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PAMT CORP Q3 loss widens on higher fuel costs

By Reuters News


Overview

  • U.S. truckload carrier's Q3 revenue rose 8% yr/yr, net loss widened

  • Company cited higher fuel costs and driver expenses offsetting rate improvements

  • Diluted loss per share widened to $0.38 from $0.27 yr ago


Outlook

  • Company expects continued pressure on driver recruitment and retention costs due to regulatory requirements

  • PAMT CORP expects gains on sale of used equipment to fluctuate with timing and market values

  • Company remains optimistic that rates will improve as market adjusts to cost pressures and reduced capacity


Result Drivers

  • RATE IMPROVEMENTS - Co said tightening industry capacity allowed it to improve rate per mile by 11% sequentially and 6% yr/yr

  • HIGHER FUEL COSTS - Co said net fuel costs increased due to timing lag between rising diesel prices and customer fuel surcharges

  • DRIVER EXPENSES - Co said expenses for attracting and retaining qualified drivers increased, partly due to heightened enforcement and regulatory requirements


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

$162.55 mln

Q3 Loss Per Share

$0.38

Q3 Net Loss

$8.06 mln

Q3 Operating Income

-$5.02 mln

Q3 Pretax Loss

$10.50 mln


Reuters Recommended Reads

  • Oct 30 - Group 3 gasoline, diesel jump in Midwest's Group 3 spot market on strong demand

  • Nov 2 - V2X Q3 revenue beats estimates, raises 2026 outlook

  • Nov 2 - Allison Transmission Q3 sales jump 121%, beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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