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Hallador Energy HNRG Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$146.8MBeat by $41.4M
EPS$0.55Beat by $0.49
Revenue estimate$105.5M
EPS estimate$0.06

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$90.3M
EPS estimate-$0.12

Financials

Q3 2025

Income statement

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Revenue$146.8M+39.6%
Operating income$29.1M+517%
Net income$23.9M+1,437%
EPS (diluted)$0.55+1,275%

Balance sheet

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Cash & equivalents$12.7M+231%
Total debt$10.5M-83.9%
Total equity$146.2M-54.1%
Total assets$409.5M-29.4%

Cash flow

See full
Operating cash flow$23.2M—
CapEx$19.5M+69.0%
Free cash flow$3.7M+115%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$841.71M+136%
Enterprise value$839.58M+101%
P/S1.8×+1.0×

Profitability

See full
Operating margin-35.5%—
Net margin-37.7%—

Returns & leverage

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Return on equity-74.7%—
Debt / equity0.1×-0.1×
Current ratio0.7×+0.1×

Segments

By product

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Electric Sales$93.2M—
Delivered Energy$77.8M+38.3%
Coal Sales$51.3M—

By segment

See full
Electric Operations$93.4M+29.2%
Coal Operations$70.5M+43.7%

Versus estimates

Revenue

Q1 2026$101.8MMiss by $472.4KQ4 2025$102.4MMiss by $739.2K
Q3 2025$146.8MBeat by $41.4M
Q2 2025$102.9MBeat by $5.9MQ1 2025$117.8MBeat by $19.1MQ4 2024$94.2MMiss by $1.2M

Diluted EPS

Q1 2026-$0.20Miss by $0.04Q4 2025-$0.01In line
Q3 2025$0.55Beat by $0.49
Q2 2025$0.19Beat by $0.34Q1 2025$0.23Beat by $0.39Q4 2024-$0.02Beat by $0.16

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Questions, answered.

When did Hallador Energy report Q3 2025 earnings?
Hallador Energy (HNRG) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Hallador Energy's Q3 2025 revenue and EPS?
Hallador Energy reported revenue of $146.8M and eps of $0.55 for Q3 2025.
Did Hallador Energy beat estimates in Q3 2025?
Revenue beat the consensus estimate of $105.5M by $41.4M. EPS beat the consensus estimate of $0.06 by $0.49.
How did Hallador Energy's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 39.8% from $105.0M a year earlier and eps grew 1275.0% from $0.04.
Where can I find Hallador Energy's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-109272) and the 10-Q periodic report (0001104659-25-109301) directly on SEC EDGAR. The filing index links above go to sec.gov.