---
schema_version: "secwatch.filing_event.v1"
accession: "0000799233-23-000041"
form_type: "8-K"
ticker: "HTLD"
cik: "0000799233"
company_name: "HEARTLAND EXPRESS INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:13:35.666519+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Heartland Express Q3 net loss of $10.7M vs profit; revenue +7.7% to $295M

## Summary
- Net loss of $10.7M ($0.14 loss per share) vs net income of $24.4M ($0.31 EPS) in Q3 2022.
- Operating loss of $7.4M; operating ratio of 102.5% (non-GAAP adjusted 102.4%) vs 87.3% a year ago.
- CEO cites weak freight demand, strategic shift away from unprofitable customers, and integration headwinds from Smith/CFI acquisitions.
- Cash $20.1M; debt $343.9M; no borrowings under $100M credit line; $88M unused capacity after LCs.
- Regular dividend maintained at $0.02/share; paid Oct 5, 2023; net capex outlook $60-65M for 2023.

## SEC filing metadata
- accession: 0000799233-23-000041
- form_type: 8-K
- ticker: HTLD
- cik: 0000799233
- company_name: HEARTLAND EXPRESS INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799233/000079923323000041/0000799233-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799233/000079923323000041/htld-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799233-23-000041
- JSON: https://secwatch.observer/filing/0000799233-23-000041.json
- Plain text: https://secwatch.observer/filing/0000799233-23-000041.txt

## Key facts
- Earnings Releases
  HEARTLAND EXPRESS INC reported the quarter ended September 30, 2023 results: revenue $295.0 million, net income $10.7 million, EPS $0.14.
  - Period: the quarter ended September 30, 2023
  - Revenue: $295.0 million
  - Net income: $10.7 million
  - EPS: $0.14
  - Result: reported results
  source text: Inc. (Nasdaq: HTLD) announced today financial results for the three and nine months ended September 30, 2023. Three months ended September 30, 2023: • Operating Revenue of $295.0 million, an increase of 7.7% over 2022, • Net Loss of $10.7 million, • Basic Loss per Share of $0.14, • Operating Loss of $7.4 million, • Operating Ratio of 102.5% and 102.4% Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/799233/000079923323000041/0000799233-23-000041-index.htm

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