earnings
confidence high
sentiment positive
materiality 0.75
Union Pacific Q2 2026 EPS $3.36, revenue up 12%; raises EPS growth outlook to high-single digit
UNION PACIFIC CORP
- Net income $2.0B (+6% YoY); diluted EPS $3.36 (+7%); adjusted diluted EPS $3.41 (+13%).
- Operating revenue $6.9B (+12%); freight revenue ex-fuel surcharge +4%; operating ratio 59.7% (adjusted 59.2%).
- 2026 EPS growth outlook raised to high-single digit; reaffirms 3-year CAGR target of high-single to low-double digit through 2027.
- Workforce productivity +5% to 1,176 car miles/employee; freight car velocity +5% to 231 daily miles; terminal dwell improved 7%.
- Capital plan affirmed at $3.3B; consistent annual dividend increases; pricing dollars exceed inflation dollars.