Hallador Energy (HNRG) Stock Falls on Q4 2025 Earnings

Hallador Energy Company (HNRG) reported fourth-quarter 2025 results showing revenue growth but steep margin compression.

Revenue rose 8.6% year-over-year to $101.9 million.

Cost of sales increased 48.97% to $95.8 million, weighing on margins.

Gross profit fell 79.1% to $6.2 million.

Operating profit declined sharply to $6.2 million (down 102.8% year-over-year).

Net loss attributable to common shareholders was -$240,000 (down 99.9% year-over-year).

Per-share and market reaction:

Diluted earnings per share was -$0.01 (down 99.8% year-over-year).

Shares moved -5.07% since market close.

Cash flow and investment activity highlighted a pullback in operating cash and higher capital spending.

Cash from operating activities was $8.2 million, down 79.1% year-over-year.

Purchases of property, plant and equipment increased 81.2% to $24.9 million, reflecting higher investment.

Balance sheet snapshot:

Cash and cash equivalents stood at $10.1 million, up 39.2% year-over-year.

Total liabilities were $248.2 million, down 6.3% year-over-year.

Overall, Hallador Energy (HNRG) showed revenue growth but margin and cash-generation pressures in Q4 2025 alongside stepped-up capital spending, producing a mixed financial picture heading into the next quarter.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Hallador Energy Company Insider Trading Activity

Hallador Energy Company insiders have traded $HNRG stock on the open market 16 times in the past 6 months. Of those trades, 2 have been purchases and 14 have been sales.

Here’s a breakdown of recent trading of $HNRG stock by insiders over the last 6 months:

DAVID C HARDIE has made 0 purchases and 14 sales selling 472,062 shares for an estimated $9,208,793.
CHARLES RAY IV WESLEY has made 2 purchases buying 33,000 shares for an estimated $607,240 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Hallador Energy Company Hedge Fund Activity

We have seen 98 institutional investors add shares of Hallador Energy Company stock to their portfolio, and 84 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HIGHLAND PEAK CAPITAL, LLC removed 1,024,667 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $20,052,733
CENTERBOOK PARTNERS LP removed 786,671 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $15,395,151
ORBIS ALLAN GRAY LTD removed 421,639 shares (-22.1%) from their portfolio in Q4 2025, for an estimated $8,028,006
PRUDENTIAL FINANCIAL INC added 415,228 shares (+95.9%) to their portfolio in Q4 2025, for an estimated $7,905,941
BRIDGEWAY CAPITAL MANAGEMENT, LLC removed 407,100 shares (-82.9%) from their portfolio in Q4 2025, for an estimated $7,751,184
DEUTSCHE BANK AG\ added 383,020 shares (+1720.9%) to their portfolio in Q4 2025, for an estimated $7,292,700
EMPYREAN CAPITAL PARTNERS, LP removed 354,476 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,749,223

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Hallador Energy Company Analyst Ratings

Wall Street analysts have issued reports on $HNRG in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Texas Capital Securities issued a "Buy" rating on 09/25/2025

To track analyst ratings and price targets for Hallador Energy Company, check out Quiver Quantitative's $HNRG forecast page.