Quarterly ResultJul 30, 2026, 09:05 AM
Heartland Express Q2 Net Income $10.6M; Operating Ratio 91.0%
AI Summary
Heartland Express reported Q2 2026 net income of $10.6 million, a significant turnaround from a net loss in the prior year, with basic EPS of $0.14. The company achieved a 91.0% operating ratio, a 1,490 basis point improvement year-over-year, driven by stronger freight volumes, improved pricing, and reduced operating costs. Year-to-date, net income reached $5.8 million. The company also reduced acquisition-related debt by $15 million in Q2 and $25 million year-to-date, bringing total debt to $134.9 million.
Key Highlights
- Q2 2026 Net Income was $10.6 million, reversing a $(10.9) million net loss in Q2 2025.
- Q2 2026 Operating Ratio improved to 91.0% from 105.9% in Q2 2025.
- Basic Earnings per Share for Q2 2026 was $0.14, up from $(0.14) in Q2 2025.
- Operating Revenue for Q2 2026 was $184.1 million.
- Reduced acquisition-related debt by $15 million in Q2 2026, with total debt at $134.9 million.
- Repurchased 172,061 shares of common stock for $2.3 million in Q2 2026.
- Cash balances increased by $43.9 million since December 31, 2025, to $62.4 million.
- Declared a regular dividend of $0.02 per share in Q2 2026.
Price Impact
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