---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-090057"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:33:02.830211+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern Q1 adjusted EPS up 8% to $2.69; OR improves 200 bps to 67.9%

## Summary
- Adjusted diluted EPS $2.69, up $0.20 or 8% YoY; reported EPS $3.31 included $185M Eastern Ohio insurance benefit.
- Railway operating revenue $3.0B, down $11M YoY; adjusted revenue ex fuel surcharge $2.8B, up 2% on 1% volume growth.
- Adjusted operating ratio 67.9% vs 69.9% in Q1 2024; reported OR 61.7% vs 92.9%.
- Repurchased 1.0M shares for $250M in Q1; full-year guidance reiterated despite macro uncertainty.
- Net cash from operations $950M, up from $839M; dividends paid $306M, unchanged YoY.

## SEC filing metadata
- accession: 0001193125-25-090057
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000119312525090057/0001193125-25-090057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312525090057/d937673d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-090057
- JSON: https://secwatch.observer/filing/0001193125-25-090057.json
- Plain text: https://secwatch.observer/filing/0001193125-25-090057.txt

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