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Hallador Energy Company ( Hallador or the Company ) is a vertically integrated, independent power producer ( IPP ) and fuel company with operations primarily in Indiana. The Company operates across multiple stages of the energy value chain, from accredited capacity and energy to coal.
13.01% operating margin is respectable but not wide. ROIC at 32.81%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 16.2% YoY with margins expanding 67.0pp. However, free cash flow softened 5%, worth monitoring whether this is timing or structural.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$454M
▲ +16.2% YoY
Net Income (TTM)
$23M
▲ +118.5% YoY
Op. Margin
9.16%
▲ +67.0pp YoY
ROIC
15.80%
▲ +97.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -5.2% YoY
Op. Cash Flow (TTM)
$63M
▲ +23.1% YoY
Net Debt
-$31M
Net Cash Position
Cash & Equiv.
$37M
5Y CAGR: +14.0%
5Y CAGR: -17.9%
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