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Heartland Express (HTLD) investor relations material
Heartland Express Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for Q1 2026 was $176.3 million, down from $219.4 million year-over-year.
Net loss improved to $4.8 million from $13.9 million in Q1 2025.
Operating ratio improved to 101.9% from 106.8% year-over-year; adjusted operating ratio at 101.3%.
Consolidation of CFI domestic operations completed, with successful driver retention and expanded freight options.
March 2026 saw improved freight volumes and driver utilization, offset by higher fuel prices.
Financial highlights
Operating revenue: $176.3 million (Q1 2026) vs. $219.4 million (Q1 2025).
Net loss: $4.8 million (Q1 2026) vs. $13.9 million (Q1 2025).
Basic loss per share: $0.06 (Q1 2026) vs. $0.18 (Q1 2025).
Operating ratio: 101.9% (Q1 2026) vs. 106.8% (Q1 2025); adjusted operating ratio: 101.3% vs. 107.1%.
Net cash flows from operations: $23.2 million, or 13.1% of operating revenue.
Outlook and guidance
Management expects meaningful improvements in freight demand and pricing to materialize later in 2026.
Net capital expenditures for 2026 expected to be $10–$20 million; gains on equipment disposals projected at $25–$35 million.
Continued focus on debt reduction, cost control, and operational efficiency.
- Director elections, auditor ratification, and compensation votes set for May 2026 meeting.HTLD
Proxy filing2 Apr 2026 - Annual meeting to vote on directors, auditor, executive pay, and stock plan amendment.HTLD
Proxy filing2 Apr 2026 - Net loss deepened in 2025 amid weak freight, but operational changes aim for 2026 recovery.HTLD
Q4 20259 Feb 2026 - Market optimism rises as service focus, fleet strategy, and risk controls drive recovery.HTLD
J.P. Morgan Industrials Conference 202526 Dec 2025 - Shelf registration allows flexible offerings up to $150M amid industry and operational risks.HTLD
Registration Filing16 Dec 2025 - Proxy covers director elections, auditor ratification, pay, governance, and ESG priorities.HTLD
Proxy Filing2 Dec 2025 - Annual meeting to elect directors, ratify auditor, and vote on executive pay May 8, 2025.HTLD
Proxy Filing2 Dec 2025 - Revenue and profit declined amid weak freight demand, with no near-term recovery expected.HTLD
Q3 202510 Nov 2025 - Revenue and profitability declined as weak freight demand and cost inflation persisted.HTLD
Q2 20258 Aug 2025
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