HNRGNasdaqElectric ServicesFiscal year ends December 31
HALLADOR ENERGY CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$11.66−0.05 (-0.43%)
Close on Oct 19, 2026
- Market cap
- $549.57M
- P/E (TTM)
- 583.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
76.8%
36M of 47M shares
Institutional holders
172
29 new, 37 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
11 buys · 0 sales
Net bought $1.28M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Lubar & Co., Incorporated | 5,452,019 | – | 13D (active) amendment | Aug 31, 2024 |
| David J. Lubar | 3,992,725 | 11.49% | 13D (active) amendment | Feb 23, 2024 |
| BlackRock, Inc. | 2,803,323 | 5.90% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HNRG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Lubar & Co., Inc | 5,452,019 | 11.56% | $94.81M | – | 74.99% |
| BlackRock, Inc. | 2,851,856 | 6.05% | $49.59M | +457,110 | 0.00% |
| Point72 Asset Management, L.P. | 2,121,228 | 4.50% | $36.89M | +219,974 | 0.04% |
| Aegis Financial Corp | 1,812,026 | 3.84% | $31.51M | −2,000 | 4.98% |
| Orbis Allan Gray Ltd | 1,695,845 | 3.60% | $29.49M | −63,966 | 0.10% |
| Vanguard Capital Management LLC | 1,531,550 | 3.25% | $26.63M | +45,721 | 0.00% |
| American Century Companies Inc | 1,518,138 | 3.22% | $26.40M | +135,011 | 0.01% |
| Dimensional Fund Advisors LP | 1,043,820 | 2.21% | $18.15M | +20,837 | 0.00% |
| Geode Capital Management, LLC | 980,431 | 2.08% | $17.05M | −10,309 | 0.00% |
| Highland Peak Capital, LLC | 947,219 | 2.01% | $16.47M | New | 4.79% |
| Dayah Capital LLC | 887,236 | 1.88% | $15.43M | +238,936 | 5.20% |
| State Street Corp | 780,330 | 1.66% | $13.57M | +71,032 | 0.00% |
| Deutsche Bank AG\ | 778,244 | 1.65% | $13.53M | +67,248 | 0.00% |
| Morgan Stanley | 758,982 | 1.61% | $13.20M | +352,594 | 0.00% |
| Tyro Capital Management LLC | 735,471 | 1.56% | $12.79M | New | 2.87% |
| Garnet Equity Capital Holdings, Inc. | 633,895 | 1.34% | $11.02M | +201,421 | 2.08% |
| FMR LLC | 616,268 | 1.31% | $10.72M | −27,850 | 0.00% |
| Vanguard Portfolio Management LLC | 485,567 | 1.03% | $8.44M | −286,619 | 0.00% |
| Goldman Sachs Group Inc | 478,277 | 1.01% | $8.32M | +124,508 | 0.00% |
| Susquehanna International Group, Llp | 417,786 | 0.89% | $7.27M | +125,473 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 172 | 36M | 76.8% | 29 / 59 | 52 / 37 | 7M | 5M |
| Q1 2026 | 184 | 34M | 72.6% | 50 / 58 | 47 / 37 | 9M | 4M |
| Q4 2025 | 174 | 32M | 68.1% | 48 / 53 | 44 / 23 | 10M | 3M |
| Q3 2025 | 151 | 26M | 54.7% | 29 / 49 | 52 / 22 | 5M | 6M |
| Q2 2025 | 144 | 26M | 55.9% | 40 / 59 | 32 / 28 | 9M | 7M |
| Q1 2025 | 134 | 24M | 51.9% | 35 / 43 | 38 / 23 | 6M | 3M |
| Q4 2024 | 123 | 22M | 46.7% | 33 / 44 | 32 / 24 | 5M | 2M |
| Q3 2024 | 115 | 19M | 40.5% | 25 / 38 | 36 / 17 | 6M | 4M |
| Q2 2024 | 109 | 19M | 40.0% | 33 / 35 | 28 / 20 | 5M | 3M |
| Q1 2024 | 97 | 16M | 34.0% | 17 / 35 | 31 / 26 | 3M | 3M |
| Q4 2023 | 106 | 15M | 32.8% | 36 / 39 | 18 / 16 | 4M | 2M |
| Q3 2023 | 86 | 13M | 28.4% | 22 / 28 | 20 / 13 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HNRG | Value | % of fund | As of |
|---|---|---|---|---|---|
| Aegis Value Fund | 1,751,501 | 3.72% | $30.46M | 2.70% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 1,249,631 | 2.65% | $24.07M | 0.09% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,053,386 | 2.23% | $18.32M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 914,968 | 1.94% | $15.91M | 0.02% | Jun 30, 2026 |
| DWS Small Cap Core Fund | 650,000 | 1.38% | $11.30M | 0.97% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 557,468 | 1.18% | $9.69M | 0.17% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 445,202 | 0.94% | $7.74M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 386,132 | 0.82% | $5.49M | 0.02% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 331,413 | 0.70% | $5.76M | 0.04% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 244,709 | 0.52% | $4.71M | 0.04% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 197,713 | 0.42% | $3.81M | 0.01% | May 31, 2026 |
| U.S. Small Cap Portfolio | 194,054 | 0.41% | $2.76M | 0.01% | Jul 31, 2026 |
| Schwab U.S. Small-Cap ETF | 180,152 | 0.38% | $3.47M | 0.02% | May 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 178,787 | 0.38% | $3.11M | 0.00% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 174,176 | 0.37% | $3.35M | 0.02% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Brent K. Bilsland | President and CEO, Director | 1,512,892 | 3.21% | Apr 16, 2026 |
| Todd E. Telesz | Chief Financial Officer | 8,219 | 0.02% | Jun 25, 2026 |
| Matthew Bradford White | Chief Legal Officer | 3,359 | 0.01% | Jun 17, 2026 |
| Heath Aaron Lovell | Chief Operating Officer | 152,713 | 0.32% | Apr 16, 2026 |
| Deman Eric Matthew Van | Chief Accounting Officer | – | – | Mar 11, 2026 |
| Marjorie Anne Hargrave | Chief Financial Officer | 30,267 | 0.06% | Apr 2, 2025 |
| Barbara Ann Sugg | Director | 3,700 | 0.01% | Jul 15, 2026 |
| Daniel Timothy Hudson | Director | 17,500 | 0.04% | Jul 10, 2026 |
| Charles Ray Wesley IV | Director | 432,331 | 0.92% | Jun 17, 2026 |
| Zarrell Thomas Gray | Director | 76,480 | 0.16% | Jun 1, 2026 |
| David J. Lubar | Director, 10% owner | 5,454,870 | 11.57% | Jun 1, 2026 |
| David C. Hardie | Director | 1,629,017 | 3.46% | Jan 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Barbara Ann Sugg Director | Jul 14, 2026 | Buy | +3,700 | $17.13 | $63.38K | 3,700 |
| Barbara Ann Sugg Director | Jul 14, 2026 | Buy | +1,300 | $17.13 | $22.27K | 5,000 |
| Daniel Timothy Hudson Director | Jul 9, 2026 | Buy | +2,500 | $16.60 | $41.50K | 17,500 |
| Daniel Timothy Hudson Director | Jul 9, 2026 | Buy | +2,500 | $16.57 | $41.43K | 20,000 |
| Daniel Timothy Hudson Director | Jun 29, 2026 | Buy | +5,000 | $16.90 | $84.50K | 10,000 |
| Daniel Timothy Hudson Director | Jun 29, 2026 | Buy | +5,000 | $16.98 | $84.90K | 15,000 |
| Daniel Timothy Hudson Director | Jun 25, 2026 | Buy | +2,000 | $17.70 | $35.40K | 5,000 |
| Daniel Timothy Hudson Director | Jun 24, 2026 | Buy | +3,000 | $17.04 | $51.12K | 3,000 |
| Todd E. Telesz Chief Financial Officer | Jun 23, 2026 | Option exercise | +8,219 | $17.73 | $145.72K | 8,219 |
| Todd E. Telesz Chief Financial Officer | Jun 23, 2026 | Tax withholding | −2,610 | $17.73 | $46.28K | 5,609 |
| Charles Ray Wesley IV Director | Jun 16, 2026 | Buy | +15,000 | $16.69 | $250.35K | 338,469 |
| Heath Aaron Lovell Chief Operating Officer | Mar 31, 2026 | Option exercise | +40,864 | $16.28 | $665.27K | 170,816 |
| Zarrell Thomas Gray Director | Jan 14, 2026 | Other | +13,888 | $18.00 | $249.98K | 76,480 |
| Charles Ray Wesley IV Director | Jan 14, 2026 | Other | +55,555 | $18.00 | $999.99K | 323,469 |
| David C. Hardie Director | Dec 31, 2025 | Award | +1,944 | $19.29 | $37.50K | 23,016 |
| Charles Ray Wesley IV Director | Dec 30, 2025 | Award | +2,592 | $19.29 | $50.00K | 93,862 |
| Zarrell Thomas Gray Director | Dec 30, 2025 | Award | +2,592 | $19.29 | $50.00K | 62,592 |
| David J. Lubar Director, 10% owner | Dec 30, 2025 | Award | +2,851 | $19.29 | $55.00K | 2,851 |
| Charles Ray Wesley IV Director | Dec 17, 2025 | Buy | +20,000 | $17.83 | $356.60K | 267,914 |
| Charles Ray Wesley IV Director | Nov 21, 2025 | Buy | +13,000 | $19.28 | $250.64K | 247,914 |
| David C. Hardie Director | Oct 1, 2025 | Sale | −75,000 | $19.76 | $1.48M | 1,584,929 |
| David C. Hardie Director | Oct 1, 2025 | Sale | −25,000 | $19.76 | $494.00K | 21,072 |
| David C. Hardie Director | Sep 30, 2025 | Sale | −25,000 | $19.53 | $488.25K | 46,072 |
| David C. Hardie Director | Sep 30, 2025 | Sale | −75,000 | $19.53 | $1.46M | 1,659,929 |
| David C. Hardie Director | Sep 29, 2025 | Sale | −18,446 | $19.65 | $362.46K | 71,072 |
| David C. Hardie Director | Sep 29, 2025 | Sale | −55,337 | $19.65 | $1.09M | 1,734,929 |
| David C. Hardie Director | Sep 26, 2025 | Sale | −58,401 | $19.18 | $1.12M | 1,790,266 |
| David C. Hardie Director | Sep 26, 2025 | Sale | −19,467 | $19.18 | $373.38K | 89,518 |
| David C. Hardie Director | Sep 25, 2025 | Sale | −26,236 | $19.82 | $520.00K | 1,848,667 |
| David C. Hardie Director | Sep 25, 2025 | Sale | −8,746 | $19.82 | $173.35K | 108,985 |
| David C. Hardie Director | Sep 23, 2025 | Sale | −6,577 | $19.08 | $125.49K | 1,874,903 |
| David C. Hardie Director | Sep 23, 2025 | Sale | −2,193 | $19.08 | $41.84K | 117,731 |
| David C. Hardie Director | Sep 22, 2025 | Sale | −19,165 | $19.25 | $368.93K | 119,924 |
| David C. Hardie Director | Sep 22, 2025 | Sale | −57,494 | $19.25 | $1.11M | 1,881,480 |
| Charles Ray Wesley IV Director | Aug 19, 2025 | Buy | +20,000 | $15.27 | $305.40K | 234,914 |
| David C. Hardie Director | May 19, 2025 | Sale | −30,380 | $19.05 | $578.74K | 139,089 |
| David C. Hardie Director | May 19, 2025 | Sale | −67,457 | $19.05 | $1.29M | 1,938,974 |
| Zarrell Thomas Gray Director | Apr 10, 2025 | Buy | +9,000 | $13.60 | $122.40K | 60,000 |
| Charles Ray Wesley IV Director | Apr 7, 2025 | Buy | +10,000 | $10.40 | $104.00K | 214,914 |
| Heath Aaron Lovell Chief Operating Officer | Mar 31, 2025 | Tax withholding | −18,103 | $16.28 | $294.72K | 152,713 |
| Brent K. Bilsland President and CEO, Director | Mar 31, 2025 | Tax withholding | −45,972 | $16.28 | $748.42K | 1,146,495 |
| Brent K. Bilsland President and CEO, Director | Mar 31, 2025 | Option exercise | +105,079 | $16.28 | $1.71M | 1,192,467 |
| Brent K. Bilsland President and CEO, Director | Mar 31, 2025 | Tax withholding | −55,849 | $12.28 | $685.83K | 1,087,388 |
| Heath Aaron Lovell President-Hallador Power | Mar 31, 2025 | Tax withholding | −36,915 | $12.28 | $453.32K | 129,952 |
| Brent K. Bilsland President and CEO, Director | Mar 31, 2025 | Tax withholding | −53,032 | $12.28 | $651.23K | 1,090,203 |
| Brent K. Bilsland President and CEO, Director | Mar 31, 2025 | Option exercise | +194,258 | $12.28 | $2.39M | 1,143,235 |
| Marjorie Anne Hargrave Chief Financial Officer | Mar 31, 2025 | Option exercise | +30,267 | $12.28 | $371.68K | 30,267 |
| Heath Aaron Lovell President-Hallador Power | Mar 31, 2025 | Tax withholding | −35,482 | $12.28 | $435.72K | 131,385 |
| Heath Aaron Lovell President-Hallador Power | Mar 31, 2025 | Option exercise | +98,835 | $12.28 | $1.21M | 166,867 |
| Charles Ray Wesley IV Director | Dec 17, 2024 | Other | +1,562 | $12.01 | $18.76K | 204,914 |
| David C. Hardie Director | Dec 10, 2024 | Sale | −16,282 | $13.10 | $213.29K | 2,006,431 |
| David C. Hardie Director | Dec 9, 2024 | Sale | −18,775 | $13.02 | $244.45K | 2,022,713 |
| David C. Hardie Director | Dec 6, 2024 | Sale | −2,553 | $13.01 | $33.21K | 2,041,488 |
| David C. Hardie Director | Nov 25, 2024 | Sale | −12,390 | $13.21 | $163.67K | 2,044,041 |
| David C. Hardie Director | Nov 22, 2024 | Sale | −33,308 | $13.05 | $434.67K | 2,056,431 |
| David C. Hardie Director | Nov 21, 2024 | Sale | −1,799 | $13.05 | $23.48K | 2,090,127 |
| David C. Hardie Director | Nov 20, 2024 | Sale | −14,893 | $13.02 | $193.91K | 2,091,926 |
| David C. Hardie Director | Nov 19, 2024 | Sale | −388 | $12.91 | $5.01K | 2,106,731 |
| David C. Hardie Director | Nov 18, 2024 | Sale | −23,604 | $13.11 | $309.45K | 2,106,819 |
| David C. Hardie Director | Nov 15, 2024 | Sale | −44,699 | $12.88 | $575.72K | 2,130,423 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Alternative Assets Fund Llc Hallador AFFILIATE OF DIRECTOR | Nov 13, 2025 | 415,127 | $8.30M | Nov 12, 2025 | PURCHASE FROM ISSUER |
| Hardie David DIRECTOR | Nov 12, 2025 | 21,072 | $421.44K | Nov 12, 2025 | INHERITANCE |
| Hardie David DIRECTOR | Aug 18, 2025 | 139,089 | $3.06M | Aug 17, 2025 | INHERITANCE |
| Alternative Assets Fund Llc Hallador AFFILIATE OF DIRECTOR | Aug 13, 2025 | 511,000 | $12.24M | Aug 13, 2025 | PURCHASE FROM ISSUER |
| Hardie David DIRECTOR | May 16, 2025 | 169,469 | $3.05M | May 16, 2025 | PURCHASE FROM ISSUER |
| Alternative Assets Fund Llc Hallador AFFILIATE OF DIRECTOR | May 12, 2025 | 600,000 | $6.45M | May 15, 2025 | PURCHASE FROM ISSUER |
| Alternative Assets Fund Llc Hallador AFFILIATE OF DIRECTOR | Nov 18, 2024 | 425,980 | $5.47M | Nov 18, 2024 | PURCHASE FROM ISSUER |
| Alternative Assets Fund LLC Hallador Affiliate of Director | May 18, 2023 | 331,370 | $3.02M | May 19, 2023 | PURCHASE FROM ISSUER |