Heartland Express Q3 net loss narrows to $8.3 million as revenue falls to $196.5 million
Heartland Express reported unaudited third-quarter 2025 results, with operating revenue of $196.5 million, down from $259.9 million a year earlier, and a net loss of $8.3 million, compared with $9.3 million in the third quarter of 2024. The operating ratio worsened to 103.7% from 102.7%, and management said it does not expect material market improvement until sometime in 2026.
Key points
- Operating revenue of $196.5 million, versus $259.9 million in Q3 2024
- Net loss of $8.3 million, or $0.11 per basic share, versus $9.3 million, or $0.12 per share, a year earlier
- Operating ratio of 103.7%, compared with 102.7% in Q3 2024
- Cash of $32.7 million at September 30, 2025; repurchased $1.4 million of common stock in the quarter
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 November 06, 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.