---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-313393"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2026-07-23T12:20:13+00:00"
generated_at: "2026-07-23T12:25:08.742113+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern Q2 record revenue $3.5B; adj. EPS $3.52 (+7% YoY); raises expense guidance

## Summary
- Revenue $3.5B, record quarterly, up 11% YoY on 4% volume growth and higher fuel surcharges.
- GAAP diluted EPS $3.26, down 4% YoY; adjusted diluted EPS $3.52, up 7% YoY.
- Adjusted operating ratio 65.5%, 210 bps higher YoY; fuel expense headwind 110 bps.
- Updated 2026 adjusted operating expense guidance to $8.8-$8.9B due to higher fuel expense.
- Merger-related expenses $51M in Q2; no share repurchases in H1 2026.

## SEC filing metadata
- accession: 0001193125-26-313393
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2026-07-23T12:20:13+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/702165/000119312526313393/0001193125-26-313393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000119312526313393/nsc-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-313393
- JSON: https://secwatch.observer/filing/0001193125-26-313393.json
- Plain text: https://secwatch.observer/filing/0001193125-26-313393.txt

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