earnings
confidence high
sentiment positive
materiality 0.72
Heartland Express Q3 net income $1.0M vs $8.3M loss; operating ratio improves to 98.7%
HEARTLAND EXPRESS INC
- Q3 operating revenue $179.5M vs $196.5M a year earlier; fuel surcharge revenue $32.7M vs $24.1M.
- Q3 net income $1.0M ($0.01 EPS) vs $8.3M net loss ($0.11 loss); operating ratio 98.7% vs 103.7%, adjusted 97.6%.
- Nine-month net income $6.7M ($0.09 EPS) vs $33.0M loss; operating income $15.6M vs $34.6M loss; revenue $539.9M.
- Acquisition-related debt cut to $99.9M from $494.1M; paid $35M in Q3 and $59.9M YTD; repurchased 183,371 shares for $2.2M.
- CEO Mike Gerdin cites stronger freight volumes/pricing; expects contract gains in 2027; 2026 net capex $2-5M and $9-13M disposal gains.