Covenant Logistics Group Announces First Quarter 2026 Financial and Operating Results
Covenant Logistics reported Q1 2026 total revenue of $307.2 million, up 14% year-over-year, while GAAP diluted EPS dropped to $0.17 from $0.24 in the prior year. Management attributed the earnings shortfall to severe weather and fuel costs but noted improving freight volumes and rates in March with momentum carrying into Q2.
Key figures
- Eps
- 0.17
- Revenue
- $307.16 million
- Revenue Yoy
- 14.0%
- Adjusted eps
- 0.26
- Tel equity income
- $3.7 million
- Net indebtedness total
- $245.3 million
- Net indebtedness reduction
- $51.0 million
AI analysis
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