Filing Flows › Hallador Energy (HNRG) › Q1 2026 › vs Q4 2025
Hallador Energy (HNRG) Q1 2026 vs Q4 2025 (quarter over quarter)
Hallador Energy's revenue fell $137K (-0.1%) from $102M in Q4 2025 to $102M in Q1 2026.
Hallador Energy, Q1 2026: revenue $102M (-14% year over year), operating margin -5.6%, net loss $9.3M, operating cash flow $20.5M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 12.6% | -16.5% | +29.0 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $102M | $102M | −$137K | -0.1% |
| Income tax benefit | $504K | −$1.8M | $2.3M | — |
| Net loss | $9.3M | $240K | $9.1M | 39× |
| Costs & expenses | $112M | $102M | $9.4M | +9% |
| Operating costs | $107M | $95.8M | $11.7M | +12% |
| Interest & other, net | $4.2M | $4.6M | −$422K | -9% |
| SG&A | $6.9M | $7.1M | −$272K | -4% |
| Other operating costs | $101M | $88.6M | $12.0M | +14% |
| Operating cash sources | $29.8M | $8.4M | $21.4M | +255% |
| Depreciation & amortization | $10.6M | $11.6M | −$955K | -8% |
| Share-based compensation | $1.1M | $1.4M | −$250K | -18% |
| Working capital & other | $18.1M | −$4.5M | $22.6M | — |
| Net loss absorbed | $9.3M | $240K | $9.1M | 39× |
| Operating cash flow | $20.5M | $8.2M | $12.3M | +151% |
| Free cash flow (OCF − capex) | $12.8M | −$16.8M | $29.6M | — |
| Capital expenditures | $7.7M | $24.9M | −$17.3M | -69% |
Questions
How much did Hallador Energy's revenue grow quarter over quarter in Q1 2026?
Hallador Energy's revenue fell $137K (-0.1%) from $102M in Q4 2025 to $102M in Q1 2026.