
Overview
Heartland Express Q2 operating revenue falls to $210.4 mln, missing estimates
Net loss widens to $10.9 mln, missing analyst expectations
Co repurchased 1 mln shares, reduced debt by $300 mln since 2022
Outlook
Heartland Express expects freight demand improvement later in 2025
Company anticipates positive freight outlook in 2026
Heartland Express aims to complete telematics transition by Q3 2025
Company plans common transportation system by December 2025
Result Drivers
WEAK FREIGHT DEMAND - Co cites weak freight demand as a major factor impacting Q2 results
RISING OPERATING COSTS - Increased operating costs contributed to financial challenges, per CEO Mike Gerdin
TELEMATICS TRANSITION - CFI fleet undergoing telematics transition to improve driver utilization, expected completion in Q3 2025
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating revenue | Miss | $210.40 mln | $226.80 mln (4 Analysts) |
Q2 Net Income | Miss | -$10.90 mln | -$6.13 mln (2 Analysts) |
Q2 Basic EPS |
| -$0.14 |
|
Press Release: ID:nGNX110v3j