Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 48

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 464,146 
         
 COMMITMENTS AND CONTINGENCIES (Note L)           
         
 STOCKHOLDERS' EQUITY         
 Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued   -   - 
 Common stock, $.01 par value, 100,000,000 shares authorized; 22,377,606 and 22,364,120 shares issued; 20,926,020 and 21,782,534 shares outstanding at June 30, 2025 and December 31, 2024, respectively   224   224 
 Additional paid-in capital   41,274   41,171 
 Treasury stock, at cost; 1,451,586 and 581,586 shares at June 30, 2025 and December 31, 2024, respectively   (28,924)  (13,996)
 Retained earnings   232,340   250,109 
 Total stockholders’ equity   244,914   277,508 
         
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $707,867  $741,654 

      See notes to condensed consolidated financial statements. 

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      Table of Contents

      PAMT CORP AND SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited) (in thousands, except per share data) 

      Three Months Ended  June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 OPERATING REVENUES:                 
 Revenue, before fuel surcharge  $133,806  $160,213  $270,506  $321,182 
 Fuel surcharge   17,328   22,735   35,969   44,358 
 Total operating revenues   151,134   182,948   306,475   365,540 
                 
 OPERATING EXPENSES AND COSTS:                 
 Salaries, wages and benefits   40,851   43,759   81,665   87,822 
 Operating supplies and expenses   29,028   35,309   60,413   70,020 
 Rent and purchased transportation