Heartland Express Q1 net loss of $13.9 million on revenue of $219.4 million
Heartland Express reported unaudited first-quarter 2025 results, with operating revenue of $219.4 million, down from $270.3 million a year earlier, and a net loss of $13.9 million, or $0.18 per share, compared with a $15.1 million loss, or $0.19 per share, in the first quarter of 2024. The operating ratio worsened to 106.8% from 105.3%, and management said it does not expect material improvements until later in 2025 and is shrinking its fleet.
Key points
- Operating revenue was $219.4 million, compared with $270.3 million in the first quarter of 2024.
- Net loss was $13.9 million, or $0.18 per share, versus a net loss of $15.1 million, or $0.19 per share, a year earlier.
- Operating ratio rose to 106.8% from 105.3%; non-GAAP adjusted operating ratio rose to 107.1% from 105.6%.
- No shares were repurchased in the first three months of 2025, and management does not expect material improvements until later in 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.