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Held by 180 of 5,944 reporting institutions (91th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $15.12 today, the market must believe free cash flow compounds 21.7%/yr for a decade (off $12M normalized FCF).
The market's 21.7% is more conservative than its 6-yr track record.
2-stage DCF · 0.04B shares · net debt $20M
mean -1972.4% · volatility σ 4957% · implied rate exceeded in 1/5 yrs
Central path = implied 21.7%/yr growth; shaded band = ±1σ (4957%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $683.4B | 24.4× | — | 2.1× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $537.9B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $387.4B | 31.6× | — | 2.0× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $200.4B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $165.1B | 20.8× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $154.8B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $129.6B | 32.1× | 11.1× | 1.0× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $127.7B | 54.6× | 24.1× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $114.8B | — | — | — | — | — | — | — | — | — | 1,220 |
| PSX | $110.9B | 25.3× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| EQNR | $110.2B | — | — | — | — | — | — | — | — | — | 398 |
| WMB | $88.0B | 33.7× | 17.8× | 7.4× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $85.1B | — | 12.7× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $78.3B | 15.8× | 7.6× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $76.4B | 21.8× | — | 2.1× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.8B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $70.8B | 23.2× | 14.3× | 4.2× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $62.7B | 34.4× | 16.5× | 3.7× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.3B | — | — | — | — | — | — | — | — | — | 248 |
| MPLX | $60.3B | — | — | 4.6× | 8.9% | — | 38.1% | — | — | — | 622 |
| LNG | $59.0B | 11.1× | 7.7× | 3.0× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| OKE | $58.9B | 17.2× | 12.4× | 1.8× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| OXY | $58.0B | 36.5× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| BKR | $56.8B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $54.8B | 33.6× | 11.0× | 3.6× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
| HNRG | $663M | 15.8× | 6.7× | 1.4× | 16.2% | — | 8.9% | 26.2% | 22.1% | 0.3× | 180 |
Peers = companies sharing HNRG's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-18
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $469.5M 100.0% | $404.2M 100.0% | $634.9M 100.0% | $362.0M 100.0% | $247.7M 100.0% | $244.2M 100.0% | $323.5M 100.0% | $293.6M 100.0% | $271.6M 100.0% | $281.4M 100.0% |
| Cost of Revenue | — | — | $473.4M 74.6% | $266.6M 73.7% | $198.8M 80.3% | $186.0M 76.1% | $247.9M 76.6% | $215.4M 73.4% | — | — |
| Selling, General & Admin | $26.2M 5.6% | $26.5M 6.6% | $26.2M 4.1% | $16.4M 4.5% | $14.8M 6.0% | $11.6M 4.7% | $12.8M 4.0% | $11.8M 4.0% | $15.0M 5.5% | $10.5M 3.7% |
| Total Operating Expenses | $408.4M 87.0% | $622.5M 154.0% | $65.0M 10.2% | $30.4M 8.4% | -$6.0M -2.4% | $241.1M 98.7% | $405.7M 125.4% | $290.0M 98.8% | $257.8M 94.9% | $273.0M 97.0% |
| Operating Income | $61.1M 13.0% | -$218.4M -54.0% | $65.0M 10.2% | $30.4M 8.4% | -$6.0M -2.4% | $3.1M 1.3% | — | — | — | — |
| Interest Expense | $16.9M 3.6% | $13.8M 3.4% | $13.7M 2.2% | $11.0M 3.0% | $8.0M 3.2% | $13.0M 5.3% | $16.0M 4.9% | $16.3M 5.5% | $12.4M 4.6% | $14.8M 5.3% |
| Interest & Investment Income | $602K 0.1% | $235K 0.1% | — | — | — | — | — | — | — | — |
| Pretax Income | $43.7M 9.3% | -$235.5M -58.3% | $49.3M 7.8% | $19.9M 5.5% | -$3.7M -1.5% | -$8.9M -3.6% | -$82.2M -25.4% | $3.5M 1.2% | $13.9M 5.1% | $8.5M 3.0% |
| Income Tax Expense | $1.8M 0.4% | -$9.4M -2.3% | $4.5M 0.7% | $1.8M 0.5% | $26K 0.0% | -$2.7M -1.1% | -$22.3M -6.9% | -$4.1M -1.4% | -$19.2M -7.1% | -$4.0M -1.4% |
| Net Income | $41.9M 8.9% | -$226.1M -56.0% | $44.8M 7.1% | $18.1M 5.0% | -$3.8M -1.5% | -$6.2M -2.5% | -$59.9M -18.5% | $7.6M 2.6% | $33.1M 12.2% | $12.5M 4.4% |
| Per Share | ||||||||||
| EPS (Basic) | $0.98 | $-5.72 | $1.35 | $0.57 | $-0.12 | — | — | — | — | — |
| EPS (Diluted) | $0.96 | $-5.72 | $1.25 | $0.55 | $-0.12 | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 42.9M | 39.5M | 33.1M | 32.0M | 30.6M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 43.4M | 39.5M | 36.8M | 33.6M | 30.6M | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $12M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 22%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $10M is below the $35M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2019-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~56.9% on $30M of debt.
Cash of $10M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-18
Where each multiple sits in its own 14-yr range · 77th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 73.4 | 76.6 | 76.1 | 80.3 | 73.7 | 74.6 | — | — |
| SG&A | 4.0 | 4.0 | 4.7 | 6.0 | 4.5 | 4.1 | 6.6 | 5.6 |
| Operating Income | — | — | 1.3 | -2.4 | 8.4 | 10.2 | -54.0 | 13.0 |
| Income Tax | -1.4 | -6.9 | -1.1 | 0.0 | 0.5 | 0.7 | -2.3 | 0.4 |
| Net Income | 2.6 | -18.5 | -2.5 | -1.5 | 5.0 | 7.1 | -56.0 | 8.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HNRG: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.