Heartland Express Q2 net income $10.6M vs loss $10.9M YoY; operating ratio improves to 91.0%

HEARTLAND EXPRESS INC

Q2 2026 operating revenue $184.1M (down from $210.4M YoY); net income $10.6M vs net loss $10.9M in Q2 2025.
Basic EPS $0.14 vs loss per share $0.14 YoY; operating ratio 91.0% (1,490bp improvement from 105.9%).
Non-GAAP adjusted operating ratio 88.3% in Q2 2026 vs 106.0% in Q2 2025.
Acquisition-related debt reduced from $494M in 2022 to $135M; Smith Transport debt fully retired in Q1 2026.
Cash $62.4M (up $43.9M since Dec 2025); repurchased 172,061 shares for $2.3M in Q2.

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