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Covenant Logistics Group CVLG Warehousing — Direct Communications And Utilities Costs

Other segment segments

Dedicated
$222K+36.2%
Managed Freight
$34K+240%
Expedited
$0

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Other financials

Income statement

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Revenue$307.2M+14.0%
Operating income$6.3M-17.6%
Net income$4.4M-32.7%
EPS (diluted)$0.17-29.2%

Balance sheet

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Cash & equivalents$11.2M+0.1%
Total debt$291.7M+4.9%
Total equity$407.6M-8.1%
Total assets$1.0B+3.8%

Cash flow

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Operating cash flow$29.0M+16.6%
CapEx$11.4M-66.0%
Free cash flow$17.6M+305%

Valuation

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Market cap$1.08B+77.6%
Enterprise value$1.36B+55.5%
P/E36×+0.6×
P/S0.9×

Profitability

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Operating margin2.8%
Net margin3.7%-1.1pp
FCF margin-0.6%

Returns & leverage

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Return on equity7.5%-2.6pp
Debt / equity0.7×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:DirectCommunicationsAndUtilitiesCosts.

The official record: Covenant Logistics Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Covenant Logistics Group's warehousing — direct communications and utilities costs?
Covenant Logistics Group (CVLG) reported warehousing — direct communications and utilities costs of $378K in Q1 2026.
How has Covenant Logistics Group's warehousing — direct communications and utilities costs changed year-over-year?
Covenant Logistics Group's warehousing — direct communications and utilities costs increased by 56.8% year-over-year, from $241K to $378K.
What is the long-term trend for Covenant Logistics Group's warehousing — direct communications and utilities costs?
Over 3 years (2022 to 2025), Covenant Logistics Group's warehousing — direct communications and utilities costs has grown at a 35.0% compound annual growth rate (CAGR), from $399K to $982K.
What does warehousing — direct communications and utilities costs mean?
This metric captures the essential overhead costs for utilities, such as electricity and water, and communication services required to operate warehousing facilities. It provides insight into the energy intensity and connectivity requirements of the segment's physical infrastructure. These costs are generally considered necessary operational expenses to maintain facility functionality.