HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Empyrean Capital Partners, LP's Holding History (CIK: 0001317195)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 354,476 Value ($000) $6,937 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 471,168 Value ($000) $7,459 Avg Close $15.45 Range $9.25 - $19.71

Q1 2025

Shares 1,325,000 Value ($000) $16,271 Avg Close $11.23 Range $8.37 - $13.68

Q4 2024

Shares 1,325,000 Value ($000) $15,171 Avg Close $11.17 Range $8.13 - $14.00

Q3 2024

Shares 775,000 Value ($000) $7,308 Avg Close $7.11 Range $4.86 - $9.96

Q2 2024

Shares 500,000 Value ($000) $3,885 Avg Close $6.27 Range $4.33 - $9.60

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	354,476	$6,937	$17.18	$14.87 - $22.01
Q2 2025	471,168	$7,459	$15.45	$9.25 - $19.71
Q1 2025	1,325,000	$16,271	$11.23	$8.37 - $13.68
Q4 2024	1,325,000	$15,171	$11.17	$8.13 - $14.00
Q3 2024	775,000	$7,308	$7.11	$4.86 - $9.96
Q2 2024	500,000	$3,885	$6.27	$4.33 - $9.60