Hallador Energy (HNRG) Research & Development (2011 - 2026)
Hallador Energy's Research & Development was $287,000 in Q2 2026, up 192.9% from $98,000 a year earlier and up 241.7% from the prior quarter.
Powered by 
Analysis
Hallador Energy (HNRG) Research & Development (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hallador Energy's Research & Development was $468,000 through Jun 30, 2026, up 78.6% year-over-year; for FY2025, it was $216,000, down 16.9% from FY2024.
- Research & Development shows a five-year compound annual growth rate of -22.4% (FY2020 to FY2025).
- In earlier years, Research & Development was $260,000 in FY2024 (-71.2%), $904,000 in FY2023 (+38.9%), $651,000 in FY2022 (+35.1%) and $482,000 in FY2021 (-37.2%).
- The Q2 2026 figure marks the highest quarterly Research & Development since Q2 2023.
- Compared with a year earlier, Research & Development was higher in three of the last eight quarters, with growth averaging 42.3%.
- The best year-over-year quarter for Research & Development over five years was Q1 2026 (growth of 300.0%); the worst was Q2 2024 (a decline of 84.6%).
- Per Business Quant data, HNRG's Research & Development in the three quarters before Q2 2026 was $84,000 (Q1 2026), $59,000 (Q4 2025) and $38,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 46.48 Bn | 39.68 Bn | - | - |
| 2 | AXIA Energia | 30.09 Bn | 17.03 Bn | 2.59 Bn | - |
| 3 | Nrg Energy | 20.12 Bn | 14.34 Bn | 2.01 Bn | - |
| 4 | Talen Energy | 14.98 Bn | 12.56 Bn | - | - |
| 5 | Enlight Renewable Energy | 9.17 Bn | 6.10 Bn | 117.49 Mn | -4.69 Mn |
| 6 | Brookfield Renewable Partners | 7.57 Bn | 28.94 Bn | 927.00 Mn | - |
| 7 | Oklo | 6.85 Bn | 6.85 Bn | - | 39.47 Mn |
| 8 | Clearway Energy | 6.33 Bn | 8.89 Bn | - | - |
| 9 | Ormat Technologies | 5.63 Bn | 4.37 Bn | 68.70 Mn | 1.50 Mn |
| 10 | Hallador Energy | 653.89 Mn | 565.40 Mn | - | 287,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 287,000.00 |
| Mar 31, 2026 | 84,000.00 |
| Dec 31, 2025 | 59,000.00 |
| Sep 30, 2025 | 38,000.00 |
| Jun 30, 2025 | 98,000.00 |
| Mar 31, 2025 | 21,000.00 |
| Dec 31, 2024 | 81,000.00 |
| Sep 30, 2024 | 62,000.00 |
| Jun 30, 2024 | 47,000.00 |
| Mar 31, 2024 | 70,000.00 |
| Dec 31, 2023 | 222,000.00 |
| Sep 30, 2023 | 171,000.00 |
| Jun 30, 2023 | 305,000.00 |
| Mar 31, 2023 | 206,000.00 |
| Dec 31, 2022 | 258,000.00 |
| Sep 30, 2022 | 121,000.00 |
| Jun 30, 2022 | 215,000.00 |
| Mar 31, 2022 | 57,000.00 |
| Dec 31, 2021 | 169,000.00 |
| Sep 30, 2021 | 96,000.00 |
API Access
Hallador Energy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HNRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HNRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HNRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();