HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Cambria Investment Management, L.P.'s Holding History (CIK: 0001529389)

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

Q4 2025

Shares 30,618 Value ($000) $583 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 38,986 Value ($000) $763 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 31,192 Value ($000) $494 Avg Close $15.45 Range $9.25 - $19.71

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	30,618	$583	$20.26	$17.23 - $24.70
Q3 2025	38,986	$763	$17.18	$14.87 - $22.01
Q2 2025	31,192	$494	$15.45	$9.25 - $19.71