| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.2K | 3.1% |
| Total Income | 6.2K | 3.1% |
| Expenditure | 3.8K | 2.8% |
| PBT | 2.2K | 4.8% |
| Net Profit | 1.7K | 4.6% |
| OPM | 39.54% | 0.20pp |
| NPM | 27.36% | 0.38pp |
| EPS | 2.87 | 5.9% |
Union Pacific Reports Q1 2026 EPS $2.87, Adj. EPS $2.93
23 Apr 2026 · 23 Apr, 5:16 pm
Summary
Union Pacific reported a net income of $1.7 billion, or $2.87 per diluted share, for the first quarter of 2026. Adjusted net income was $1.7 billion, or $2.93 per diluted share. Operating revenue increased by 3% to $6.2 billion, driven by pricing and fuel surcharge revenue. The company's operating ratio improved to 60.5%, and freight car velocity and terminal dwell times also showed improvements.
Key Highlights
- 1
Union Pacific reported first quarter 2026 net income of $1.7 billion, or $2.87 per diluted share.
- 2
Adjusted first quarter net income was also $1.7 billion, or $2.93 per diluted share.
- 3
Operating revenue grew 3% to $6.2 billion, driven by core pricing gains and fuel surcharge revenue.
- 4
Freight revenue increased 4% compared to the first quarter of 2025.
- 5
The reported operating ratio improved by 20 basis points to 60.5%.
- 6
Freight car velocity increased 9% to 235 daily miles per car.
- 7
Average terminal dwell improved 11% to 19.7 hours.
Management Comments
Jim Vena
"Our safety, service, and operating momentum continued in the first quarter as we further challenged 'what's possible' from our great railroad," said Jim Vena, Union Pacific Chief Executive Officer. "We grew reported net income 5%, increased earnings per share 6%, and improved our operating ratio. As we advance through the regulatory process to create America’s first transcontinental railroad, we have a solid foundation for another year of industry-leading results."
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