TONTITOWN: PAMT Corp (NASDAQ: PAMT) announced a consolidated net loss of $9.6 million for the second quarter ended June 30, 2025, significantly wider than the $2.9 million loss reported in the same period last year.
The company reported a diluted and basic loss per share of $0.46, compared to a loss per share of $0.13 in the second quarter of 2024.
Operating revenues fell 17.4 percent year-over-year to $151.1 million, down from $182.9 million in the second quarter of 2024. The company recorded an operating loss of $11.1 million, resulting in an operating ratio of 107.3 percent.
As of June 30, 2025, PAMT Corp maintained total liquidity, including cash, marketable equity securities, and available credit, of $177.1 million. Stockholders’ equity stood at $244.9 million. Outstanding debt increased by $5.7 million since December 31, 2024, reaching $331.2 million. The company generated $17.2 million in operating cash flow during the first half of 2025.
PAMT Corp is a holding company whose subsidiaries provide truckload dry van carrier services for general commodities throughout the continental United States, Ontario, and Quebec. Its operations also include transportation services into Mexico via gateways in Laredo and El Paso, Texas, utilizing agreements with Mexican carriers.