Earnings Releases·Oct 27, 2026, 4:10 PM ET

Werner Enterprises — Third Quarter 2026 Earnings Summary

Total revenues rose 23% YoY to $950.5 million, while operating income turned to a $17.0 million profit from a $13.0 million loss in Q3 2025; net income attributable to shareholders was $6.6 million versus a $20.6 million loss the prior year.
Management updated 2026 guidance, lowering net capital expenditure expectations to $190–$205 million (from $215–$250 million) and adjusting TTS average truck count growth to 16–17% (from 16–18%), while maintaining confidence in capitalizing on an emerging freight upcycle.
The Truckload Transportation Services segment drove growth with 37% revenue increases to $714.0 million and a 172% surge in non-GAAP adjusted operating income, bolstered by the January 2026 acquisition of FirstFleet; conversely, Werner Logistics revenues fell 7% YoY to $215.8 million.
Strategic capital activities included a new $1.1 billion unsecured credit facility executed on October 5, 2026, replacing the prior $1.075 billion facility, though no share repurchases occurred in Q3 2026 with 5.0 million shares remaining under authorization.
Near-term margins face headwinds from rising fuel costs and elevated claims expenses, while the company anticipates accelerating tractor purchases in Q4 2026 to further reduce fleet age amid tightening industry capacity.