Quarterly ResultAug 7, 2026, 03:36 PM
PAMT Q2 Net Loss Narrows to $7.45M; EPS $(0.36)
AI Summary
PAMT Corp reported a significant reduction in net loss for the second quarter and first half of 2026. For the six months ended June 30, 2026, net loss narrowed to $7.45 million from $17.77 million in the prior year, with basic EPS improving to $(0.36) from $(0.83). Total operating revenues remained relatively flat year-over-year at $306.53 million. The company experienced a shift in revenue mix, with Truckload Services revenue decreasing and Brokerage and Logistics Services revenue increasing. Cash flow from operations turned negative, while cash provided by investing activities increased significantly.
Key Highlights
- Net loss for the six months ended June 30, 2026, narrowed to $7.45 million from $17.77 million.
- Basic loss per share for the six months improved to $(0.36) from $(0.83) year-over-year.
- Total operating revenues for the six months were $306.53 million, a slight increase from $306.48 million.
- Net cash used in operating activities was $16.71 million, compared to $17.21 million provided in prior year.
- Net cash provided by investing activities increased to $47.35 million from $7.69 million.
- Truckload Services revenue for six months decreased to $164.33 million (63.3% of total).
- Brokerage and Logistics Services revenue for six months increased to $95.23 million (36.7% of total).
- Realized gain on marketable equity securities for six months was $8.42 million, up from a $(0.29) million loss.
Price Impact
More from PAMT