HEARTLAND EXPRESS INC

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.

Heartland Express, Inc. announced a regular quarterly cash dividend of $0.02 per share. The dividend is scheduled for payment on July 6, 2026, to shareholders of record at the close of business on June 23, 2026. The company estimates a total payout of $1.6 million based on its approximately 78 million common shares. This declaration represents the company's 92nd consecutive quarterly cash dividend, bringing the total cash dividends paid to $564.5 million since the program's inception in the third quarter of 2003.

Heartland Express's Compensation Committee approved salary increases for three named executive officers, effective May 14, 2026. Christopher A. Strain, Kent D. Rigdon, and Joshua S. Helmich received raises. Additionally, effective May 15, 2026, each officer was granted 500 immediately vested restricted stock awards under the Company’s 2021 Restricted Stock Award Plan.

Heartland Express, Inc. announced that its Chief Financial Officer, Chris Strain, will participate in the Wolfe Research 19th Annual Global Transportation and Industrials Conference. The event is scheduled for Tuesday, May 19, 2026, in New York, New York. Mr. Strain will hold investor meetings and join a panel discussion from 2:05 p.m. to 2:55 p.m. ET.

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.

Heartland Express, Inc. reported a net loss of $4.8 million ($0.06 basic loss per share) for Q1 2026, an improvement from a $13.9 million loss in Q1 2025, despite operating revenue decreasing to $176.3 million. The company achieved significant operating ratio improvement to 101.9% and reduced acquisition-related debt to $149.9 million, fully eliminating Smith Transport's debt. Management noted operational improvements, successful integration of CFI, and anticipates meaningful improvements in freight demand and pricing later in 2026.

Heartland Express reported a net loss of $4.8 million for Q1 2026, a significant improvement from a $13.9 million loss in Q1 2025. Operating revenue decreased to $176.3 million from $219.4 million year-over-year. The company achieved a 490 basis point improvement in its operating ratio to 101.9% and reduced acquisition-related debt to $149.9 million. Management noted operational improvements and completed the consolidation of CFI's domestic operations, anticipating further market improvements later in 2026.

Heartland Express, Inc. announced that David P. Millis will retire as President of Millis Transfer, effective April 24, 2026. Mr. Millis will continue his role as a director of Heartland Express following his retirement. In connection with his retirement, he will receive $66,766 in compensation and insurance benefits, along with 4,866 shares of common stock. He will also be eligible for director compensation consistent with other non-employee directors.