J.B. Hunt Q3 Earnings Surpass Estimates, Improve Year Over Year

Core Insights - J.B. Hunt Transport Services, Inc. (JBHT) reported Q3 2025 earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.47 and reflecting an 18.1% year-over-year increase [1][11] Financial Performance - Total operating revenues reached $3.05 billion, surpassing the Zacks Consensus Estimate of $3.02 billion, but decreased by 0.5% year over year [2][11] - Operating income increased by 8% to $242.7 million, driven by structural cost removal, improved productivity, and lower transportation costs [3][11] Segmental Highlights - Intermodal division revenues were $1.52 billion, down 2% year over year, with a 1% decrease in volume and gross revenue per load [4][5] - Dedicated Contract Services segment revenues grew 2% year over year to $864 million, supported by a 3% improvement in productivity [6][7] - Integrated Capacity Solutions revenues decreased by 1% year over year to $276 million, with an 8% decline in volume but a 9% increase in revenue per load [8][9] - Truckload revenues increased by 10% year over year to $190 million, driven by a 14% increase in load volume [10][11] - Final Mile Services revenues fell 5% year over year to $206 million, attributed to softness in demand and changes in business mix [12][13] Liquidity and Share Buyback - At the end of Q3 2025, JBHT had cash and cash equivalents of $52.3 million and long-term debt of $902.2 million [14] - The company repurchased nearly 1.6 million shares for $230 million during the quarter, with approximately $107 million remaining under its share repurchase authorization [14]