---
schema_version: "secwatch.filing_event.v1"
accession: "0000100885-26-000319"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2026-10-22T11:46:52+00:00"
generated_at: "2026-10-22T11:50:08.184084+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Q3 2026 EPS $3.49 (+16%), revenue $7.2B (+15%), operating ratio 59.1%

## Summary
- Net income $2.1B, up 16%; diluted EPS $3.49 vs $3.01; adjusted diluted EPS $3.53 vs $3.08, up 15%.
- Record operating revenue $7.2B, +15%, on 6% carload growth, fuel surcharge, core pricing and other revenue; freight revenue ex-fuel surcharge +6%.
- Reported operating ratio 59.1%, adjusted operating ratio 58.8%; higher fuel prices unfavorably impacted OR by 140 bps.
- Freight car velocity 228 daily miles/car (+1%); terminal dwell 19.9 hours (2% better); workforce productivity 1,219 car miles/employee (+5%).
- Reaffirms high-single-digit 2026 EPS growth, pricing above inflation and $3.5B capital plan; cites upcoming Surface Transportation Board merger review.

## SEC filing metadata
- accession: 0000100885-26-000319
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2026-10-22T11:46:52+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000010088526000319/0000100885-26-000319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000010088526000319/unp-20261022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000100885-26-000319
- JSON: https://secwatch.observer/filing/0000100885-26-000319.json
- Plain text: https://secwatch.observer/filing/0000100885-26-000319.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.