---
schema_version: "secwatch.filing_event.v1"
accession: "0000799233-23-000018"
form_type: "8-K"
ticker: "HTLD"
cik: "0000799233"
company_name: "HEARTLAND EXPRESS INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:14:22.944380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heartland Express Q1 net income $12.6M ($0.16 EPS) vs $16.8M ($0.21) YoY; revenue up 119%

## Summary
- Operating revenue $330.9M (+118.8% YoY) from acquisitions; fuel surcharge $49.6M vs $24.0M in prior year.
- Net income $12.6M ($0.16 basic EPS) vs $16.8M ($0.21) in Q1 2022; operating income $22.9M.
- GAAP operating ratio 93.1% vs 85.2% in Q1 2022; non-GAAP adjusted OR 91.4% vs 81.7%.
- Paid down $120M variable-rate debt from CFI acquisition and $9M from Smith; debt $366M, cash $55.5M.
- Expects volatile freight demand for at least next two quarters; CEO cites 'challenging freight environment'.

## SEC filing metadata
- accession: 0000799233-23-000018
- form_type: 8-K
- ticker: HTLD
- cik: 0000799233
- company_name: HEARTLAND EXPRESS INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799233/000079923323000018/0000799233-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799233/000079923323000018/htld-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799233-23-000018
- JSON: https://secwatch.observer/filing/0000799233-23-000018.json
- Plain text: https://secwatch.observer/filing/0000799233-23-000018.txt

## Key facts
- Earnings Releases
  HEARTLAND EXPRESS INC reported the quarter ended March 31, 2023 results: revenue $330.9 million, net income $12.6 million, EPS $0.16.
  - Period: the quarter ended March 31, 2023
  - Revenue: $330.9 million
  - Net income: $12.6 million
  - EPS: $0.16
  - Result: reported results
  source text: Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three months ended March 31, 2023. Three months ended March 31, 2023: • Net Income of $12.6 million and Basic Earnings per Share of $0.16, • Operating Revenue of $330.9 million, an increase of 118.8% over 2022, • Operating Income of $22.9 million, • Operating Ratio of 93.1% and 91.4% Non-GAAP Adjusted Operating Ratio (1) , • Total Assets of $1.6 billion, • Stockholders' Equity of $866.6 million (All-time record).
  evidence_url: https://www.sec.gov/Archives/edgar/data/799233/000079923323000018/0000799233-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.