Union Pacific Corp reported second-quarter 2026 results with revenue of $6.86B and diluted EPS of $3.36, each up versus the prior-year quarter, driven by freight revenue growth, improved operational metrics and pricing gains.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$6.86B$6.15B11.5% | Net income²$1.99B$1.88B6.2% | Diluted EPS³$3.36$3.156.7% |
¹ Reported as “Total operating revenues”. ² Reported as “Net income”. ³ Reported as “Earnings per share - diluted”.
Business Highlights
- Revenue growth was driven by freight revenues up 12% in the quarter and 8% year-to-date, supported by fuel surcharges, 2% carload growth and core pricing gains.
- Channel mix shifted with strong domestic intermodal growth (domestic intermodal up 19% in the quarter) offsetting declines in international intermodal and coal.
- Operational efficiency improved: freight car velocity rose 5%, terminal dwell declined 7% and workforce productivity improved 5%.
- Service and capacity metrics held steady with SPI at 95% for both intermodal and manifest; train length and locomotive productivity increased to support higher volumes.
- Capital plan of $3.3B for 2026 focused on infrastructure, terminals, locomotives and intermodal ramp expansions.
Original SEC Filing:
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