Key Highlights

  • Werner Enterprises' $0.14 quarterly dividend trades ex-dividend October 5, 2026, with payment on October 21 to shareholders of record.
  • The company stated it has paid a dividend every quarter since July 1987; the latest was declared August 10.
  • Second-quarter revenue rose 24% to $933.9 million, and operating cash flow rose 84% to $84.7 million.
  • Second-quarter GAAP diluted EPS was $0.11, down 85%, while adjusted EPS, a non-GAAP measure, was $0.22, up 178%.

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend of $0.14 per share, a yield of 1.63%, payable October 21 to shareholders of record on October 5, 2026. The company stated that it has paid a dividend every quarter since July 1987. Second-quarter revenue rose 24% to $933.9 million.

Dividend Program and Shareholder Returns

Werner's board declared the quarterly dividend of $0.14 per share on August 10, 2026, payable October 21 to shareholders of record on October 5. The shares trade ex-dividend on October 5.

Dividends paid in the first half of 2026 totaled $16.775 million, compared with $17.329 million in the first half of 2025. The company reported no share repurchases in the second quarter and 5.0 million shares remaining under its repurchase authorization. Each dividend remains subject to board approval.

About the Company

Werner Enterprises, Inc. is a transportation and logistics company that operates through Truckload Transportation Services (TTS) and Werner Logistics. TTS revenue was $702.6 million in the second quarter, and Werner Logistics revenue was $211.7 million. The company closed its FirstFleet acquisition on January 27, 2026, and Dedicated was 80% of the TTS fleet, compared with 65% a year earlier.

Segment Revenue, Operating Income and Adjusted Earnings

Werner reported second-quarter revenue of $933.9 million, up 24%. TTS revenue was $702.6 million, up 36%, and Werner Logistics revenue was $211.7 million, down 4%. FirstFleet, which added 2,121 average trucks, contributed $169.1 million of second-quarter revenue, according to the company's 10-Q filed August 7.

Reported operating income was $16.9 million, down 74%, and adjusted operating income, a non-GAAP measure, was $27.6 million, up 67%. GAAP net income was $6.4 million, down 86%, and GAAP diluted EPS was $0.11, down 85%, compared with $0.72. Adjusted EPS, a non-GAAP measure, was $0.22, up 178%. The company stated that the prior-year period included a $53.6 million litigation liability reversal.

TTS operating income was $27.1 million, down $37.0 million, and TTS adjusted operating income, a non-GAAP measure, was $32.3 million, up 153%. TTS operating margin was 3.9%, and adjusted operating margin net of fuel, a non-GAAP measure, was 5.5%. Werner Logistics reported an operating loss of $3.9 million, compared with operating income of $4.3 million. Operating cash flow was $84.7 million, up 84%, and liquidity was $657.0 million.

Dedicated Mix, Rate Trends and Revised 2026 Guidance

Werner reported that Dedicated revenue per truck per week rose 5.4% to $4,789 on 6,976 average trucks, and that One-Way revenue per truck per week rose 27.7% to $6,114 after the One-Way fleet decreased 34.7% to 1,735 trucks. In its release, CEO Derek Leathers stated that the organic Dedicated business is growing, that the FirstFleet acquisition is driving margin improvement ahead of schedule, and that safety and insurance trends were favorable for a second consecutive quarter. Werner revised its 2026 guidance to net capital expenditures of $215 million to $250 million, compared with $185 million to $225 million, TTS truck growth of 16% to 18%, compared with 23% to 28%, and Dedicated revenue per truck per week growth of 3% to 5%, compared with flat to 3%.

Outlook

Werner's $0.14 quarterly dividend is payable October 21 to shareholders of record on October 5, 2026. Adjusted operating income (non-GAAP) relative to reported operating income, the revised 2026 net capital expenditure range of $215 million to $250 million, and the FirstFleet contribution to revenue are the relevant considerations.