The revenue growth and improving operational metrics (miles/truck, empty miles) are positive, but persistent losses and cash burn keep the stock in a show-me phase. Watch for further rate recovery and evidence of operating leverage in Q3. The CFO change is routine and provides no signal.
Price Chart
Executive Summary
PAMT reported Q2 2026 revenue of $164.7M (+8.9% YoY) but continued net loss of $7.4M ($0.36 per share) with operating ratio worsening to 106.3%. A one-time $3.1M auto liability claims accrual weighed on results. Management highlighted first sequential rate increase in over 3 years and improved truck productivity (+12.8% miles/truck/day), but cash burn accelerated (H1 operating cash flow -$16.7M) and debt remains elevated at $332.8M. Concurrently, Daniel C. Kleine was promoted to CFO effective July 30.
Key Financial Metrics
Key Facts
- Operating revenue $164.7M in Q2 2026 vs $151.1M YoY, +8.9%
- Net loss $7.4M vs $9.6M loss YoY; diluted EPS -$0.36 vs -$0.46
- Truckload operating ratio worsened to 114.2% from 112.5% YoY
- One-time $3.1M accrual for prior-year auto liability claims reduced earnings by $0.11/share
- H1 operating cash flow -$16.7M; cash dropped to $18.2M from $35.2M at Dec 2025
- Total debt $332.8M essentially flat from Dec 2025 ($333.9M)
- Daniel C. Kleine appointed CFO effective July 30, 2026, internal promotion
- Revenue per total mile (before fuel) $1.98 vs $2.04 YoY; empty miles improved to 7.35% from 8.90%
Financial Impact
Revenue grew $13.5M YoY but net loss still $7.4M; auto claims accrual of $3.1M
Risk Factors
- Continued losses and negative operating cash flow could pressure liquidity
- Truckload operating ratio remains above 110% indicating cost inefficiencies
- One-time claims accrual suggests elevated insurance exposure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-025703 |
| Document: ptsi20260804_8k.htm | 0001437749-26-025703 |
| Document: 0001437749-26-025703-index-headers.html | 0001437749-26-025703 |
| Document: 0001437749-26-025703-index.html | 0001437749-26-025703 |
| Document: 0001437749-26-025703.txt | 0001437749-26-025703 |
| 8-K Data (Synthetic) | 0001437749-26-025703 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 11w ago | 8-K | $14.39 | awaiting T+60 | — | $10.25 (−28.77%) |
Jun 12, 2026 19w ago | Institutional Cluster | $15.87 $11.93 | ▲ +24.83% | ▲ +28.09% | $10.25 (+35.41%) |
US Market Status
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