COVENANT LOGISTICS GROUP, INC. (CVLG) Form 8-K — Oct 29, 2026
Covenant Logistics Group (NYSE: CVLG) reported Q3 2026 total revenue of $353.9 million, up 19.2% year over year, with net income of $10.7 million and diluted EPS of $0.40, or $0.50 adjusted. This marked the first quarter since Q2 2022 that adjusted EPS increased both sequentially and year over year, driven by customer rate increases, easing spot rates, strong Managed Freight growth (+68.4% freight revenue YoY), and a $5.7 million pre-tax contribution from the Transport Enterprise Leasing joint venture.
Key figures
- Eps
- 0.4
- Revenue
- 353894000
- Guidance
- Expects a modest sequential increase in EPS in Q4 2026, with anticipated operating margin improvement from asset-based operations partially offset by lower TEL equity income; net capital expenditures for balance of 2026 of $35.0-$40.0 million.
- Net Income
- 10704000
- Revenue Yoy
- 19.2%
- Total Assets
- 1023637000
- Cash Position
- 5100000
- Adjusted eps
- 0.5
- Operating ratio
- 96.5%
- Net indebtedness
- 283927000
- Operating income
- 12494000
- Tel pretax income
- 5700000
- Adjusted net income
- 13197000
- Freight revenue yoy
- 17.2%
- Nine month net capex
- 18400000
- Abl available capacity
- 75200000
- Freight revenue ex fuel
- 315050000
- Adjusted operating ratio
- 95.0%
- Adjusted operating income
- 15823000
- Abl outstanding borrowings
- 35000000
- Managed freight revenue yoy
- 68.4%
- Tangible book value per share
- 9.63
- Net indebtedness to capitalization
- 40.2%
- Pct fleet under long term contracts
- ~80%
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