secwatch.observer — SEC 8-K summary
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Issuer:     UNION PACIFIC CORP (UNP)
CIK:        0000100885
Form:       8-K
Filed at:   2026-10-22T11:46:52+00:00
Accession:  0000100885-26-000319
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000319/0000100885-26-000319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100885/000010088526000319/unp-20261022.htm
  HTML page:      https://secwatch.observer/filing/0000100885-26-000319

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