Union Pacific Q2 EPS $3.15 vs $2.74 YoY; revenue $6.2B up 2%

UNION PACIFIC CORP

2025-Q2 EPS reported $5.85 revenue$12,181,000,000

Diluted EPS of $3.15 (GAAP); adjusted EPS $3.03; net income $1.9B vs $1.7B YoY.
Operating ratio improved 100 bps to 59.0%; adjusted OR 58.1% (230 bps improvement).
Revenue $6.2B (+2%); freight revenue ex-fuel surcharge up 6%; carloads up 4%.
Freight car velocity +10%, locomotive productivity +5%, workforce productivity +9%.
Record freight revenue and operating income for any second quarter.

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