# Hallador Energy Co (HNRG)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/hallador-energy-co/ JSON: https://steadybase.io/company/hallador-energy-co.json Checked Nov 10, 2026. Latest filing read: Aug 10, 2026.

## Company

- Legal name: HALLADOR ENERGY CO
- Ticker: HNRG (Nasdaq)
- SEC CIK: 0000788965
- Industry: Electric Services (SIC 4911)
- Headquarters: Terre Haute, IN
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: halladorenergy.com
- LinkedIn: https://www.linkedin.com/company/hallador-energy-company
- Next earnings date: Nov 9, 2026

## Key facts

- Revenue: $469.5M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/0001104659-26-027174-index.html
- Operating income: $61.1M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/0001104659-26-027174-index.html
- Net income: $41.9M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/0001104659-26-027174-index.html
- SG&A: $26.2M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 12, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/0001104659-26-027174-index.html
- Employees: 633 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Shares outstanding: 47,145,251 as of Nov 5, 2026 (10-Q filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000162828026072347/0001628280-26-072347-index.html
- Auditor: Grant Thornton LLP, Tulsa, Oklahoma, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm

## Business

Hallador Energy Company (“Hallador” or the “Company”) is a vertically integrated, independent power producer (“IPP”) and fuel company with operations primarily in Indiana. The Company operates across multiple stages of the energy value chain, from accredited capacity and energy to coal. The Company’s electric operations are located within the Midcontinent Independent System Operator’s ("MISO") footprint.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $469.5M | $61.1M | $41.9M | $26.2M |
| Dec 31, 2024 | $404.2M | -$218.4M | -$226.1M | $26.5M |
| Dec 31, 2023 | $634.9M | $65.0M | $44.8M | $26.2M |
| Dec 31, 2022 | $362.0M | $30.4M | $18.1M | $16.4M |
| Dec 31, 2021 | $247.7M | -$6.0M | -$3.8M | $14.8M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/hallador-energy-co.json

## Officers and directors

- Brent K. Bilsland, President and CEO. LinkedIn: https://linkedin.com/in/brent-bilsland-9547027. Source: Form 4 filed Apr 16, 2026, https://www.sec.gov/Archives/edgar/data/788965/000142457726000005/0001424577-26-000005-index.htm
- Todd E. Telesz, Chief Financial Officer. Source: Form 4 filed Jun 25, 2026, https://www.sec.gov/Archives/edgar/data/788965/000207697926000004/0002076979-26-000004-index.htm
- Heath Aaron Lovell, Chief Operating Officer. Source: Form 4 filed Apr 16, 2026, https://www.sec.gov/Archives/edgar/data/788965/000197043226000004/0001970432-26-000004-index.htm
- Matthew Bradford White, Chief Legal Officer. Source: Form 3 filed Jun 17, 2026, https://www.sec.gov/Archives/edgar/data/788965/000213938326000004/0002139383-26-000004-index.htm
- Deman Eric Matthew Van, Chief Accounting Officer. Source: Form 4 filed Mar 11, 2026, https://www.sec.gov/Archives/edgar/data/788965/000210240326000003/0002102403-26-000003-index.htm
- Matthew White, Severance Agreement. Source: 8-K filed Jun 11, 2026, https://www.sec.gov/Archives/edgar/data/788965/000078896526000004/hnrg-20260608x8k.htm
- Barbara Sugg, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Bryan Lawrence, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Charles Wesley, IV, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Daniel Hudson, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- David J. Lubar, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Eric Van Deman, CAO. LinkedIn: https://www.linkedin.com/in/eric-van-deman-5a4a7b25. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- Zarrell Gray, Director. Source: 10-K filed Mar 12, 2026, https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm

## Recent 8-K events

- Oct 8, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000162828026065410/hnrg-20261007.htm
- Sep 17, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926108429/hnrg-20260915x8k.htm
- Aug 14, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926097263/hnrg-20260811x8k.htm
- Aug 10, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926093446/hnrg-20260810x8k.htm
- Jun 26, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000078896526000006/hnrg-20260625x8k.htm
- Jun 11, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000078896526000004/hnrg-20260608x8k.htm
- Jun 5, 2026: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000078896526000002/hnrg-20260604x8k.htm
- Jun 3, 2026: Item 1.04, Item 1.04. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926070122/hnrg-20260528x8k.htm
- Jun 2, 2026: Item 1.01, Entry into a material definitive agreement; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926069138/hnrg-20260530x8k.htm
- May 29, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926068374/hnrg-20260527x8k.htm

## Insider trades (Form 4)

- Jul 14, 2026: Barbara Ann Sugg (Director) bought 5,000 shares, about $85,650. Source: https://www.sec.gov/Archives/edgar/data/788965/000210620726000006/0002106207-26-000006-index.htm
- Jul 9, 2026: Daniel Timothy Hudson (Director) bought 5,000 shares, about $82,925. Source: https://www.sec.gov/Archives/edgar/data/788965/000212367826000011/0002123678-26-000011-index.htm
- Jun 29, 2026: Daniel Timothy Hudson (Director) bought 10,000 shares, about $169,400. Source: https://www.sec.gov/Archives/edgar/data/788965/000212367826000009/0002123678-26-000009-index.htm
- Jun 25, 2026: Daniel Timothy Hudson (Director) bought 5,000 shares, about $86,520. Source: https://www.sec.gov/Archives/edgar/data/788965/000212367826000007/0002123678-26-000007-index.htm
- Jun 16, 2026: Charles Ray Wesley IV (Director) bought 15,000 shares, about $250,350. Source: https://www.sec.gov/Archives/edgar/data/788965/000175020026000009/0001750200-26-000009-index.htm
- Dec 17, 2025: Charles Ray Wesley IV (Director) bought 20,000 shares, about $356,600. Source: https://www.sec.gov/Archives/edgar/data/788965/000175020025000005/0001750200-25-000005-index.htm
- Nov 21, 2025: Charles Ray Wesley IV (Director) bought 13,000 shares, about $250,640. Source: https://www.sec.gov/Archives/edgar/data/788965/000175020025000003/0001750200-25-000003-index.htm
- Oct 1, 2025: David C. Hardie (Director) sold 100,000 shares, about $2.0M. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465925096752/0001104659-25-096752-index.htm
- Sep 30, 2025: David C. Hardie (Director) sold 173,783 shares, about $3.4M. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465925095738/0001104659-25-095738-index.htm
- Sep 26, 2025: David C. Hardie (Director) sold 112,850 shares, about $2.2M. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465925094557/0001104659-25-094557-index.htm
- Sep 23, 2025: David C. Hardie (Director) sold 85,429 shares, about $1.6M. Source: https://www.sec.gov/Archives/edgar/data/788965/000110465925092939/0001104659-25-092939-index.htm
- Aug 19, 2025: Charles Ray Wesley IV (Director) bought 20,000 shares, about $305,400. Source: https://www.sec.gov/Archives/edgar/data/788965/000141588925022392/0001415889-25-022392-index.htm

## What management said

- "Our goal at Turtle Creek is to seek to roughly double an $800 million investment into $1.6 billion of value over the next 24 months" Brent Bilsland, Chairman and Chief Executive Officer (8-K filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000162828026072319/hnrg-20261109xexx991.htm
- "Since our strategic update in June, we have made significant progress across key elements of the Turtle Creek project" Brent Bilsland, Chairman and Chief Executive Officer (8-K filed Aug 10, 2026). Source: https://www.sec.gov/Archives/edgar/data/788965/000110465926093446/hnrg-20260810xex99d1.htm

## Latest filings

- 8-K filed Oct 8, 2026: https://www.sec.gov/Archives/edgar/data/788965/000162828026065410/hnrg-20261007.htm
- 10-K filed Mar 12, 2026: https://www.sec.gov/Archives/edgar/data/788965/000110465926027174/hnrg-20251231x10k.htm
- 10-Q filed Aug 10, 2026: https://www.sec.gov/Archives/edgar/data/788965/000110465926093468/hnrg-20260630x10q.htm
- DEF 14A filed Apr 15, 2026: https://www.sec.gov/Archives/edgar/data/788965/000110465926043867/hnrg-20260527xdef14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/