Filing Flows › Hallador Energy (HNRG) › Q1 2026
Hallador Energy (HNRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Hallador Energy (HNRG) reported revenue of $102M for the first quarter 2026 (Q1 2026), -14% from a year earlier and -0.1% from the quarter before. Operating margin was -5.6%, net loss $9.3M (9.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | -0.1% | -14% |
| Operating profit | −$5.7M | -191% | -141% |
| Net earnings | −$9.3M | — | -193% |
| Operating cash flow | $20.5M | +151% | -47% |
| Free cash flow | $12.8M | — | -52% |
What changed
Revenue was $101.8M in Q1 2026, down 14% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $5.7M, an operating margin of -5.6%. Total costs grew 3% against a revenue fall of 14%. The quarter ended with a net loss of $9.3M, wider than the previous quarter's $240K loss.
Operating cash flow was $20.5M (down 47% year over year). Non-cash charges added back $10.6M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $18.1M. Capital expenditures of $7.7M left free cash flow of $12.8M.
Questions
What was Hallador Energy's revenue in the first quarter 2026?
Hallador Energy (HNRG) reported revenue of $102M for the first quarter 2026 (Q1 2026), -14% from a year earlier and -0.1% from the quarter before.
Was Hallador Energy profitable in the first quarter 2026?
Operating loss was $5.7M (-5.6% of revenue) and net loss $9.3M.
Source: Hallador Energy 10-Q on SEC EDGAR.