Covenant Logistics Group reported a net loss of $18.257 million for Q4 2025, or $0.73 per diluted share, primarily due to impairment charges to goodwill and equipment, and increased insurance expenses. Despite these challenges, the company's adjusted results showed an income of $0.31 per diluted share, reflecting a seasonal uplift in volume partially offset by increased costs and startup expenses.

Covenant Logistics Group reported a decrease in total revenue and adjusted earnings per diluted share for the first quarter of 2025, primarily due to sub-par equipment utilization caused by inclement weather and avian influenza outbreaks. Despite this, the company remains confident in its strategy, expecting modest rate increases in Expedited, higher margins in Managed Freight, and revenue growth in Dedicated, Managed Freight, and Warehousing divisions for the second quarter.

Covenant Logistics Group reported Q4 earnings of $0.24 per diluted share and adjusted earnings of $0.49 per diluted share. The company's diversified business model helped to offset challenges in the dedicated segment, with asset-light segments outperforming expectations. The general freight market appears to be incrementally improving.

Covenant Logistics Group reported third quarter earnings of $0.94 per diluted share and non-GAAP adjusted earnings of $1.09 per diluted share. Freight revenue grew by 2.1% year-over-year, and operating income increased by 7.2%. The company also reduced its net indebtedness by $36.6 million sequentially and improved the average age of its fleet.

Covenant Logistics Group reported second quarter earnings of $0.88 per diluted share and non-GAAP adjusted earnings of $1.04 per diluted share. Freight revenue grew by 5.3% year-over-year, and adjusted operating income increased by 15.0%. The company navigated a challenging freight environment by capitalizing on new commercial opportunities and controlling costs.

Covenant Logistics Group reported first quarter earnings of $0.29 per diluted share and non-GAAP adjusted earnings of $0.84 per diluted share, navigating a soft freight market and adverse weather conditions. The team capitalized on opportunities, allocated equipment investments, and controlled costs, with successful execution of major startups in the Dedicated segment.

Covenant Logistics Group reported Q4 earnings of $0.93 per diluted share and adjusted earnings of $1.07 per diluted share. The asset-based segments contributed approximately 67% of total revenue and 74% of operating income. The company's 49% equity method investment with Transport Enterprise Leasing contributed pre-tax net income of $4.7 million.