Covenant Logistics Group Q1 2025: Assets $2.29B, Liabilities $584M

Ticker: CVLG · Form: 10-Q · Filed: 2025-05-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, logistics

TL;DR

Covenant Logistics Q1: Assets $2.29B, Liabilities $584M, Net Income $0.01/share. Solid.

AI Summary

Covenant Logistics Group, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported total assets of $2.288 billion and total liabilities of $584 million for the first quarter of 2025. They also reported net income of $0.01 per share, with 40,000,000 shares outstanding.

Why It Matters

This filing provides a snapshot of Covenant Logistics Group's financial health at the end of Q1 2025, indicating their asset base and debt levels.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

$2.29B — Total Assets (Represents the company's total resources as of March 31, 2025.)
$584M — Total Liabilities (Indicates the company's total obligations as of March 31, 2025.)
$0.01 — Net Income per Share (Shows the company's profitability on a per-share basis for the period.)
40,000,000 — Shares Outstanding (The total number of shares held by shareholders.)
20250331 — Reporting Period End (The end date for the financial data presented in the report.)

Key Players & Entities

COVENANT LOGISTICS GROUP, INC. (company) — Filer
20250331 (date) — Reporting Period End Date
20250507 (date) — Filing Date
$2,288,000,000 (dollar_amount) — Total Assets
$584,000,000 (dollar_amount) — Total Liabilities
$0.01 (dollar_amount) — Net Income per Share
40,000,000 (dollar_amount) — Shares Outstanding

FAQ

What were Covenant Logistics Group's total assets as of March 31, 2025?

Total assets were $2,288,000,000 as of March 31, 2025.

What were the company's total liabilities for the first quarter of 2025?

Total liabilities were $584,000,000 for the period ending March 31, 2025.

What was the net income per share reported for the period?

The net income per share was $0.01.

How many shares of common stock were outstanding?

There were 40,000,000 shares outstanding.

What is the company's fiscal year end?

The company's fiscal year ends on December 31.

From the Filing

0001437749-25-015059.txt : 20250507 0001437749-25-015059.hdr.sgml : 20250507 20250507143210 ACCESSION NUMBER: 0001437749-25-015059 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COVENANT LOGISTICS GROUP, INC. CENTRAL INDEX KEY: 0000928658 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] ORGANIZATION NAME: 01 Energy & Transportation EIN: 880320154 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-42192 FILM NUMBER: 25920748 BUSINESS ADDRESS: STREET 1: 400 BIRMINGHAM HIGHWAY CITY: CHATTANOOGA STATE: TN ZIP: 37419 BUSINESS PHONE: 4238211212 MAIL ADDRESS: STREET 1: 400 BIRMINGHAM HIGHWAY CITY: CHATTANOOGA STATE: TN ZIP: 37419 FORMER COMPANY: FORMER CONFORMED NAME: COVENANT TRANSPORTATION GROUP INC DATE OF NAME CHANGE: 20070522 FORMER COMPANY: FORMER CONFORMED NAME: COVENANT TRANSPORT INC DATE OF NAME CHANGE: 19940818 10-Q 1 cvti20250331_10q.htm FORM 10-Q cvti20250331_10q.htm 0000928658 COVENANT LOGISTICS GROUP, INC. false --12-31 Q1 2025 2,288 2,360 584 593 0.01 0.01 40,000,000 40,000,000 21,855,878 21,855,878 21,774,350 21,774,350 0.01 0.01 5,000,000 5,000,000 4,700,000 4,700,000 4,700,000 4,700,000 67 126 21 35 260 0.07 0.055 5 7 10 2 3 4 21 5.1 5.4 6.1 6.3 0.75 0 no 4.5 4.2 http://fasb.org/us-gaap/2025#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2025#PropertyPlantAndEquipmentNet 1 0 2.4 2 false false false false Total may not sum due to rounding. Excludes the three months ended March 31, 2025. The chief operating decision maker does not receive fuel surcharge revenue and fuel expense individually, but is provided with fuel expense less fuel surcharge revenue (other than the fuel surcharge revenue we reimburse to independent contractors and other third parties which is included in purchased transportation), which we refer to as net fuel expense. The chief operating decision maker uses net fuel expense to measure the effectiveness of our fuel surcharge program. Other operating loss is attributable to unallocated corporate expenses. 0000928658 2025-01-01 2025-03-31 xbrli:shares 0000928658 us-gaap:CommonClassAMember 2025-05-05 0000928658 us-gaap:CommonClassBMember 2025-05-05 thunderdome:item iso4217:USD 0000928658 2025-03-31 0000928658 2024-12-31 iso4217:USD xbrli:shares 0000928658 us-gaap:CommonClassAMember 2025-03-31 0000928658 us-gaap:CommonClassAMember 2024-12-31 0000928658 us-gaap:CommonClassBMember 2025-03-31 0000928658 us-gaap:CommonClassBMember 2024-12-31 0000928658 us-gaap:CargoAndFreightMember 2025-01-01 2025-03-31 0000928658 us-gaap:CargoAndFreightMember 2024-01-01 2024-03-31 0000928658 cvti:FuelSurchargeMember 2025-01-01 2025-03-31 0000928658 cvti:FuelSurchargeMember 2024-01-01 2024-03-31 0000928658 2024-01-01 2024-03-31 0000928658 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2024-12-31 0000928658 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2024-12-31 0000928658 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000928658 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000928658 us-gaap:RetainedEarningsMember 2024-12-31 0000928658 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000928658 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000928658 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000928658 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000928658 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000928658 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-03-31 0000928658 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-03-31 0000928658 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000928658 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000928658 us-gaap:RetainedEarningsMember 2025-03-31 0000928658 us-gaap:Commo