Welcome to our dedicated page for Hallador Energy Company SEC filings (Ticker: HNRG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hallador Energy Company filings document the formal disclosures of an operating energy company with electric operations and coal operations in Indiana. The record includes 8-K reports on operating and financial results, material definitive agreements, senior secured credit facilities, and capital-structure terms such as revolving credit, delayed draw term loans, letters of credit, security interests, maturity, and leverage-based interest pricing.
Hallador’s filings also cover proxy governance, executive compensation plans, board appointments, director compensation, shareholder voting matters, and enterprise risk oversight through a board risk committee. Additional disclosures address mine-safety reporting for the Sunrise Coal subsidiary and Oaktown operations, along with risk, compliance, market, financial, operational, and cybersecurity oversight matters.
Hallador Energy Company appointed Matthew Bradford White as Chief Legal Officer effective June 8, 2026. He brings extensive legal and energy-industry experience from senior roles at TransMontaigne Partners, Oracle America, and prior law-firm and corporate positions, and holds law, MBA, and engineering degrees.
Under the amended 2026 Executive Officer Incentive Plan, Mr. White will receive a $500,000 annual base salary, a prorated 2026 target bonus of $175,000 with a maximum of $350,000, and a one-time $200,000 RSU grant vesting over three years. He will also receive a $100,000 RSU signing bonus that vests immediately, subject to return if he leaves within one year under specified conditions, plus a defined retention bonus and benefits upon a Change of Control. The company will enter into standard severance and indemnity agreements with him.
Hallador Energy Company reports that its subsidiary, Hallador Power Company, LLC, was selected by the U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office to begin award negotiations for up to $27.2 million in potential federal funding. The money would help modernize the Merom Generating Station in Indiana, in a project with an estimated total cost of about $56.9 million.
The planned work focuses on upgrading Merom’s water management systems to prepare for future Effluent Limitation Guidelines and support reliable, flexible power delivery within MISO zone 6. Hallador states it does not expect any DOE funding to provide a material benefit to its 2026 financial results and notes there is no guarantee that funding will ultimately be awarded or received.
Hallador Energy Company reported that its subsidiary Sunrise Coal received an imminent danger order from the Mine Safety and Health Administration under Section 107(a) of the Mine Act at the Oaktown Fuels Mine No. 1 in Indiana. The order followed an MSHA allegation that an employee of an independent trucking company was seen on an elevated truck bed without fall protection. The employee was ordered to climb down immediately, no injuries occurred, no Sunrise Coal employees were affected, and mine production was not interrupted. Sunrise Coal disputes the order, stating the condition arose solely from an independent contractor’s actions, and it reserves the right to contest the order and any related citation or proposed assessment.
Hallador Energy Company entered into an Asset Purchase Agreement with Energy World Corporation to buy approximately 460 MW of Siemens gas turbines, generators, a steam turbine, and related equipment for $350 million. Hallador expects to spend an additional $100 million on transportation, refurbishment, insurance, and logistics, bringing the delivered equipment cost to $450 million, which represents more than half of the estimated total cost of its proposed Merom simple-cycle natural gas project.
The turbines have never been fired and are priced at about $760/kW. The project is advancing through MISO’s Expedited Resource Addition Study process, with potential revenue and cash flow from the facility targeted between late 2028 and mid-2029 if it proceeds. As of March 31, 2026, Hallador reported no outstanding bank debt, a $120 million credit facility, a 12-year capacity agreement valued at over $1 billion, and a contracted sales book of more than $2.1 billion, which the company cites as supporting its ability to finance the project.
HALLADOR ENERGY CO director David J. Lubar received 6,316 Restricted Stock Units (RSUs) as equity compensation for his annual service on the board. Each RSU represents a contingent right to receive one share of Hallador Energy common stock under the Second Amended and Restated 2008 Restricted Stock Unit Plan.
The 6,316 RSUs will fully vest on May 27, 2027, subject to Lubar’s continued service and the plan’s terms. The filing also shows 2,851 common shares held directly and indirect interests in shares held by Lubar Equity Fund LLC, Lubar Opportunity Fund I and SM Opportunity Fund, where Lubar & Co. exercises voting and dispositive power and Lubar disclaims beneficial ownership beyond his pecuniary interest.
Wesley Charles Ray IV reported acquisition or exercise transactions in this Form 4 filing.
Hallador Energy director Wesley Charles Ray IV reported an equity award and updated share holdings. He received 6,047 Restricted Stock Units as his total annual equity compensation for serving on the board. Each unit represents a contingent right to receive one share of Hallador Energy common stock.
The RSUs will fully vest on May 27, 2027, if he continues serving under the company’s Second Amended and Restated 2008 Restricted Stock Unit Plan and Award Agreement. After these updates, he holds 93,862 common shares directly and 323,469 common shares indirectly through the Charles R. Wesley IV Revocable Trust, over which he may be deemed to have voting and dispositive power.
Gray Zarrell Thomas reported acquisition or exercise transactions in this Form 4 filing.
Hallador Energy director Zarrell Thomas Gray reported a new equity award rather than an open-market trade. He received 6,047 Restricted Stock Units (RSUs), each representing a contingent right to one share of Hallador Energy common stock, granted at a price of $0.00 per unit.
The RSUs are scheduled to fully vest on May 27, 2027, subject to his continued service and the terms of the Second Amended and Restated 2008 Restricted Stock Unit Plan and related award agreement. After this filing, he holds 76,480 shares of common stock directly and 6,047 RSUs, highlighting that this is a compensation-related grant instead of a purchase or sale in the market.
Sugg Barbara Ann reported acquisition or exercise transactions in this Form 4 filing.
Hallador Energy director Barbara Ann Sugg received an award of 5,375 Restricted Stock Units on May 28, 2026. Each unit represents a contingent right to receive one share of Hallador Energy common stock at no cash cost, as part of the company’s Second Amended and Restated 2008 Restricted Stock Unit Plan.
The 5,375 units will fully vest on May 27, 2027, provided she continues in service through that date and meets the plan’s conditions. After this grant, she holds 5,375 RSUs directly, and there were no open-market purchases or sales reported in this filing.
Hudson Daniel Timothy reported acquisition or exercise transactions in this Form 4 filing.
Hallador Energy director Daniel Timothy Hudson reported a compensation grant of 4,927 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Hallador Energy common stock. The units are scheduled to fully vest on May 27, 2027, subject to his continued service under the company’s Second Amended and Restated 2008 Restricted Stock Unit Plan and related award agreement. Following this award, he holds 4,927 RSUs directly.
Hallador Energy Company reported results of its 2026 Annual Meeting of Shareholders held in Lone Tree, Colorado. A total of 37,538,341 shares were present in person or by proxy, representing 79.64% of outstanding shares eligible to vote.
Shareholders elected seven directors, including Brent K. Bilsland, Daniel Hudson, David J. Lubar, Barbara Ann Sugg and others, to serve until the 2027 Annual Meeting. They also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
In addition, shareholders ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, confirming the company’s external auditor for the upcoming year.