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← CockpitCompetitor Analysis › HNRG Hallador Energy CoOpen in the cockpit ↗

Hallador Energy CoHNRGCompetitor analysis, valuation and peers

United States · USD·Utilities›Electric Utilities
Momentum laggard 8
Mkt cap
$476M
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$12.5M
20-day average traded
Fwd P/E
2,020.0×
forward earnings
ROIC−WACC
-4.1 pp
WACC 7.0%
Hurdle
n/a
no reverse DCF
Next earnings
3 days
9 Nov 2026
Close · USD$10.10
1D+7.9%
1W-10.0%
1M-30.3%
3M-36.4%
6M-46.3%
YTD-47.0%
1Y-51.2%
ATR %8.5%
Beta1.42
52w lowhigh59.1% off high

What Hallador Energy does

Employees: 633

Hallador Energy at a glance

Size Hallador Energy (HNRG) is a United States Utilities company (Electric Utilities) with a market value of $476M, the 2736th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.10 on 6 Nov 2026.

Performance Over six months the shares fell 46.3%, against -19.5% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 8.5% over the last twelve months (peer median +3.5%); the operating margin is 1.7% (peer median 4.4%).

Valuation It trades at 2,020.0× forward earnings against a peer median of 11.5× (most expensive of 9).

Capital Return on invested capital runs 4.1 points below its cost of capital (7.0% WACC).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 79HNRG 52
Six months, rebased to 100: Hallador Energy against the median of its 20 peers (local-currency closes).

Hallador Energy financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$445M$459M$399M$630M$356M
Revenue growth—+15%-37%+77%—
Gross profit$34.0M$74.7M$20.8M$86.5M$40.5M
EBITDA$50.6M$91.5M$61.5M$129M$72.0M
Net income-$912,000$41.9M-$226M$44.8M$18.1M
Free cash flow-$50.5M$11.9M$12.6M-$15.9M$149,000
Capital expenditure$78.4M$69.2M$53.4M$75.4M$54.0M
Total debt$47.7M$39.1M$57.8M$120M$102M

Quarterly statements and history in the cockpit →

Hallador Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-30%-20%-10%0%GNEAC5600969300982PTC600505605028000037ELMRA6051623691ADX600719002893RTNPOWER071320VLTSA000720IPG9517HNRG6-month return →1-month return →
Up and to the right = strong over both horizons. Hallador Energy is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%+50%0×1,000×2,000×GNE300982PTCELMRAADX071320HNRGRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hallador Energy is the large dot.

Hallador Energy competitors and peer comparison

How Hallador Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hallador Energy against its 20 peers (data as of 6 Nov 2026)
MeasureHNRGPeer medianRank in peer set
1-month return-30.3%-7.4%lowest of 21
6-month return-46.3%-19.5%lowest of 21
Distance from 52-week high-59.1%-35.1%lowest of 21
Revenue growth (TTM)+8.5%+3.5%9th highest of 21
Operating margin1.7%4.4%4th lowest of 21
Forward P/E2,020.0×11.5×most expensive of 9
ROIC minus cost of capital-4.1 pp-1.2 pp9th lowest of 21
EV / EBITDA9.7×10.0×6th cheapest of 12
Net debt / EBITDA0.2×2.5×4th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hallador Energy HNRGUnited States$476M-46%+8%2%2,020.0×n/an/a
Genie Energy GNEUnited States$466M+23%+10%3%18.3×-3.6%+7.1%
Acinque AC5.MIItaly$460M-6%-11%3%n/a12.8%+9.3%
Hunan Chendian International Development 600969.SSChina$453M-18%+4%3%n/a0.2%+6.4%
Suwen Electric Energy Technology 300982.SZChina$448M-41%-55%-13%10.4×n/an/a
PTC India PTC.NSIndia$437M-39%+13%4%9.6×-18.2%-1.4%
Sichuan Xichang Electric Power 600505.SSChina$520M-31%-10%7%n/a1.2%+9.5%
Ningbo Shimao Energy 605028.SSChina$522M-21%0%36%n/a9.5%+1.5%
Shenzhen Nanshan Power 000037.SZChina$527M-18%+35%-7%n/an/an/a
Elmera ELMRA.OLNorway$549M+43%+48%5%19.9×-15.6%+24.2%
Zhejiang Xinzhonggang Thermal Power 605162.SSChina$556M-25%-5%19%n/a0.8%+4.4%
Giga Solar Materials 3691.TWOTaiwan$403M0%+88%2%n/an/an/a
Audax Renovables ADX.MCSpain$564M-21%-8%4%12.1×n/an/a
Dalian Thermal Power 600719.SSChina$387M-18%+2%8%n/an/an/a
Beijing Jingneng Thermal 002893.SZChina$387M-11%+15%8%n/a9.9%+7.0%
RattanIndia Power RTNPOWER.NSIndia$377M-35%-6%6%n/an/an/a
KDHC 071320.KSSouth Korea$601M-8%+1%15%2.5×-11.2%+13.8%
Voltalia VLTSA.PAFrance$602M-42%+19%12%n/an/an/a
Shandong Xinneng Taishan Power Generation 000720.SZChina$602M-28%+8%-39%n/an/an/a
IPD IPG.AXAustralia$372M-18%+17%11%15.9×5.6%+28.5%
eREX 9517.TJapan$370M-26%+3%3%11.0×n/an/a

Questions

Which companies are Hallador Energy's closest peers?
The cockpit's peer set: Genie Energy (GNE), Acinque (AC5.MI), Hunan Chendian International Development (600969.SS), Suwen Electric Energy Technology (300982.SZ), PTC India (PTC.NS), Sichuan Xichang Electric Power (600505.SS), Ningbo Shimao Energy (605028.SS), Shenzhen Nanshan Power (000037.SZ).
Is Hallador Energy expensive compared with its peers?
On forward p/e it trades at 2,020.0× against a peer median of 11.5×, most expensive of 9 in its peer set.
How has Hallador Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -46.3% against -19.5% for the median peer; over one year -51.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.