earnings
confidence high
sentiment negative
materiality 0.80
Covenant Logistics Q2 2026 EPS $0.32, adjusted $0.42; revenue up but costs pressure margins
COVENANT LOGISTICS GROUP, INC.
- Net income $8.5M ($0.32 diluted EPS) vs $9.8M ($0.36) in Q2 2025; adjusted EPS $0.42 vs $0.45.
- Total revenue $332.9M (+9.9% YoY); freight revenue ex-fuel $294.7M (+6.6%).
- Combined Truckload freight revenue per tractor per week up 5.9% to $5,870; fleet size down 8.6% YoY.
- Maintenance and insurance claims ~$0.08/share above expectations; management expects normalization.
- Managed Freight revenue up 28.4% but operating ratio worsened to 98.3% from 94.2% due to capacity cost inflation.