HNRG Hallador Energy Company - Common Stock
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 10, 2026
$13.49
· of 52w range
· above low
· to high
$13.1952w low
$24.7052w high
Market Cap (MRQ)
$636M
P/E (TTM)
674.5
EPS (TTM)
$0.02
Revenue (TTM)
$452M
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52W Range
$13–$25
Analyst Rating
BUY
Price Target
$28
P/E
674.5
ROE
-0.58%
Net Profit Margin
-0.20%
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HNRG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$13.49
Market Cap (MRQ)
$636M
P/E (TTM)
674.5
EPS (TTM)
$0.02
Revenue (TTM)
$452M
ROE (TTM)
-0.58%
Debt/Equity (MRQ)
0.2
52W Range
$13–$25
HNRG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| June 4, 1996 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$469M2023-12-31 → 2025-12-31
EPS$0.962023-12-31 → 2025-12-31
Free Cash Flow$12M2023-12-31 → 2025-12-31
Net margin-0.20%2023-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | HNRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 674.5 | · | · | · | |
| P/S (TTM) | 1.4 | · | 2.3 | Undervalued | |
| P/B (MRQ) | 3.3 | · | 6.7 | Undervalued | |
| EV / EBITDA | 6.0 | · | · | · | |
| Price / FCF (TTM) | -12.6 | · | · | · | |
| Price / Cash Flow (TTM) | 22.7 | · | 11.8 | Fair value | |
| EV / Revenue | 1.3 | · | · | · | |
| EV / FCF | 51.2 | · | · | · | |
| Price / Tangible Book | 3.7 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | HNRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 3.7% | · | · | · | |
| EBITDA Margin (TTM) | 12.9% | · | 0.72% | Weak | |
| Pretax Margin (TTM) | -0.17% | · | -2.8% | Weak | |
| Net Profit Margin (TTM) | -0.20% | · | -2.4% | Weak | |
| ROA (TTM) | -0.21% | · | 1.8% | Top tier | |
| ROE (TTM) | -0.58% | · | 17.7% | Top tier | |
| ROIC | 30.9% | · | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | HNRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.2 | · | 0.1 | High debt | |
| Current Ratio (MRQ) | 0.7 | · | 0.8 | Low liquidity | |
| Quick Ratio | 0.2 | · | 0.4 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.2 | · | · | · | |
| Interest Coverage | 3.6 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | HNRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 16.2% | · | · | · | |
| Revenue CAGR 3Y | 9.0% | · | · | · | |
| Revenue CAGR 5Y | 14.0% | · | · | · | |
| EPS YoY | 127.3% | · | · | · | |
| Net Income YoY | 147.4% | · | · | · | |
| EPS CAGR 3Y | 20.4% | · | · | · | |
| Net Income CAGR 3Y | 32.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | HNRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.2 | · | 0.4 | Top tier | |
| Receivables Turnover | 31.9 | · | 18.6 | Top tier | |
| Revenue / Employee | ≈$741.7K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$0.16
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jan 30, 2020 | $0.04 | USD | ≈8.7% |
| Oct 30, 2019 | $0.04 | USD | ≈4.6% |
| Jul 30, 2019 | $0.04 | USD | ≈2.9% |
| Apr 29, 2019 | $0.04 | USD | ≈3.1% |
| Jan 30, 2019 | $0.04 | USD | ≈2.8% |
| Oct 30, 2018 | $0.04 | USD | ≈2.5% |
| Jul 30, 2018 | $0.04 | USD | ≈2.4% |
| Apr 27, 2018 | $0.04 | USD | ≈2.5% |
| Jan 30, 2018 | $0.04 | USD | ≈2.2% |
| Oct 30, 2017 | $0.04 | USD | ≈3.1% |
| Jul 27, 2017 | $0.04 | USD | ≈2.2% |
| Apr 26, 2017 | $0.04 | USD | ≈2.2% |
| Jan 27, 2017 | $0.04 | USD | ≈1.6% |
| Oct 27, 2016 | $0.04 | USD | ≈1.8% |
| Jul 27, 2016 | $0.04 | USD | ≈3.1% |
| Apr 27, 2016 | $0.04 | USD | ≈3.2% |
| Jan 27, 2016 | $0.04 | USD | ≈3.6% |
| Oct 28, 2015 | $0.04 | USD | ≈2.6% |
| Jul 29, 2015 | $0.04 | USD | ≈2.2% |
| Apr 28, 2015 | $0.04 | USD | ≈1.4% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
124.9%
Next Report
Nov 09, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 10, 2026 | $-0.32 | $-0.07 | -348.2% |
| March 31, 2026 | May 11, 2026 | $-0.20 | $-0.13 | -56.9% |
| Dec. 31, 2025 | $-0.01 | $-0.02 | 41.2% | |
| Sept. 30, 2025 | $0.55 | $0.08 | 619.0% | |
| June 30, 2025 | $0.23 | $-0.16 | 247.1% | |
| March 31, 2025 | $0.24 | $-0.16 | 247.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $469M | $404M | $635M | $362M | $248M | $244M | $323M | $294M | $272M | $281M | $340M | $241M | |
| Cost of Revenue | · | · | $473M | $267M | $199M | $186M | $248M | $215M | · | · | · | · | |
| SG&A Expense | $26M | $27M | $26M | $16M | $15M | $12M | $13M | $12M | $15M | $11M | $13M | $12M | |
| Operating Expenses | $408M | $623M | $570M | $30M | $-6M | $241M | $406M | $290M | $258M | $273M | $313M | $230M | |
| Operating Income | $61M | $-218M | $65M | $30M | $-6M | $3M | · | · | · | · | · | · | |
| Interest Expense | $17M | $14M | $14M | $11M | $8M | $13M | $16M | $16M | $12M | $15M | $16M | $9M | |
| Interest Income | $602.0K | $235.0K | · | · | · | · | · | · | · | · | · | · | |
| Other Non-op | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Pretax Income | $44M | $-236M | $49M | $20M | $-4M | $-9M | $-82M | $4M | $14M | $8M | $28M | $11M | |
| Income Tax | $2M | $-9M | $4M | $2M | $26.0K | $-3M | $-22M | $-4M | $-19M | $-4M | $7M | $482.0K | |
| Net Income | $42M | $-226M | $45M | $18M | $-4M | $-6M | $-60M | $8M | $33M | $13M | $20M | $10M | |
| EPS (Basic) | $0.98 | $-5.72 | $1.35 | $0.57 | $-0.12 | · | · | · | · | · | · | $0.34 | |
| EPS (Diluted) | $0.96 | $-5.72 | $1.25 | $0.55 | $-0.12 | · | · | · | · | · | · | $0.34 | |
| Shares (Basic) | 42,932,000 | 39,504,000 | 33,133,000 | 32,043,000 | 30,614,000 | · | · | · | · | · | · | 28,776,000 | |
| Shares (Diluted) | 43,432,000 | 39,504,000 | 36,827,000 | 33,649,000 | 30,614,000 | · | · | · | · | · | · | 28,776,000 | |
| EBITDA | $102M | $-153M | $132M | · | $34M | $40M | · | $44M | $38M | $36M | $44M | $29M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10M | $7M | $3M | $3M | $3M | $8M | $9M | $16M | $12M | $10M | $16M | $13M | |
| Short-term Investments | · | · | · | · | · | · | · | $2M | $2M | $2M | $1M | $2M | |
| Receivables | $14M | $15M | $20M | $30M | $14M | $14M | $26M | $18M | $17M | $22M | $17M | $27M | |
| Prepaid Expense | $6M | $1M | $2M | $5M | $2M | $3M | $2M | $11M | $5M | $10M | $1M | · | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | $1M | $2M | |
| Current Assets | $123M | $105M | $93M | $139M | $39M | $63M | $82M | $85M | $68M | $83M | $67M | $84M | |
| PP&E (Net) | $278M | $258M | $489M | $480M | $303M | $309M | $330M | · | · | · | · | · | |
| PP&E (Gross) | $646M | $606M | $824M | $790M | $571M | $562M | $550M | $365M | $361M | $340M | $348M | $322M | |
| Accum. Depreciation | $368M | $348M | $335M | $309M | $268M | $252M | $221M | $225M | $203M | $170M | $150M | $107M | |
| Other Non-current Assets | $4M | $4M | $6M | $8M | $8M | $8M | $10M | $14M | $15M | $14M | $11M | $19M | |
| Total Assets | $408M | $369M | $590M | $631M | $354M | $384M | $426M | $515M | $518M | $531M | $540M | $580M | |
| Accounts Payable | $13M | $44M | $63M | $83M | $42M | $31M | $32M | $26M | $21M | $20M | $26M | $28M | |
| Short-term Debt | · | · | · | · | $0 | $5M | $0 | · | · | · | · | · | |
| Current Liabilities | $153M | $153M | $158M | $240M | $65M | $71M | $65M | $52M | $54M | $49M | $51M | $50M | |
| Capital Leases | $534.0K | $565.0K | $654.0K | · | · | · | $800.0K | · | · | · | · | · | |
| Deferred Tax | $2M | · | $9M | $5M | $3M | $3M | $5M | $26M | $29M | $45M | $49M | $42M | |
| Other Non-current Liabilities | $2M | $2M | $2M | $1M | $2M | $3M | $4M | $8M | $7M | $2M | $2M | $2M | |
| Total Liabilities | $248M | $265M | $321M | $416M | $168M | $195M | $230M | $257M | $269M | $314M | $334M | $390M | |
| Long-term Debt | $30M | $41M | $88M | $83M | $108M | $132M | $174M | $188M | $202M | $239M | $249M | · | |
| Total Debt | $30M | $41M | $88M | · | $108M | $137M | · | $188M | $202M | $239M | $26M | $22M | |
| Common Stock | $438.0K | $426.0K | $341.0K | $330.0K | $308.0K | $306.0K | $304.0K | $302.0K | $299.0K | $294.0K | $292.0K | $289.0K | |
| Paid-in Capital | $203M | $189M | $128M | $119M | $104M | $103M | $102M | $101M | $98M | $94M | $92M | $90M | |
| Retained Earnings | $-44M | $-85M | $141M | $96M | $78M | $82M | $89M | $154M | $150M | $122M | $114M | $99M | |
| AOCI | · | · | · | · | · | · | · | · | $915.0K | $728.0K | $-88.0K | $365.0K | |
| Stockholders' Equity | $160M | $104M | $269M | $215M | $215M | $185M | $192M | $255M | $249M | $217M | $207M | $190M | |
| Liabilities + Equity | $408M | $369M | $590M | $631M | $354M | $384M | $426M | $515M | $518M | $531M | $540M | $580M | |
| Shares Outstanding | 43,817,000 | 42,621,000 | 34,052,000 | 32,983,000 | 30,785,000 | 30,610,000 | 30,420,000 | 30,245,000 | 29,955,000 | 29,413,000 | 29,251,000 | 28,962,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $41M | $66M | $67M | $47M | $40M | $40M | $49M | $44M | $38M | $36M | $44M | $29M | |
| Stock-based Comp | $4M | $4M | $4M | $1M | $1M | $1M | $2M | $3M | $7M | $3M | $3M | $3M | |
| Deferred Tax | $2M | $-9M | $5M | $2M | $26.0K | $-2M | $-22M | $-2M | $-16M | $-4M | $7M | $-2M | |
| Other Non-cash | $-7M | $231M | $-61M | · | $11M | $20M | · | $-1M | $-823.0K | $14M | $20M | $15M | |
| Operating Cash Flow | $81M | $66M | $59M | $54M | $48M | $53M | $38M | $52M | $66M | $61M | $95M | $56M | |
| CapEx | $69M | $53M | $75M | $54M | $28M | $21M | $36M | · | · | · | · | · | |
| Investing Cash Flow | $-67M | $-46M | $-75M | $-53M | $-28M | $-18M | $-30M | $-26M | $-22M | $-49M | $-31M | $-337M | |
| Stock Issued | $14M | $35M | $7M | $0 | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $14M | $35M | $7M | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | · | · | · | · | $0 | $1M | $5M | $5M | $5M | $5M | $5M | $5M | |
| Financing Cash Flow | $-11M | $-14M | $17M | $-207.0K | $-27M | $-36M | $-15M | $-22M | $-40M | $-18M | $-62M | $279M | |
| Net Change in Cash | $3M | $5M | $697.0K | $597.0K | $-6M | $-1M | $-7M | $4M | $4M | $-6M | $2M | $-3M | |
| Free Cash Flow | $12M | $13M | $-16M | · | $20M | $32M | · | · | · | · | · | · | |
| Levered FCF | $-4M | $-730.0K | $-28M | · | $12M | $23M | · | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.0% | -53.9% | 10.2% | · | -2.4% | · | · | · | · | · | · | · | |
| Net Margin | 8.9% | -55.9% | 7.1% | · | -1.5% | -2.5% | · | 2.6% | 12.2% | 4.4% | 5.9% | 4.2% | |
| Pretax Margin | 9.3% | -58.2% | 7.8% | · | -1.5% | -3.6% | · | 1.2% | 5.1% | 3.0% | 8.1% | 4.4% | |
| EBITDA Margin | 21.8% | -37.7% | 20.8% | · | 13.7% | 16.2% | · | 15.0% | 14.2% | 12.6% | 12.9% | 12.1% | |
| ROA | 10.8% | -47.7% | 7.6% | · | -1.0% | -1.5% | · | 1.5% | 6.3% | 2.3% | 3.6% | 2.4% | |
| ROE | 29.7% | -106.9% | 16.6% | · | -2.0% | -3.3% | · | 3.0% | 14.2% | 5.9% | 10.2% | 5.5% | |
| ROIC | 30.9% | -143.7% | 16.6% | · | -2.1% | · | · | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.7 | 0.6 | · | 0.6 | 0.9 | · | 1.6 | 1.3 | 1.7 | 1.3 | 1.7 | |
| Quick Ratio | 0.2 | 0.1 | 0.1 | · | 0.2 | 0.3 | · | 0.7 | 0.6 | 0.7 | 0.6 | 0.8 | |
| Debt / Equity | 0.2 | 0.4 | 0.3 | · | 0.6 | 0.7 | · | 0.7 | 0.8 | 1.1 | 0.1 | 0.1 | |
| LT Debt / Equity | 0.2 | 0.4 | 0.2 | · | 0.5 | 0.5 | · | 0.6 | 0.7 | 1.0 | · | · | |
| Interest Coverage | 3.6 | -15.8 | 4.7 | · | -0.8 | · | · | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | 0.9 | 1.1 | · | 0.7 | 0.6 | · | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | |
| Receivables Turnover | 31.9 | 29.6 | 25.5 | · | 17.7 | 12.3 | · | 16.7 | 13.9 | 14.4 | 15.5 | 12.7 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $3.65 | $2.45 | $7.89 | · | $5.92 | $6.05 | · | $8.43 | $8.32 | $7.37 | $7.07 | $6.56 | |
| Revenue / Share | $10.81 | $10.24 | $17.23 | · | · | · | · | · | · | · | · | $8.38 | |
| Cash Flow / Share | $1.87 | $1.67 | $1.61 | · | · | · | · | · | · | · | · | $1.94 | |
| Cash / Share | $0.23 | $0.17 | $0.08 | · | $0.08 | $0.26 | · | $0.51 | $0.42 | $0.33 | $0.54 | $0.47 | |
| EPS (TTM) | $0.96 | $-5.72 | $1.25 | $0.55 | $-0.12 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.34 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 16.2% | -36.3% | 75.4% | 46.2% | 1.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.0% | 17.7% | 37.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 14.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | 127.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 20.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | 147.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 32.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $469M | $404M | $635M | $362M | $248M | $244M | $323M | $294M | $272M | $281M | $340M | $241M | |
| Net Income TTM | $42M | $-226M | $45M | $18M | $-4M | $-6M | $-60M | $8M | $33M | $13M | $20M | $10M | |
| Market Cap | $834M | $488M | $301M | · | $76M | $45M | · | $153M | $182M | $267M | $133M | $319M | |
| Enterprise Value | $854M | $522M | $386M | · | $181M | $174M | · | $324M | $370M | $494M | $142M | $326M | |
| P/E | 19.8 | -2.0 | 7.1 | 18.2 | -20.5 | 7.7 | 15.6 | 26.7 | 32.1 | 47.8 | 24.0 | 32.4 | |
| P/S | 1.8 | 1.2 | 0.5 | · | 0.3 | 0.2 | · | 0.5 | 0.7 | 0.9 | 0.4 | 1.3 | |
| P/B | 5.2 | 4.7 | 1.1 | · | 0.4 | 0.2 | · | 0.6 | 0.7 | 1.2 | 0.6 | 1.7 | |
| P / Tangible Book | 5.2 | 4.7 | 1.1 | 1.5 | 0.4 | 0.2 | · | · | · | · | · | · | |
| P / Cash Flow | 10.3 | 7.4 | 5.1 | · | 1.6 | 0.9 | · | 3.0 | 3.0 | 4.4 | 1.4 | 5.7 | |
| P / FCF | 70.0 | 38.8 | -18.9 | · | 3.8 | 1.4 | · | · | · | · | · | · | |
| EV / EBITDA | 8.3 | -3.4 | 2.9 | · | 5.3 | 4.4 | · | 7.3 | 9.6 | 13.9 | 3.2 | 11.1 | |
| EV / FCF | 71.6 | 41.6 | -24.2 | · | 9.1 | 5.5 | · | · | · | · | · | · | |
| EV / Revenue | 1.8 | 1.3 | 0.6 | · | 0.7 | 0.7 | · | 1.1 | 1.4 | 1.8 | 0.4 | 1.4 | |
| Dividend Yield | · | · | · | · | 0.00% | 2.8% | · | 3.2% | 2.7% | 1.8% | 3.6% | 1.5% | |
| Earnings Yield | 5.0% | -50.0% | 14.1% | 5.5% | -4.9% | 12.9% | 6.4% | 3.8% | 3.1% | 2.1% | 4.2% | 3.1% | |
| Payout Ratio | · | · | · | · | 0.00% | -19.9% | · | 64.8% | 14.8% | 38.4% | 23.8% | 46.9% | |
| Annual Payout | · | · | · | · | $0 | $1M | $5M | $5M | $5M | $5M | $5M | $5M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102M | $102M | $102M | $147M | $103M | $118M | $94M | $105M | $94M | $112M | $120M | $166M | $161M | $188M | $152M | $85M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | $85M | · | $119M | $115M | $134M | $96M | $65M | |
| SG&A Expense | $8M | $7M | $7M | $5M | $8M | $7M | $6M | $6M | $8M | $6M | $8M | $6M | $6M | $7M | $6M | $4M | |
| Operating Expenses | $114M | $107M | $96M | $118M | $91M | $104M | $312M | $100M | $101M | $109M | $260M | $142M | $139M | $29M | $35M | $5M | |
| Operating Income | $-13M | $-6M | $6M | $29M | $12M | $14M | $-219M | $5M | $-7M | $3M | $-10M | $24M | $22M | $29M | $35M | $5M | |
| Interest Expense | $4M | $4M | $4M | $5M | $4M | $4M | $3M | $3M | $4M | $4M | $3M | $3M | $4M | $4M | $4M | $3M | |
| Interest Income | $279.0K | $147.0K | · | · | $64.0K | $63.0K | · | · | · | · | · | · | · | · | · | · | |
| Other Non-op | $325.0K | · | · | · | $-683.0K | · | · | · | · | · | · | · | · | · | · | · | |
| Pretax Income | $-16M | $-10M | $2M | $24M | $8M | $10M | $-222M | $2M | $-13M | $-2M | $-14M | $19M | $18M | $25M | $31M | $2M | |
| Income Tax | $-1M | $-504.0K | · | · | · | · | $-6M | $232.0K | $-3M | $-610.0K | $-3M | $3M | $2M | $3M | $916.0K | $596.0K | |
| Net Income | $-15M | $-9M | $-240.0K | $24M | $8M | $10M | $-216M | $2M | $-10M | $-2M | $-10M | $16M | $17M | $22M | $30M | $2M | |
| EPS (Basic) | $-0.32 | $-0.20 | $0.00 | $0.56 | $0.19 | $0.23 | $-5.44 | $0.04 | $-0.27 | $-0.05 | $-0.32 | $0.49 | $0.51 | $0.67 | $0.96 | $0.05 | |
| EPS (Diluted) | $-0.32 | $-0.20 | $-0.01 | $0.55 | $0.19 | $0.23 | $-5.44 | $0.04 | $-0.27 | $-0.05 | $-0.27 | $0.44 | $0.47 | $0.61 | $0.94 | $0.05 | |
| Shares (Basic) | 47,133,000 | 46,519,000 | · | 43,007,000 | 42,619,000 | 42,619,000 | · | 42,598,000 | 37,879,000 | 34,816,000 | · | 33,140,000 | 33,137,000 | 32,983,000 | · | 32,983,000 | |
| Shares (Diluted) | 47,133,000 | 46,519,000 | · | 43,434,000 | 43,048,000 | 43,462,000 | · | 43,018,000 | 37,879,000 | 34,816,000 | · | 36,848,000 | 36,708,000 | 36,740,000 | · | 33,268,000 | |
| EBITDA | $-3M | $5M | · | $38M | $17M | $29M | · | $19M | $6M | $18M | · | $40M | $39M | $47M | · | $17M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $29M | $37M | $10M | $13M | $9M | $7M | $7M | $4M | $6M | $2M | $3M | $3M | $2M | $2M | $3M | $7M | |
| Receivables | $14M | $9M | $14M | $25M | $19M | $13M | $15M | $12M | $19M | $14M | $20M | $21M | $21M | $33M | $30M | $17M | |
| Prepaid Expense | $2M | $2M | $6M | $4M | $2M | $2M | $1M | $6M | $2M | $3M | $2M | $4M | $3M | $3M | $5M | $2M | |
| Other Current Assets | · | $2M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $150M | $151M | $123M | $137M | $140M | $107M | $105M | $100M | $104M | $93M | $93M | $92M | $113M | $130M | $139M | $58M | |
| PP&E (Net) | $305M | $285M | $278M | $266M | $263M | $253M | $258M | $472M | $482M | $482M | $489M | $483M | $477M | $476M | $480M | $313M | |
| PP&E (Gross) | $690M | $661M | $646M | $637M | $626M | $613M | $606M | $832M | $831M | $831M | $824M | $842M | $820M | $802M | $790M | $611M | |
| Accum. Depreciation | $385M | $376M | $368M | $371M | $364M | $361M | $348M | $360M | $349M | $349M | $335M | $359M | $343M | $326M | $309M | $298M | |
| Other Non-current Assets | $8M | $8M | $4M | $4M | $4M | $4M | $4M | $6M | $7M | $7M | $6M | $7M | $7M | $7M | $8M | $8M | |
| Total Assets | $468M | $449M | $408M | $409M | $410M | $366M | $369M | $580M | $595M | $585M | $590M | $585M | $600M | $617M | $631M | $383M | |
| Accounts Payable | $32M | $20M | $42M | $44M | $52M | $46M | $44M | $43M | $46M | $47M | $63M | $77M | $71M | $84M | $83M | $52M | |
| Current Liabilities | $209M | $190M | $153M | $207M | $209M | $177M | $153M | $172M | $196M | $164M | $158M | $172M | $178M | $209M | $240M | $163M | |
| Capital Leases | · | · | $534.0K | · | · | · | $565.0K | $657.0K | $630.0K | $623.0K | $654.0K | · | · | · | · | · | |
| Deferred Tax | $165.0K | $1M | $2M | · | · | · | · | $6M | $6M | $9M | $9M | $12M | $9M | $8M | $5M | $4M | |
| Other Non-current Liabilities | $3M | $3M | $2M | $2M | $2M | $5M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $2M | |
| Total Liabilities | $278M | $243M | $248M | $263M | $287M | $251M | $265M | $261M | $279M | $302M | $321M | $313M | $345M | $379M | $416M | $199M | |
| Long-term Debt | $43M | · | $30M | $43M | $43M | $21M | $41M | $67M | $43M | $74M | $88M | $58M | $72M | $72M | $83M | $110M | |
| Total Debt | $43M | · | · | $43M | $43M | $21M | · | $67M | $43M | $74M | · | $58M | $72M | $72M | · | $110M | |
| Common Stock | $471.0K | $471.0K | $438.0K | $430.0K | $430.0K | $430.0K | $426.0K | $426.0K | $426.0K | $365.0K | $341.0K | $332.0K | $332.0K | $332.0K | $330.0K | $330.0K | |
| Paid-in Capital | $258M | $258M | $203M | $189M | $189M | $190M | $189M | $188M | $187M | $144M | $128M | $120M | $120M | $119M | $119M | $118M | |
| Retained Earnings | $-68M | $-53M | $-44M | $-43M | $-67M | $-75M | $-85M | $130M | $129M | $139M | $141M | $151M | $135M | $118M | $96M | $66M | |
| Stockholders' Equity | $190M | $206M | $160M | $146M | $122M | $115M | $104M | $319M | $316M | $284M | $269M | $272M | $255M | $237M | $215M | $184M | |
| Liabilities + Equity | $468M | $449M | $408M | $409M | $410M | $366M | $369M | $580M | $595M | $585M | $590M | $585M | $600M | $617M | $631M | $383M | |
| Shares Outstanding | 47,144,000 | 47,132,000 | 43,817,000 | 42,978,000 | 42,978,000 | 42,978,000 | 42,621,000 | 42,599,000 | 42,599,000 | 36,534,000 | 34,052,000 | 33,142,000 | 33,137,000 | · | 32,983,000 | 32,983,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $11M | $12M | $9M | $6M | $15M | $23M | $14M | $14M | $15M | $16M | $16M | $17M | $18M | $15M | $11M | |
| Stock-based Comp | $1M | $1M | $1M | $585.0K | $475.0K | $1M | $1M | $1M | $2M | $666.0K | $780.0K | $773.0K | $781.0K | $1M | $1M | $122.0K | |
| Deferred Tax | $-1M | $-504.0K | · | · | · | · | $-6M | $232.0K | $-3M | $-610.0K | $-3M | $3M | $2M | $3M | $916.0K | $596.0K | |
| Restructuring | · | · | · | · | · | · | · | $800.0K | $800.0K | $1M | · | · | · | · | · | · | |
| Other Non-cash | · | $19M | · | · | · | $12M | · | · | · | $3M | · | · | · | $-18M | · | · | |
| Operating Cash Flow | $-24M | $20M | $8M | $23M | $11M | $38M | $39M | $-13M | $24M | $16M | $-20M | $35M | $18M | $26M | $40M | $14M | |
| CapEx | $26M | $8M | $25M | $20M | $13M | $12M | $14M | $12M | $13M | $15M | $27M | $18M | $17M | $13M | $16M | $15M | |
| Investing Cash Flow | $-26M | $-7M | $-25M | $-17M | $-13M | $-12M | $-10M | $-11M | $-11M | $-15M | $-27M | $-18M | $-17M | $-13M | $-16M | $-15M | |
| Stock Issued | · | · | · | · | · | · | $0 | $0 | $28M | $7M | · | · | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $7M | · | · | · | · | · | · | |
| Financing Cash Flow | $42M | $15M | $-3M | $-3M | $18M | $-23M | $-26M | $22M | $-8M | $-2M | $47M | $-17M | $-1M | $-13M | $-29M | $-105.0K | |
| Net Change in Cash | $-8M | $28M | $-20M | $3M | $16M | $4M | $3M | $-1M | $4M | $-751.0K | $407.0K | $346.0K | $21.0K | $-77.0K | $-4M | $-2M | |
| Free Cash Flow | · | $13M | · | · | · | $27M | · | · | · | $1M | · | · | · | $13M | · | · | |
| Levered FCF | · | $9M | · | · | · | · | · | · | · | $-1M | · | · | · | $9M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -12.5% | -5.5% | · | 19.8% | 11.5% | 11.8% | · | 4.5% | -8.0% | 2.5% | · | 14.4% | 13.8% | 15.5% | · | 6.3% | |
| Net Margin | -15.0% | -9.2% | · | 16.3% | 8.0% | 8.5% | · | 1.5% | -11.2% | -1.6% | · | 9.7% | 10.5% | 11.7% | · | 1.9% | |
| Pretax Margin | -16.2% | -9.7% | · | 16.3% | 8.0% | 8.5% | · | 1.7% | -14.5% | -2.1% | · | 11.5% | 11.5% | 13.5% | · | 2.6% | |
| EBITDA Margin | -2.7% | 4.9% | · | 26.0% | 16.9% | 24.6% | · | 17.7% | 7.0% | 16.6% | · | 24.1% | 24.4% | 25.1% | · | 19.5% | |
| ROA | -3.5% | -2.3% | · | 4.8% | 1.6% | 2.1% | · | 0.27% | -1.7% | -0.28% | · | 3.3% | 3.5% | 4.5% | · | 0.43% | |
| ROE | -9.8% | -5.8% | · | 10.3% | 3.8% | 5.0% | · | 0.53% | -3.6% | -0.65% | · | 7.1% | 7.8% | 10.8% | · | 0.86% | |
| ROIC | -5.0% | -2.6% | · | · | · | · | · | 1.1% | -1.6% | 0.56% | · | 6.1% | 6.2% | 8.2% | · | 1.3% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.8 | · | 0.7 | 0.7 | 0.6 | · | 0.6 | 0.5 | 0.6 | · | 0.5 | 0.6 | 0.6 | · | 0.4 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.1 | |
| Debt / Equity | 0.2 | · | · | 0.3 | 0.4 | 0.2 | · | 0.2 | 0.1 | 0.3 | · | 0.2 | 0.3 | 0.3 | · | 0.6 | |
| LT Debt / Equity | 0.2 | · | · | · | 0.2 | 0.0 | · | 0.1 | 0.1 | 0.2 | · | 0.1 | 0.2 | 0.2 | · | 0.0 | |
| Interest Coverage | -3.4 | -1.4 | · | 5.9 | 3.1 | 3.7 | · | 1.8 | -2.0 | 0.7 | · | 7.9 | 6.3 | 7.5 | · | 1.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.4 | · | 0.2 | |
| Receivables Turnover | 6.1 | 9.4 | · | 8.0 | 5.4 | 8.8 | · | 6.4 | 4.5 | 4.6 | · | 8.9 | 8.4 | 7.8 | · | 5.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $4.04 | $4.36 | · | $3.40 | $2.84 | $2.68 | · | $7.48 | $7.42 | $7.77 | · | $8.20 | $7.69 | · | · | $5.58 | |
| Revenue / Share | $2.15 | $2.19 | · | $3.38 | $2.39 | $2.71 | · | $2.44 | $2.40 | $3.15 | · | $4.50 | $4.39 | $5.13 | · | $2.56 | |
| Cash Flow / Share | · | $0.44 | · | · | · | $0.88 | · | · | · | $0.47 | · | · | · | $0.71 | · | · | |
| Cash / Share | $0.61 | $0.78 | · | $0.29 | $0.21 | $0.16 | · | $0.09 | $0.15 | $0.04 | · | $0.08 | $0.07 | · | · | $0.21 | |
| EPS (TTM) | $0.02 | $0.53 | · | $-4.47 | $-4.98 | $-5.44 | · | $-0.55 | $-0.15 | $0.59 | · | $2.46 | $2.07 | $1.49 | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $452M | $453M | · | $461M | $419M | $410M | · | $430M | $491M | $558M | · | $667M | $587M | $491M | · | $275M | |
| Net Income TTM | $-912.0K | $23M | · | $-174M | $-196M | $-214M | · | $-21M | $-6M | $21M | · | $85M | $71M | $50M | · | $-20M | |
| Market Cap | $820M | $767M | · | $841M | $680M | $528M | · | $402M | $331M | $195M | · | $478M | $284M | · | · | $185M | |
| Enterprise Value | $834M | · | · | $871M | $714M | $542M | · | $465M | $367M | $267M | · | $533M | $354M | · | · | $289M | |
| P/E | 869.5 | 30.7 | · | -4.4 | -3.2 | -2.3 | · | -17.1 | -51.8 | 9.0 | · | 5.9 | 4.1 | 6.2 | · | · | |
| P/S | 1.8 | 1.7 | · | 1.8 | 1.6 | 1.3 | · | 0.9 | 0.7 | 0.3 | · | 0.7 | 0.5 | · | · | 0.7 | |
| P/B | 4.3 | 3.7 | · | 5.8 | 5.6 | 4.6 | · | 1.3 | 1.0 | 0.7 | · | 1.8 | 1.1 | · | · | 1.0 | |
| P / Tangible Book | 4.3 | 3.7 | · | 5.8 | 5.6 | 4.6 | · | 1.3 | 1.0 | 0.7 | · | 1.8 | 1.1 | · | · | 1.0 | |
| P / Cash Flow | · | 37.4 | · | · | · | 13.7 | · | · | · | 11.9 | · | · | · | · | · | · | |
| EV / Revenue | 1.8 | · | · | 1.9 | 1.7 | 1.3 | · | 1.1 | 0.7 | 0.5 | · | 0.8 | 0.6 | · | · | 1.0 | |
| Dividend Yield | 0.00% | 0.00% | · | 0.00% | 0.00% | 0.00% | · | 0.00% | 0.00% | 0.00% | · | 0.00% | 0.00% | · | · | 0.00% | |
| Earnings Yield | 0.12% | 3.3% | · | -22.8% | -31.5% | -44.3% | · | -5.8% | -1.9% | 11.1% | · | 17.1% | 24.1% | 16.2% | · | · | |
| Annual Payout | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Revenue | $469M | · | $404M | · | · |
| Operating Margin % | 13.0% | · | -53.9% | · | · |
| Net Income | $42M | · | $-226M | · | · |
| Diluted EPS | $0.96 | · | $-5.72 | · | · |
| Metric | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | · | 0.4 | · | · |
| Current Ratio | 0.8 | · | 0.7 | · | · |
| Quick Ratio | 0.2 | · | 0.1 | · | · |
| Metric | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $12M | · | $13M | · | · |
Institutional owners (13F) 196 filers · $729.3M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
196
Value held
$729.3M
New positions
31
Exited positions
36
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 31 (-27 vs prior Q) | 36 (+3 vs prior Q) | 63 (+4 vs prior Q) | 56 (+8 vs prior Q) | +2.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Lubar & Co., Inc | $94,810,610 | 5,452,019 | 13.00% | Shares |
| BlackRock, Inc. | $49,593,776 | 2,851,856 | 6.80% | Shares |
| VANGUARD GROUP INC | $44,182,472 | 2,320,508 | 6.06% | Shares |
| Point72 Asset Management, L.P. | $36,888,155 | 2,121,228 | 5.06% | Shares |
| AEGIS FINANCIAL CORP | $31,511,132 | 1,812,026 | 4.32% | Shares |
| Orbis Allan Gray Ltd | $29,490,744 | 1,695,845 | 4.04% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $26,633,655 | 1,531,550 | 3.65% | Shares |
| AMERICAN CENTURY COMPANIES INC | $26,400,420 | 1,518,138 | 3.62% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $18,149,823 | 1,043,820 | 2.49% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $17,053,818 | 980,431 | 2.34% | Shares |
| HIGHLAND PEAK CAPITAL, LLC | $16,472,138 | 947,219 | 2.26% | Shares |
| Dayah Capital LLC | $15,429,034 | 887,236 | 2.12% | Shares |
| STATE STREET CORP | $13,569,939 | 780,330 | 1.86% | Shares |
| DEUTSCHE BANK AG\ | $13,533,664 | 778,244 | 1.86% | Shares |
| MORGAN STANLEY | $13,198,710 | 758,982 | 1.81% | Shares |
| Tyro Capital Management LLC | $12,789,840 | 735,471 | 1.75% | Shares |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | $11,023,434 | 633,895 | 1.51% | Shares |
| FMR LLC | $10,716,897 | 616,268 | 1.47% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,642,830 | 497,000 | 1.19% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $8,444,010 | 485,567 | 1.16% | Shares |
| GOLDMAN SACHS GROUP INC | $8,317,237 | 478,277 | 1.14% | Shares |
| Dayah Capital LLC | $8,260,250 | 475,000 | 1.13% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,265,298 | 417,786 | 1.00% | Shares |
| Bank of New York Mellon Corp | $7,036,919 | 404,653 | 0.96% | Shares |
| D. E. Shaw & Co., Inc. | $6,670,578 | 383,587 | 0.91% | Shares |
| Walleye Trading LLC | $6,462,124 | 371,600 | 0.89% | Put option |
| TUDOR INVESTMENT CORP ET AL | $6,448,873 | 370,838 | 0.88% | Shares |
| CITADEL ADVISORS LLC | $6,168,233 | 354,700 | 0.85% | Put option |
| CenterBook Partners LP | $5,923,417 | 340,622 | 0.81% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,837,701 | 335,693 | 0.80% | Shares |
| NORTHERN TRUST CORP | $5,772,802 | 331,961 | 0.79% | Shares |
| Value Aligned Research Advisors, LLC | $5,577,999 | 320,759 | 0.76% | Shares |
| Nuveen, LLC | $4,972,341 | 285,931 | 0.68% | Shares |
| Centiva Capital, LP | $4,940,499 | 284,100 | 0.68% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $4,641,513 | 266,907 | 0.64% | Shares |
| Kestra Advisory Services, LLC | $4,610,559 | 265,127 | 0.63% | Shares |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | $4,585,326 | 263,676 | 0.63% | Shares |
| Hudson Bay Capital Management LP | $4,559,519 | 262,192 | 0.63% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $4,246,986 | 244,220 | 0.58% | Shares |
| WOLVERINE TRADING, LLC | $4,162,400 | 215,000 | 0.57% | Call option |
| UBS Group AG | $4,086,198 | 234,974 | 0.56% | Shares |
| LMR Partners LLP | $3,946,434 | 226,937 | 0.54% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,823,278 | 219,855 | 0.52% | Shares |
| Squarepoint Ops LLC | $3,756,223 | 215,999 | 0.52% | Shares |
| Caption Management, LLC | $3,664,073 | 210,700 | 0.50% | Put option |
| Centiva Capital, LP | $3,597,991 | 206,900 | 0.49% | Put option |
| Balyasny Asset Management L.P. | $3,513,510 | 202,042 | 0.48% | Shares |
| Apis Capital Advisors, LLC | $3,478,000 | 200,000 | 0.48% | Shares |
| Beartown Capital Management, LLC | $3,478,000 | 200,000 | 0.48% | Shares |
| JANE STREET GROUP, LLC | $3,217,150 | 185,000 | 0.44% | Call option |
Activists & 5%+ owners 14 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Hallador Alternative Assets Fund LLC, Hallador Investment Advisors, Inc., Hallador Management LLC, David C. Hardie, Kevin Leary ×14 filings | Feb. 27, 2026 | 3.67% | Amendment | · | SEC |
| Lubar Equity Fund, LLC, Lubar Opportunities Fund I, LLC, SM Opportunities Fund, LLC, David J. Lubar, Lubar & Co., Incorporated ×7 filings | Sept. 3, 2024 | · | Initial filing | · | SEC |
| NextG, LLC, Steven R. Hardie | June 21, 2022 | · | Initial filing | Passive investment | SEC |
| YORKTOWN ENERGY PARTNERS VIII, L.P. (2), YORKTOWN VIII COMPANY LP (2), YORKTOWN VIII ASSOCIATES LLC (2) ×2 filings | March 20, 2019 | · | Initial filing | · | SEC |
| YORKTOWN ENERGY PARTNERS VII, L.P. (2), YORKTOWN VII COMPANY LP (2), YORKTOWN VII ASSOCIATES LLC (2) ×6 filings | May 17, 2018 | · | Initial filing | · | SEC |
| YORKTOWN ENERGY PARTNERS VI, L.P. (2), YORKTOWN VI COMPANY LP (2), YORKTOWN VI ASSOCIATES LLC (2) ×5 filings | Aug. 15, 2013 | · | Initial filing | · | SEC |
| YORKTOWN ENERGY PARTNERS VI, L.P., YORKTOWN VI COMPANY LP, YORKTOWN VI ASSOCIATES LLC ×3 filings | Nov. 18, 2011 | · | Initial filing | · | SEC |
| YORKTOWN ENERGY PARTNERS VIII, L.P., YORKTOWN VIII COMPANY LP, YORKTOWN VIII ASSOCIATES LLC | Sept. 25, 2009 | · | Initial filing | Passive investment | SEC |
| YORKTOWN ENERGY PARTNERS VII, L.P., YORKTOWN VII COMPANY LP, YORKTOWN VII ASSOCIATES LLC | Aug. 28, 2008 | · | Initial filing | Passive investment | SEC |
| David C. Hardie, Steven Hardie | July 26, 2006 | · | Initial filing | · | SEC |
| YORKTOWN ENERGY PARTNERS II, L.P. | Dec. 30, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 31, 2003 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | April 10, 2002 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 10, 2002 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 29 insiders · 5 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brent K Bilsland | President and CEO | April 15, 2026 A | 1,146,495 | 0 | 0 | $0 |
| Todd E Telesz | Chief Financial Officer | June 23, 2026 M | 5,609 | 0 | 0 | $0 |
| Marjorie Anne Hargrave | Chief Financial Officer | March 31, 2025 M | 30,267 | 0 | 0 | $0 |
| Heath Aaron Lovell | Chief Operating Officer | April 15, 2026 A | 152,713 | 0 | 0 | $0 |
| Eric Matthew Van Deman | Chief Accounting Officer | March 10, 2026 A | · | 0 | 0 | $0 |
| Barbara Ann Sugg | Director | July 14, 2026 P | 5,000 | 2 | 0 | $85,650 |
| Daniel Timothy Hudson | Director | July 9, 2026 P | 20,000 | 6 | 0 | $338,845 |
| Charles Ray Wesley IV | Director | June 16, 2026 P | 338,469 | 3 | 0 | $857,590 |
| Zarrell Thomas Gray | Director | May 28, 2026 A | 76,480 | 0 | 0 | $0 |
| David J Lubar | Director | May 28, 2026 A | 2,851 | 0 | 0 | $0 |
| David C. Hardie | Director | Dec. 31, 2025 A | 23,016 | 0 | 0 | $0 |
| Bryan H. Lawrence | Director | Sept. 21, 2022 S | 0 | 0 | 0 | $0 |
| Steven Hardie | Director | June 9, 2022 C | 1,962,500 | 0 | 0 | $0 |
| Victor P Stabio | Director | Dec. 15, 2017 M | 357,000 | 0 | 0 | $0 |
| John Van Heuvelen | Director | Sept. 30, 2016 A | 107,252 | 0 | 0 | $0 |
| Sheldon B Lubar | Director | Sept. 15, 2009 P | 2,788,685 | 0 | 0 | $0 |
| Cortlandt S Dietler | Director | July 21, 2008 P | 121,129 | 0 | 0 | $0 |
| Yorktown VIII Associates LLC | 10% owner | Nov. 12, 2018 J | 1,950,000 | 0 | 0 | $0 |
| Yorktown Energy Partners VIII, L.P. | 10% owner | Nov. 12, 2018 J | 1,950,000 | 0 | 0 | $0 |
| Yorktown VII Associates LLC | 10% owner | Aug. 17, 2016 J | 2,900,000 | 0 | 0 | $0 |
| Yorktown Energy Partners VII, L.P. | 10% owner | Aug. 17, 2016 J | 2,900,000 | 0 | 0 | $0 |
| Hallador Alternative Assets Fund LLC | 10% owner | May 5, 2016 J | 1,758,212 | 0 | 0 | $0 |
| Yorktown VI Associates LLC | 10% owner | Aug. 13, 2013 J | 1,050,637 | 0 | 0 | $0 |
| Yorktown Energy Partners VI LP | 10% owner | Aug. 13, 2013 J | 1,050,637 | 0 | 0 | $0 |
| Yorktown VII CO LP | 10% owner | July 21, 2008 P | 5,700,090 | 0 | 0 | $0 |
| YORKTOWN ENERGY PARTNERS II LP | 10% owner | Dec. 20, 2005 S | 0 | 0 | 0 | $0 |
| Lawrence D Martin | · | April 30, 2024 M | 445,281 | 0 | 0 | $0 |
| Robert Todd Davis | · | Dec. 22, 2023 F | 13,194 | 0 | 0 | $0 |
| Anderson W Bishop | · | April 1, 2016 A | 278,204 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 25 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VAMO · Cambria ETF Trust | 0.70% | 53,247 NS | July 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 72,946 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.13% | 120,041 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.04% | 37,834 SH | Aug. 19, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.04% | 241,450 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.04% | 331,413 SH | Sept. 11, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 6,568 SH | Oct. 2, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 0.03% | 52,707 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 203,169 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 898,202 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 33,860 SH | Oct. 2, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 16,861 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 169,289 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 445,070 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.00% | 1,974 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 1,496 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 110,011 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 4,649 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 19,338 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 14,650 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 15,755 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 58,384 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 10,398 SH | Sept. 10, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,053,386 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,114 SH | Aug. 19, 2026 | Daily |
HNRG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$28.00
+107.6%
2 20.0%
Strong Buy
7 70.0%
Buy
1 10.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-03Mean target $28.33 +110.0%
← Below all targets
Current price $13.49
Low$28.00
Mean$28.33
High$29.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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Source: SEC 10-Q filed Aug 10, 2026