Heartland Express Q2 2025 Financial Results

Heartland Express, Inc. reported its unaudited financial results for the second quarter of 2025, ending June 30. The company posted an operating revenue of $210.4 million, a net loss of $10.9 million, and a basic loss per share of $0.14. The operating ratio stood at 105.9%, with a non-GAAP adjusted operating ratio of 106.0%. Despite the loss, the company managed to reduce its acquisition-related debt and finance lease obligations significantly, from $494 million in 2022 to $194 million. Heartland Express also repurchased 1 million shares of its common stock for $8.9 million. The company's CEO, Mike Gerdin, highlighted the challenging industry environment but expressed confidence in the company's operating model and future prospects. The company expects to complete the transition to a common transportation management system by December 31, 2025, which is anticipated to drive operational efficiencies in 2026.