Hallador Energy Company, through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana. The company owns the Oaktown Fuels Mine 1 and Oaktown Fuels Mine 2 which is located near Oaktown in Knox County, Indiana; the Freelandville surface mine located near Freelandville in Knox County, Indiana; and the Prosperity surface mine in …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 98.4th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.25), raising questions about short-term obligations.
Weak or Negative Cash FlowCash generation is weak (score 0.35), limiting financial flexibility.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Hallador Energy Company ranks #140 of 267
scored companies in Energy by moat score — the top 52%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near HNRG in Energy
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 29
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 40
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 71
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 49
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 50
· 15% of the moat score
Scale matters only when it converts into economics.
Hallador Energy Company (HNRG) scores 48 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #140 of 267 scored companies in Energy, the top 52%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 280 companies in Energy. Its strongest defense is Capital Efficiency (71/100) and its weakest is Cost Advantage (29/100).
How does Hallador Energy Company compare with other Energy companies?
Hallador Energy Company ranks #140 of 267 scored companies in Energy by moat score. The widest moat in Energy is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Expro Group Holdings N.V. (XPRO) at 48 just above it and Tsakos Energy Navigation Ltd (TEN) at 48 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 280 companies in Energy. The defenses are then weighted to produce the overall score out of 100.
Why is Hallador Energy Company scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Hallador Energy Company?
The Corporate Default template measures 6 defenses, and HNRG scores: Pricing Power (45), Cost Advantage (29), Customer Stickiness (40), Capital Efficiency (71), Resilience (49), Scale & Market Position (50). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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