HNRGHallador Energy Company
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -93% · now 39% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can HNRG take a bad year?
Hallador Energy Company carries $18M of net debt at 0.30× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.30×
Net debt / EBITDA
- Cash runway
- 0.6 years
Cash runway · burning $13M a quarter at the current rate
- Annualised volatility
- 68%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $47M
- Cash and short-term investments
- $29M
- Net debt
- $18M
- EBITDA, trailing twelve months
- $58M
- Operating profit, trailing twelve months
- $17M
- Debt / equity
- 0.24×
- Total debt / EBITDA
- 0.80×
- Annualised volatilitytwo years of daily moves
- 68%
- Worst drawdown on file
- −93%
- Below its 52-week high
- 39%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.