NORFOLK SOUTHERN CORP reported results for the quarter ended 2026 with revenue of $3.47B, up 11.4% from $3.11B a year earlier, while net income was $734M, down (4.4%) and diluted EPS declined to $3.26 from $3.41 in the prior-year quarter — as disclosed in the company's 10-Q filing.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$3.47B$3.11B11.4% | Net income²$734M$768M(4.4%) | Diluted EPS³$3.26$3.41(4.4%) |
¹ Reported as “Railway operating revenues”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven by higher average revenue per unit and increased volumes; railway operating revenues rose 11% for the quarter and 6% year to date.
- Intermodal saw a strong channel shift, with intermodal revenue up 22% in the quarter and domestic intermodal volumes rising about 11%, reflecting heightened truck‑constrained demand.
- Chemicals and export coal led commodity gains (chemicals +18% Q2; export coal +25% Q2), supporting higher unit revenue.
- Fuel costs increased sharply, with fuel expense up 85% in the quarter and corresponding growth in fuel‑surcharge revenue.
- The company entered a Merger Agreement with Union Pacific to create a transcontinental network; integration-related costs are ongoing.
Original SEC Filing:
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