---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-090246"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:10:46.386130+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-090246
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000119312524090246/0001193125-24-090246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312524090246/d783293d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-090246
- JSON: https://secwatch.observer/filing/0001193125-24-090246.json
- Plain text: https://secwatch.observer/filing/0001193125-24-090246.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000119312524090246/0001193125-24-090246-index.htm

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