Earnings ·
Union Pacific reports Q3 diluted EPS of $3.49, up 16%, on record freight revenue
UNPUnion Pacific Corp
Union Pacific reported third-quarter net income of $2.1 billion and diluted earnings per share of $3.49, a 16% increase from the prior-year period. Operating revenue grew 15% to $7.2 billion, driven by 6% volume growth in revenue carloads, core pricing gains, and higher fuel surcharges. The reported operating ratio improved 10 basis points to 59.1%, while adjusted diluted EPS rose 15% to $3.53. The company affirmed its full-year outlook, citing strong service execution and meeting investor day targets despite high fuel prices impacting the operating ratio by 140 basis points. Union Pacific operates a Class I railroad network across 23 western U.S. states.