Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 44

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 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 September 30, 2025 and December 31, 2024, respectively   224   224 
 Additional paid-in capital   41,459   41,171 
 Treasury stock, at cost; 1,451,586 and 581,586 shares at September 30, 2025 and December 31, 2024, respectively   (28,924)  (13,996)
 Retained earnings   226,753   250,109 
 Total stockholders’ equity   239,512   277,508 
         
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $715,247  $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  September 30,    Nine Months Ended  September 30,  
   2025    2024    2025    2024  
 OPERATING REVENUES:                 
 Revenue, before fuel surcharge  $132,948  $160,799  $403,455  $481,980 
 Fuel surcharge   17,316   21,778   53,285   66,136 
 Total operating revenues   150,264   182,577   456,740   548,116 
                 
 OPERATING EXPENSES AND COSTS:                 
 Salaries, wages and benefits   39,677   44,736   121,342   132,559 
 Operating supplies and expenses   29,115   34,982   89,529   105,002 
 Rent and purchased transportation   61,512   73