What is the 13F Pro Quality Score for HNRG?

13F Pro ranks HALLADOR ENERGY CO (HNRG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HNRG's current score at https://13fpro.ai/research/HNRG (free sign-up required for the full ranking).

Which hedge funds own the most HNRG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HNRG include Lubar & Co.,, BlackRock,, Point72 Asset Management, L.P.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HNRG as soon as new 13F filings post.

Where does 13F Pro source HNRG data?

All HALLADOR ENERGY CO fundamentals and ownership data come directly from SEC EDGAR. HALLADOR ENERGY CO files with the SEC under CIK 788965. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HNRG in?

HALLADOR ENERGY CO (HNRG) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

How often is HNRG research updated on 13F Pro?

HNRG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HALLADOR ENERGY CO(HNRG)Stock Analysis

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13F Pro Quality Score

50.4/100

Rank #1,457 of 2,879 stocks

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

9.8/100

Profitability

71.7/100

Balance Sheet

82.0/100

Earnings Quality

17.5/100

Free Cash Flow

60.7/100

Institutional Flow

63.9/100

Revenue Scale

35.8/100

Dilution Risk

65.0/100

HNRG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for HALLADOR ENERGY CO (HNRG), a Utilities sector company. 13F Pro's AI-powered ranking engine scores HNRG at 50.4/100 on a 32-signal composite quality model, placing it at rank #1,457 of 2,879 stocks — the bottom half of the AI-ranked universe. HNRG scores in the top quartile across balance sheet strength (82.0). Areas of concern include revenue growth (9.8) and earnings quality (17.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), HALLADOR ENERGY CO reports quarterly revenue of $101.8M, net income of $-9.3M, free cash flow of $12.8M. Top institutional holders of HNRG by reported 13-F value include Lubar & Co.,, BlackRock,, Point72 Asset Management, L.P., based on the most recent SEC filings. HNRG trades on the Nasdaq exchange and files with the SEC under CIK 788965. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HNRG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HALLADOR ENERGY CO directly from SEC EDGAR. HALLADOR ENERGY CO's 13F Pro composite quality score has ranged between 8 and 82 since 2021, currently 50.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about HALLADOR ENERGY CO

Quirks, history, and lore behind HNRG — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. utilities company · small-cap · listed on Nasdaq · headquartered in Indiana.
2
The Numbers
Revenues in the range of a few hundred million dollars annually, driven almost entirely by coal — a fuel that most rivals are sprinting away from.
3
The History
The company has roots going back decades in Indiana mining, eventually pivoting to become an electricity producer that still leans heavily on its own coal reserves.
4
The Secret
It operates one of the few remaining vertically integrated coal-fired power models — mining the fuel and burning it to generate electricity, all under one roof.
5
The Lore
While peers raced toward renewables and natural gas, this company doubled down on coal, positioning itself as a reliable baseload provider in the MISO grid region.
6
The Giveaway
An Indiana-based coal miner turned power generator, trading under a ticker that sounds vaguely heroic — think honor and energy rolled into one small-cap Hoosier package.

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Revenue

Q1 2026

$101.8M

Net Income

Q1 2026

$-9.3M

Free Cash Flow

Q1 2026

$12.8M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+89.6% YoY

$469.5MFY 2025

FY16 $281.4MFY20 $244.2MFY21 $247.7MFY25 $469.5M

Net Income

+1215.4% YoY

$41.9MFY 2025

FY16 $12.5MFY20 $-6.2MFY21 $-3.8MFY25 $41.9M

Operating Income

+1110.2% YoY

$61.1MFY 2025

FY16 —FY20 $3.1MFY21 $-6.0MFY25 $61.1M

EPS (Diluted)

+900.0% YoY

$0.96FY 2025

FY16 —FY20 —FY21 $-0.12FY25 $0.96

Total Assets

+15.3% YoY

$408.1MFY 2025

FY16 $531.3MFY20 $384.1MFY21 $354.0MFY25 $408.1M

Total Debt

-77.3% YoY

$29.7MFY 2025

FY16 $269.2MFY20 $165.9MFY21 $130.9MFY25 $29.7M

Op. Cash Flow

+69.1% YoY

$81.1MFY 2025

FY16 $60.9MFY20 $52.6MFY21 $48.0MFY25 $81.1M

Metric	FY 2025	FY 2021	FY 2020	FY 2016	FY 2013	FY 2012
Revenue	$469.5M +89.6%	$247.7M +1.4%	$244.2M -13.2%	$281.4M +82.9%	$153.9M +8.9%	$141.3M
Net Income	$41.9M +1215.4%	$-3.8M +39.6%	$-6.2M -149.7%	$12.5M -44.2%	$22.4M -5.8%	$23.8M
Operating Income	$61.1M +1110.2%	$-6.0M -295.1%	$3.1M	—	—	—
EPS (Diluted)	$0.96 +900.0%	$-0.12	—	—	$0.78 -6.0%	$0.83
Total Assets	$408.1M +15.3%	$354.0M -7.8%	$384.1M -27.7%	$531.3M +104.0%	$260.4M +13.6%	$229.2M
Total Debt	$29.7M -77.3%	$130.9M -21.1%	$165.9M -38.4%	$269.2M	—	—
Operating Cash Flow	$81.1M +69.1%	$48.0M -8.8%	$52.6M -13.7%	$60.9M +124.1%	$27.2M -26.6%	$37.0M

AI Insight: HNRG Financial Trends

Hallador's operating performance remains volatile with Q1 2026 showing negative $9M net income despite steady $102M revenue.

• Revenue fluctuated between $91M and $147M across quarters, with Q3 2025 peak of $147M followed by decline to $102M in Q1 2026.

• Total debt decreased from $61M in Q2 2024 to $30M in Q1 2026, reducing leverage significantly.

• Equity recovered from Q4 2024 low of $104M to $206M in Q1 2026, despite periodic losses.

⚠ Operating income turned negative again in Q1 2026 at -$6M after positive Q4 2025 performance.

⚠ Operating cash flow remains erratic, ranging from -$13M to $39M across recent quarters.

AI Insight: HNRG Ratio Trends

HNRG profitability collapsed in Q1 2026 with operating margin turning deeply negative at -5.5% after peaking at 19.8% in Q3 2025.

• Operating margin swung from 19.8% in Q3 2025 to -5.5% in Q1 2026, erasing all prior gains.

• ROE plunged from 65.3% in Q3 2025 to -18.1% in Q1 2026, marking sharp quarterly volatility.

• Debt-to-equity improved from 0.58 in Q3 2025 to 0.14 in Q1 2026, reducing leverage significantly.

⚠ Extreme quarterly volatility in all profitability metrics suggests unstable operating environment or seasonal distortions.

⚠ TTM metrics remain positive despite Q1 2026 losses, indicating sustainability of recent negative performance unclear.

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Available Research

13F Pro tracks comprehensive data for HALLADOR ENERGY CO including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HNRG

Lubar & Co., Inc
$88.8M5,452,019 sh
BlackRock, Inc.
$39.0M2,394,746 sh
Point72 Asset Management, L.P.
$31.0M1,901,254 sh
AEGIS FINANCIAL CORP
$29.5M1,814,026 sh
Orbis Allan Gray Ltd
$28.6M1,759,811 sh
VANGUARD CAPITAL MANAGEMENT LLC
$24.2M1,485,829 sh
AMERICAN CENTURY COMPANIES INC
$22.5M1,383,127 sh
DIMENSIONAL FUND ADVISORS LP
$16.7M1,022,983 sh
GEODE CAPITAL MANAGEMENT, LLC
$16.1M990,740 sh
APIS CAPITAL ADVISORS, LLC
$13.7M839,000 sh

Fund	Value	Shares
Lubar & Co., Inc	$88.8M	5,452,019
BlackRock, Inc.	$39.0M	2,394,746
Point72 Asset Management, L.P.	$31.0M	1,901,254
AEGIS FINANCIAL CORP	$29.5M	1,814,026
Orbis Allan Gray Ltd	$28.6M	1,759,811
VANGUARD CAPITAL MANAGEMENT LLC	$24.2M	1,485,829
AMERICAN CENTURY COMPANIES INC	$22.5M	1,383,127
DIMENSIONAL FUND ADVISORS LP	$16.7M	1,022,983
GEODE CAPITAL MANAGEMENT, LLC	$16.1M	990,740
APIS CAPITAL ADVISORS, LLC	$13.7M	839,000

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Is HNRG a good stock to buy?

13F Pro's AI-powered analysis of HALLADOR ENERGY CO (HNRG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HNRG are available on the HNRG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HNRG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HNRG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HALLADOR ENERGY CO's investment landscape.