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.
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.
Hallador Energy Company reported a Q1 2026 net loss as it reshaped its balance sheet and contract portfolio. Total sales and operating revenues were $101.8 million, down from $117.7 million a year earlier, as electric sales declined while coal sales to third parties increased.
The company posted a net loss of $9.3 million, versus net income of $10.0 million in Q1 2025, with diluted earnings per share moving from $0.23 to a loss of $0.20. Electric Operations swung from strong profitability to a loss before income taxes of $5.0 million, driven by lower generation volumes, higher purchased power and maintenance tied to equipment issues at the Merom plant. Coal Operations narrowed their loss before taxes to $3.0 million, helped by higher realized coal prices and much lower depreciation after prior impairments.
Liquidity improved meaningfully: cash, cash equivalents and restricted cash rose to $43.4 million, and bank debt was reduced from $30.0 million to zero. Hallador closed a new $75.0 million revolving credit facility with an additional $45.0 million delayed draw term loan and completed an equity offering with net proceeds of about $53.8 million. As of March 31, 2026, total liquidity was $97.5 million and forward contracted consolidated revenue across power and third‑party coal totaled $859.6 million through 2029.
Hallador Energy Company created a new standing Risk Committee of its Board of Directors, effective May 1, 2026. Director Daniel Hudson was appointed as Chair of this committee.
As Chair, Mr. Hudson will receive an additional annual cash retainer of $25,000, on top of the standard $200,000 annual Board retainer for non-employee directors. The Risk Committee will help the Board oversee the company’s enterprise risk management framework, including strategic, operational, financial, market, and cybersecurity risks, and is intended to strengthen governance in support of long-term strategic objectives and potential financing activities.
Hallador Energy Company reported a weak first quarter but announced a major long-term contract. For Q1 2026, total sales and operating revenues were $101.8 million, down from $117.7 million in Q1 2025, and the company posted a net loss of $9.3 million versus prior-year net income of $10.0 million. Operating cash flow was $20.5 million, and Adjusted EBITDA was $5.5 million.
The company signed a new 12-year capacity-only agreement with a utility subsidiary covering planning years 2028–2040, priced at more than 2x historical capacity pricing and expected to generate over $1 billion of contracted revenue. Together with a previously announced three-year deal, capacity-only sales total about $1.1 billion, nearly doubling Hallador’s forward sales book. As of March 31, 2026, total contracted revenue across power and coal for 2026–2029 was about $1.24 billion, and bank debt, net was reduced to zero while cash and cash equivalents increased to $36.8 million.
BlackRock, Inc. filed an amendment to its Schedule 13G/A reporting 2,343,118 shares of Hallador Energy Co. common stock, representing 4.98% of the class. The filing lists 2,300,206 shares with sole voting power and 2,343,118 shares with sole dispositive power. The amendment is signed by a Managing Director on 04/27/2026.
Bilsland Brent K reported acquisition or exercise transactions in this Form 4 filing.
Hallador Energy President and CEO Brent K. Bilsland received an equity grant of 69,808 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Hallador Energy common stock under the 2nd Amended and Restated 2008 RSU Plan.
The RSUs vest in three equal installments on March 31, 2027, March 31, 2028, and March 31, 2029, subject to his continued service, and may vest earlier upon a Change in Control under the plan terms. Following this grant, he holds 174,886 RSUs, 1,146,495 shares of common stock directly, and 366,397 shares indirectly through the Alexa Bilsland Revocable Trust.