---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-24-000261"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:44:14.444242+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics Q2 EPS $0.88 GAAP, $1.04 adjusted; freight revenue up 5.3% YoY

## Summary
- Q2 total revenue $287.5M, freight revenue $256.5M (+5.3% YoY); net income $12.2M ($0.88 diluted EPS) vs $12.3M ($0.91) a year ago.
- Adjusted EPS $1.04; adjusted operating income $18.7M (+15.0% YoY); adjusted operating ratio improved to 92.7% from 93.3%.
- Combined truckload revenue up 8.7% to $201.5M; weighted average tractors increased 9.1% to 2,294; freight revenue per tractor per week $5,726.
- Managed Freight operating income improved 71.2% to $3.3M on 4.6% lower freight revenue; Warehousing operating income $2.0M vs $0.8M.
- Net indebtedness $273.3M (39.4% of capitalization); net capex guide $30-40M for H2 2024; TEL contributed $4.1M pre-tax (down from $5.4M).

## SEC filing metadata
- accession: 0001008886-24-000261
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888624000261/0001008886-24-000261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888624000261/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-24-000261
- JSON: https://secwatch.observer/filing/0001008886-24-000261.json
- Plain text: https://secwatch.observer/filing/0001008886-24-000261.txt

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