---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017481"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T09:47:06.356326+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Q2 EPS $2.93, revenue up 14% to $6.3B; operating ratio worsens to 60.2%

## Summary
- Net income $1.8B ($2.93 diluted EPS) vs $1.8B ($2.72); revenue $6.3B, up 14% YoY.
- Operating ratio 60.2%, deteriorating 510 bps; fuel prices impacted by 130 bps.
- Carloads down 1%; freight car velocity -12%, locomotive productivity -12%.
- Repurchased 3.1M shares for $722M in the quarter.
- Guidance: full year carload growth 4-5%, operating ratio ~58%, second half incremental margins ~50%.

## SEC filing metadata
- accession: 0001437749-22-017481
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774922017481/0001437749-22-017481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774922017481/unp20220525b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017481
- JSON: https://secwatch.observer/filing/0001437749-22-017481.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017481.txt

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