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Heartland Express HTLD Fuel surcharge revenue

Fuel surcharge revenue at other companies

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Marten TransportMRTN
$14.72M-28.7%
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$641.46M+82.3%
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$1.4M-6.7%
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$111.1M+10.2%
Covenant Logistics Group logo
Covenant Logistics GroupCVLG
$38.18M+45.0%

Segments

By product

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fuel surcharge$31.7M+29.4%

Other financials

Income statement

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Revenue$184.1M-12.5%
Operating income$16.5M+233%
Net income$10.6M+197%
EPS (diluted)$0.14+200%

Balance sheet

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Cash & equivalents$62.4M+173%
Total debt$146.4M-29.5%
Total equity$755.3M-8.2%
Total assets$1.2B-9.6%

Cash flow

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Operating cash flow$12.9M-38.7%
CapEx$47.4M+40.4%
Free cash flow-$34.6M-170%

Valuation

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Market cap$910.5M+54.0%
Enterprise value$994.52M+28.1%
P/S1.2×+0.6×

Profitability

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Operating margin-2.3%-0.6pp
Net margin-3%-0.5pp
FCF margin-11.6%

Returns & leverage

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Return on equity-6.6%+52.6pp
Debt / equity0.2×0.0×
Current ratio1.6×+0.6×

Where this comes from

Reported directly by Heartland Express in its filing.

Tagged under the XBRL concept htld:FuelSurchargeRevenue.

The source filing: Heartland Express’s 10-K, filed March 3, 2026.

Filed
Mar 2, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000799233-26-000006

Total revenues recorded were $805.7 million, $1,047.5 million, and $1,207.5 million for the twelve months ended December 31, 2025, 2024, and 2023, respectively. Fuel surcharge revenues were $96.6 million, $133.9 million, and $173.8 million for the twelve months ended December 31, 2025, 2024, and 2023, respectively. As a result of the CFI acquisition we acquired outsourcing of certain loads to third-party carriers in the U.S. and Mexico. During the twelve months ended December 31, 2025 the Company only outsourced certain loads to third-party carriers in Mexico. The Company is a principal in these arrangements resulting in revenue associated with these contracts being recorded on a gross basis. The primary responsibility to meet the customer's requirements is maintained by the Company as the party performing billing, collection and pricing negotiations with the customer. The Company is also responsible for selecting third-party transportation providers that satisfy our premium customer service requirements. Accessorial, brokerage and other revenues recorded in the consolidated statements of comprehensive income collectively represented $58.1 million, $78.0 million, and $94.8 million for the twelve months ended December 31, 2025, 2024, and 2023, respectively. Included in the accessorial, brokerage and other revenues is $31.3 million and $31.8 million of logistics revenue within Mexico for the twelve months ended December 31, 2025 and 2024, respectively. We have property and equipment in Mexico in support of these operations with a net book value of $1.1 million as of December 31, 2025, which are the company's only foreign long-lived assets.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Heartland Express's fuel surcharge revenue?
Heartland Express (HTLD) reported fuel surcharge revenue of $24.15M in Q4 2025.
How has Heartland Express's fuel surcharge revenue changed year-over-year?
Heartland Express's fuel surcharge revenue decreased by 27.9% year-over-year, from $33.48M to $24.15M.
What is the long-term trend for Heartland Express's fuel surcharge revenue?
Over 4 years (2021 to 2025), Heartland Express's fuel surcharge revenue has grown at a 6.1% compound annual growth rate (CAGR), from $76.1M to $96.6M.
What does fuel surcharge revenue mean?
This represents the additional revenue collected from customers to offset fluctuations in fuel costs, typically passed through based on market fuel price indices. It is a critical metric for assessing how effectively the company mitigates the impact of volatile energy prices on its operating margins.

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