Hallador Energy Company (HNRG) reported third-quarter 2026 sales and operating revenue of $130.3 million, up 28% from the second quarter and down 11% from the prior-year quarter. The company reported a net loss of $4.5 million, or $0.10 per diluted share, compared with net income of $23.9 million a year earlier.
Merom generation increased 77% sequentially to approximately 1.4 million megawatt-hours after a planned July maintenance outage. Hallador is targeting a final investment decision for its 460-megawatt Turtle Creek natural-gas project before the end of 2026.
- Electric sales were $92.8 million, while third-party coal sales were $36.1 million.
- Adjusted EBITDA, a non-GAAP measure, was $17.3 million, versus negative $2.9 million in Q2 2026.
- Total debt was $551.9 million at September 30, including a new $600 million senior secured construction bridge loan facility.
- Total liquidity was $103.2 million at quarter-end, compared with $84.2 million at June 30.
- Contracted segment-level forward sales totaled approximately $3.0 billion, including intercompany coal sales.
- Hallador took title to Turtle Creek turbine equipment in October and continues to target commercial operation in the second half of 2028.
$HNRG Insider Trading Activity
$HNRG insiders have traded $HNRG stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $HNRG stock by insiders over the last 6 months:
- DANIEL TIMOTHY HUDSON has made 6 purchases buying 20,000 shares for an estimated $338,832 and 0 sales.
- CHARLES RAY IV WESLEY purchased 15,000 shares for an estimated $250,314
- BARBARA ANN SUGG has made 2 purchases buying 5,000 shares for an estimated $85,648 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$HNRG Hedge Fund Activity
We have seen 94 institutional investors add shares of $HNRG stock to their portfolio, and 90 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HIGHLAND PEAK CAPITAL, LLC added 947,219 shares (+inf%) to their portfolio in Q2 2026, for an estimated $16,472,138
- TYRO CAPITAL MANAGEMENT LLC added 735,471 shares (+inf%) to their portfolio in Q2 2026, for an estimated $12,789,840
- APIS CAPITAL ADVISORS, LLC removed 639,000 shares (-76.2%) from their portfolio in Q2 2026, for an estimated $11,112,210
- EMPYREAN CAPITAL PARTNERS, LP removed 500,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $8,695,000
- AMERIPRISE FINANCIAL INC removed 486,097 shares (-78.4%) from their portfolio in Q2 2026, for an estimated $8,453,226
- BLACKROCK, INC. added 457,110 shares (+19.1%) to their portfolio in Q2 2026, for an estimated $7,949,142
- TUDOR INVESTMENT CORP ET AL added 370,838 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,448,872
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
