Monitor for updates on the DOE award negotiation outcome and any subsequent material financial impact. The company's explicit statement that no material 2026 benefit is expected limits near-term upside. Watch for future 8-Ks or press releases confirming the award.
Price Chart
Executive Summary
Hallador Energy announced that its subsidiary was selected by the DOE to begin award negotiations for up to $27.2 million in federal funding to modernize the Merom Generating Station. The total project cost is estimated at $56.9 million. The company stated it does not expect the funding to materially impact 2026 financial results and noted there is no guarantee the award will be finalized.
Key Facts
- Hallador subsidiary selected by DOE Hydrocarbons and Geothermal Energy Office for award negotiations for up to $27.2 million in federal funding.
- Total project cost estimated at approximately $56.9 million.
- Funding would modernize water management systems at the 1,080 MW Merom Generating Station.
- Company does not anticipate material benefit to 2026 financial results from the DOE funding.
- No guarantee that DOE funding will be awarded or received.
Financial Impact
Up to $27.2 million in potential federal funding, representing ~3% of market cap, but no material benefit expected in 2026 and award not guaranteed.
Risk Factors
- DOE funding may not be awarded or received despite selection for negotiations.
- Company explicitly states no material benefit expected in 2026.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000788965-26-000002 |
| Document: hnrg-20260604xex99d1.htm | 0000788965-26-000002 |
| Document: 0000788965-26-000002-index-headers.html | 0000788965-26-000002 |
| Document: 0000788965-26-000002-index.html | 0000788965-26-000002 |
| Document: 0000788965-26-000002.txt | 0000788965-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $14.50 | awaiting T+60 | — | $10.99 (−24.21%) |
Sep 17, 2026 5w ago | 8-K | $15.17 | awaiting T+60 | — | $10.99 (−27.55%) |
Aug 10, 2026 11w ago | 8-K | $15.64 | awaiting T+60 | — | $10.99 (−29.73%) |
Aug 10, 2026 11w ago | Press Release | $15.64 | awaiting T+60 | — | $10.99 (+29.73%) |
Jul 15, 2026 14w ago | Insider Cluster | $16.05 $13.92 | ▼ −13.27% | ▼ −16.98% | $10.99 (−31.53%) |
Jun 30, 2026 16w ago | Insider Buy | $16.79 $14.54 | ▼ −13.40% | ▼ −16.36% | $10.99 (−34.54%) |
Jun 26, 2026 17w ago | 8-K | $16.93 $15.07 | ▼ −10.99% | ▼ −15.37% | $10.99 (−35.09%) |
Jun 25, 2026 17w ago | Insider Buy | $18.15 $15.12 | ▼ −16.69% | ▼ −20.55% | $10.99 (−39.45%) |
Jun 11, 2026 19w ago | 8-K | $16.44 $16.90 | ▲ +2.80% | ▼ −0.47% | $10.99 (−33.15%) |
Jun 5, 2026 20w ago | 8-K | $16.92 | awaiting T+60 | — | $10.99 (−35.05%) |
US Market Status
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