earnings
confidence high
sentiment negative
materiality 0.75
Covenant Q1 GAAP EPS $0.17 vs $0.24 YoY; adj. EPS $0.26; revenue $307M up 14%
COVENANT LOGISTICS GROUP, INC.
2026-Q1 EPS reported
$0.17
revenue$307,161,000
- Total revenue $307.2M (+14% YoY); freight revenue $281.9M (+15.9%) vs prior year.
- Operating income $6.3M GAAP ($9.6M adj.) vs $7.6M ($10.9M adj.) in Q1 2025.
- Expedited freight revenue down 10.3%; Dedicated up 10.9%; Managed Freight up 59.6% from 2025 acquisition.
- Net indebtedness decreased $51M to $245.3M; leverage ratio 37.6% from 42.3% at Dec 2025.
- Management cites severe weather and fuel costs for miss; March momentum building; 2026 capex guided $40-50M.