We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PAMT Stock Gains 13% Despite Incurring a Wider YoY Loss in Q3
Read MoreHide Full Article
Shares of PAMT CORP (PAMT - Free Report) have gained 12.9% since the company reported its earnings for the quarter ended Sept. 30, 2026, outperforming the S&P 500 index’s 2.3% decline over the same period. Over the past month, PAMT shares have advanced 6.5% against the broader market benchmark’s 6.1% decline.
PAMT incurred a third-quarter 2026 net loss of 38 cents per share, wider than the year-ago loss of 27 cents per share.
Revenues of $162.6 million denoted an 8.2% rise from $150.3 million in the year-ago quarter.
However, the company incurred a net loss of $8.1 million, wider than the year-ago loss of $5.6 million. Despite higher revenues, increased operating costs and unfavorable non-operating results weighed on profitability. Operating loss narrowed to $5 million from $5.7 million a year earlier.
Revenues before fuel surcharges increased 2.3% year over year to $136 million, while fuel surcharge revenues climbed 53.4% to $26.6 million. Total operating expenses increased 7.4% to $167.6 million. The company's consolidated operating ratio stood at 103.1%, reflecting operating expenses exceeding revenues.
Within Truckload Operations, total miles increased marginally to 41.7 million from 41.5 million in the prior-year quarter. However, total loads declined 5.1% to 89,066, while the average truck count decreased to 2,010 from 2,069. The segment's operating ratio deteriorated to 109.1% from 106.7%.
Revenue per truck per workday increased to $698 from $689, while revenue per truck per week improved to $3,490 from $3,443. The empty miles factor improved to 7.73% from 8.07%.
Logistics Operations generated revenues of $44.8 million, up 7.3% from $41.8 million a year earlier. Its operating ratio improved to 92.6% from 99.1%, indicating better operating efficiency.
PAMT's Management Commentary
President Lance Stewart highlighted improving freight market conditions, supported by ongoing industry capacity reductions amid heightened enforcement and evolving regulatory developments.
These developments helped the company improve its rate per mile by 11% sequentially and 6% year over year. Management viewed the pricing improvement as progress toward recovering inflation-driven cost increases experienced over the past four years.
However, Stewart acknowledged that cumulative cost increases continued to outpace pricing improvements. Management expressed confidence that ongoing initiatives and improving market conditions could support stronger financial performance.
Factors Influencing PAMT's Quarterly Results
Higher fuel expenses, increased driver-related costs and lower gains from used equipment sales offset improvements in customer pricing.
Operating supplies and expenses increased to $41.2 million from $29.1 million, while salaries, wages and benefits rose to $41.8 million from $39.7 million.
The company attributed higher net fuel costs primarily to the lag between increases in diesel prices and corresponding customer fuel surcharge adjustments, which typically occur at least one week later.
Gains on asset dispositions declined sharply to $0.3 million from $4 million, reducing the contribution from equipment sales.
Interest expenses increased to $4.9 million from $4.5 million. Additionally, the company recorded a non-operating expense of $0.6 million, compared with non-operating income of $2.5 million a year earlier, further pressuring net results.
PAMT's Liquidity and Financial Position
As of Sept. 30, 2026, PAMT had available liquidity of $102 million, comprising cash, marketable equity securities and unused borrowing capacity. Cash and cash equivalents declined to $5.4 million from $35.2 million at 2025-end.
Total assets declined to $645.5 million from $697.9 million as of Dec. 31, 2025.
Total outstanding debt declined $10.7 million from year-end 2025 to $323.1 million. Stockholders' equity declined to $195 million from $210.5 million.
The company used $1 million in operating cash during the quarter and $17.7 million during the first nine months of 2026.
Although debt reduction provided some balance-sheet support, continued operating cash outflows and persistent losses underscored the importance of improving profitability and cash generation.
View the Zacks #1 Rank List
Image: Bigstock
PAMT Stock Gains 13% Despite Incurring a Wider YoY Loss in Q3
Shares of PAMT CORP (PAMT - Free Report) have gained 12.9% since the company reported its earnings for the quarter ended Sept. 30, 2026, outperforming the S&P 500 index’s 2.3% decline over the same period. Over the past month, PAMT shares have advanced 6.5% against the broader market benchmark’s 6.1% decline.
PAMT incurred a third-quarter 2026 net loss of 38 cents per share, wider than the year-ago loss of 27 cents per share.
Revenues of $162.6 million denoted an 8.2% rise from $150.3 million in the year-ago quarter.
However, the company incurred a net loss of $8.1 million, wider than the year-ago loss of $5.6 million. Despite higher revenues, increased operating costs and unfavorable non-operating results weighed on profitability. Operating loss narrowed to $5 million from $5.7 million a year earlier.
PAMT CORP Price, Consensus and EPS Surprise
PAMT CORP price-consensus-eps-surprise-chart | PAMT CORP Quote
PAMT's Key Operating Metrics
Revenues before fuel surcharges increased 2.3% year over year to $136 million, while fuel surcharge revenues climbed 53.4% to $26.6 million. Total operating expenses increased 7.4% to $167.6 million. The company's consolidated operating ratio stood at 103.1%, reflecting operating expenses exceeding revenues.
Within Truckload Operations, total miles increased marginally to 41.7 million from 41.5 million in the prior-year quarter. However, total loads declined 5.1% to 89,066, while the average truck count decreased to 2,010 from 2,069. The segment's operating ratio deteriorated to 109.1% from 106.7%.
Revenue per truck per workday increased to $698 from $689, while revenue per truck per week improved to $3,490 from $3,443. The empty miles factor improved to 7.73% from 8.07%.
Logistics Operations generated revenues of $44.8 million, up 7.3% from $41.8 million a year earlier. Its operating ratio improved to 92.6% from 99.1%, indicating better operating efficiency.
PAMT's Management Commentary
President Lance Stewart highlighted improving freight market conditions, supported by ongoing industry capacity reductions amid heightened enforcement and evolving regulatory developments.
These developments helped the company improve its rate per mile by 11% sequentially and 6% year over year. Management viewed the pricing improvement as progress toward recovering inflation-driven cost increases experienced over the past four years.
However, Stewart acknowledged that cumulative cost increases continued to outpace pricing improvements. Management expressed confidence that ongoing initiatives and improving market conditions could support stronger financial performance.
Factors Influencing PAMT's Quarterly Results
Higher fuel expenses, increased driver-related costs and lower gains from used equipment sales offset improvements in customer pricing.
Operating supplies and expenses increased to $41.2 million from $29.1 million, while salaries, wages and benefits rose to $41.8 million from $39.7 million.
The company attributed higher net fuel costs primarily to the lag between increases in diesel prices and corresponding customer fuel surcharge adjustments, which typically occur at least one week later.
Gains on asset dispositions declined sharply to $0.3 million from $4 million, reducing the contribution from equipment sales.
Interest expenses increased to $4.9 million from $4.5 million. Additionally, the company recorded a non-operating expense of $0.6 million, compared with non-operating income of $2.5 million a year earlier, further pressuring net results.
PAMT's Liquidity and Financial Position
As of Sept. 30, 2026, PAMT had available liquidity of $102 million, comprising cash, marketable equity securities and unused borrowing capacity. Cash and cash equivalents declined to $5.4 million from $35.2 million at 2025-end.
Total assets declined to $645.5 million from $697.9 million as of Dec. 31, 2025.
Total outstanding debt declined $10.7 million from year-end 2025 to $323.1 million. Stockholders' equity declined to $195 million from $210.5 million.
The company used $1 million in operating cash during the quarter and $17.7 million during the first nine months of 2026.
Although debt reduction provided some balance-sheet support, continued operating cash outflows and persistent losses underscored the importance of improving profitability and cash generation.