HALLADOR ENERGY CO

For the period ended Dec 31, 2025. Filed Mar 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 12, 2026

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

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Contents

Consolidated Statements of Operations

For the years ended December 31,

(in thousands, except per share data)


· 2025 · · 2024
SALES AND OPERATING REVENUES: · · · ·
Electric sales	$310,737	$261,527
Coal sales	148,655	137,448
Other revenues	10,074	5,184
Total sales and operating revenues	469,466	404,159
EXPENSES:
Fuel	63,854	49,343
Other operating and maintenance costs	129,246	118,364
Cost of purchased power	20,892	10,888
Utilities	16,801	15,914
Labor	110,678	116,164
Depreciation, depletion and amortization	41,222	65,626
Asset retirement obligations accretion	1,764	1,628
Exploration costs	216	260
General and administrative	26,226	26,527
Gain on disposal or abandonment of assets, net	(2,489)	(50)
Asset impairment	—	215,136
Settlement of litigation	—	2,750
Total operating expenses	408,410	622,550

INCOME (LOSS) FROM OPERATIONS	61,056	(218,391)

Interest income	602	235
Interest expense (1)	(16,896)	(13,850)
Loss on extinguishment of debt	(608)	(2,790)
Equity method investment (loss)	(450)	(746)
NET INCOME (LOSS) BEFORE INCOME TAXES	43,704	(235,542)

INCOME TAX EXPENSE (BENEFIT):
Current	—	(169)
Deferred	1,833	(9,235)
Total income tax expense (benefit)	1,833	(9,404)

NET INCOME (LOSS)	$41,871	$(226,138)

NET INCOME (LOSS) PER SHARE:
Basic	$0.98	$(5.72)
Diluted	$0.96	$(5.72)

WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	42,932	39,504
Diluted	43,432	39,504

(1) Interest Expense:
Interest on bank debt	$5,806	$9,286
Other interest	9,097	2,817
Amortization of debt issuance costs	1,993	1,747
Total interest expense	$16,896	$13,850

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.