secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNION PACIFIC CORP (UNP)
CIK:        0000100885
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0000100885-26-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Pacific Q4 reported EPS $3.11; full year net income up 6%; 2026 EPS growth mid-single digit
--------------------------------------------------------------------------------

- Q4 reported net income $1.8B, EPS $3.11; adjusted EPS $2.86 vs $2.96 YoY. Revenue $6.1B down 1%.
- Full year net income $7.1B (+6%), EPS $11.98 (+8%); adjusted EPS $11.66 vs $11.11. Revenue $24.5B (+1%).
- Record full year operating metrics: freight car velocity +8%, terminal dwell -8%, train length +3%, workforce productivity +7%.
- 2026 outlook: muted economy; pricing dollars > inflation; mid-single digit EPS growth; capital plan $3.3B; dividend increases.
- Q4 results include $234M land sale gain (+$0.30 EPS) and $30M merger costs (-$0.05 EPS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000032/0000100885-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000032/unp-20260127.htm
  HTML page:      https://secwatch.observer/filing/0000100885-26-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer