HALLADOR ENERGY CO
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-10.
0001104659-25-109301
ITEM 1A. RISK FACTORSCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-06.
0001104659-26-056375
ITEM 1A. RISK FACTORSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 6 previous paragraphs and 2 current paragraphs.
1 unchanged; 1 reworded; 0 added; 4 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There have been no material changes to the risk factors disclosed in Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 12, 2026.
Removed paragraphs (4)
Previous report
Our Electric and Coal Operations are subject to extensive and costly laws and regulations, and such current and future laws and regulations could increase current operating costs or limit our ability to produce coal.
Previous report
In October 2025, the Company submitted an application for a National Pollutant Discharge Elimination System (“NPDES”) permit under the proposed U.S. Environmental Protection Agency’s ("EPA") Steam Electric Power Generating Effluent Guidelines ("ELG") Deadline Extensions Rule, published October 2, 2025. The proposed rule extends multiple compliance deadlines originally established by the 2024 ELG rule including deadlines for zero-discharge systems (e.g., flue gas desulfurization wastewater, bottom ash transport water, and combustion residual leachate) by five to six years (e.g., from December 31, 2029 to December 31, 2034) and includes new provisions for alternative applicability dates, transferability between compliance options and authorize alternative applicability dates based on site-specific considerations.
Previous report
The Company’s permit application was approved November 7, 2025 and is consistent with the extended deadlines and flexibility provided by the proposed Deadline Extensions Rule. The rule is currently in the public comment stage, with comments due November 3, 2025, and has not yet been finalized.
Previous report
If the finalized ruling does not include the extension of the compliance deadlines the Company would be unable to discharge under the current ELG rule and thus would be out of compliance with the Clean Water Act as of December 31, 2025**,** potentially subjecting it to enforcement actions, penalties, or required to implement alternative discharge controls immediately.
Reworded paragraphs (1)
Previous wording
Except as set forth below, there have been no material changes to the Risk Factors disclosed in Part I, Item 1A,Risk Factors, of the Company's 2024 Form 10-K.
Current wording
There have been no material changes to the risk factors disclosed in Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 12, 2026.