Hallador Energy Co.
- HNRG · Nasdaq
- Electric Services
- Terre Haute, IN
- 633 employees
- CIK 0000788965
Updated from SEC filings through
Top things to know
Executives
- Brent K. Bilsland President and CEO 4, 2026-04-16
- Todd E. Telesz Chief Financial Officer 4, 2026-06-25
- Matthew Bradford White Chief Legal Officer 3, 2026-06-17
- Heath Aaron Lovell Chief Operating Officer 4, 2026-04-16
- Deman Eric Matthew Van Chief Accounting Officer 4, 2026-03-11
- Matthew White Severance Agreement 8-K, 2026-06-11
What leadership is saying
“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”
Earnings press release (8-K Ex. 99.1), filed November 9, 2026
Hallador Energy Co is a U.S. public company in electric services (SIC 4911), headquartered in Terre Haute, IN. It trades as HNRG on Nasdaq. Revenue was $469M in the fiscal year ending December 31, 2025, +16.2% from the year before. It reported about 633 employees. Brent K. Bilsland is President and CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $469M 10-K, 2026-03-12 | $404M 10-K, 2026-03-12 | $635M 10-K, 2025-03-17 | $362M 10-K, 2024-03-14 | $248M 10-K, 2023-03-16 |
| Operating income | $61.1M 10-K, 2026-03-12 | -$218M 10-K, 2026-03-12 | $65.0M 10-K, 2025-03-17 | $30.4M 10-K, 2024-03-14 | -$6.0M 10-K, 2023-03-16 |
| SG&A | $26.2M 10-K, 2026-03-12 | $26.5M 10-K, 2026-03-12 | $26.2M 10-K, 2025-03-17 | $16.4M 10-K, 2024-03-14 | $14.8M 10-K, 2023-03-16 |
| Net income | $41.9M 10-K, 2026-03-12 | -$226M 10-K, 2026-03-12 | $44.8M 10-K, 2025-03-17 | $18.1M 10-K, 2024-03-14 | -$3.8M 10-K, 2023-03-16 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Brent K. Bilsland President at Sunrise Coal, LLC | President and CEO | 4, 2026-04-16 |
| Todd E. Telesz | Chief Financial Officer | 4, 2026-06-25 |
| Matthew Bradford White | Chief Legal Officer | 3, 2026-06-17 |
| Heath Aaron Lovell | Chief Operating Officer | 4, 2026-04-16 |
| Deman Eric Matthew Van | Chief Accounting Officer | 4, 2026-03-11 |
| Matthew White | Severance Agreement | 8-K, 2026-06-11 |
| Eric Van Deman | CAO | 10-K, 2026-03-12 |
| Barbara Sugg | Director | 10-K, 2026-03-12 |
| Bryan Lawrence | Director | 10-K, 2026-03-12 |
| Charles Wesley, IV | Director | 10-K, 2026-03-12 |
| Daniel Hudson | Director | 10-K, 2026-03-12 |
| David J. Lubar | Director | 10-K, 2026-03-12 |
| Zarrell Gray | Director | 10-K, 2026-03-12 |
What Hallador Energy Co does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 47.1 million (as of November 5, 2026) | 10-Q, November 9, 2026 |
|---|---|---|
| Public float | $521M (as of June 30, 2026) | 10-K, March 12, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, November 9, 2026 |
| Latest proxy statement | Meeting May 27, 2026 (filed April 15, 2026) | DEF 14A, April 15, 2026 |
| Auditor | Grant Thornton LLP (Tulsa, Oklahoma) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| July 14, 2026 | Barbara Ann Sugg Director | Buy | 5,000 | $86K | Form 4, July 15, 2026 |
| July 9, 2026 | Daniel Timothy Hudson Director | Buy | 5,000 | $83K | Form 4, July 10, 2026 |
| June 29, 2026 | Daniel Timothy Hudson Director | Buy | 10,000 | $169K | Form 4, June 30, 2026 |
| June 25, 2026 | Daniel Timothy Hudson Director | Buy | 5,000 | $87K | Form 4, June 25, 2026 |
| June 16, 2026 | Charles Ray Wesley IV Director | Buy | 15,000 | $250K | Form 4, June 17, 2026 |
| December 17, 2025 | Charles Ray Wesley IV Director | Buy | 20,000 | $357K | Form 4, December 19, 2025 |
| November 21, 2025 | Charles Ray Wesley IV Director | Buy | 13,000 | $251K | Form 4, November 21, 2025 |
| October 1, 2025 | David C. Hardie Director | Sale | 100,000 | $2.0M | Form 4, October 3, 2025 |
Recent 8-K events
- 8-K filed 2026-10-08
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-17
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-14
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-08-10
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-26
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-11
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-05
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-03
- Item 1.04 Item 1.04
- 8-K filed 2026-06-02
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-29
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Hallador Energy Co
- What does Hallador Energy Co do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Hallador Energy Co's revenue?
- $469M for the fiscal year ending December 31, 2025, from its 10-K filed March 12, 2026.
- Is Hallador Energy Co profitable?
- Hallador Energy Co reported net income of $41.9M for the fiscal year ending December 31, 2025.
- How many employees does Hallador Energy Co have?
- About 633 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Hallador Energy Co?
- Brent K. Bilsland, President and CEO, as named in a 4 filed April 16, 2026.
- Who is the CFO of Hallador Energy Co?
- Todd E. Telesz, Chief Financial Officer, as named in a 4 filed June 25, 2026.
- Where is Hallador Energy Co headquartered?
- Terre Haute, IN.
- What is Hallador Energy Co's stock ticker?
- HNRG on Nasdaq.
- What industry is Hallador Energy Co in?
- Electric Services, SIC code 4911.
- What is Hallador Energy Co's website?
- halladorenergy.com.
- When does Hallador Energy Co report earnings next?
- November 9, 2026 at 17:00. Source: pg_future_events.
- Is Hallador Energy Co a public company?
- Yes. Hallador Energy Co files with the SEC under CIK 0000788965 and trades as HNRG.
- Who audits Hallador Energy Co?
- Grant Thornton LLP, Tulsa, Oklahoma, as named in its latest annual report (10-K).
- How many shares of Hallador Energy Co are outstanding?
- 47.1 million shares as of November 5, 2026, from its 10-Q filed November 9, 2026.
- What is Hallador Energy Co's public float?
- $521M as of June 30, 2026, as reported on the cover of its 10-K filed March 12, 2026.
- How many business segments does Hallador Energy Co report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 9, 2026.
- When is Hallador Energy Co's annual shareholder meeting?
- May 27, 2026, per its proxy statement (DEF 14A) filed April 15, 2026.
- Have Hallador Energy Co insiders traded stock recently?
- Since August 19, 2025, officers and directors reported 4 open-market sales worth about $9.2M and 8 purchases worth about $1.6M on Forms 4 and 5. The most recent: Barbara Ann Sugg (Director) bought 5,000 shares on July 14, 2026.