Quarterly ResultMay 11, 2026, 04:43 PM
Heartland Express Q1 Net Loss $(4.82)M, EPS $(0.06)
AI Summary
Heartland Express reported a net loss of $(4.82) million, or $(0.06) per diluted share, for the first quarter of 2026, a substantial improvement compared to a net loss of $(13.87) million, or $(0.18) per diluted share, in Q1 2025. Operating revenue for the quarter decreased to $176.26 million from $219.42 million year-over-year. The company fully paid off all remaining debt and finance lease obligations from the Smith Transport acquisition and saw an increase in cash and cash equivalents.
Key Highlights
- Net loss for Q1 2026 was $(4.82) million, a significant improvement from $(13.87) million in Q1 2025.
- Diluted loss per share improved to $(0.06) in Q1 2026 from $(0.18) in Q1 2025.
- Operating revenue decreased to $176.26 million in Q1 2026 from $219.42 million in Q1 2025.
- Cash and cash equivalents increased to $44.49 million at March 31, 2026, from $18.48 million at December 31, 2025.
- All remaining debt and finance lease obligations from the Smith Transport acquisition were paid off.
- Long-term debt and finance lease liabilities decreased to $149.89 million from $154.06 million.
- Net cash provided by operating activities was $23.15 million in Q1 2026.
- Dividends declared per share remained at $0.02 for Q1 2026.
Price Impact
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