Hallador Energy annual operating margin
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Hallador Energy Operating Margin Growth & History (HNRG)
Hallador Energy's operating margin was 13.01% for fiscal 2025.
View full Hallador Energy company overviewHallador Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.01% | +67.04 pp |
| 2024 | 2024-12-31 | −54.04% | −64.28 pp |
| 2023 | 2023-12-31 | 10.24% | +1.83 pp |
| 2022 | 2022-12-31 | 8.41% | +10.88 pp |
| 2021 | 2021-12-31 | −2.48% | −3.76 pp |
| 2020 | 2020-12-31 | 1.28% | +29.07 pp |
| 2019 | 2019-12-31 | −27.79% | −29.00 pp |
| 2018 | 2018-12-31 | 1.21% | −3.90 pp |
| 2017 | 2017-12-31 | 5.11% | +2.10 pp |
| 2016 | 2016-12-31 | 3.01% | −5.09 pp |
| 2015 | 2015-12-31 | 8.11% | +3.67 pp |
| 2014 | 2014-12-31 | 4.44% | −14.80 pp |
| 2013 | 2013-12-31 | 19.24% | −5.16 pp |
| 2012 | 2012-12-31 | 24.39% | −11.66 pp |
| 2011 | 2011-12-31 | 36.06% | +7.72 pp |
| 2010 | 2010-12-31 | 28.34% | — |
Hallador Energy quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −12.47% | −23.95 pp |
| Q1 2026 | 2026-03-31 | −5.55% | −17.34 pp |
| Q4 2025 | 2025-12-31 | 6.19% | +239.67 pp |
| Q3 2025 | 2025-09-30 | 19.79% | +15.31 pp |
| Q2 2025 | 2025-06-30 | 11.48% | +19.25 pp |
| Q1 2025 | 2025-03-31 | 11.79% | +9.34 pp |
| Q4 2024 | 2024-12-31 | −233.48% | — |
| Q3 2024 | 2024-09-30 | 4.48% | −9.88 pp |
| Q2 2024 | 2024-06-30 | −7.77% | −21.57 pp |
| Q1 2024 | 2024-03-31 | 2.45% | −13.07 pp |
| Q3 2023 | 2023-09-30 | 14.36% | +7.90 pp |
| Q2 2023 · Jun 30 | 2023-06-30 | 13.80% | +15.07 pp |
| Q1 2023 | 2023-03-31 | 15.52% | +30.74 pp |
| Q4 2022 | 2022-12-31 | 21.96% | +27.20 pp |
| Q3 2022 | 2022-09-30 | 6.46% | +8.17 pp |
| Q2 2022 | 2022-06-30 | −1.27% | −0.45 pp |
| Q1 2022 | 2022-03-31 | −15.22% | −13.34 pp |
| Q4 2021 | 2021-12-31 | −5.25% | −2.36 pp |
| Q3 2021 | 2021-09-30 | −1.71% | −7.75 pp |
| Q2 2021 | 2021-06-30 | −0.82% | −3.28 pp |
| Q1 2021 | 2021-03-31 | −1.88% | −1.60 pp |
| Q4 2020 | 2020-12-31 | −2.89% | +109.67 pp |
| Q3 2020 | 2020-09-30 | 6.04% | +14.98 pp |
| Q2 2020 | 2020-06-30 | 2.45% | +8.57 pp |
| Q1 2020 | 2020-03-31 | −0.29% | −8.08 pp |
| Q4 2019 | 2019-12-31 | −112.55% | −111.52 pp |
| Q3 2019 | 2019-09-30 | −8.94% | −11.86 pp |
| Q2 2019 | 2019-06-30 | −6.12% | −5.86 pp |
| Q1 2019 | 2019-03-31 | 7.80% | +4.36 pp |
| Q4 2018 | 2018-12-31 | −1.04% | −6.70 pp |
| Q3 2018 | 2018-09-30 | 2.92% | −6.77 pp |
| Q2 2018 | 2018-06-30 | −0.26% | −6.58 pp |
| Q1 2018 | 2018-03-31 | 3.44% | −14.11 pp |
| Q4 2017 | 2017-12-31 | 5.66% | −5.53 pp |
| Q3 2017 | 2017-09-30 | 9.68% | −2.00 pp |
| Q2 2017 | 2017-06-30 | 6.32% | −9.33 pp |
| Q1 2017 | 2017-03-31 | 17.55% | −0.23 pp |
| Q4 2016 | 2016-12-31 | 11.19% | +5.72 pp |
| Q3 2016 | 2016-09-30 | 11.69% | −1.71 pp |
| Q2 2016 | 2016-06-30 | 15.65% | +2.39 pp |
| Q1 2016 | 2016-03-31 | 17.78% | +0.99 pp |
| Q4 2015 | 2015-12-31 | 5.47% | −9.65 pp |
| Q3 2015 | 2015-09-30 | 13.40% | +8.08 pp |
| Q2 2015 | 2015-06-30 | 13.26% | +3.10 pp |
| Q1 2015 | 2015-03-31 | 16.79% | +2.35 pp |
| Q4 2014 | 2014-12-31 | 15.12% | +2.10 pp |
| Q3 2014 | 2014-09-30 | 5.32% | −11.93 pp |
| Q2 2014 | 2014-06-30 | 10.16% | −17.47 pp |
| Q1 2014 | 2014-03-31 | 14.45% | −3.93 pp |
| Q4 2013 | 2013-12-31 | 13.02% | −5.18 pp |
| Q3 2013 | 2013-09-30 | 17.25% | −7.72 pp |
| Q2 2013 | 2013-06-30 | 27.63% | +0.20 pp |
| Q1 2013 | 2013-03-31 | 18.38% | −8.63 pp |
| Q4 2012 | 2012-12-31 | 18.20% | — |
| Q3 2012 | 2012-09-30 | 24.98% | −18.75 pp |
| Q2 2012 | 2012-06-30 | 27.43% | −2.95 pp |
| Q1 2012 | 2012-03-31 | 27.01% | −8.83 pp |
| Q3 2011 · Sep 30 | 2011-09-30 | 43.73% | +14.04 pp |
| Q2 2011 | 2011-06-30 | 30.39% | +5.22 pp |
| Q1 2011 | 2011-03-31 | 35.84% | — |
| Q3 2010 | 2010-09-30 | 29.69% | — |
| Q2 2010 | 2010-06-30 | 25.17% | — |
Hallador Energy operating margin trends
Over the last five fiscal years, Hallador Energy's operating margin increased from 1.28% to 13.01%, a change of +11.73 percentage points. The latest reported quarter, Q2 2026, shows −12.47%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hallador Energy source filings ↗Community posts
Hallador secures $600 million loan for Turtle Creek power expansion
Hallador ($HNRG) Energy disclosed a $600 million financing package supporting its planned 460-megawatt Turtle Creek power project and refinancing existing debt. The package includes $550 million funded at closing and a $50 million delayed-d ...
