Filing Flows › Hallador Energy (HNRG) › Q1 2025
Hallador Energy (HNRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Hallador Energy (HNRG) reported revenue of $118M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +26% from the quarter before. Operating margin was 11.8%, net earnings $10.0M (8.5% of revenue).
Hallador Energy, Q1 2025: revenue $118M (+6% year over year), operating margin 11.8%, net earnings $10.0M, operating cash flow $38.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | +26% | +6% |
| Operating profit | $13.9M | — | +408% |
| Net earnings | $10.0M | — | — |
| Operating cash flow | $38.4M | -1% | +135% |
| Free cash flow | $26.7M | +6% | 18× |
What changed
Revenue was $117.7M in Q1 2025, up 6% year over year and up 26% from the previous quarter.
Operating profit was $13.9M, a 11.8% margin (up 9.3 points year over year). Of the extra revenue versus a year earlier, 181% reached operating profit, above the 2% margin then. Total costs fell 5% while revenue rose 6%. The fastest-growing cost line was Other operating costs (+445%). Net earnings were $10.0M. The effective tax rate was 0.0%.
Operating cash flow was $38.4M (up 135% year over year), 385% of net earnings. Non-cash charges added back $15.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $12.4M. Capital expenditures of $11.7M left free cash flow of $26.7M.
Questions
What was Hallador Energy's revenue in the first quarter 2025?
Hallador Energy (HNRG) reported revenue of $118M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +26% from the quarter before.
Was Hallador Energy profitable in the first quarter 2025?
Operating profit was $13.9M (11.8% of revenue) and net earnings $10.0M.
Source: Hallador Energy 10-Q on SEC EDGAR.