Hallador Energy Company (HNRG) - Net Assets
Based on the latest financial reports, Hallador Energy Company (HNRG) has net assets worth $205.57 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($448.63 Million) and total liabilities ($243.06 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hallador Energy Company (HNRG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $205.57 Million |
| % of Total Assets | 45.82% |
| Annual Growth Rate | 12.55% |
| 5-Year Change | -14.18% |
| 10-Year Change | -26.31% |
| Growth Volatility | 55.1 |
Hallador Energy Company - Net Assets Trend (1995–2025)
This chart illustrates how Hallador Energy Company's net assets have evolved over time, based on quarterly financial data. See Hallador Energy Company (HNRG) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hallador Energy Company (1995–2025)
The table below shows the annual net assets of Hallador Energy Company from 1995 to 2025. For live valuation and market cap data, see how much is Hallador Energy Company worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $159.83 Million | +53.27% |
| 2024-12-31 | $104.28 Million | -61.17% |
| 2023-12-31 | $268.59 Million | +24.91% |
| 2022-12-31 | $215.02 Million | +15.46% |
| 2021-12-31 | $186.24 Million | -1.60% |
| 2020-12-31 | $189.26 Million | -3.21% |
| 2019-12-31 | $195.53 Million | -24.47% |
| 2018-12-31 | $258.87 Million | +3.83% |
| 2017-12-31 | $249.32 Million | +14.95% |
| 2016-12-31 | $216.89 Million | +4.87% |
| 2015-12-31 | $206.82 Million | +8.92% |
| 2014-12-31 | $189.88 Million | +3.57% |
| 2013-12-31 | $183.33 Million | +13.16% |
| 2012-12-31 | $162.01 Million | +0.63% |
| 2011-12-31 | $160.99 Million | +27.03% |
| 2010-12-31 | $126.73 Million | +16.67% |
| 2009-12-31 | $108.63 Million | +45.68% |
| 2008-12-31 | $74.57 Million | +88.50% |
| 2007-12-31 | $39.56 Million | +40.38% |
| 2006-12-31 | $28.18 Million | +44.09% |
| 2005-12-31 | $19.56 Million | -15.88% |
| 2004-12-31 | $23.25 Million | +167.72% |
| 2003-12-31 | $8.68 Million | +12.25% |
| 2002-12-31 | $7.74 Million | -24.49% |
| 2001-12-31 | $10.24 Million | +2.47% |
| 2000-12-31 | $10.00 Million | +29.22% |
| 1999-12-31 | $7.74 Million | +222.38% |
| 1998-12-31 | $2.40 Million | -29.41% |
| 1997-12-31 | $3.40 Million | -41.38% |
| 1996-12-31 | $5.80 Million | +26.09% |
| 1995-12-31 | $4.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hallador Energy Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3006800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $438.00K | 0.27% |
| Other Components | $202.96 Million | 126.98% |
| Total Equity | $159.83 Million | 100.00% |
Hallador Energy Company Competitors by Market Cap
The table below lists competitors of Hallador Energy Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cansino Biologics Inc
SHG:688185
|
$832.80 Million |
|
Hangzhou Huning Elevator Parts Co Ltd
SHE:300669
|
$832.99 Million |
|
Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd
SHG:600425
|
$833.61 Million |
|
Shenzhen Comix Group Co Ltd
SHE:002301
|
$833.85 Million |
|
Zhejiang He Chuan Technology Corp. Ltd. A
SHG:688320
|
$832.43 Million |
|
United Overseas Australia Ltd
AU:UOS
|
$832.40 Million |
|
Anhui Gujing Distillery Co Ltd
SHE:200596
|
$832.10 Million |
|
Taiwan Semiconductor Co Ltd
TWO:5425
|
$832.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hallador Energy Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 104,285,000 to 159,833,000, a change of 55,548,000 (53.3%).
- Net income of 41,871,000 contributed positively to equity growth.
- New share issuances of 13,510,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.87 Million | +26.2% |
| Share Issuances | $13.51 Million | +8.45% |
| Other Changes | $167.00K | +0.1% |
| Total Change | $- | 53.27% |
Book Value vs Market Value Analysis
This analysis compares Hallador Energy Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 27.27x to 4.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.65 | $17.67 | x |
| 1996-12-31 | $0.82 | $17.67 | x |
| 1997-12-31 | $0.48 | $17.67 | x |
| 1998-12-31 | $0.32 | $17.67 | x |
| 1999-12-31 | $0.42 | $17.67 | x |
| 2000-12-31 | $0.62 | $17.67 | x |
| 2001-12-31 | $0.63 | $17.67 | x |
| 2002-12-31 | $0.42 | $17.67 | x |
| 2003-12-31 | $0.51 | $17.67 | x |
| 2004-12-31 | $1.90 | $17.67 | x |
| 2005-12-31 | $2.73 | $17.67 | x |
| 2006-12-31 | $2.41 | $17.67 | x |
| 2007-12-31 | $2.95 | $17.67 | x |
| 2008-12-31 | $3.78 | $17.67 | x |
| 2009-12-31 | $4.44 | $17.67 | x |
| 2010-12-31 | $4.44 | $17.67 | x |
| 2011-12-31 | $5.61 | $17.67 | x |
| 2012-12-31 | $5.62 | $17.67 | x |
| 2013-12-31 | $6.34 | $17.67 | x |
| 2014-12-31 | $6.60 | $17.67 | x |
| 2015-12-31 | $7.12 | $17.67 | x |
| 2016-12-31 | $7.41 | $17.67 | x |
| 2017-12-31 | $8.41 | $17.67 | x |
| 2018-12-31 | $8.47 | $17.67 | x |
| 2019-12-31 | $6.33 | $17.67 | x |
| 2020-12-31 | $6.08 | $17.67 | x |
| 2021-12-31 | $5.95 | $17.67 | x |
| 2022-12-31 | $6.39 | $17.67 | x |
| 2023-12-31 | $7.29 | $17.67 | x |
| 2024-12-31 | $2.64 | $17.67 | x |
| 2025-12-31 | $3.68 | $17.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hallador Energy Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.92%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.74x
- Recent ROE (26.20%) is above the historical average (-0.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 17.24% | 18.52% | 0.44x | 2.14x | $420.00K |
| 1997 | -14.71% | -9.62% | 0.36x | 4.26x | $-840.00K |
| 1998 | -30.43% | -15.91% | 0.40x | 4.83x | $-930.00K |
| 1999 | 11.74% | 9.08% | 0.37x | 3.47x | $51.60K |
| 2000 | 34.74% | 19.87% | 0.69x | 2.54x | $1.13 Million |
| 2001 | 3.70% | 2.25% | 0.65x | 2.52x | $-297.90K |
| 2002 | -59.06% | -22.66% | 0.81x | 3.22x | $-2.05 Million |
| 2003 | 18.28% | 7.00% | 0.78x | 3.36x | $301.30K |
| 2004 | 73.07% | 920.71% | 0.04x | 1.89x | $8.52 Million |
| 2005 | 0.83% | 9.84% | 0.07x | 1.16x | $-1.79 Million |
| 2006 | -2.92% | -33.39% | 0.04x | 2.19x | $-3.64 Million |
| 2007 | -6.16% | -8.87% | 0.31x | 2.23x | $-6.33 Million |
| 2008 | 12.21% | 12.59% | 0.52x | 1.87x | $1.61 Million |
| 2009 | 18.58% | 17.35% | 0.70x | 1.52x | $9.32 Million |
| 2010 | 17.66% | 17.45% | 0.69x | 1.47x | $9.70 Million |
| 2011 | 22.24% | 23.72% | 0.65x | 1.44x | $19.71 Million |
| 2012 | 14.69% | 18.12% | 0.57x | 1.41x | $7.61 Million |
| 2013 | 12.23% | 16.32% | 0.53x | 1.42x | $4.09 Million |
| 2014 | 5.38% | 4.37% | 0.40x | 3.05x | $-8.77 Million |
| 2015 | 9.73% | 5.93% | 0.62x | 2.64x | $-550.00K |
| 2016 | 5.77% | 4.49% | 0.53x | 2.44x | $-9.18 Million |
| 2017 | 13.27% | 12.33% | 0.52x | 2.08x | $8.14 Million |
| 2018 | 2.99% | 2.61% | 0.57x | 2.02x | $-17.87 Million |
| 2019 | -31.25% | -18.86% | 0.75x | 2.22x | $-79.01 Million |
| 2020 | -3.36% | -2.55% | 0.64x | 2.07x | $-24.75 Million |
| 2021 | -2.06% | -1.52% | 0.70x | 1.94x | $-21.98 Million |
| 2022 | 8.42% | 5.00% | 0.55x | 3.04x | $-3.40 Million |
| 2023 | 16.68% | 7.06% | 1.08x | 2.20x | $17.93 Million |
| 2024 | -216.85% | -55.92% | 1.10x | 3.54x | $-236.57 Million |
| 2025 | 26.20% | 8.92% | 1.07x | 2.74x | $25.89 Million |
Industry Comparison
This section compares Hallador Energy Company's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $547,579,000
- Average return on equity (ROE) among peers: -10.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hallador Energy Company (HNRG) | $205.57 Million | 17.24% | 1.18x | $832.79 Million |
| Alliance Resource Partners LP (ARLP) | $1.23 Billion | 14.53% | 0.76x | $3.13 Billion |
| Peabody Energy Corp (BTU) | $337.80 Million | -219.01% | 33.87x | $3.13 Billion |
| Core Natural Resources, Inc. (CNR) | $246.60 Million | 117.99% | 2.08x | $4.37 Billion |
| NACCO Industries Inc (NC) | $162.20 Million | 19.36% | 5.57x | $295.05 Million |
| Natural Resource Partners LP (NRP) | $765.23 Million | 14.91% | 0.99x | $1.33 Billion |
About Hallador Energy Company
Hallador Energy Company, through its subsidiaries, operates as an independent power producer and fuel company in the United States. It operates in two segments, Electric Operations and Coal Operations. The company owns and operates the Meron power plant, a 1,080 megawatts coal-fired power generating station that consists of two steam turbine generators and sells accredited capacity to utilities a… Read more