Quarterly ResultOct 22, 2026, 01:16 PM
Norfolk Southern Q3 Net Income $759M; Nine-Month Income Down
AI Summary
Norfolk Southern Corporation reported its third-quarter and nine-month financial results for 2026. The company saw an increase in net income for the third quarter to $759 million ($3.37/share) from $711 million ($3.16/share) in the prior year, driven by higher railway operating revenues. However, for the first nine months, net income decreased to $2.04 billion ($9.06/share) from $2.23 billion ($9.88/share) in 2025. Merger-related expenses increased significantly. The company also disclosed ongoing legal proceedings related to the Eastern Ohio incident and the pending merger with Union Pacific.
Key Highlights
- Norfolk Southern reported Q3 2026 net income of $759 million, or $3.37 per diluted share, compared to $711 million, or $3.16 per diluted share, in Q3 2025.
- For the first nine months of 2026, net income was $2.04 billion, or $9.06 per diluted share, down from $2.23 billion, or $9.88 per diluted share, in the same period of 2025.
- Railway operating revenues increased to $3.53 billion in Q3 2026 from $3.10 billion in Q3 2025.
- Merger-related expenses were $42 million in Q3 2026, compared to $15 million in Q3 2025.
- Total assets grew to $45.95 billion as of September 30, 2026, from $45.24 billion as of December 31, 2025.
- Long-term debt decreased to $15.96 billion as of September 30, 2026, from $16.48 billion as of December 31, 2025.
- The company paid $304 million in dividends in Q3 2026.
Price Impact
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