---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009378"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:33:35.310208+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Q1 2022 EPS $2.57, revenue up 17%, operating ratio improves to 59.4%

## Summary
- Diluted EPS of $2.57, net income $1.6B, up from $2.00 and $1.3B in Q1 2021.
- Operating revenue $5.9B (+17%), operating income $2.4B (+19%), operating ratio 59.4% (improved 70bps).
- Volume up 4% as measured by revenue carloads; pricing and fuel surcharge drove revenue growth.
- Repurchased 11.0 million shares for $2.8B during the quarter.
- Guidance: operating ratio targeted to start with '55'; capital spending affirmed at $3.3B.

## SEC filing metadata
- accession: 0001437749-22-009378
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774922009378/0001437749-22-009378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774922009378/unp20220324_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009378
- JSON: https://secwatch.observer/filing/0001437749-22-009378.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009378.txt

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