Delivered Energy was the largest of Hallador Energy Co’s 2 reported lines in fiscal 2025, at $252.64M — 63% of $401.30M.
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Coal Sales | $289.38M | $290.96M | $72.37M | $148.66M | ||||
| Delivered Energy | — | $211.77M | $203.43M | $252.64M | ||||
| Electric Sales | $66.25M | — | — | — | ||||
| Accredited Energy Capacity | — | — | $58.09M | — | ||||
| Energy Capacity | — | $56.16M | — | — | ||||
| Capacity Payments | $12.30M | — | — | — | ||||
| Other Revenue | — | — | — | — | ||||
| Total | $367.93M | $558.89M | $333.90M | $401.30M |
In fiscal 2025, which ended December 31, 2025, the 2 segments Hallador Energy Co reported in this breakdown added up to $401.30M. The segments reported changed from fiscal 2024, so the total is not directly comparable with the $333.90M reported that year. Delivered Energy was the largest segment, at $252.64M or 63.0% of the total, followed by Coal Sales ($148.66M, 37.0%).
Compared with fiscal 2024, Coal Sales grew the fastest, rising 105.4% to $148.66M. Because segments were added or dropped between the two years, part of this reflects how Hallador Energy Co regrouped its reporting.
Delivered Energy was first reported as a separate segment in fiscal 2023. The table also keeps 5 segments that Hallador Energy Co no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers 8 fiscal years between 2017 and 2025, as reported in Hallador Energy Co's annual filings.
Operating Segments was the largest of Hallador Energy Co’s 2 reported lines in fiscal 2025, at $252.64M — 140% of $180.29M.
| Related and Nonrelated Parties | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Operating Segments | $361.93M | $203.43M | $252.64M |
| Corporate & Other Eliminations | — | -$65.08M | -$72.35M |
| Eliminations & Reconciling Items | -$70.96M | — | — |
| Total | $290.96M | $138.36M | $180.29M |
In fiscal 2025, which ended December 31, 2025, the 2 revenue lines Hallador Energy Co reported in this breakdown added up to $180.29M. That is less than the $401.30M in its breakdown by segment, so these revenue lines do not account for all of its revenue that year. Operating Segments was the largest revenue line, at $252.64M or 140.1% of the total.
Corporate & Other Eliminations was first reported as a separate revenue line in fiscal 2024. Figures are shown as reported, so the total is net of Corporate & Other Eliminations, which was -$72.35M in fiscal 2025. The table also keeps 1 revenue line that Hallador Energy Co no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2023 to 2025, as reported in Hallador Energy Co's annual filings.
Electric Operations was the largest of Hallador Energy Co’s 2 reported lines in fiscal 2024, at $123.50M — 68% of $182.55M.
| Statement Business Segments | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Coal Operations | $246.40M | $293.34M | $361.93M | $59.05M |
| Electric Operations | — | $66.32M | $56.16M | $123.50M |
| Corporate & Other | $1.27M | $2.33M | — | — |
| Total | $247.67M | $361.99M | $418.08M | $182.55M |
In fiscal 2024, which ended December 31, 2024, the 2 segments Hallador Energy Co reported in this breakdown added up to $182.55M. That was down 56.3% from $418.08M in fiscal 2023. Electric Operations was the largest segment, at $123.50M or 67.7% of the total, followed by Coal Operations ($59.05M, 32.3%).
Compared with fiscal 2023, Electric Operations grew the fastest, rising 119.9% to $123.50M. Coal Operations fell the most, down 83.7% to $59.05M.
Electric Operations was first reported as a separate segment in fiscal 2022. The table also keeps 1 segment that Hallador Energy Co no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2021 to 2024, as reported in Hallador Energy Co's annual filings.
Hallador Energy Co (HNRG) breaks its revenue down by segment and revenue line. In fiscal 2025, its largest segment was Delivered Energy, with $252.64M or 63.0% of the total, followed by Coal Sales at $148.66M (37.0%).
Delivered Energy was Hallador Energy Co's largest segment in fiscal 2025, with $252.64M in revenue, 63.0% of the $401.30M reported across its 2 segments.
Operating Segments was Hallador Energy Co's largest revenue line in fiscal 2025, with $252.64M in revenue, 140.1% of the $180.29M reported across its 2 revenue lines.
Of the Hallador Energy Co segments reported in both fiscal 2023 and fiscal 2024, and making up at least 2% of the total, Electric Operations grew the fastest, rising 119.9% from $56.16M to $123.50M.
Every figure is taken from Hallador Energy Co's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2017 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.