HALLADOR ENERGY CO

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

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, 2026 · Filed Nov 9, 2026

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

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
SALES AND OPERATING REVENUES:
Electric sales	$92,846	$93,235	$220,132	$239,154
Coal sales	36,128	51,256	111,809	119,588
Other revenues	1,276	2,066	4,302	8,364
Total sales and operating revenues	130,250	146,557	336,243	367,106
EXPENSES:
Fuel	28,764	27,119	59,178	57,392
Other operating and maintenance costs	31,547	44,415	99,835	101,759
Cost of purchased power	11,103	2,074	34,599	11,086
Utilities	5,108	4,543	15,082	13,202
Labor	30,488	27,574	86,688	81,402
Depreciation, depletion and amortization	7,623	9,142	28,134	29,661
Asset retirement obligations accretion	427	446	1,251	1,310
Exploration costs	36	38	407	157
General and administrative	6,971	4,770	21,381	19,096
(Gain) loss on disposal or abandonment of assets, net	343	(2,334)	157	(2,410)
Total operating expenses	122,410	117,787	346,712	312,655
INCOME (LOSS) FROM OPERATIONS	7,840	28,770	(10,469)	54,451
Interest income	855	289	1,281	416
Interest expense (1)	(6,007)	(4,927)	(13,753)	(12,469)
Loss on extinguishment of debt	(5,717)	—	(5,947)	—
Equity method investment (loss)	358	(248)	(7)	(287)
NET INCOME (LOSS) BEFORE INCOME TAXES	(2,671)	23,884	(28,895)	42,111
INCOME TAX EXPENSE (BENEFIT):
Current	—	—	—	—
Deferred	1,826	—	158	—
Total income tax expense (benefit)	1,826	—	158	—
NET INCOME (LOSS)	$(4,497)	$23,884	$(29,053)	$42,111
NET INCOME (LOSS) PER SHARE:
Basic	$(0.10)	$0.56	$(0.62)	$0.98
Diluted	$(0.10)	$0.55	$(0.62)	$0.97
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	47,145	43,007	46,937	42,869
Diluted	47,145	43,434	46,937	43,287
(1) Interest Expense:
Interest on debt	$3,408	$1,763	$5,249	$4,661
Other interest	1,923	2,585	7,027	6,208
Amortization of debt issuance costs	676	579	1,478	1,600
Total interest expense	$6,007	$4,927	$13,753	$12,469

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.