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J.B. Hunt Transport Services 8-K Report, Financial Results (Apr 15, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 15, 2026
Period End
April 15, 2026
Security
JBHT
In the record · 2016–202610-K1110-Q348-K102

JBHT filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 102 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’18Sep ’18
  2. Leadership change8-K · Jan ’21Jan ’21
  3. Leadership change8-K · Feb ’23Feb ’23
  4. Material agreement8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed April 15, 2026. Cited figures are marked; the original filing is the authoritative source.

J.B.

Hunt Transport Services, Inc. (NASDAQ: JBHT) reported first quarter 2026 U.S. GAAP results under Item 2.02 of this Form 8-K, furnishing a news release dated April 15, 2026. Total operating revenue was $3.06 billiona, up 5% from $2.92 billion in the first quarter of 2025. Revenue excluding fuel surcharge revenue increased 3%.

Operating income rose 16% to $207.0 millionb, and net earnings were $141.6 million, or $1.49 per diluted share, compared with $117.7 million, or $1.17 per diluted share, a year earlier. Management attributed the improvement to higher revenue, cost-elimination efforts and improved productivity, partially offset by higher purchased transportation expense, particularly in Integrated Capacity Solutions (ICS) and Truckload (JBT). Intermodal (JBI) was the largest contributor, with segment operating income of $114.5 million, up 21%, on a 3% increase in volume.

Dedicated Contract Services (DCS) operating income rose 9% to $87.4 millionc. ICS revenue grew 20% to $323 million, but it posted an operating loss of $(4.7) million, compared with $(2.7) million a year earlier, as gross profit margin fell to 12.0% from 15.3%. Final Mile Services (FMS) and JBT both improved operating income, with FMS up 53% to $7.2 million and JBT up 33% to $2.7 million.

On the balance sheet, total debt outstanding was $1.30 billiond at March 31, 2026, down from $1.47 billion at December 31, 2025. Net capital expenditures were $70.7 million, compared with $225.0 million in the first quarter of 2025.

The company purchased approximately 383,000 shares for about $80 million in the quarter and had approximately $888 million remaining under its share repurchase authorization. Management reiterated its expectation that the 2026 annual effective tax rate will be between 24.0% and 25.0%.

02—Key points

Key Highlights

  1. Total operating revenue rose 5% to $3.06 billion; excluding fuel surcharge revenue, it increased 3%.
  2. Operating income increased 16% to $207.0 million, and net earnings were $141.6 million versus $117.7 million a year earlier.
  3. Diluted EPS was $1.49, up 27% from $1.17 in the first quarter of 2025.
  4. Intermodal operating income rose 21% to $114.5 million on a 3% increase in volume, with the company reporting its highest first-quarter volume in its history.
  5. ICS revenue grew 20% to $323 million, but the segment swung to an operating loss of $(4.7) million as gross profit margin declined to 12.0% from 15.3% due to higher purchased transportation expense.
  6. Total debt outstanding fell to $1.30 billion from $1.47 billion at year-end 2025, and net capital expenditures decreased to $70.7 million from $225.0 million.
  7. The company repurchased about 383,000 shares for approximately $80 million and had about $888 million remaining under its repurchase authorization.

03—Questions

Frequently Asked Questions

  1. How did J.B. Hunt perform financially in the first quarter of 2026?

    Total operating revenue was $3.06 billion, up 5%, and operating income increased 16% to $207.0 million. Net earnings were $141.6 million, or $1.49 per diluted share, compared with $117.7 million, or $1.17 per diluted share, in the first quarter of 2025.

  2. Which segments drove the results, and which underperformed?

    Intermodal drove much of the improvement, with operating income up 21% to $114.5 million, and DCS operating income rose 9% to $87.4 million. FMS and JBT both improved operating income. ICS was the weak spot, with revenue up 20% but an operating loss of $(4.7) million, as gross profit margin fell to 12.0% from 15.3% on higher purchased transportation expense.

  3. How did the company's effective tax rate and tax outlook change?

    The effective income tax rate decreased to 25.2% in the first quarter of 2026 from 26.5% in the prior-year quarter, due to discrete tax items. Management continues to expect the 2026 annual tax rate to be between 24.0% and 25.0%.

  4. What did the company do with its capital and shareholder returns?

    Net capital expenditures were $70.7 million, compared with $225.0 million in the first quarter of 2025. The company purchased approximately 383,000 shares for about $80 million, leaving approximately $888 million under its share repurchase authorization. Shares outstanding at March 31, 2026 were approximately 94.3 million.

  5. What is the company's debt and liquidity position?

    Total debt outstanding was $1.30 billion at March 31, 2026, down from $1.47 billion at December 31, 2025. Cash and cash equivalents were $4.6 million at quarter-end, and net cash provided by operating activities was $353.0 million for the quarter, compared with $404.2 million in the prior-year quarter.

04—Continue

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