---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-167198"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:52:24.868466+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern Q2 EPS $3.41, announces $85B merger with Union Pacific

## Summary
- Revenue $3.1B (+2% YoY), diluted EPS $3.41 vs $3.25; adjusted EPS $3.29 (+8%).
- Shareholders to receive 1.0 UP share + $88.82 cash per NSC share; implied value ~$320/share.
- Full-year revenue growth guidance revised to 2-3%; adjusted OR improvement 100-150 bps.
- Productivity savings raised to $175M+; Q3 OR pressured due to weaker revenue early.
- Repurchased 1.9M shares in H1 2025 for $455M.

## SEC filing metadata
- accession: 0001193125-25-167198
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000119312525167198/0001193125-25-167198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312525167198/d17753d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-167198
- JSON: https://secwatch.observer/filing/0001193125-25-167198.json
- Plain text: https://secwatch.observer/filing/0001193125-25-167198.txt

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