%	-4.87%	-4.81%
EBITDA Q/Q Growth	52.82%	-72.79%	-3,384.18%
EBIT Q/Q Growth	458.87%	-44.10%	-2,075.32%
NOPAT Q/Q Growth	630.07%	-40.55%	-2,058.04%
Net Income Q/Q Growth	192.13%	-47.34%	-998.08%
EPS Q/Q Growth	0.00%	-49.19%	-940.00%
Operating Cash Flow Q/Q Growth	117.74%	-50.39%	859.46%
Free Cash Flow Firm Q/Q Growth	156.82%	-111.26%	258.56%
Invested Capital Q/Q Growth	2.60%	9.91%	-63.39%
Profitability Metrics	-	-	-
Gross Margin	26.35%	25.44%	23.18%
EBITDA Margin	15.90%	5.48%	-55.08%
Operating Margin	8.41%	10.24%	-53.95%
EBIT Margin	7.41%	9.67%	-54.38%
Profit (Net Income) Margin	5.00%	7.06%	-55.92%
Tax Burden Percent	91.16%	90.94%	96.01%
Interest Burden Percent	74.03%	80.25%	107.11%
Effective Tax Rate	8.84%	9.06%	0.00%
Return on Invested Capital (ROIC)	9.39%	17.43%	-59.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.77%	2.73%	-165.27%
Return on Net Nonoperating Assets (RNNOA)	-0.36%	1.10%	-61.63%
Return on Equity (ROE)	9.02%	18.52%	-121.29%
Cash Return on Invested Capital (CROIC)	2.03%	-1.97%	31.13%
Operating Return on Assets (OROA)	5.45%	10.06%	-45.87%
Return on Assets (ROA)	3.68%	7.34%	-47.17%
Return on Common Equity (ROCE)	8.93%	18.52%	-121.29%
Return on Equity Simple (ROE_SIMPLE)	8.42%	16.68%	-216.85%
Net Operating Profit after Tax (NOPAT)	28	59	-153
NOPAT Margin	7.66%	9.31%	-37.76%
Net Nonoperating Expense Percent (NNEP)	10.16%	14.70%	105.61%
Return On Investment Capital (ROIC_SIMPLE)	-	15.41%	-98.83%
Cost of Revenue to Revenue	73.65%	74.56%	76.82%
SG&A Expenses to Revenue	4.54%	4.12%	6.56%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.94%	15.13%	77.12%
Earnings before Interest and Taxes (EBIT)	27	61	-220
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	35	-223
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.53	1.09	4.68
Price to Tangible Book Value (P/TBV)	1.53	1.09	4.68
Price to Revenue (P/Rev)	0.91	0.46	1.21
Price to Earnings (P/E)	19.11	6.54	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	5.23%	15.29%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.37	1.07	3.75
Enterprise Value to Revenue (EV/Rev)	1.16	0.63	1.29
Enterprise Value to EBITDA (EV/EBITDA)	7.31	11.44	0.00
Enterprise Value to EBIT (EV/EBIT)	15.69	6.49	0.00
Enterprise Value to NOPAT (EV/NOPAT)	15.17	6.73	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.77	6.70	7.94
Enterprise Value to Free Cash Flow (EV/FCFF)	70.00	0.00	6.57
Leverage & Solvency	-	-	-
Debt to Equity	0.47	0.43	0.48
Long-Term Debt to Equity	0.32	0.34	0.44
Financial Leverage	0.47	0.40	0.37
Leverage Ratio	2.45	2.52	2.57
Compound Leverage Factor	1.82	2.03	2.75
Debt to Total Capital	32.12%	29.99%	32.51%
Short-Term Debt to Total Capital	10.43%	6.37%	2.65%
Long-Term Debt to Total Capital	21.69%	23.62%	29.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.88%	70.01%	67.49%
Debt to EBITDA	1.77	3.31	-0.23
Net Debt to EBITDA	1.59	3.02	-0.16
Long-Term Debt to EBITDA	1.19	2.60	-0.21
Debt to NOPAT	3.67	1.95	-0.33
Net Debt to NOPAT	3.29	1.78	-0.23
Long-Term Debt to NOPAT	2.48	1.53	-0.30
Altman Z-Score	1.21	2.17	-0.25
Noncontrolling Interest Sharing Ratio	1.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.58	0.59	0.69
Quick Ratio	0.14	0.14	0.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	6.01	-6.69	80
Operating Cash Flow to CapEx	101.51%	78.91%	134.21%
Free Cash Flow to Firm to Interest Expense	0.73	-0.56	4.79
Operating Cash Flow to Interest Expense	6.54	4.96	3.96
Operating Cash Flow Less CapEx to Interest Expense	0.10	-1.33	1.01
Efficiency Ratios	-	-	-
Asset Turnover	0.74	1.04	0.84
Accounts Receivable Turnover	16.65	25.48	22.86
Inventory Turnover	5.57	6.76	4.51
Fixed Asset Turnover	0.92	1.31	1.08
Accounts Payable Turnover	4.28	6.49	5.80
Days Sales Outstanding (DSO)	21.92	14.32	15.96
Days Inventory Outstanding (DIO)	65.58	53.99	80.91
Days Payable Outstanding (DPO)	85.22	56.24	62.98
Cash Conversion Cycle (CCC)	2.27	12.07	33.90
Capital & Investment Metrics	-	-	-
Invested Capital	306	372	140
Invested Capital Turnover	1.23	1.87	1.58
Increase / (Decrease) in Invested Capital	22	66	-232
Enterprise Value (EV)	421	398	523
Market Capitalization	329	293	488
Book Value per Share	$6.52	$8.10	$2.45
Tangible Book Value per Share	$6.52	$8.10	$2.45
Total Capital	317	384	155
Total Debt	102	115	50
Total Long-Term Debt	69	91	46
Net Debt	91	105	35
Capital Expenditures (CapEx)	53	75	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-74	-47	-56
Debt-free Net Working Capital (DFNWC)	-68	-40	-44
Net Working Capital (NWC)	-101	-65	-48
Net Nonoperating Expense (NNE)	9.63	14	73
Net Nonoperating Obligations (NNO)	91	104	35
Total Depreciation and Amortization (D&A)	31	-27	-2.83
Debt-free, Cash-free Net Working Capital to Revenue	-20.57%	-7.48%	-13.87%
Debt-free Net Working Capital to Revenue	-18.80%	-6.35%	-10.87%
Net Working Capital to Revenue	-27.92%	-10.20%	-11.88%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.57	$1.35	($5.72)
Adjusted Weighted Average Basic Shares Outstanding	32.04M	33.13M	39.50M
Adjusted Diluted Earnings per Share	$0.55	$1.25	($5.72)
Adjusted Weighted Average Diluted Shares Outstanding	33.65M	36.83M	39.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.98M	34.89M	42.62M
Normalized Net Operating Profit after Tax (NOPAT)	28	59	-0.22
Normalized NOPAT Margin	7.66%	9.31%	-0.06%
Pre Tax Income Margin	5.49%	7.76%	-58.25%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.24	5.13	-13.22
NOPAT to Interest Expense	3.35	4.94	-9.18
EBIT Less CapEx to Interest Expense	-3.21	-1.16	-16.17
NOPAT Less CapEx to Interest Expense	-3.10	-1.35	-12.13
Payout Ratios	-	-	-
Dividend Payout Ratio	3.23%	0.00%	0.00%
Augmented Payout Ratio	3.23%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Hallador Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.59%	132.13%	219.71%	144.50%	94.83%	-21.36%	-41.77%	-43.60%	-36.63%	-17.41%
EBITDA Growth	80.18%	294.92%	2,133.31%	227.06%	79.42%	-300.91%	-82.37%	-115.68%	-75.65%	-290.97%
EBIT Growth	439.51%	1,071.37%	434.05%	1,462.16%	427.30%	-131.29%	-90.65%	-132.75%	-81.58%	-2,026.17%
NOPAT Growth	341.22%	1,516.96%	517.78%	3,663.31%	408.49%	-121.45%	-92.46%	-125.06%	-79.53%	-2,026.17%
Net Income Growth	-79.81%	487.56%	317.59%	599.56%	897.21%	-134.15%	-107.69%	-160.33%	-90.33%	-2,005.70%
EPS Growth	0.00%	0.00%	284.85%	527.27%	780.00%	-128.72%	-108.20%	-157.45%	-90.91%	-1,914.81%
Operating Cash Flow Growth	-43.44%	267.67%	777.12%	772.02%	158.38%	-149.99%	-37.31%	29.73%	-136.58%	293.65%
Free Cash Flow Firm Growth	-103.89%	-58.87%	-139.59%	-231.78%	-1,318.85%	-719.79%	-336.58%	-9.12%	-95.60%	209.02%
Invested Capital Growth	1.82%	7.63%	13.41%	14.74%	13.40%	21.48%	17.46%	5.90%	12.75%	-62.45%
Revenue Q/Q Growth	29.05%	78.73%	23.85%	-14.41%	2.84%	-27.86%	-7.98%	-17.10%	15.54%	-5.98%
EBITDA Q/Q Growth	60.24%	75.93%	12.61%	3.02%	-12.09%	-297.01%	518.50%	-191.64%	236.47%	-3,263.34%
EBIT Q/Q Growth	369.44%	645.75%	-10.91%	-23.91%	4.30%	-144.26%	126.62%	-366.59%	158.66%	-5,207.98%
NOPAT Q/Q Growth	789.56%	750.66%	-24.26%	-19.79%	-1.60%	-135.89%	126.62%	-366.59%	180.39%	-3,827.41%
Net Income Q/Q Growth	147.61%	1,761.85%	-26.53%	-23.29%	-4.97%	-163.75%	83.45%	-501.65%	115.23%	-13,986.23%
EPS Q/Q Growth	145.45%	1,780.00%	-35.11%	-22.95%	-6.38%	-161.36%	81.48%	-440.00%	114.81%	-13,700.00%
Operating Cash Flow Q/Q Growth	606.15%	194.63%	-35.10%	-30.56%	94.61%	-157.00%	181.39%	43.70%	-154.87%	401.79%
Free Cash Flow Firm Q/Q Growth	-108.11%	936.31%	-204.53%	-85.90%	12.69%	-265.32%	27.89%	53.53%	-56.50%	303.61%
Invested Capital Q/Q Growth	1.77%	2.60%	4.05%	5.61%	0.59%	9.91%	0.19%	-4.78%	7.09%	-63.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.13%	36.83%	29.10%	28.40%	28.19%	11.85%	22.42%	16.07%	24.27%	29.39%
EBITDA Margin	19.49%	19.18%	17.44%	21.00%	17.95%	-49.01%	5.28%	-5.84%	6.90%	-232.02%
Operating Margin	6.34%	22.71%	15.52%	13.80%	14.36%	-8.59%	2.49%	-8.01%	4.49%	-221.05%
EBIT Margin	5.17%	21.58%	15.52%	13.80%	14.00%	-8.59%	2.49%	-8.01%	4.07%	-221.05%
Profit (Net Income) Margin	1.89%	19.74%	11.71%	10.49%	9.70%	-8.57%	-1.55%	-11.22%	1.48%	-218.49%
Tax Burden Percent	73.01%	97.04%	86.80%	91.50%	84.14%	74.61%	73.55%	77.22%	87.01%	97.29%
Interest Burden Percent	50.18%	94.26%	86.90%	83.11%	82.35%	133.77%	-84.38%	181.38%	41.79%	101.60%
Effective Tax Rate	26.99%	2.96%	13.20%	8.50%	15.86%	0.00%	0.00%	0.00%	12.99%	0.00%
Return on Invested Capital (ROIC)	4.31%	26.99%	22.08%	23.52%	25.31%	-11.25%	2.80%	-7.86%	4.60%	-244.46%
ROIC Less NNEP Spread (ROIC-NNEP)	2.13%	23.31%	18.51%	19.94%	20.95%	-14.39%	-1.40%	-16.22%	0.68%	-335.03%
Return on Net Nonoperating Assets (RNNOA)	1.21%	11.02%	8.35%	8.76%	8.35%	-5.80%	-0.46%	-3.47%	0.15%	-124.94%
Return on Equity (ROE)	5.51%	38.01%	30.43%	32.28%	33.66%	-17.05%	2.34%	-11.33%	4.75%	-369.40%
Cash Return on Invested Capital (CROIC)	-3.58%	2.03%	8.05%	12.86%	18.65%	-1.97%	-5.21%	-3.92%	-13.95%	31.13%
Operating Return on Assets (OROA)	3.82%	15.87%	15.65%	16.60%	19.29%	-8.93%	2.30%	-6.51%	2.97%	-186.44%
Return on Assets (ROA)	1.40%	14.51%	11.81%	12.62%	13.36%	-8.92%	-1.43%	-9.12%	1.08%	-184.29%
Return on Common Equity (ROCE)	5.46%	37.63%	30.13%	31.98%	33.66%	-17.05%	2.34%	-11.33%	4.75%	-369.40%
Return on Equity Simple (ROE_SIMPLE)	-10.68%	0.00%	21.20%	27.70%	31.31%	0.00%	7.41%	-1.92%	-6.46%	0.00%
Net Operating Profit after Tax (NOPAT)	3.94	34	25	20	20	-7.19	1.91	-5.10	4.10	-153
NOPAT Margin	4.63%	22.03%	13.47%	12.63%	12.08%	-6.01%	1.74%	-5.61%	3.90%	-154.73%
Net Nonoperating Expense Percent (NNEP)	2.18%	3.68%	3.57%	3.58%	4.35%	3.14%	4.19%	8.36%	3.92%	90.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-1.87%	-	-	-	-98.90%
Cost of Revenue to Revenue	75.87%	63.17%	70.90%	71.60%	71.81%	88.15%	77.58%	83.93%	75.73%	70.61%
SG&A Expenses to Revenue	4.19%	3.93%	3.69%	3.47%	3.65%	6.32%	5.42%	8.58%	6.16%	6.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.78%	14.13%	13.58%	14.60%	13.83%	20.11%	19.93%	24.09%	19.78%	250.44%
Earnings before Interest and Taxes (EBIT)	4.40	33	29	22	23	-10	2.73	-7.29	4.27	-218
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	29	33	34	30	-59	5.79	-5.31	7.24	-229
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	1.53	1.28	1.11	1.76	1.09	0.66	0.91	1.26	4.68
Price to Tangible Book Value (P/TBV)	1.01	1.53	1.28	1.11	1.76	1.09	0.66	0.91	1.26	4.68
Price to Revenue (P/Rev)	0.67	0.91	0.62	0.48	0.72	0.46	0.33	0.59	0.95	1.21
Price to Earnings (P/E)	7.93	19.11	6.13	4.06	5.66	6.54	8.83	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.60%	5.23%	16.31%	24.64%	17.67%	15.29%	11.32%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.00	1.37	1.21	1.09	1.61	1.07	0.74	0.92	1.22	3.75
Enterprise Value to Revenue (EV/Rev)	1.09	1.16	0.78	0.62	0.82	0.63	0.50	0.68	1.10	1.29
Enterprise Value to EBITDA (EV/EBITDA)	7.96	7.31	4.16	3.18	4.26	11.44	4.03	11.14	68.75	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	15.69	5.63	4.00	4.96	6.49	7.18	36.52	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	15.17	6.22	4.37	5.48	6.73	7.35	52.17	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.06	7.77	4.98	3.73	4.55	6.70	5.57	5.96	67.85	7.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	70.00	15.93	9.02	9.17	0.00	0.00	0.00	0.00	6.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.47	0.39	0.36	0.28	0.43	0.35	0.17	0.24	0.48
Long-Term Debt to Equity	0.10	0.32	0.25	0.29	0.20	0.34	0.25	0.11	0.16	0.44
Financial Leverage	0.57	0.47	0.45	0.44	0.40	0.40	0.33	0.21	0.22	0.37
Leverage Ratio	1.97	2.45	2.36	2.23	2.13	2.52	2.31	2.09	1.97	2.57
Compound Leverage Factor	0.99	2.31	2.05	1.85	1.75	3.38	-1.95	3.80	0.82	2.61
Debt to Total Capital	41.25%	32.12%	27.80%	26.38%	22.01%	29.99%	25.95%	14.44%	19.30%	32.51%
Short-Term Debt to Total Capital	35.18%	10.43%	9.82%	5.09%	6.08%	6.37%	7.68%	4.85%	6.10%	2.65%
Long-Term Debt to Total Capital	6.07%	21.69%	17.98%	21.29%	15.93%	23.62%	18.27%	9.59%	13.20%	29.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.75%	67.88%	72.20%	73.62%	77.99%	70.01%	74.05%	85.56%	80.70%	67.49%
Debt to EBITDA	3.43	1.77	0.99	0.79	0.60	3.31	1.45	1.81	11.24	-0.23
Net Debt to EBITDA	3.04	1.59	0.88	0.71	0.52	3.02	1.32	1.37	9.52	-0.16
Long-Term Debt to EBITDA	0.50	1.19	0.64	0.64	0.43	2.60	1.02	1.20	7.69	-0.21
Debt to NOPAT	-24.68	3.67	1.48	1.09	0.77	1.95	2.64	8.49	-10.78	-0.33
Net Debt to NOPAT	-21.90	3.29	1.32	0.98	0.67	1.78	2.41	6.42	-9.12	-0.23
Long-Term Debt to NOPAT	-3.63	2.48	0.96	0.88	0.56	1.53	1.86	5.64	-7.37	-0.30
Altman Z-Score	1.23	1.24	1.55	1.78	2.38	1.77	1.52	1.51	1.85	-0.23
Noncontrolling Interest Sharing Ratio	1.06%	1.00%	0.97%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.36	0.58	0.62	0.63	0.54	0.59	0.57	0.53	0.58	0.69
Quick Ratio	0.15	0.14	0.17	0.13	0.14	0.14	0.10	0.13	0.09	0.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.41	12	-12	-23	-20	-73	-54	-25	-39	80
Operating Cash Flow to CapEx	88.44%	254.98%	192.18%	106.90%	194.55%	-75.60%	110.23%	219.42%	-121.04%	302.05%
Free Cash Flow to Firm to Interest Expense	-0.60	4.98	-3.16	-6.46	-5.10	-119.66	-11.22	-4.40	-14.52	22.83
Operating Cash Flow to Interest Expense	5.79	17.02	6.70	5.12	9.00	-32.97	3.42	4.15	-4.79	11.17
Operating Cash Flow Less CapEx to Interest Expense	-0.76	10.34	3.21	0.33	4.38	-76.59	0.32	2.26	-8.76	7.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.74	1.01	1.20	1.38	1.04	0.92	0.81	0.73	0.84
Accounts Receivable Turnover	16.59	16.65	20.24	30.41	35.65	25.48	23.46	23.96	26.06	22.86
Inventory Turnover	9.03	5.57	6.85	7.59	10.37	6.76	5.64	5.02	5.27	4.51
Fixed Asset Turnover	0.89	0.92	1.26	1.50	1.68	1.31	1.16	1.01	0.89	1.08
Accounts Payable Turnover	4.91	4.28	5.23	6.89	7.19	6.49	6.46	6.61	5.80	5.80
Days Sales Outstanding (DSO)	22.00	21.92	18.04	12.00	10.24	14.32	15.56	15.23	14.01	15.96
Days Inventory Outstanding (DIO)	40.42	65.58	53.28	48.06	35.19	53.99	64.71	72.78	69.29	80.91
Days Payable Outstanding (DPO)	74.32	85.22	69.84	52.99	50.75	56.24	56.53	55.26	62.98	62.98
Cash Conversion Cycle (CCC)	-11.90	2.27	1.48	7.08	-5.32	12.07	23.74	32.75	20.32	33.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	299	306	319	337	339	372	374	357	382	140
Invested Capital Turnover	0.93	1.23	1.64	1.86	2.09	1.87	1.60	1.40	1.18	1.58
Increase / (Decrease) in Invested Capital	5.35	22	38	43	40	66	56	20	43	-232
Enterprise Value (EV)	300	421	385	366	545	398	276	328	466	523
Market Capitalization	185	329	303	284	478	293	186	288	402	488
Book Value per Share	$5.58	$6.52	$7.19	$7.69	$8.20	$8.10	$8.14	$8.54	$7.48	$2.45
Tangible Book Value per Share	$5.58	$6.52	$7.19	$7.69	$8.20	$8.10	$8.14	$8.54	$7.48	$2.45
Total Capital	313	317	329	346	348	384	383	370	395	155
Total Debt	129	102	91	91	77	115	99	53	76	50
Total Long-Term Debt	19	69	59	74	55	91	70	35	52	46
Net Debt	115	91	82	82	67	105	91	40	65	35
Capital Expenditures (CapEx)	15	16	14	17	18	27	15	11	11	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.74	-74	-54	-54	-65	-47	-48	-84	-57	-56
Debt-free Net Working Capital (DFNWC)	5.74	-68	-47	-47	-58	-40	-42	-74	-48	-44
Net Working Capital (NWC)	-104	-101	-80	-65	-79	-65	-71	-92	-72	-48
Net Nonoperating Expense (NNE)	2.33	3.49	3.32	3.44	3.95	3.06	3.61	5.10	2.55	63
Net Nonoperating Obligations (NNO)	115	91	82	82	67	104	91	40	63	35
Total Depreciation and Amortization (D&A)	12	-3.64	3.62	12	6.55	-48	3.06	1.98	2.97	-11
Debt-free, Cash-free Net Working Capital to Revenue	-1.72%	-20.57%	-10.92%	-9.17%	-9.71%	-7.48%	-8.65%	-17.39%	-13.50%	-13.87%
Debt-free Net Working Capital to Revenue	2.09%	-18.80%	-9.63%	-8.08%	-8.70%	-6.35%	-7.51%	-15.18%	-11.23%	-10.87%
Net Working Capital to Revenue	-37.91%	-27.92%	-16.20%	-11.09%	-11.88%	-10.20%	-12.80%	-18.87%	-16.90%	-11.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.96	$0.67	$0.51	$0.49	($0.32)	($0.05)	($0.27)	$0.04	($5.44)
Adjusted Weighted Average Basic Shares Outstanding	32.98M	32.04M	32.98M	33.14M	33.14M	33.13M	34.82M	37.88M	42.60M	39.50M
Adjusted Diluted Earnings per Share	$0.00	$0.94	$0.61	$0.47	$0.44	($0.27)	($0.05)	($0.27)	$0.04	($5.44)
Adjusted Weighted Average Diluted Shares Outstanding	33.27M	33.65M	36.74M	36.71M	36.85M	36.83M	34.82M	37.88M	43.02M	39.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.98M	32.98M	33.14M	33.14M	33.14M	34.89M	37.03M	42.60M	42.62M	42.62M
Normalized Net Operating Profit after Tax (NOPAT)	3.94	34	25	20	20	-7.19	1.91	-5.10	4.10	-153
Normalized NOPAT Margin	4.63%	22.03%	13.47%	12.63%	12.08%	-6.01%	1.74%	-5.61%	3.90%	-154.73%
Pre Tax Income Margin	2.60%	20.34%	13.49%	11.47%	11.53%	-11.49%	-2.10%	-14.54%	1.70%	-224.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.86	13.88	7.50	6.28	5.92	-16.83	0.57	-1.28	1.59	-62.63
NOPAT to Interest Expense	1.67	14.17	6.51	5.75	5.11	-11.78	0.40	-0.90	1.52	-43.84
EBIT Less CapEx to Interest Expense	-4.68	7.21	4.01	1.49	1.29	-60.45	-2.53	-3.17	-2.37	-66.33
NOPAT Less CapEx to Interest Expense	-4.87	7.50	3.02	0.96	0.48	-55.40	-2.70	-2.79	-2.44	-47.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.98%	3.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.98%	3.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Hallador Energy's Financials

When does Hallador Energy's financial year end?

According to the most recent income statement we have on file, Hallador Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hallador Energy's net income changed over the last 2 years?

Hallador Energy's net income appears to be on an upward trend, with a most recent value of -$226.14 million in 2024, falling from $18.11 million in 2022. The previous period was $44.79 million in 2023. Check out Hallador Energy's forecast to explore projected trends and price targets.

What is Hallador Energy's operating income?

Hallador Energy's total operating income in 2024 was -$218.16 million, based on the following breakdown:

Total Gross Profit: $93.72 million
Total Operating Expenses: $311.88 million

How has Hallador Energy revenue changed over the last 2 years?

Over the last 2 years, Hallador Energy's total revenue changed from $361.99 million in 2022 to $404.39 million in 2024, a change of 11.7%.

How much debt does Hallador Energy have?

Hallador Energy's total liabilities were at $264.84 million at the end of 2024, a 17.5% decrease from 2023, and a 36.3% decrease since 2022.

How much cash does Hallador Energy have?

In the past 2 years, Hallador Energy's cash and equivalents has ranged from $2.84 million in 2023 to $7.23 million in 2024, and is currently $7.23 million as of their latest financial filing in 2024.

How has Hallador Energy's book value per share changed over the last 2 years?

Over the last 2 years, Hallador Energy's book value per share changed from 6.52 in 2022 to 2.45 in 2024, a change of -62.5%.

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This page (NASDAQ:HNRG) was last updated on 5/7/2025 by MarketBeat.com Staff

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Hallador Energy (HNRG) Financials

Frequently Asked Questions About Hallador Energy's Financials

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Hallador Energy (HNRG) Financials

Annual Income Statements for Hallador Energy

Quarterly Income Statements for Hallador Energy

Annual Cash Flow Statements for Hallador Energy

Quarterly Cash Flow Statements for Hallador Energy

Annual Balance Sheets for Hallador Energy

Quarterly Balance Sheets for Hallador Energy

Annual Metrics and Ratios for Hallador Energy

Quarterly Metrics and Ratios for Hallador Energy

Frequently Asked Questions About Hallador Energy's Financials

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