earnings
confidence high
sentiment negative
materiality 0.70
Heartland Express Q3 net loss $8.3M, revenue down 24% YoY; warns no market recovery until 2026
HEARTLAND EXPRESS INC
2025-Q3 EPS reported
-$0.42
revenue$626,354,000
- Q3 2025: revenue $196.5M (down 24% from $259.9M), net loss $8.3M ($0.11 diluted EPS) vs $9.3M loss a year ago.
- Nine-month 2025: revenue $626.4M, net loss $33.0M ($0.42 EPS) worsened from $27.9M loss in prior-year period.
- Debt reduced from $494M (2022) to $185M; no draws on $88.3M available line of credit as of Sept 30.
- CEO: freight demand still lags capacity; material market improvement not expected until 2026.
- CFI fleet not profitable; Heartland Express and Millis Transfer posted low-90s OR; all brands on common TMS.