Hallador Energy Co's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Hallador Energy Co (HNRG) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Hallador Energy Co vs Its Competitors
- TTM: Trailing 12-month revenue of 452M vs 35,319M combined for tracked competitors (1.3% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-10.2% annualized vs trailing 12 months), vs holding steady (-1.0%) for its tracked peer group.
- Growth: Hallador Energy Co generated -1.4% revenue growth year over year in Q2 2026, vs -0.1% for its tracked competitors combined.
- Profitability: Its -15.0% net margin compares with 5.3% for the peer group.
- Scale: Hallador Energy Co ranks #55 of 74 companies by market capitalization in the Electric Utilities industry, holding 0.1% of industry market cap.
- Peer revenue share: Hallador Energy Co accounted for 1.2% of combined revenue among its tracked peer group, down from 1.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.71M compares with $0.88M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HNRG Sales vs. its Competitors, Q2 2026
Hallador Energy Co reported revenue contraction of 1.35 % year on year in Q2 2026, below its competitors' combined revenue change of -0.08 %.
With a net margin of -15.01 %, Hallador Energy Co reported lower profitability than its competitors (5.34 %).
Hallador Energy Co generated 1.15 % of the combined sales of its peer group, down from 1.16 % a year earlier.
Hallador Energy Co vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Hallador Energy Co and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Hallador Energy Co | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Hallador Energy Co's competitor groups requires a Commercial License.
For context: the Electric Utilities industry grew revenue 13.3% year over year, combined, vs -1.4% for Hallador Energy Co. Hallador Energy Co's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.00 percentage points.
Hallador Energy Co's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Hallador Energy Co | No | Yes | No | No |
| Competitors combined (8) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 16.70 % (1 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HNRG Stock Performance relative to its Competitors
HNRG Stock Performance relative to High-Confidence Competitors
HNRG Stock Performance relative to Similar-Size Competitors
HNRG Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Natural Resource Partners Lp | 282.9% | Outperformed |
| 2 | Alliance Resource Partners Lp | 282.9% | Outperformed |
| 3 | Cnx Resources Corporation | 282.9% | Outperformed |
| 4 | Wec Energy Group Inc | 282.9% | Outperformed |
| 5 | Cleveland cliffs Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Hallador Energy Co's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Hallador Energy Co
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Hallador Energy Co | 675.89 | 452.10 |
| Wec Energy Group Inc | 33,572.47 | 10,137.40 |
| Cleveland cliffs Inc | 6,323.83 | 19,195.00 |
| Cnx Resources Corporation | 4,863.64 | 2,599.46 |
| Alliance Resource Partners Lp | 3,172.73 | 2,174.46 |
| Natural Resource Partners Lp | 1,466.74 | 183.94 |
| SUBTOTAL | 50,507.30 | 35,770.74 |
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Sources: Hallador Energy Co's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Hallador Energy Co versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Hallador Energy Co's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Peabody Energy Corp | Named by the company | 85% |
| The Eastern Company | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Hallador Energy Co's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Hallador Energy Co's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Hallador Energy Co | Electric Operations 58.85 % |
| Wec Energy Group Inc | Wisconsin 78.63 % |
| Cleveland cliffs Inc | Steelmaking 97.51 % |
| Cnx Resources Corporation | Shale 59.86 % |
| Alliance Resource Partners Lp | Illinois Basin Segment 61.81 % |
| Nacco Industries Inc | Contract Mining 52.40 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Hallador Energy Co's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Hallador Energy Co | 676 | 714,221 | -1,441 |
| Wec Energy Group Inc | 33,572 | 1,417,620 | 236,904 |
| Cleveland cliffs Inc | 6,324 | 767,800 | -33,520 |
| Cnx Resources Corporation | 4,864 | 6,665,287 | 2,435,308 |
| Alliance Resource Partners Lp | 3,173 | 608,240 | 76,352 |
| Natural Resource Partners Lp | 1,467 | 3,606,608 | 2,092,118 |
| PEERS TOTAL | 49,831 | 882,679 | 53,710 |
Hallador Energy Co's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Hallador Energy Co's industry classification, broader than the peer set above. Market cap in millions of $.Hallador Energy Co ranks #55 of 65 companies by market capitalization in its industry, holding 0.05 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 440, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nextera Energy Inc | 157,223 | 11.66 % |
| 2 | Constellation Energy Corporation | 95,113 | 7.05 % |
| 3 | The Southern Company | 93,043 | 6.90 % |
| 4 | Duke Energy Corporation | 88,370 | 6.55 % |
| 5 | American Electric Power Co Inc | 1,234 | 5.2% |
| 6 | Dominion Energy Inc | 1,234 | 5.2% |
| 7 | Sempra | 1,234 | 5.2% |
| 8 | Vistra Corp | 1,234 | 5.2% |
| 9 | Entergy Corporation | 1,234 | 5.2% |
| 10 | Xcel Energy Inc | 1,234 | 5.2% |
| 55 | Hallador Energy Co | 676 | 0.05 % |
Market cap and industry share for the rest of Hallador Energy Co's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Hallador Energy Co's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 50 | Collective Mining Ltd | 1,053 | -12.88 % |
| 51 | Clearway Energy Inc | 1,023 | 2.37 % |
| 52 | Xplr Infrastructure Lp | 969 | 1.83 % |
| 53 | Unitil Corporation | 903 | 7.37 % |
| 54 | Nano Nuclear Energy Inc | 1,234 | 12.3% |
| 55 | Hallador Energy Co | 676 | -25.08 % |
| 56 | Genie Energy Ltd | 1,234 | 12.3% |
| 57 | Enel Chile S a | 1,234 | 12.3% |
| 58 | Eco Wave Power Global Ab Publ | 1,234 | 12.3% |
| 59 | Ellomay Capital Ltd | 1,234 | 12.3% |
| 60 | Brookfield Renewable Partners L p | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Hallador Energy Co's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Hallador Energy Co's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Electric Utilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (83 companies). See the full Electric Utilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 51.42 % | 58.29 % (avg) | -6.9 pp |
| Operating Margin | 3.75 % | industry median | -14.8 pp |
| EBITDA Margin | 11.46 % | 27.06 % (avg) | -15.6 pp |
| Capital Intensity (Capex / Revenue) | 17.35 % | 34.89 % (avg) | -17.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Hallador Energy Co's Valuation vs Competitive Position
Valuation multiples vs the Electric Utilities industry average (83 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Electric Utilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 701.2x | 24.9x | +676.3x |
| EV / EBITDA | 15.8x | 16.1x | -0.3x |
| P/B | 4.6x | 2.1x | +2.6x |
| Return on Equity | -0.52 % | industry aggregate | -14.95 % |
| Return on Invested Capital | 4.03 % | 2.48 % (avg) | 1.55 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Hallador Energy Co's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -1.25 % | 8.07 % | 10.19 % | -24.17 % | 0.97 % | 75.28 % | -36.26 % | 16.09 % |
| Operating Margin | 9.68 % | 6.76 % | -21.11 % | 0.76 % | -2.44 % | 10.25 % | -53.95 % | 13.01 % |
| Return on Invested Capital | 3.74 % | 2.75 % | -10.25 % | 0.36 % | -1.25 % | 9.47 % | -35.07 % | 17.54 % |
| P/E | 5.6x | - | - | - | - | 8.4x | - | 20.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Hallador Energy Co's Strategic Group Map
Every company in Hallador Energy Co's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Hallador Energy Co is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Hallador Energy Co's BCG Growth-Share Matrix
Relative market share (vs Hallador Energy Co's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Hallador Energy Co falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 8.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Hallador Energy Co's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 440 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 17.35 % vs industry average 34.89 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Hallador Energy Co's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Hallador Energy Co's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Hallador Energy Co's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Hallador Energy Co falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Hallador Energy Co's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 14.8 points below the industry median.
- Return on equity 15.0 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-10.2% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Hallador Energy Co's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Hallador Energy Co | 0.13 | 0.74 | 0.17 |
| Wec Energy Group Inc | 0.01 | 0.57 | 107.40 |
| Cleveland cliffs Inc | 0.02 | 1.97 | 1.29 |
| Cnx Resources Corporation | 0.01 | 0.47 | 0.53 |
| Alliance Resource Partners Lp | 0.30 | 1.78 | 0.27 |
| Natural Resource Partners Lp | 1.03 | 2.04 | 0.08 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Hallador Energy Co's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Hallador Energy Co | Q2 2026 | -1.3 % | - |
| Wec Energy Group Inc | Q2 2026 | +2.6 % | +23.9 % |
| Cleveland cliffs Inc | Q2 2026 | +5.9 % | - |
| Cnx Resources Corporation | Q2 2026 | -35.7 % | -53.0 % |
| Alliance Resource Partners Lp | Q2 2026 | +0.7 % | +33.6 % |
| Natural Resource Partners Lp | Q2 2026 | - | -26.4 % |
| PEERS TOTAL | -0.1 % | +57.9 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Hallador Energy Co's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Hallador Energy Co | Q2 2026 | +20.6 % | +101.3 % |
| Wec Energy Group Inc | Q2 2026 | -2.6 % | +52.2 % |
| Cleveland cliffs Inc | Q2 2026 | -1.0 % | +40.2 % |
| Cnx Resources Corporation | Q2 2026 | - | +25.0 % |
| Alliance Resource Partners Lp | Q2 2026 | - | -25.4 % |
| Natural Resource Partners Lp | Q2 2026 | +111.3 % | - |
Hallador Energy Co's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Hallador Energy Co | - | - | - |
| Wec Energy Group Inc | 3.29% | 5.16% | 847.58% |
| Cleveland cliffs Inc | - | - | - |
| Cnx Resources Corporation | 10.48% | 11.69% | 21.20% |
| Alliance Resource Partners Lp | 9.45% | 5.99% | 15.04% |
| Natural Resource Partners Lp | 14.08% | 7.84% | 16.89% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Hallador Energy Co's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Hallador Energy Co | 583.64 | 1.49 |
| Wec Energy Group Inc | 19.74 | 3.31 |
| Cleveland cliffs Inc | - | 0.33 |
| Cnx Resources Corporation | 5.31 | 1.87 |
| Alliance Resource Partners Lp | 12.02 | 1.46 |
| Natural Resource Partners Lp | 13.91 | 7.97 |
| PEERS AVERAGE | 23.51 | 1.41 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.