What is the long-term trend for Covenant Logistics Group's managed freight — fuel costs?

Over 3 years (2022 to 2025), Covenant Logistics Group's managed freight — fuel costs has grown at a -100.0% compound annual growth rate (CAGR), from $9K to $0.

What does managed freight — fuel costs mean?

Captures the direct expenditures on fuel required to support the transportation activities within the Managed Freight segment. This metric is critical for assessing the segment's exposure to energy price volatility and operational fuel efficiency.

Covenant Logistics Group (CVLG) Managed Freight — Fuel Costs

Screener

Other segment segments

Dedicated

$19.09M+40.9%

Expedited

$18.19M+26.9%

Warehousing

$245K+57.1%

Similar metrics at other companies

CWCOBulk — Fuel Costs

$3.13M+70.1%

HNRGCoal Operations — Fuel Costs

$786K+81.1%

HNRGElectric Operations — Fuel Costs

$25.26M+18.4%

BRK.BBurlington Northern Santa Fe Corporation — Fuel Costs

$1.17B+68.1%

BBCPUS Concrete Waste Management Services — Fuel Costs

$990K+33.6%

FWRDExpedited Freight — Fuel expense

$3.67M+45.7%

Other financials

Income statement

See full

Revenue$332.9M+9.9%

Operating income$8.8M-23.5%

Net income$8.5M-13.3%

EPS (diluted)$0.32-11.1%

Balance sheet

See full

Cash & equivalents$2.6M+1,729%

Total debt$324.4M+5.1%

Total equity$412.9M-1.0%

Total assets$1.0B-0.3%

Cash flow

See full

Operating cash flow$29.0M+16.6%

CapEx$33.8M-7.2%

Free cash flow-$44.7M-207%

Valuation

See full

Market cap$872.17M+52.8%

Enterprise value$1.19B+35.7%

P/E27.4×+0.5×

P/S0.7×—

Profitability

See full

Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-3.1%—

Returns & leverage

See full

Return on equity7.5%-2.6pp

Debt / equity0.8×0.0×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:FuelCosts.

The source filing: Covenant Logistics Group’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 3:08 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001437749-26-026547

Line item	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Total revenue	$332,873	$302,854	$640,034	$572,209
Operating expenses:
Salaries, wages, and related expenses	$110,134	$109,148	$219,402	$214,100
Fuel expense	37,850	27,989	66,147	56,157
Operations and maintenance	18,766	17,066	36,680	32,816
Revenue equipment rentals and purchased transportation	98,724	76,791	187,942	133,596
Operating taxes and licenses	3,026	3,436	6,015	7,022
Insurance and claims	18,138	17,307	30,784	32,590

Document

FAQ

What is Covenant Logistics Group's managed freight — fuel costs?: Covenant Logistics Group (CVLG) reported managed freight — fuel costs of $0 in Q2 2026.
What is the long-term trend for Covenant Logistics Group's managed freight — fuel costs?: Over 3 years (2022 to 2025), Covenant Logistics Group's managed freight — fuel costs has grown at a -100.0% compound annual growth rate (CAGR), from $9K to $0.
What does managed freight — fuel costs mean?: Captures the direct expenditures on fuel required to support the transportation activities within the Managed Freight segment. This metric is critical for assessing the segment's exposure to energy price volatility and operational fuel efficiency.