GlobeNewswire·Nov 12, 2026, 5:39 PM ET

Proficient Auto Logistics Reports Third Quarter 2026 Financial Results

PAL

Proficient Auto Logistics reported third quarter 2026 total operating revenue of $149.0 million, a 30.3% increase from Q3 2025.
Total operating loss for the quarter was $3.9 million compared to a $0.1 million loss in Q3 2025.
Adjusted operating income was $0.3 million versus $4.2 million in Q3 2025, with an adjusted operating ratio of 99.8%.
Total unit deliveries reached 839,036, representing a 38.6% increase from the prior year period.
Revenue growth was primarily driven by the inclusion of Hansen & Adkins results following the acquisition completed on August 13, 2026.
Revenue per unit decreased by 10.3% due to portfolio mix changes \& a shorter haul length in the Hansen & Adkins portfolio.
The Hansen & Adkins integration is on schedule for substantial completion by the end of Q1 2027.
The company identified total annual run-rate operating synergy opportunities of $20 million to $30 million, exceeding the initial $6 million to $10 million estimate.
Adjusted EBITDA for the quarter was $7.9 million, down from $11.96 million in Q3 2025.
Operating expenses were impacted by elevated cost inflation in insurance, driver wages, recruiting, retention, \& equipment maintenance.
Fuel surcharge under-recovery negatively impacted the operating ratio by an estimated 200 to 250 basis points.
The company ended the quarter with $11.8 million in cash \& $140.6 million in senior secured debt, resulting in net debt of approximately $128.8 million.
Net debt increased due to the assumption of Hansen & Adkins equipment financing \& the addition of convertible notes.
Under the $15 million share repurchase program authorized in March 2026, the company repurchased 181,678 shares for $1.1 million by the end of Q3 2026.
The company will host an investor conference call at 5:00 p.m. EST to discuss these financial results.

Company: Proficient Auto Logistics, Inc.
Keywords: Nasdaq:PAL, Proficient Auto Logistics, Inc.