secwatch.observer — SEC 8-K summary
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Issuer:     UNION PACIFIC CORP (UNP)
CIK:        0000100885
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0000100885-26-000154
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Pacific Q1 adjusted EPS $2.93 vs $2.70 YoY; revenue up 3% to $6.2B
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- Reported net income $1.7B, diluted EPS $2.87; adjusted EPS $2.93 vs $2.70 in Q1 2025.
- Operating revenue $6.2B (+3%), freight revenue +4% on core pricing gains; carloads down 1%.
- Operating ratio improved to 60.5% (adj. 59.9%); best-ever Q1 for train length and workforce productivity.
- Reaffirms 2026 outlook: mid-single digit EPS growth, capital plan $3.3B, consistent annual dividend increases.
- Merger costs of $36M ($0.06 per share) related to transcontinental railroad regulatory process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000154/0000100885-26-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000154/unp-20260423.htm
  HTML page:      https://secwatch.observer/filing/0000100885-26-000154

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