Hallador Energy Company Plans $50M Public Offering of Common Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Hallador Energy Company announced that it intends to offer and sell $50M of shares of its common stock in an underwritten public offering. All of the shares to be sold in the offering will be offered by Hallador. Hallador intends to use the net proceeds from the offering for general corporate purposes, which may include funding certain initial financial commitments to reserve equipment necessary to support Hallador's planned additional natural gas generating facility. Texas Capital Securities is acting as sole bookrunner for the offering. Northland Capital Markets is acting as co-manager for the offering.
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Analyst Views on HNRG
Wall Street analysts forecast HNRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HNRG is 28.50 USD with a low forecast of 28.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 18.210
Low
28.00
Averages
28.50
High
29.00
Current: 18.210
Low
28.00
Averages
28.50
High
29.00
About HNRG
Hallador Energy Company is an energy company operating in the state of Indiana. The Company's segments include Coal Operations (operated by Sunrise Coal, LLC) and Electric Operations (operated by Hallador Power Company, LLC). The Coal Operations segment includes the operating mining complexes Oaktown 1 and 2 underground mines, Prosperity surface mine, Freelandville surface mine, and Carlisle wash plant. The Electric Operations segment includes the electric power generation facilities of the Merom Power Plant. The Oaktown Mining Complex is a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois. The Oaktown Mining Complex operations consist of two active underground mines, Oaktown Fuels No. 1 Mine and Oaktown Fuels No. 2 Mine, and related infrastructure. The Company holds other recoverable coal reserves in the Illinois Basin (ILB). Its subsidiaries include Sunrise Energy, LLC, Sycamore Coal, Inc., and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Hallador Energy (HNRG) Prices $50M Public Offering at $18.00 per Share
- Offering Pricing: Hallador Energy announced the pricing of its public offering at $18.00 per share for approximately $50M, issuing 2,777,778 shares, despite a pre-market decline of 7.95% to $18.98, indicating market caution regarding the financing.
- Underwriter Option: The company granted underwriters a 30-day option to purchase up to an additional 416,666 shares, enhancing liquidity and investor participation in the stock.
- Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, which may include funding certain initial financial commitments, reflecting the company's strategic intent for expansion and investment.
- Expected Closing Date: The public offering is expected to close on or about January 15, 2026, indicating the company's anticipation of future market conditions and the urgency of its funding needs.
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