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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data)


· Three Months Ended September 30, · · Nine Months Ended September 30, ·
· · 2025 · 2024 · 2025 · 2024
SALES AND OPERATING REVENUES: · · · ·
Electric sales	$93,235	$72,116	$239,154	$192,996
Coal sales	51,256	31,662	119,588	114,093
Other revenues	2,355	1,377	8,780	3,685
Total sales and operating revenues	146,846	105,155	367,522	310,774
EXPENSES:
Fuel	27,119	13,755	57,392	34,684
Other operating and maintenance costs	44,415	32,741	101,759	103,704
Cost of purchased power	2,074	3,149	11,086	7,694
Utilities	4,543	3,586	13,202	12,090
Labor	27,574	26,721	81,402	88,444
Depreciation, depletion and amortization	9,142	13,838	29,661	42,930
Asset retirement obligations accretion	446	410	1,310	1,208
Exploration costs	38	62	157	179
General and administrative	4,770	6,471	19,096	20,218
Gain on disposal or abandonment of assets, net	(2,334)	(290)	(2,410)	(536)
Total operating expenses	117,787	100,443	312,655	310,615

INCOME FROM OPERATIONS	29,059	4,712	54,867	159

Interest expense (1)	(4,927)	(2,692)	(12,469)	(10,364)
Loss on extinguishment of debt	—	—	—	(2,790)
Equity method investment (loss)	(248)	(234)	(287)	(740)
NET INCOME (LOSS) BEFORE INCOME TAXES	23,884	1,786	42,111	(13,735)

INCOME TAX EXPENSE (BENEFIT):
Current	—	—	—	—
Deferred	—	232	—	(3,389)
Total income tax expense (benefit)	—	232	—	(3,389)

NET INCOME (LOSS)	$23,884	$1,554	$42,111	$(10,346)

NET INCOME (LOSS) PER SHARE:
Basic	$0.56	$0.04	$0.98	$(0.27)
Diluted	$0.55	$0.04	$0.97	$(0.27)

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	43,007	42,598	42,869	38,455
Diluted	43,434	43,018	43,287	38,455

(1) Interest Expense:
Interest on bank debt	$1,763	$2,073	$4,661	$7,657
Other interest	2,585	181	6,208	1,456
Amortization of debt issuance costs	579	438	1,600	1,251
Total interest expense	$4,927	$2,692	$12,469	$10,364

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.