Covenant Logistics Group, Inc. (CVLG) Q2 2026 Earnings Call Transcript

SA Transcripts 161.36K Followers Follow Covenant Logistics Group, Inc. ( CVLG ) Q2 2026 Earnings Call July 30, 2026 10:00 AM EDT Company Participants James Grant - Executive VP, CFO and Principal Financial & Accounting Officer M. Bunn - President David Parker - Founder, CEO & Chairman Conference Call Participants Elliot Alper - TD Cowen, Research Division Jeffrey Kauffman - Citizens JMP Securities, LLC, Research Division Presentation Operator Welcome to today's Covenant Logistics Group Second Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant. [Operator Instructions] I would now like to turn the call over to your host. Mr. Grant, you may begin. James Grant Executive VP, CFO and Principal Financial & Accounting Officer Good morning, everyone, and welcome to the Covenant Logistics Group Second Quarter 2026 Conference Call. As a reminder, this call will contain forward-looking statements under the Private Securities Litigation Reform Act, which are subject to risks and uncertainties that could cause actual results to differ materially. Please review our SEC filings and most recent risk factors. We undertake no obligation to publicly update or revise any forward-looking statements. Our prepared comments and additional financial information are available on our website at www.covenantlogistics.com/investors. Joining me today are CEO, David Parker; President, Paul Bunn; and COO, Dustin Koehl. Before we dive into the quarterly numbers, I want to take a step back and connect a few dots regarding the freight recovery we are now seeing. 10 years ago, Covenant looked very different. We're almost entirely an irregular route carrier without multiple-year committed customer contracts. That meant our financial results were significantly linked to the ups and downs of the volatile freight cycle, making it difficult for investors to understand the long-term value proposition of our business. To fix that, we launched a strategy to deeply embed ourselves in our customer supply