PAMT Stock Price, News & Analysis
Company Description
PAMT CORP (NASDAQ: PAMT) is a holding company in the trucking industry whose subsidiaries are engaged in providing truckload dry van carrier services. According to the company’s public disclosures, these services focus on transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The company also reports that its consolidated operating subsidiaries provide transportation services in Mexico through gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers.
PAMT CORP is classified in the Industrials sector and the Trucking industry. The company describes itself as having one reportable segment, being a motor carrier business that uses truckload dry van equipment to move freight. Its operations include both truckload activities and logistics operations, as reflected in the financial and operating statistics the company publishes with its quarterly and annual results.
Business model and operations
Based on the company’s descriptions in its earnings releases, PAMT CORP’s business is centered on truckload transportation of general commodities. Its subsidiaries operate truckload dry van carrier services, and the company discloses operating metrics such as total miles, revenue per mile before fuel surcharge, empty miles factor, total loads, and revenue per truck per workday and per week. These disclosures indicate that the company closely tracks utilization of its truck fleet and owner-operator trucks, as well as the performance of its logistics operations.
The company reports financial and operating data separately for Truckload Operations and Logistics Operations. For truckload operations, it provides information such as total miles (excluding miles driven by third party power-only carriers), operating ratio calculated on revenue before fuel surcharge, and average company-driver and owner-operator trucks. For logistics operations, it discloses total revenue and operating ratio. These details show that PAMT CORP evaluates its performance by segmenting asset-based truckload activities and logistics-related services within its overall motor carrier segment.
Geographic reach
PAMT CORP states that its subsidiaries transport general commodities throughout the continental United States and in the Canadian provinces of Ontario and Quebec. In addition, the company explains that its consolidated operating subsidiaries provide transportation services in Mexico through gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers. This structure allows the company to participate in cross-border freight movements among the U.S., Canada, and Mexico while relying on contractual arrangements with Mexican carriers for the Mexican portion of the service.
Financial reporting and key metrics
PAMT CORP regularly issues earnings releases for its quarters and full year, and files related reports with the U.S. Securities and Exchange Commission. In these releases, the company presents operating revenue broken out between revenue before fuel surcharge and fuel surcharge, operating expenses and costs by category, operating (loss) or income, interest expense, non-operating income, and net (loss) or income. It also discloses balance sheet information such as total assets, total liabilities, and stockholders’ equity, as well as the composition of current assets and current liabilities.
The company reports operating ratio for its truckload operations and logistics operations. For truckload operations, PAMT CORP explains that the operating ratio is calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue before fuel surcharge. The company states that it uses revenue before fuel surcharge and operating expenses net of fuel surcharge because eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing results of operations from period to period. This indicates that management focuses on underlying operating efficiency apart from fuel surcharge fluctuations.
In some of its disclosures, PAMT CORP also presents non-GAAP financial measures such as adjusted operating (loss) income, adjusted operating ratio, adjusted net (loss) income, and adjusted diluted (loss) earnings per share. The company defines these measures as GAAP results excluding certain significant items, such as depreciation and impairment charges, and any related tax impact. PAMT CORP states that management believes these adjusted measures more clearly reflect current operating results and may help in comparing its performance over time.
Capital structure and liquidity
In its earnings releases, PAMT CORP provides information about its liquidity, capitalization, and cash flow. The company discloses aggregate amounts of cash, marketable equity securities, and available liquidity under its line of credit, as well as outstanding debt and stockholders’ equity. It also notes changes in outstanding debt over time and comments on factors such as additions of revenue equipment that affect debt levels. The company reports operating cash flow generated or used during the periods covered by its quarterly and annual results.
PAMT CORP has also described share repurchase activity through a modified “Dutch auction” tender offer to repurchase a portion of its outstanding common stock. The company announced the commencement of a self tender offer to purchase up to a specified number of shares within a price range, later increased the minimum purchase price, and subsequently announced preliminary and final results of the offer. In its announcements, PAMT CORP explained that the tender offer would be funded from available cash and cash equivalents and possibly borrowings under its existing line of credit, and that its board of directors determined it was in the company’s interest to repurchase shares at that time.
Regulatory reporting
PAMT CORP files reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K. For example, an 8-K filing dated October 31, 2025, states that on October 28, 2025, the company issued a news release announcing its financial results for the third quarter ended September 30, 2025, and that the news release was furnished as an exhibit. The company notes in that filing that the information in the report and exhibit is not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, and it refers readers to its Annual Report on Form 10-K and other SEC filings for information about risks, uncertainties, and other factors that may affect future results.
Corporate structure and segment information
PAMT CORP describes itself as a holding company that owns subsidiaries engaged in truckload dry van carrier services. The company’s primary operating subsidiary referenced in its news releases is P.A.M. Transport, Inc., which is identified as the company’s primary operating subsidiary in connection with executive background information. The company emphasizes that it has one reportable segment, being a motor carrier, and that its consolidated operating subsidiaries provide both truckload and logistics operations.
Within its truckload operations, PAMT CORP discloses metrics such as total miles, empty miles factor, revenue per total mile before fuel surcharge, total loads, revenue per truck per workday, revenue per truck per week, and average company-driver and owner-operator trucks. For logistics operations, the company reports total revenue and operating ratio. These disclosures provide insight into how the company monitors its operating performance and asset utilization.
Risk disclosures and forward-looking statements
In its news releases, PAMT CORP includes statements about risks and uncertainties associated with its business. The company notes that certain information may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and that such statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. It refers readers to risk factors and other information included in its filings with the Securities and Exchange Commission.
Stock information
PAMT CORP’s common stock trades on the NASDAQ under the ticker symbol PAMT. The company has disclosed information about its common stock, including share counts and tender offer activity, in its public announcements and financial statements. It has also reported treasury stock balances and additional paid-in capital as part of stockholders’ equity in its condensed consolidated balance sheets.