Covenant Logistics : 1st Quarter 2026 Statistics

Published: 2026-04-23 17:29:20 ET CVLG

Published on 04/23/2026 at 05:29 pm EDT

Seated team units- averaged 737 (or 34.1% of seated fleet) during the quarter versus 827 (or 37.2% of seated fleet) last year

Seated Solo Units- averaged 1,429 (or 66.1% of seated fleet) during the quarter versus 1,405 (or 63.1% of seated fleet) last year

Average age of tractors - 2.2 years versus 1.7 years last year

Average age of trailers - 5.6 years versus 5.8 years last year

Owner operators - Averaged 94 versus 107 last year

Open trucks, including wrecks - Averaged 4.9% this quarter versus 4.6% last year

Cash flow from operating activities for the first quarter - $29.0 million provided versus $24.8 million provided last year

Capital expenditures, net of proceeds from dispositions - approximately $24.2 million provided during the quarter versus approximately $23.9 million provided last year

Cash and cash equivalents - $11.2 million versus $11.2 million last year

Average receivable days outstanding - 44.9 days versus 46.3 days last year

Available borrowing capacity under our revolving credit facility - $57.5 million versus $90.1 million last year

Total indebtedness (total debt and finance leases), net of cash - $245.3 million versus $225.4 million last year

Total indebtedness, net of cash to total capitalization ratio - 37.6% versus 33.7% last year

Tangible book value per end-of-quarter basic share - $8.95 versus $10.04 last year

Revenue equipment rental expense - $2.9 million during the quarter compared to $1.5 million last year

Total truck miles decreased 7.9% versus a year ago while total average trucks decreased 2.5% versus a year ago

Deadhead percentage - 17.4% versus 15.1% last year

Average length of haul - 222 miles during the quarter versus 277 miles last year

Segment

Q1 2026 Avg. Length of Haul

Q1 2025 Avg. Length of Haul

Expedited

1,143

1,052

Dedicated

97

120

Truckload Combined

222

277

$300,000

$250,000

$200,000

Q1 2026 Freight Revenue Excludes Fuel Surcharge In Thousands

$ 5

100.0%

S300,X0

S50,B0 5200 00

Q1 2025Freight Revenue Excludes Fuel Surcharge In Thousands

$243,219

siso,ooo ,71.949

$100,000 25.5%

$50,000

$91.064 $90.731

3?.3% 3:.?%

$27.552 9.8%

11S0,@0 $80,14fi 882.080

Sioo,io 3.0%

S50,0OO

$0

13.4% S*4.040

Expedited Dedicated Managed Warehouse Total Freight

Expedited Dedicated Managed Warehouse Total Freight

$40,000

$35,fX)0

$3O,£ICIO

$25,000

Q1 2026 Adjusted Operating Income & Operating Ratios

from Continuing Operations In Thousands

$4o,£Do

$35,£D0

$30,£D0

125,£D0

120,£D0

Q1 2025 Adjusted Operating Income & Operating Ratios

from Continuing Operations In Thousands

$10,857

$2O,£I0O

$15,fXl0 $4,128

$1O,£€IO $683 ss.s'r

S5,0fXI 99.1%

$3,717 96.0' o

$1212 95.6%

59,740

96.5%

15,L00 54,655

10,000 94.2°» 11,555

$5,000 98.1%

13,349

94.1P«

$1,298 94.6%

95.5%

Expedited Dedicated Managed Warehouse Total Freight

Expedited Dedicated Managed Warehouse Total Freight

Disclaimer

Covenant Logistics Group Inc. published this content on April 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 23, 2026 at 21:20 UTC.