Quarterly ResultAug 7, 2026, 03:16 PM
Covenant Logistics Q2 Revenue $332.9M, Net Income $8.5M
AI Summary
Covenant Logistics Group reported Q2 2026 total revenue of $332.9 million, up from $302.9 million in Q2 2025. However, net income for the quarter decreased to $8.5 million ($0.32 diluted EPS) from $9.8 million ($0.36 diluted EPS) in the prior year. For the six months ended June 30, 2026, total revenue rose to $640.0 million, but net income fell to $13.0 million ($0.49 diluted EPS) compared to $16.4 million ($0.60 diluted EPS) in H1 2025. The company also made significant contingent consideration payments totaling $13.1 million in the first half of 2026.
Key Highlights
- Q2 2026 total revenue increased to $332.9 million from $302.9 million in Q2 2025.
- Q2 2026 net income decreased to $8.5 million from $9.8 million in Q2 2025.
- Q2 2026 diluted EPS was $0.32, down from $0.36 in Q2 2025.
- H1 2026 total revenue increased to $640.0 million from $572.2 million in H1 2025.
- H1 2026 net income decreased to $13.0 million from $16.4 million in H1 2025.
- H1 2026 net cash flows from operating activities were $18.1 million, down from $46.7 million in H1 2025.
- Contingent consideration payments totaled $13.1 million in the first six months of 2026.
- Expedited segment freight revenue for Q2 2026 was $73.7 million.
Price Impact
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