Heartland Express reported FY 2025 revenue of USD 805.7 million, down 23.1%, including fuel surcharge revenue of USD 96.6 million. The company posted a FY 2025 net loss of USD 52.5 million and a basic loss per share of USD 0.67, with an operating ratio of 107.1% and an adjusted operating ratio of 104.7%. Operating cash flow was USD 89.3 million (11.1% of revenue). For FY 2025, Heartland Express recorded an operating loss of USD 57.4 million and an adjusted operating loss of USD 33.4 million. Total assets were USD 1.2 billion and stockholders’ equity was USD 755.3 million at Dec. 31, 2025. The company ended the year with USD 18.5 million in cash and cash equivalents and USD 156.0 million in outstanding debt; it also reported USD 88.8 million of available borrowing capacity on its revolving facility. Business updates included continued integration and rebranding of CFI’s U.S. operations into Heartland Express, which drove a FY 2025 trade name impairment charge of USD 19.0 million. The company also highlighted cost actions tied to the CFI integration, including lower purchased transportation and contractor miles (contractor miles accounting for less than 2% of total miles), and reiterated its focus on paying down acquisition-related debt while maintaining regular quarterly dividends. Heartland Express repurchased USD 10.4 million of common stock in FY 2025 and said it expects equipment transaction gains of USD 20.0 million to USD 30.0 million during 2026.

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