Norfolk Southern reports preliminary Q1 GAAP loss; revenue down 4%; $600M East Palestine settlement

NORFOLK SOUTHERN CORP

2024-Q1 EPS reported $0.23 revenue$3,004,000,000

Preliminary GAAP diluted EPS $0.23; adjusted EPS $2.49; operating ratio 92.9% GAAP vs 69.9% adjusted.
Railway operating revenues $3,004M, down 4% YoY despite 4% volume growth due to RPU headwinds.
Recorded $600M charge for agreement in principle to settle East Palestine class action; $691M total special items.
Reaffirms FY 2024 adjusted operating ratio improvement of 100-150 bps; targets 400+ bps improvement in H2.
Expects $50-100M revenue impact in Q2 from Baltimore bridge collapse; operational improvements noted.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORFOLK SOUTHERN CORP reported first quarter 2024 results: revenue $3,004 million, EPS $0.23. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $3,004 million
EPS: $0.23
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

(NYSE: NSC) announced Tuesday preliminary first quarter 2024 financial results. Preliminary first quarter 2024 results GAAP Results Adjusted Results Railway operating revenues $ 3,004 million $ 3,004 million Railway operating expenses $ 2,791 million $ 2,100 million Income from railway operations $ 213 million $ 904 million Operating ratio 92.9 % 69.9 % Diluted

View on SEC.gov

321 earnings releases filed in the last 30 days. Browse all earnings releases →

NORFOLK SOUTHERN CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-090246

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.