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Heartland Express
Heartland Express (HTLD) investor relations material
Heartland Express Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary9 Feb, 2026
Executive summary
Reported a net loss of $19.4 million for Q4 2025 and $52.5 million for the full year, reflecting ongoing freight market weakness and a $19.0 million trade name impairment charge in Q4.
Operating revenue was $179.4 million for Q4 2025 (down from $242.6 million YoY) and $805.7 million for the year (down 23.1% YoY).
Strategic initiatives included unifying CFI and Heartland Express fleets, aligning technology, and optimizing the network to improve efficiency.
Financial highlights
Q4 2025 net loss: $19.4 million; basic loss per share: $0.25.
FY 2025 net loss: $52.5 million; basic loss per share: $0.67.
Q4 2025 operating ratio: 112.7% (101.6% adjusted); FY 2025: 107.1% (104.7% adjusted).
Operating cash flows were $89.3 million for FY 2025 (11.1% of revenue).
$23.4 million gain on sales of property and equipment in 2025.
Outlook and guidance
Management expects operational improvements from recent investments and fleet unification to benefit results in 2026 and beyond.
No meaningful freight market recovery anticipated until later in 2026, but early positive trends in customer volume and rates are emerging.
Long-term goals remain: low to mid-80s operating ratio, profitable revenue growth, and a debt-free balance sheet by 2027.
Reason for CFI trade name impairment
When is meaningful market improvement expected?
What is the target operating ratio?
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Latest events from Heartland Express
- 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.HTLDRegistration Filing16 Dec 2025
- Proxy covers director elections, auditor ratification, pay, governance, and ESG priorities.HTLDProxy Filing2 Dec 2025
- Annual meeting to elect directors, ratify auditor, and vote on executive pay May 8, 2025.HTLDProxy Filing2 Dec 2025
- Revenue and profit declined amid weak freight demand, with no near-term recovery expected.HTLDQ3 202510 Nov 2025
- Revenue and profitability declined as weak freight demand and cost inflation persisted.HTLDQ2 20258 Aug 2025
- Losses persist amid weak freight demand; recovery not expected until 2025.HTLDQ3 202413 Jun 2025
- Net loss and revenue decline continued in Q2 2024 as freight demand and costs pressured results.HTLDQ2 202413 Jun 2025
- Q1 2025 net loss narrows to $13.9M as cost actions begin amid weak freight demand.HTLDQ1 20256 Jun 2025
Next Heartland Express earnings date
Q1 20261 May, 2026
Heartland Express
Next Heartland Express earnings date
Q1 20261 May, 2026
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