Covenant Logistics Q2 FY26 EPS falls 11.11% to $0.32; revenue rises 9.9% to $332.87 million

Reuters2026/07/29 20:14

By:Reuters

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Covenant Logistics Group posted GAAP Q2 earnings of $0.32 per diluted share, down 11.1% from $0.36 a year earlier, on revenue up 9.9% to $332.87 million.
GAAP operating income fell 23.5% to $8.84 million, pushing the operating ratio up 1.1 percentage points to 97.3.
Non-GAAP adjusted diluted EPS slipped 6.7% to $0.42, while adjusted operating income declined 19% to $12.17 million.
Combined Truckload average freight revenue per tractor per week rose 5.9% to $5,870, while weighted average tractors dropped 8.6% to 2,199.
For Q3 2026, management expects a modest sequential increase in EPS as margins improve, partly offset by less TEL gains and tax benefits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Covenant Logistics Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607291605PRIMZONEFULLFEED9800342) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Covenant Logistics Q2 FY26 EPS falls 11.11% to $0.32; revenue rises 9.9% to $332.87 million

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