Inferra AI / Company / UNP
Union Pacific Corporation
UNP · Industrials
Last earnings Oct 22, 2026
Important announcements
Key results
EPSquarter
$3.01
htm EX-99.1 Document Exhibit 99.1 Union Pacific Reports Third Quarter 2025 Results Diluted earnings per share (EPS) of $3.01 and adjusted diluted EPS* of $3.08 Operating ratio (OR) of 59.2% and adjusted OR* of 58.5% Operating revenue increased 3% Omaha, Neb.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Adjusted EPSquarter
$3.08
htm EX-99.1 Document Exhibit 99.1 Union Pacific Reports Third Quarter 2025 Results Diluted earnings per share (EPS) of $3.01 and adjusted diluted EPS* of $3.08 Operating ratio (OR) of 59.2% and adjusted OR* of 58.5% Operating revenue increased 3% Omaha, Neb.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Operating revenuequarter
3%
htm EX-99.1 Document Exhibit 99.1 Union Pacific Reports Third Quarter 2025 Results Diluted earnings per share (EPS) of $3.01 and adjusted diluted EPS* of $3.08 Operating ratio (OR) of 59.2% and adjusted OR* of 58.5% Operating revenue increased 3% Omaha, Neb.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Net incomequarter
$1.8 billion
, October 23, 2025 Union Pacific Corporation (NYSE UNP) today reported 2025 third quarter net income of $1.8 billion, or $3.01 per diluted share.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Fuel Surcharge Operating revenuequarter
$6.2 billion
2024 Financial Results Strong Operating Income Growth Driven by Increased Revenue and Operating Efficiency Best Ever Quarter Record for Freight Revenue excluding Fuel Surcharge Operating revenue of $6.2 billion grew 3% driven by solid core pricing gains, partially offset by lower fuel surcharge.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Freight revenuequarter
4%
Freight revenue excluding fuel surcharge grew 4%.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
31, 2024 Debt $ 31,807 $ 31,192 Net income 7,052 6,747 Debt net income 4.5 4.6 Adjusted debt adjusted EBITDA* Millions, except ratios for the trailing twelve months ended 1 Sep.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
AI analysis
Q3 2025 · reported Oct 23, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| EPS | $3.01 | — | — |
| Adjusted EPS | $3.08 | — | — |
| Operating revenue | 3% | — | — |
| Net income | $1.8 billion | — | — |
| Fuel Surcharge Operating revenue | $6.2 billion | — | — |
| Freight revenue | 4% | — | — |
Guidance · company-stated
No guidance located in the held release
“-more- 2026 Outlook - On Track with Investor Day Targets Affirmed Meeting increased customer demand with strong service mixed economic forecast.”
Capital allocation
-more- On Track With Investor Day Targets 2025 Outlook Meeting customer demand with strong service challenging international intermodal comparison Pricing dollars accretive to operating ratio Earnings per share growth consistent with attaining the 3-year CAGR target of high-single to low-double digit Industry-leading operating ratio and return on invested capital Continued strong cash generation Capital allocation - Capital plan of $3.4 billion - Third quarter 2025 dividend increase of 3% - Share repurchases paused for Norfolk Southern merger Third Quarter 2025 Earnings Conference Call Union Pacific will webcast its third quarter 2025 earnings release presentation live at www.
Event summary
Results include merger costs of $41 million, or $0.07 per diluted share
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
-more- On Track With Investor Day Targets 2025 Outlook Meeting customer demand with strong service challenging international intermodal comparison Pricing dollars accretive to operating ratio Earnings per share growth consistent with attaining the 3-year CAGR target of high-single to low-double digit Industry-leading operating ratio and return on invested capital Continued strong cash generation Capital allocation - Capital plan of $3.4 billion - Third quarter 2025 dividend increase of 3% - Share repurchases paused for Norfolk Southern merger Third Quarter 2025 Earnings Conference Call Union Pacific will webcast its third quarter 2025 earnings release presentation live at www.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
** Free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
8 UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES Non-GAAP Measures Reconciliation to GAAP (unaudited) Debt net income Millions, except ratios for the trailing twelve months ended 1 Sep.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
31, 2024 Debt $ 31,807 $ 31,192 Net income 7,052 6,747 Debt net income 4.5 4.6 Adjusted debt adjusted EBITDA* Millions, except ratios for the trailing twelve months ended 1 Sep.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
31, 2024 Net income $ 7,052 $ 6,747 Add Income tax expense 1,987 2,047 Depreciation 2,447 2,398 Interest expense 1,296 1,269 EBITDA $ 12,782 $ 12,461 Adjustments Other income, net (365) (350) Interest on operating lease liabilities 2 42 48 Adjusted EBITDA (a) $ 12,459 $ 12,159 Debt $ 31,807 $ 31,192 Operating lease liabilities 1,041 1,271 Adjusted debt (b) $ 32,848 $ 32,463 Adjusted debt adjusted EBITDA (b a) 2.6 2.7 1 The trailing twelve months income statement information ended September 30, 2025, is recalculated by taking the twelve months ended December 31, 2024, subtracting the nine months ended September 30, 2024, and adding the nine months ended September 30, 2025.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
2 Represents the hypothetical interest expense we would incur (using the incremental borrowing rate) if the property under our operating leases were owned or accounted for as finance leases.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Strategy & priorities
Our third quarter results serve as a proof point that we are successfully executing on our strategy said Jim Vena, Union Pacific Chief Executive Officer.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
government, including 18 that are currently on the Superfund National Priorities List.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
Norfolk Southern's management and Board of Directors will continue to manage Norfolk Southern until the first effective time, pursuing its independent business plans and growth strategies.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
Risks & headwinds
These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause Union Pacific s, Norfolk Southern s or the combined company s actual results, levels of activity, performance, or achievements or those of the railroad industry to be materially different from those expressed or implied by any forward-looking statements.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
While Union Pacific and Norfolk Southern have based these forward-looking statements on those expectations, assumptions, estimates, beliefs and projections they view as reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Union Pacific s, Norfolk Southern s or the combined company s control, including but not limited to, in addition to factors disclosed in Union Pacific s and Norfolk Southern s respective filings with the U.
SEC original ↗Union Pacific Corporation — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Legal Proceedings 34 Item 1A.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
Asserted and unasserted claims Various claims and lawsuits are pending against us and certain of our subsidiaries.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
We currently do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
The outcome of this litigation is inherently uncertain, and we cannot reasonably estimate any loss or range of loss that may arise from this matter.
SEC original ↗Union Pacific Corporation — 10-Q Quarterly report10-QOct 22, 2026
Earnings deck slides
0 decks with slide viewUnion Pacific Corporation — 2026 Q3 Presentation (Q3 2026) — Slide view unavailable — the original PDF could not be retrieved for segmentation (HTTP Error 403: Forbidden).
Union Pacific Corporation — 2026 Q2 Presentation (Q2 2026) — Slide view unavailable — the original PDF could not be retrieved for segmentation (HTTP Error 403: Forbidden).
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
64 documents- Q3 2026
- 8-KUNP
Oct 22, 2026
- 10-QUNP
- 8-KUNP
Oct 16, 2026
- Q2 2026
- 10-QUNP
- 8-KUNP
Jul 23, 2026
- Q1 2026
- 8-KUNP
May 18, 2026
- 10-QUNP
- 8-KUNP
Apr 23, 2026
- Q4 2025
- 10-KUNP
- 8-KUNP
Jan 27, 2026
- Q3 2025
- 8-KUNP
Dec 19, 2025
- 8-KUNP
Dec 12, 2025
- 8-KUNP
Nov 17, 2025
- 8-KUNP
- 10-QUNP
- 8-KUNP
Oct 23, 2025
- Q2 2025
- 8-KUNP
Sep 10, 2025
- 8-KUNP
Jul 29, 2025
- 8-KUNP
Jul 29, 2025
- 10-QUNP
- 8-KUNP
Jul 24, 2025
- 8-KUNP
Jul 24, 2025
- Q1 2025
- 8-KUNP
- 8-KUNP
- 10-QUNP
- 8-KUNP
Apr 24, 2025
- Q4 2024
- 8-KUNP
Feb 18, 2025
- 8-KUNP
Feb 13, 2025
- 10-KUNP
- 8-KUNP
Jan 23, 2025
- Q3 2024
- 10-QUNP
- 8-KUNP
Oct 24, 2024
- Q2 2024
- 8-KUNP
Sep 19, 2024
- 8-KUNP
Jul 25, 2024
- 10-QUNP
- Q1 2024
- 8-KUNP
May 10, 2024
- 8-KUNP
Apr 25, 2024
- 10-QUNP
- Q4 2023
- 10-KUNP
- 8-KUNP
Jan 25, 2024
- Q3 2023
- 8-KUNP
Dec 14, 2023
- EX-99UNP
Dec 14, 2023
- 8-KUNP
Oct 19, 2023
- 10-QUNP
- Q2 2023
- 8-KUNP
Sep 29, 2023
- 8-KUNP
Aug 11, 2023
- 8-KUNP
Jul 26, 2023
- 10-QUNP
- 8-KUNP
Jul 26, 2023
- EX-99UNP
Jul 26, 2023
- EX-99UNP
Jul 26, 2023
- Q1 2023
- 8-KUNP
Jun 13, 2023
- 8-KUNP
May 19, 2023
- 8-KUNP
Apr 20, 2023
- 10-QUNP
- Q4 2022
- 8-KUNP
Feb 27, 2023
- EX-99UNP
Feb 27, 2023
- 8-KUNP
Feb 21, 2023
- 10-KUNP
Feb 10, 2023
- 8-KUNP
Jan 24, 2023
- Q3 2022
- 8-KUNP
Oct 20, 2022
- 10-QUNP
- Q2 2022
- 8-KUNP
- 10-QUNP
Earnings releases
26 documents- Q3 2026
- EX-99UNP
- EX-99UNP
- Q2 2026
- EX-99UNP
- Q1 2026
- EX-99UNP
- Q4 2025
- EX-99UNP
- Q3 2025
- EX-99UNP
- EX-99UNP
- EX-99UNP
- EX-99UNP
- EX-99UNP
- Q2 2025
- EX-99UNP
- EX-99UNP
- EX-99UNP
- EX-99UNP
- Q1 2025
- EX-99UNP
- EX-99UNP
- Q4 2024
- EX-99UNP
- Q3 2024
- EX-99UNP
- Q2 2024
- EX-99UNP
- Q1 2024
- EX-99UNP
- Q4 2023
- EX-99UNP
- Q3 2023
- EX-99UNP
- Q2 2023
- EX-99UNP
- Q1 2023
- EX-99UNP
- Q4 2022
- EX-99UNP
- Q3 2022
- EX-99UNP
Presentations
2 documents
Transcripts
0 documentsNo transcripts for Union Pacific Corporation are held in this edition of the library.
Mentioned by
13 companiesOther tracked companies whose held documents mention Union Pacific Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.
“…terminate the definitive merger agreement between Union Pacific and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceed”
“…terminate the definitive merger agreement between Union Pacific and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceed”
Space Exploration Technologies Corp. (SPCX)
“een the Company and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceedings may… …69,698 3 UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES Condensed C”
“een the Company and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceedings may… …GAAP. 3 UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES Condensed Co”
“the U.S. Surface Transportation Board's (the "STB") review of the proposed merger between Union Pacific Corporation ("UP") and Norfolk Southern Corporation ("NS") of $14 million. For… …as "financial expectations", "key assumptions", "anticipate", "be”
Monolithic Power Systems (MPWR)
“Topic 832 beyond disclosure-only requirements… … access agreement between the Company and Union Pacific Corporation In connection with the proposed merger between UP and Norfolk Southern Corporation (NS) (the Applicants), on July 22, 2026, the Compan”
“een the Company and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceedings… … Net income $ 1,993 $ 1,876 6 % $ 3,694 $ 3,502 5 % Share and per share Ear”
“…applicable securities laws. In the event CN or Union Pacific do update any forward-looking statement, no inference should be made that they will make additional updates with respect to that statement, relate”
“…Company effective July 1, 2026. To support continuity and the successful closing of the Union Pacific merger, and following his retirement, Orr will continue as a special advisor to the Chair of the Board through…”
“ection with the U.S. Surface Transportation Board's review of the proposed merger between Union Pacific Corporation and Norfolk Southern Corporation of $13 million . For the three months… …as "financial expectations", "key assumptions", "anticipate",”
“een the Company and Norfolk Southern providing for the acquisition of Norfolk Southern by Union Pacific (the “Transaction”); the risk that potential legal proceedings may… …69,698 3 UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES Condensed C”
Hycroft Mining Holding Corp (HYMC)
“croft Claims Hycroft Patented Claims Hycroft 50% Owned Claims Jungo Road (NV State Rt-49) Union Pacific Rail Line (active) ■ …”
Canadian Pacific Kansas City (CP)
“the U.S. Surface Transportation Board's (the "STB") review of the proposed merger between Union Pacific Corporation ("UP") and Norfolk Southern Corporation ("NS") of $17 million. For… …as "financial expectations", "key assumptions", "anticipate", "be”
See also the earnings calendar for every tracked company’s next earnings date.