Hallador Energy Company filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting a net loss and a decline in total revenues compared to the same period a year earlier.

Key Highlights

  • Net loss of $15.235 million for the three months ended June 30, 2026, compared to net income of $8.248 million in the same quarter of 2025.
  • Total revenues of $101.505 million for Q2 2026, down from $102.825 million in Q2 2025, according to the filing.
  • Loss from operations of $12.658 million for Q2 2026, versus income from operations of $11.806 million in Q2 2025.
  • Six-month net loss of $24.556 million for the period ended June 30, 2026, compared to net income of $18.227 million for the same period in 2025.
  • Cash and cash equivalents of $28.979 million as of June 30, 2026, up from $10.070 million at December 31, 2025.
  • 47,143,357 shares of common stock outstanding as of August 6, 2026, the filing disclosed.
  • Total assets of $468.044 million as of June 30, 2026, compared to $408.053 million at December 31, 2025.

Hallador Energy Q2 2026: Revenue Mix, Cost Pressures, and Balance Sheet Changes

According to the filing, Hallador Energy Company (Nasdaq: HNRG) reported total sales and operating revenues of $101.505 million for the three months ended June 30, 2026, a decrease from $102.825 million in Q2 2025. Electric sales were $59.509 million and coal sales were $40.601 million for the quarter, compared to $59.976 million and $38.147 million, respectively, in the prior-year quarter. Other revenues declined to $1.395 million from $4.702 million year over year.

The company disclosed total operating expenses of $114.163 million for Q2 2026, up from $91.019 million in Q2 2025. The increase was driven in part by cost of purchased power rising to $8.633 million from $2.172 million, other operating and maintenance costs increasing to $39.132 million from $28.955 million, and depreciation, depletion and amortization nearly doubling to $9.905 million from $5.542 million. Labor costs were $28.812 million versus $26.799 million a year earlier. The filing reported a basic and diluted loss per share of $0.32 for Q2 2026, compared to earnings of $0.19 per share in Q2 2025.

On the balance sheet, the company reported total stockholders' equity of $190.332 million as of June 30, 2026, up from $159.833 million at December 31, 2025. Common shares issued and outstanding increased to 47,144 thousand from 43,817 thousand over the same period, with additional paid-in capital rising to $257.985 million from $202.963 million. The retained deficit widened to $68.124 million from $43.568 million. Contract liabilities on a current basis stood at $136.457 million as of June 30, 2026, compared to $103.343 million at year-end 2025.

What Was Disclosed

Hallador Energy filed its quarterly report covering the period ended June 30, 2026, disclosing a net loss of $15.235 million for the quarter and $24.556 million for the first half of 2026, alongside changes in its balance sheet, revenues, and operating cost structure.