Hallador Energy Company (NASDAQ: HNRG), headquartered in Terre Haute, Indiana, is primarily engaged in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company was incorporated in Colorado in 1951 under the name Sunrise Coal, later being renamed to Hallador Energy Company in 2008.
Hallador Energy prides itself on its commitment to safe, efficient, and environmentally responsible coal mining. The company primarily operates through its wholly-owned subsidiary, Sunrise Coal, LLC. Sunrise Coal is Indiana’s second-largest coal producer and generates millions of tonnes of coal per year from its four mining complexes. These complexes are all located within a 60-mile radius in Indiana and Illinois, with Sunrise Coal carrying all of its business in the Illinois Basin, one of the most prolific coal-producing regions in the U.S.
A key advantage of Hallador Energy is its close proximity to its customers. This strategic location enables the company to deliver the coal via short-haul trucking routes, resulting in reduced transportation costs and making the company competitive in their pricing.
Hallador Energy has a strong commitment to sustainability. They follow stringent reclamation standards to restore mined land to its original state, and even enhance some areas for wildlife habitats. In the financial aspect, the company operates through a low-cost business model and has consistently been profitable despite the general decrease in U.S. coal consumption.
The company has also made strategic investments in other energy-related businesses. Through its wholly-owned subsidiary, Hourglass Sands, LLC, the company owns a sand deposit in Colorado, which consists of approximately 40.5 million tons of high-grade industrial silica sand, exploiting sand for use in the oil and gas industry in the hydraulic fracturing process.
In conclusion, Hallador Energy is more than just a coal producer. The company is committed to preserving the environment while providing reliable, low-cost energy. With strategic investments in other energy sectors, the company is positioning itself for future growth and diversification. Despite the challenging market conditions, Hallador Energy continues to thrive due to its efficient operations and forward-thinking approach.
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Hallador Energy (NASDAQ:HNRG) is scheduled to release its Q3 2026 earnings after the market closes on Monday, November 9th. Analysts predict earnings of $0.07 per share on $118.25 million in revenue, following a Q2 earnings miss but a revenue beat. The stock, currently trading near its 12-month low, holds a "Moderate Buy" consensus rating with an average price target of $24.88 despite mixed analyst opinions and recent downgrades.
Hallador Energy Company (Nasdaq: HNRG) will host a conference call on Monday, November 9, 2026, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2026. The company's results will be reported in a press release prior to the call, and interested parties can submit questions in advance. The call will also be webcast live and available for replay on their investor relations website.
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Hallador Energy (NASDAQ:HNRG) shares have fallen to a fresh yearly low following wider-than-expected losses and recent downgrades. Despite this, the company reported stronger-than-forecast revenue, and some analyst price objectives remain significantly above current levels. The company, which focuses on coal production and electricity generation, faces challenges from market sentiment but may benefit from rising electricity demand in the US.
SummerHaven Investment Management LLC recently acquired 105,410 shares of Hallador Energy Company (HNRG), valued at approximately $1.46 million, making it a significant holding in their portfolio. This acquisition represents about 0.22% of Hallador Energy, with institutional investors now owning 61.38% of the stock. Despite a recent stock dip and a missed earnings per share estimate, analysts have a "Moderate Buy" consensus rating for HNRG with an average price target of $24.88.
Hallador Energy Co has secured a $700 million agreement to supply a utility in MISO Zone 6 from its Merom Generating Station. This six-year contract, beginning in June 2029, significantly increases Hallador's forward sales book to $3 billion and is priced at the highest capacity rate the company has ever achieved. Hallador is also pursuing the 460-MW Turtle Creek gas project, aiming to expand its total generating capacity by over 40 percent and further transform into a multi-fuel independent power producer.
Hallador Energy Company (NASDAQ:HNRG) has received a "Moderate Buy" consensus rating from analysts, with an average 12-month price target of $24.88. The company recently secured six-year agreements for its Merom Generating Station, projected to generate $700 million in revenue and increasing its forward sales book to $3 billion. However, near-term profitability remains a concern, with Northland Securities revising EPS forecasts to project losses through 2028 and Hallador missing its latest quarterly EPS estimates.
Hallador Energy Co. has secured a six-year power deal worth approximately $711 million with an unnamed Indiana utility, starting in mid-2029. The agreement includes electricity from its Merom power plant and a capacity component, with an average price exceeding $80 a megawatt-hour—more than double Merom's historical average. This significant pricing increase is attributed to the growing electricity demand from data centers.