HALLADOR ENERGY CO

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 10, 2025

HNRG$10.59+4.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except per share data)


· September 30, · December 31, ·
· · 2025 · · 2024 ·
ASSETS
Current assets:
Cash and cash equivalents	$12,663	$7,232
Restricted cash	22,819	4,921
Accounts receivable	24,763	15,438
Inventory	28,006	36,685
Parts and supplies	44,002	39,104
Prepaid expenses	4,293	1,478
Total current assets	136,546	104,858
Property, plant and equipment:
Land and mineral rights	69,961	70,307
Buildings and equipment	454,040	429,857
Mine development	99,852	92,458
Finance lease right-of-use assets	13,034	13,034
Total property, plant and equipment	636,887	605,656
Less - accumulated depreciation, depletion and amortization	(370,903)	(347,952)
Total property, plant and equipment, net	265,984	257,704
Equity method investments	2,713	2,607
Other assets	4,218	3,951
Total assets	$409,461	$369,120

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of bank debt, net	$42,698	$4,095
Accounts payable and accrued liabilities	44,010	44,298
Current portion of lease financing	7,395	6,912
Contract liabilities - current	113,244	97,598
Total current liabilities	207,347	152,903
Long-term liabilities:
Bank debt, net	—	37,394
Long-term lease financing	3,140	8,749
Asset retirement obligations	16,268	14,957
Contract liabilities - long-term	34,362	49,121
Other	2,156	1,711
Total long-term liabilities	55,926	111,932
Total liabilities	263,273	264,835
Commitments and contingencies (Note 16)
Stockholders' equity:
Preferred stock, $.10 par value, 10,000 shares authorized; none issued	—	—
Common stock, $.01 par value, 100,000 shares authorized; 42,978 and 42,621 issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively	430	426
Additional paid-in capital	189,086	189,298
Retained deficit	(43,328)	(85,439)
Total stockholders’ equity	146,188	104,285
Total liabilities and stockholders’ equity	$409,461	$369,120

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.