10-Q · May 8, 2026
PAMT CORP reported a Q1 2026 revenue of $141.9 million, marginally up from $141 million in the previous quarter but down from $155.3 million year-over-year. The company achieved an EPS of $0.00, reflecting a substantial…
Earnings analysis · 10-Q
PAMT earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
PAMT’s Q2 2026 revenue increased to $164.652 million, up 8.9% year over year, while diluted EPS improved to a $0.36 loss from a $0.46 loss in the prior-year quarter. The filing does not provide quantitative guidance,…
Read full summary
PAMT’s Q2 2026 revenue increased to $164.652 million, up 8.9% year over year, while diluted EPS improved to a $0.36 loss from a $0.46 loss in the prior-year quarter. The filing does not provide quantitative guidance, and complete current-quarter margin, cash-flow, balance-sheet, and segment data were not available in the supplied filing extract. Litigation remains the principal downside, including a $30.0 million settlement with $26.5 million of net exposure and heightened broker liability risk following the May 2026 Montgomery decision.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.36
What stood out
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Revenue rebounded in Q2
Q2 2026 revenue was $164.652 million, up 8.9% year over year from approximately $151 million in Q2 2025 and up from $142 million in Q1 2026.
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EPS loss narrowed year over year
Diluted EPS was a loss of $0.36, improving from a loss of $0.46 in Q2 2025 and the $1.38 loss reported in Q4 2025.
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Share repurchases resumed
The company repurchased 3,401 shares during May 2026 at an average price of $10.87 per share; 469,444 shares remained available under the repurchase program at June 30, 2026.
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Controls remained effective
Management reported that disclosure controls were effective as of June 30, 2026, and stated that no changes in internal control over financial reporting materially affected, or were reasonably likely to materially affect, controls during the quarter.
What to watch
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Material auto-liability exposure
The company settled a motor-vehicle accident lawsuit for $30.0 million, with $26.5 million representing its net exposure after insurance. The court dismissed the case on May 21, 2026, but the settlement demonstrates the potential for auto-liability claims to materially affect results.
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Claims may exceed insurance
The company self-insures certain auto-liability layers in excess of $2.0 million and warns that claims exceeding reserves or insurance coverage could materially adversely affect financial condition, results of operations, or cash flows.
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Broker litigation risk increased
The May 2026 Montgomery decision held that state-law negligent-selection claims against transportation brokers are not preempted by federal law in certain circumstances. PAMT states that brokerage and logistics services represent a meaningful portion of revenue and that the decision could increase litigation frequency and cost, insurance premiums, and compliance spending.
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Unhedged diesel-price exposure
PAMT does not currently hedge commodity exposure and estimates that a 10% increase in the average annual diesel price would raise annual fuel expense by $5.4 million based on 2025 consumption.
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Equity portfolio remains volatile
The recorded value of marketable equity securities declined to $38.7 million at June 30, 2026 from $48.5 million at December 31, 2025; a further 10% market-price decline would reduce carrying value by approximately $3.9 million.
Management's outlook
The 10-Q does not provide quantitative revenue or EPS guidance, nor does the filing indicate a change to prior outlook. Outlook was addressed in the earnings release/call rather than quantified in this filing.
Earlier filings 4
10-K · March 12, 2026
PAMT reported a weak Q4 2025 quarter with revenue of $141,317,000 (miss vs. consensus $160,400,000) and diluted EPS of -$0.45 (miss vs. consensus -$0.20). Results show sharply compressed operating margins (Q4 op %…
10-Q · November 5, 2025
P.A.M. reported Q3 2025 revenue of $150,264,000 and a consolidated net loss of $5,587,000 (diluted loss per share $0.27), a deterioration versus the comparable quarter a year earlier. Truckload and Brokerage revenues…
10-Q · May 7, 2024
P.A.M. Transportation reported Q1 2024 revenue of $182,592,000, down $39,132,000 (-17.7%) versus Q1 2023. Operating income swung to an operating loss of $677,000 from operating income of $8,499,000 a year ago, and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.