Hallador Energy Co (HNRG)

Hallador Energy Co.'s stock has significantly appreciated, with a 112.19% increase from October 15, 2024, to October 14, 2025, and a 113.02% increase over the last year as of October 28, 2025. Key events include a rating upgrade in October 2025 due to strong operational performance, strong first-quarter 2025 financial results in May 2025, second-quarter 2025 results in August 2025 showing a 9.7% year-over-year revenue increase and a return to profitability, the appointment of Todd Telesz as CFO in June 2025, and an exclusive commitment agreement with a global data center developer in January 2025. The company experienced a downgrade in August 2025.

Demand for Hallador Energy Co.'s products and services exhibits seasonality, with seasonal weakness in the spring energy market impacting electricity sales in the second quarter of 2025. The first quarter of 2025 benefited from colder weather and higher pricing, leading to increased dispatch volumes for electricity. Seasonal signals for Hallador Energy Company are balanced for October, with a statistically strong window for performance typically culminating around November 15.

Hallador Energy Company is a U.S.-based energy company involved in coal production and electricity generation, operating in the Thermal Coal and Coal Mining industries. Through its subsidiary, Sunrise Coal, LLC, it produces thermal coal and high-BTU coal for electric power generation. The company has also diversified into energy generation through Hallador Power Company, LLC, which operates the one-gigawatt Merom Generating Station.

Hallador Energy Co.'s operations are concentrated in Indiana, USA, including coal mining activities in the Illinois Basin through Sunrise Coal, LLC, with underground mines near Oaktown and surface mines near Freelandville and Petersburg. The Merom Generating Station is also located in Indiana, where Hallador Energy Company is headquartered in Terre Haute.

Hallador Energy Co.'s brand reputation has been influenced by a rating upgrade in October 2025, reflecting strong operational performance, and a downgrade in August 2025. The company's strategic shift to a vertically integrated independent power producer and focus on securing energy positions have contributed to a perception of resilience. Hallador Energy is also seen as well-positioned to benefit from surging energy demand and supportive regulatory sentiment.

Hallador Energy Co. has a mixed ownership structure including institutional, retail, and individual investors. Institutional investors hold approximately 66% of the company's stock, with major holders including Vanguard Group Inc., BlackRock, Inc., and others. Insiders, including CEO Brent Bilsland, also hold shares.