Hallador Energy Co. (HNRG)

Hallador Energy Co. is a vertically integrated independent power producer and fuel company based in Terre Haute, Indiana. Its current business is centered on two core segments: coal operations and electric operations. Through Sunrise Coal, the company produces bituminous coal from underground and surface mines in Indiana to supply power generators and other industrial customers. Through Hallador Power, it operates the Merom Generating Station, providing electricity and capacity to utilities and other market participants within the Midcontinent Independent System Operator footprint. Hallador Energy Co. serves the wholesale energy market with products tied to both fuel supply and power generation, positioning it as a combined coal-and-power business in the U.S. energy sector.