Hallador Energy Company (HNRG) Cash Flow: Operating & Free Cash Flow

Hallador Energy Company Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Hallador Energy Company (HNRG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	41.87	-226.14	44.79	18.11	-3.75	-6.22	-59.85	7.62	33.08
Depreciation & Amortization	41.22	69.00	69.02	46.88	28.19	41.93	51.94	48.12	46.55
Deferred Income Tax	1.83	-9.24	4.63	1.76	0.03	-2.06	0.00	-2.29	-19.66
Stock Based Compensation	3.72	4.45	3.55	1.27	1.00	1.21	1.83	3.17	7.27
Change in Working Capital	82.16	79.52	31.53	5.86	21.95	14.04	-15.47	-8.25	-8.36
Change in Accounts Receivable	1.45	4.50	9.95	-16.31	0.83	11.17	-7.31	-1.67	5.53
Change in Inventory	-12.60	-13.84	4.97	-32.13	15.85	5.77	-10.73	-8.11	-2.66
Change in Accounts Payable	-2.15	-14.58	-18.99	24.04	5.63	0.16	0.00	5.70	-0.82
Change in Other Working Capital	1.85	-66.92	-95.37	-5.22	-0.36	-3.05	2.58	-4.18	-10.42
Other Operating Activities	-87.84	-66.92	-95.37	-17.94	0.56	3.68	59.79	3.19	2.69
Net Cash from Operating Activities	81.13	65.93	59.41	54.17	47.97	52.58	38.24	51.57	61.57
Investing Activities
Capital Expenditures	-69.22	-53.37	-75.35	-54.02	-28.05	-20.69	-35.53	-35.09	-28.62
Acquisitions	3.16	-0.54	0.00	0.66	0.53	-0.11	0.00	8.00	0.00
Purchases of Investments	-0.49	0.00	0.00	0.00	0.00	20.69	0.00	35.09	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	2.56	0.00	1.01	0.00
Other Investing Activities	-0.49	6.90	0.06	0.00	0.00	-20.63	5.34	-35.01	6.33
Net Cash from Investing Activities	-66.55	-46.47	-75.29	-53.37	-27.53	-18.19	-30.20	-26.01	-22.30
Financing Activities
Debt Repayment	-106.00	-157.63	-59.71	-78.23	-26.42	-34.32	-8.31	-19.79	-36.63
Common Stock Issued	13.51	34.52	7.32	0.00	0.00	0.00	0.00	4.00	0.00
Common Stock Repurchased	0.00	0.00	-2.10	0.00	-0.27	-0.08	-0.36	-0.30	-3.21
Dividends Paid	0.00	0.00	0.00	0.00	0.00	-1.24	-4.97	-4.94	-4.89
Other Financing Activities	-0.33	-0.95	-8.11	-2.68	0.00	0.00	-1.19	2.97	4.94
Net Cash from Financing Activities	-11.37	-14.43	16.57	-0.21	-26.69	-35.63	-14.83	-21.76	-39.79
Summary
Net Change in Cash	3.22	5.03	0.70	0.60	-6.24	-1.24	-6.78	3.80	2.70
Cash at Beginning of Period	12.15	7.12	6.43	5.83	12.07	13.31	20.09	16.29	9.79
Cash at End of Period	15.37	12.15	7.12	6.43	5.83	12.07	13.31	20.09	12.48
Free Cash Flow	11.92	12.57	-15.94	0.15	19.92	31.89	2.71	16.48	32.95
Supplemental Disclosures
Interest Paid	-	10.51	9.97	8.12	8.72	10.97	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hallador Energy Company Cash Flow

What is Hallador Energy Company's free cash flow?

Hallador Energy Company generated free cash flow of $11.92M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $81.13M minus $69.22M of capital expenditures. That was down 5.2% from $12.57M a year earlier. Free cash flow equaled 2.5% of revenue.

How much does Hallador Energy Company spend on capital expenditures?

Hallador Energy Company spent $69.22M on capital expenditures in fiscal 2025, compared with $53.37M a year earlier. That equals 85.3% of operating cash flow.

Does Hallador Energy Company pay dividends or buy back shares?

Hallador Energy Company's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition