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26 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

HNRG — Hallador Energy Company Dilution Risk Tracker

Track HNRG dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Hallador Energy Company (HNRG) has a DilutionWatch DilutionScore of 26/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Hallador Energy Company has a market capitalization of $686.41M, 47.14M shares outstanding, 187 institutional holders tracked. Stored dilution-related fields include ATM program capacity of $50.00M.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
27
💰Cash Runway—
📊 Float Risk
30
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 9%
💰 Capital Raise model 18%
• Active ATM program with $50M remaining capacity
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Market Data

Market Cap$686.41M
Shares Outstanding47.14M
Float36.08M
Cash$31.00M
Debt$42.93M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore26/100DilutionWatch score record
Shares Outstanding47.14MVerified float table or market cache
Public Float36.08MVerified float table or market cache
Market Cap$686.41MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM Capacity$50.00MSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 3 1, 4 3, 8-K 1, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 21.9% shares (2026Q1 vs prior)
187 institutional holders · 41.32M shares
#1 Lubar & Co., Inc 5.45M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 2.97M shares
#3 Dayah Capital LLC 2.53M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest4.04M
Days to Cover5.4
% of Float11.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-12
8-K 8K EVENT 2026-04-15
4 INSIDER TRANSACTION 2026-04-02
4 INSIDER TRANSACTION 2026-04-02
3 FORM3 2026-03-25
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual HNRG Dilution Snapshot

Hallador Energy Company (HNRG) has a DilutionScore of 26/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

HNRG's DilutionScore is currently 26/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 25/100 (Low risk).

Period Score Risk Level Duration
Sep 30 – Oct 13, 202626/100MEDIUM14 days
Jul 16 – Sep 29, 202625/100LOW75 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

HNRG shares outstanding have increased 0.2% from 47.02M (Mar 2026) to 47.13M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 09, 202647.13M36.08M▲ 0.23%
Apr 26, 202647.13M36.00M▲ 0.07%
Apr 18, 202647.13M35.98M▼ 0.23%
Mar 17, 202647.02M36.06M▲ 0.34%
Mar 14, 202647.02M35.94M▲ 7.32%
Mar 13, 202647.02M33.49M▼ 0.02%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note