COVENANT LOGISTICS GROUP, INC. 2026: Revenue $332.87M, EPS $0.32— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Covenant Logistics Group reported Q2 2026 revenue of $332.87M, up 9.9% YoY, driven by Managed Freight and Dedicated services. However, net income and diluted EPS declined to $8.54M and $0.32, respectively. The company is shifting its mix toward longer-term contracts, reducing fleet size, and cutting costs to improve margins.
Covenant Logistics Group, Inc. reported second-quarter 2026 results with revenue rising to $332.87M while net income and diluted EPS declined year over year to $8.54M and $0.32, respectively, as the company shifted mix toward Managed Freight and Dedicated services and reduced fleet size.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $332.87M | $302.85M | 9.9% |
| Net income² | $8.54M | $9.84M | (13.3%) |
| Diluted EPS³ | $0.32 | $0.36 | (11.1%) |
¹ Reported as “Total revenue”. ² Reported as “Net income”. ³ Reported as “Diluted income per share”.
Business Highlights
- Revenue growth was driven by Managed Freight and Dedicated services; freight revenue rose to $294.7M, with Managed Freight increasing materially (Managed Freight +$22M in Q2).
- Company is shifting channel mix away from asset-based and expedited volume, which declined due to fleet downsizing and equipment sales, toward longer-term dedicated/committed contracts to secure durable margins.
- Fleet actions reduced net capex and lowered average tractor age to 2.2 years and trailer age to 6.1 years as management stabilizes the fleet.
- Management is pursuing margin improvement through rate increases, exiting low-margin business, and cutting overhead and controllable costs.
Original SEC Filing: COVENANT LOGISTICS GROUP, INC. [ CVLG ] - 10-Q - Aug. 07, 2026