HALLADOR ENERGY CO
Close on Oct 19, 2026
- Market cap
- $549.57M
- P/E (TTM)
- 583.0
- Dividend yield
- –
About Hallador Energy
Electric Services, SIC 4911
Hallador Energy Company operates as a vertically integrated independent power producer and fuel provider. The company conducts business through two primary operating segments: Electric Operations and Coal Operations. Its main offerings include accredited electrical capacity, wholesale energy, and bituminous coal. Hallador generates electricity and provides capacity to regional utilities, generation and transmission cooperatives, and other energy market participants. Through its mining subsidiary, the company extracts coal from reserves in the Illinois Basin to serve electric power plants.
The company concentrates its business activities primarily in Indiana, within the Midcontinent Independent System Operator footprint. Its generation assets include the 1,080-megawatt coal-fired Merom Power Plant located in Sullivan County, Indiana, which features two steam turbine generators. Coal mining takes place at the Oaktown Mining Complex, situated about twenty miles from the power station, with logistics supported by rail and truck networks that supply plants across the Midwestern and Southeastern United States. The provided text does not specify the location of its corporate headquarters.
Summary of the business section of Hallador Energy's latest annual report, written by StockData.
Company profile
Company
- Legal name
- HALLADOR ENERGY CO
- Headquarters
- Terre Haute, IN
- Address
- 1183 East Canvasback Drive 47802
- Phone
- (303) 839-5504
- Employees
- 633, Dec 31, 2025
- Industry
- Electric Services
- Incorporated in
- Colorado
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Tulsa, Oklahoma
Stock & identifiers
- Ticker
- HNRG
- Exchange
- Nasdaq
- IPO date
- Apr 6, 1994
- Shares outstanding
- 47M, Aug 6, 2026
- Public float
- $520.73M, Jun 30, 2026
- Filer category
- Accelerated filer
- Stock splits
- 1-for-10 reverse, Jun 4, 1996
- SEC CIK
- 788965
- CUSIP
- 40609P105
- ISIN
- US40609P1057
- LEI
- 254900GKEQRHOI2SSC19
- EIN
- 84-1014610
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Brent K. Bilsland | President and CEO, Director | 1,512,892 |
| Todd E. Telesz | Chief Financial Officer | 8,219 |
| Matthew Bradford White | Chief Legal Officer | 3,359 |
| Heath Aaron Lovell | Chief Operating Officer | 152,713 |
| Deman Eric Matthew Van | Chief Accounting Officer | – |
| Marjorie Anne Hargrave | Chief Financial Officer | 30,267 |
| Barbara Ann Sugg | Director | 3,700 |
| Daniel Timothy Hudson | Director | 17,500 |
| Charles Ray Wesley IV | Director | 432,331 |
| Zarrell Thomas Gray | Director | 76,480 |
| David J. Lubar | Director | 5,454,870 |
| David C. Hardie | Director | 1,629,017 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Brent K. Bilsland | $1.44M | $3.20M | $963.95K | $191 | – |
| FY2024 Brent K. Bilsland | $2.82M | $4.55M | $1.19M | $115 | – |
| FY2023 Brent K. Bilsland | $997.80K | $721.35K | $653.20K | $88 | – |
| FY2022 Brent K. Bilsland | $3.43M | $4.24M | $2.26M | $406 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, Hallador and its subsidiaries employed 633 full-time employees and temporary miners, 599 of those employees and temporary miners are directly involved in the coal mining or coal washing process.”
Corporate history
Events identified from SEC filings