---
schema_version: "secwatch.filing_event.v1"
accession: "0000799233-23-000032"
form_type: "8-K"
ticker: "HTLD"
cik: "0000799233"
company_name: "HEARTLAND EXPRESS INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:20:29.599587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Heartland Express Q2 revenue rises 63% to $306M, net income falls to $7.8M on weak freight demand

## Summary
- Q2 revenue $306.2M (+63% YoY); net income $7.8M vs $76.9M (incl $73.2M terminal gain); EPS $0.10 vs $0.97.
- Freight demand weak; legacy Heartland/Millis OR 87.7%, acquired CFI/Smith OR 99.8%; overall OR 94.7%.
- Debt repaid $146M since 2022 acquisitions; cash $46.3M; $88M revolver available; equity record $872.9M.
- Regular $0.02/share dividend declared; net capex guided $65-75M for 2023; expects $15-20M equipment gains.
- Management expects volatile demand next quarter, hopeful for Q4 holiday improvement.

## SEC filing metadata
- accession: 0000799233-23-000032
- form_type: 8-K
- ticker: HTLD
- cik: 0000799233
- company_name: HEARTLAND EXPRESS INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799233/000079923323000032/0000799233-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799233/000079923323000032/htld-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799233-23-000032
- JSON: https://secwatch.observer/filing/0000799233-23-000032.json
- Plain text: https://secwatch.observer/filing/0000799233-23-000032.txt

## Key facts
- Earnings Releases
  HEARTLAND EXPRESS INC reported three months ended June 30, 2023 results: revenue $306.2 million, net income $7.8 million, EPS $0.10.
  - Period: three months ended June 30, 2023
  - Revenue: $306.2 million
  - Net income: $7.8 million
  - EPS: $0.10
  - Result: reported results
  source text: Express, Inc. (Nasdaq: HTLD) announced today financial results for the three and six months ended June 30, 2023. Three months ended June 30, 2023: • Operating Revenue of $306.2 million, an increase of 63.0% over 2022, • Net Income of $7.8 million, • Basic Earnings per Share of $0.10, • Operating Income of $16.2 million, • Operating Ratio of 94.7% and 93.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/799233/000079923323000032/0000799233-23-000032-index.htm
- Earnings Releases
  HEARTLAND EXPRESS INC reported six months ended June 30, 2023 results: revenue $637.1 million, net income $20.4 million, EPS $0.26.
  - Period: six months ended June 30, 2023
  - Revenue: $637.1 million
  - Net income: $20.4 million
  - EPS: $0.26
  - Result: reported results
  source text: Adjusted Operating Ratio (1) , • Total Assets of $1.6 billion, • Stockholders' Equity of $872.9 million (All-time record). Six months ended June 30, 2023: • Operating Revenue of $637.1 million, an increase of 87.9% over 2022 , • Net Income of $20.4 million, • Basic Earnings per Share of $0.26, • Operating Income of $39.1 million, • Operating Ratio of 93.9% and 92.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/799233/000079923323000032/0000799233-23-000032-index.htm

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