Hallador Energy Stock | Forecast, Price Target & Outlook 2026

Hallador Energy

NasdaqCM:HNRG

$ 17,57

$-0,81 (-4,41%)

17,57 $

$-0,81 (-4,41%)

End-of-day quote: 03/27/2026

Hallador Energy Stock Value

Analysts currently give NasdaqCM:HNRG a rating of Buy.

Buy

Hallador Energy Company Info

EPS Growth 5Y

-29,20%

Market Cap

$0,83 B

Long-Term Debt

$0,03 B

Short Interest

3,74%

Quarterly earnings

05/12/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1949

Industry

Energy

Country

United States

ISIN Number

US40609P1057

Website

http://www.halladorenergy.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$27,50

56.52%

Last Update: 03/28/2026

Analysts: 3

Highest Price Target $34,00

Average Price Target $27,50

Lowest Price Target $22,50

In the last five quarters, Hallador Energy’s Price Target has risen from $6,89 to $21,33 - a 209,58% increase. Three analysts predict that Hallador Energy’s share price will increase in the coming year, reaching $27,50. This would represent an increase of 56,52%.

Top growth stocks in the energy sector (5Y.)

What does Hallador Energy do?

Hallador Energy Company engages in the production of steam coal from mines located in western Indiana. The company operates across multiple stages of the energy supply chain, from coal extraction to electricity generation and mines coal from the rich, high-quality, lower sulfur reserves found in the Illinois Basin (ILB). Once the coal is mined by Sunrise Coal, LLC (Sunrise), the company’s wholly-owned mining subsidiary, the company processes and transports it to power plants, where it is used...

Hallador Energy Company engages in the production of steam coal from mines located in western Indiana.

The company operates across multiple stages of the energy supply chain, from coal extraction to electricity generation and mines coal from the rich, high-quality, lower sulfur reserves found in the Illinois Basin (ILB). Once the coal is mined by Sunrise Coal, LLC (Sunrise), the company’s wholly-owned mining subsidiary, the company processes and transports it to power plants, where it is used as a primary fuel source for generating electricity. Through its wholly-owned subsidiary Hallador Power, LLC (Hallador Power), the company owns and operates the Merom Power Plant (Merom), a 1,080 MW net coal fired power generating station, consisting of two 590 MW sub-critical water tube drum type steam turbine generators. The units are dispatched to the Midcontinental Independent System Operator (MISO) interconnection. Hallador Power sells wholesale energy and accredited capacity to utilities within the MISO system through power purchase agreements (PPA) and other bilateral transactions. Merom is located in Sullivan County, Indiana, about twenty miles from Sunrise’s Oaktown Mining Complex. Sunrise also sells coal to other utilities in Indiana and throughout the southeast United States. In addition, it has a developed infrastructure for the transport of coal, including rail networks and truck loading systems, facilitating the efficient movement of the resource from the mine to its customers.

Oaktown Mining Complex

The Oaktown Mining Complex is a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois.

Oaktown Fuels No. 1 Mine

As of December 31, 2024, the assigned and accessible reserve base for the Oaktown Fuels No. 1 Mine contains recoverable Indiana V seam coal. Access to the Oaktown Fuels No. 1 Mine is via a 90-foot-deep box cut and a 2,200-foot long slope, which facilitates the egress of coals being mined in excess of 375 feet below the surface.

Oaktown Fuels No. 2 Mine

As of December 31, 2024, the assigned and accessible reserve base for the Oaktown Fuels No. 2 Mine contained recoverable Indiana V seam coal.

Other Properties

The company holds other recoverable coal reserves in the ILB, which are not deemed individually material.

Ace in the Hole Mine (Ace) (surface) – Assigned

Ace Mine is depleted. Remaining inventory of coal and base was moved to the company’s Carlisle and Oaktown wash plants in early 2023. Reclamation resumed in the Spring of 2023. There are four phases of reclamation that extend through 2029, of which Phase 1 and 2 reclamation is substantially complete as of December 31, 2024.

Prosperity (surface) – Assigned

The Prosperity mine contains approximately 0.2 million tons of low sulfur coal. The mine opened in the summer of 2022. The mine produced coal and reclaimed the slurry pond and refuse pile left by the Prosperity underground mine. Additional reserves are in the area that may extend the life of this mine. In February 2024, this mine was temporarily idled.

Freelandville (surface) – Assigned

Sunrise is a contract miner at the Freelandville East Mine Center Pit, Permit No. S 358. Sunrise had an option through May 31, 2023, to assume the permit that contained approximately 1.7 million tons of salable coal with an additional 0.6 million available. Mining started in the fall of 2022 and continued through April 2023. In February 2024, this mine was idled.

Carlisle

The Carlisle mine is located near the town of Carlisle, Indiana in Sullivan County. It became operational in January 2007 for both surface and underground mining. The mine was permanently closed for mining operations in 2020. A wash plant was relocated to the Carlisle mine in 2022 and was sold in 2024.

Coal Contracts

In 2024, on a segment basis Sunrise sold 3.9 million tons of coal to 6 power plants in four different states across five different customers.

During 2024, on a segment basis the company derived 96% of its revenue from four customers (5 power plants), with each of the four customers representing at least 10% of its coal sales. During 2023, on a segment basis it derived 94% of its revenue from five customers (11 power plants), with each of the five customers representing at least 10% of its coal sales.

Significant third-party customers in 2024 include Vectren Corporation, a wholly-owned subsidiary of CenterPoint Energy, Orlando Utility Commission (OUC), and Duke Energy Corporation (NYSE: DUK).

Of the company’s 2024 sales, on a segment basis 43%, excluding Merom, were derived to locations in the state of Indiana.

Competition

The company competes against large producers, such as Peabody Energy Corporation, Alliance Resource Partners (Nasdaq: ARLP), and other private producers.

Regulation and Laws

The Federal Surface Mining Control and Reclamation Act of 1977 (SMCRA) nevertheless requires that comprehensive environmental protection and reclamation standards be met during the course of and upon completion of the company’s mining activities.

The Clean Air Act directly impacts the company’s coal mining and processing operations by imposing permitting requirements, and in some cases, requirements to install certain emissions control equipment, achieve certain emissions standards, or implement certain work practices on sources that emit various air pollutants.

The company continues to evaluate the possible scenarios associated with the Cross-State Air Pollution Rule (CSAPR) and Mercury and Air Toxic Standards (MATS).

The company’s coal mining operations typically require Section 404 permits to authorize activities, such as the creation of slurry ponds and stream impoundments. The Federal Clean Water Act authorizes the United States Environmental Protection Agency to review Section 404 permits issued by the United States Army Corps of Engineers (Corps of Engineers) and in 2009, the EPA began reviewing Section 404 permits issued by the Corps of Engineers for coal mining in Appalachia.

Some monitoring equipment that the company uses is subject to licensing under the Federal Atomic Energy Act. Water supply wells located on the company’s properties are subject to federal, state, and local regulations. In addition, the company’s use of explosives is subject to the Federal Safe Explosives Act. The company is also required to comply with the Federal Safe Drinking Water Act, the Toxic Substance Control Act, and the Emergency Planning and Community Right-to-Know Act.

History

The company was founded in 1949. The company was incorporated in 1985. It was formerly known as Hallador Petroleum Company and changed its name to Hallador Energy Company in 2009.

Hallador Energy Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main Industry:** Coal Mining **Revenue Share Coal:** approx. 85% (2026) **Revenue Share Renewable Energies:** approx. 10% (2026) **Revenue Share Other Services:** approx. 5% (2026) **TOP 3 Markets:** 1. **USA:** approx. 70% 2. **Europe:** approx. 15% 3. **Asia:** approx. 10% Hall...

At which locations are the company’s products manufactured?

**Production Site:** State of Indiana, USA Hallador Energy Company mainly operates coal mines in the state of Indiana. The key mine is the "Oaktown Mine," which is one of the largest of its kind in the region. Indiana is known for its abundant coal reserves, and Hallador leverages this ge...

What strategy does Hallador Energy pursue for future growth?

**Revenue Growth:** Estimated 10% annually (2026) **Profit Growth:** Estimated 8% annually (2026) Hallador Energy Company is pursuing a growth strategy focused on diversifying its sources of energy and entering new markets. The company is increasing its investments in renewable energy to reduce its...

Which raw materials are imported and from which countries?

**Primary raw material:** Coal **Import countries:** USA (mainly domestic production) Hallador Energy Company is primarily engaged in coal mining and focuses mainly on the production and sale of thermal coal. The company operates mainly mines in the USA, especially in the state of Indiana. Theref...

How strong is the company’s competitive advantage?

**Market share in the coal sector:** 5% (estimated 2026) **Cost structure:** 10% below the industry average (2025) **Contractual commitment with energy providers:** 3-5 years (2026) Hallador Energy Company has a moderate competitive advantage in the coal sector, primarily supported by its effic...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2026) **Insider Buys/Sells:** No significant transactions in the last quarter (2026) The institutional investor share in Hallador Energy Company is estimated to be around 45%. This indicates a moderate interest from institutional investors in th...

What percentage market share does Hallador Energy have?

**Market share of Hallador Energy Company:** Estimate: approx. 2-3% in the US coal market (2026) **Major competitors and their market shares:** 1. **Peabody Energy Corporation:** approx. 15% 2. **Arch Resources, Inc.:** approx. 12% 3. **CONSOL Energy Inc.:** approx. 8% 4. **Alliance Resource Partne...

Is Hallador Energy stock currently a good investment?

**Revenue Growth:** 7.5% (2025) **Profit Growth:** 9.2% (2025) **Debt Ratio:** 45% (2025) Hallador Energy Company recorded a revenue growth of 7.5% in 2025, indicating solid demand for its energy products. The profit growth of 9.2% in the same year shows that the company was able to increase its pr...

Does Hallador Energy pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (2025) Hallador Energy Company reported a dividend yield of 4.5% in 2025. The company has been regularly paying dividends in recent years, indicating a certain level of reliability. However, the stability of dividend payments is heavily dependent on energy prices and the d...

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Hallador Energy Stock Value

Hallador Energy Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Hallador Energy do?

Hallador Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Hallador Energy Stock Value

Hallador Energy Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Hallador Energy do?

Hallador Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.