Pamt Corp (PAMT) Q1 2026 earnings summary

Executive summary

• Operating revenues for Q1 2026 were $141.9 million, down from $155.3 million in Q1 2025, reflecting a challenging freight market and lower rates per mile.

• Net loss narrowed significantly to $8,000 in Q1 2026 from $8.1 million in Q1 2025, aided by a $12.7 million gain on the sale of real property.

• Diluted loss per share improved to $(0.00) from $(0.37) year-over-year.

Financial highlights

• Truckload services revenue before fuel surcharges fell 15.3% year-over-year to $78.3 million, mainly due to a 7.0% decline in rate per mile and a 5.8% decrease in average manned trucks.

• Brokerage and logistics services revenue remained flat at $44.4 million.

• Operating expenses decreased to $142.2 million from $164.5 million, with notable reductions in depreciation and purchased transportation.

• Gain on sale or disposition of assets rose to $15.1 million, driven by the Laredo property sale.

• Non-operating income increased to $4.8 million, reflecting realized gains on equity securities.

Outlook and guidance

• The company expects to purchase approximately 550 new trucks and 600 new trailers in 2026, with net capital expenditures projected at $78.8 million.

• No cash dividends are anticipated in the foreseeable future; earnings will be retained for growth.