Covenant Logistics Group, Inc. filed its quarterly report on Form 10-Q with the SEC on August 7, 2026, covering the three and six months ended June 30, 2026, and reporting net income of $8,535 thousand for the second quarter.

Key Highlights

  • Total revenue: $332,873 thousand for the three months ended June 30, 2026, compared with $302,854 thousand in the same period of 2025, according to the filing.
  • Net income: $8,535 thousand for Q2 2026, down from $9,840 thousand in Q2 2025, as reported in the condensed consolidated statements of operations.
  • Diluted net income per share: $0.32 for the three months ended June 30, 2026, versus $0.36 for the same quarter of 2025.
  • Freight revenue: $294,693 thousand for Q2 2026, compared with $276,532 thousand for Q2 2025.
  • Total assets: $1,005,765 thousand as of June 30, 2026, down from $1,045,548 thousand as of December 31, 2025.
  • Shares outstanding as of August 5, 2026: 20,677,778 shares of Class A Common Stock and 4,700,000 shares of Class B Common Stock.

Covenant Logistics Group Second Quarter 2026 Financial Results and Balance Sheet Position

Covenant Logistics Group, Inc. (NYSE: CVLG), a trucking and logistics company headquartered in Chattanooga, Tennessee, disclosed its second-quarter 2026 financial results in a Form 10-Q filed with the SEC. According to the filing, total revenue for the three months ended June 30, 2026 reached $332,873 thousand, consisting of freight revenue of $294,693 thousand and fuel surcharge revenue of $38,180 thousand. For the comparable quarter of 2025, the company reported total revenue of $302,854 thousand.

The filing reported operating income of $8,841 thousand for Q2 2026, compared with $11,563 thousand for Q2 2025. Total operating expenses for the quarter were $324,032 thousand, with revenue equipment rentals and purchased transportation representing the largest single line item at $98,724 thousand. Net income for Q2 2026 was $8,535 thousand, and diluted net income per share was $0.32, based on diluted weighted average shares outstanding of 26,589 thousand.

On the balance sheet, the company reported total assets of $1,005,765 thousand as of June 30, 2026, compared with $1,045,548 thousand as of December 31, 2025. Total stockholders' equity stood at $412,874 thousand at the end of the second quarter, up from $403,996 thousand at December 31, 2025, according to the filing. The company's goodwill was reported at $80,600 thousand, and other intangibles, net, were $99,608 thousand as of June 30, 2026. Long-term debt was $224,732 thousand at quarter end.

What Was Disclosed

The filing covers Covenant Logistics Group's unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026, including revenue, operating expenses, net income, per-share figures, and balance sheet data as of June 30, 2026 and December 31, 2025.