Union Pacific Q1 EPS $2.67, revenue up 3% to $6.1B; operating ratio worsens 270 bps

UNION PACIFIC CORP

2023-Q1 EPS reported $2.67 revenue$6,056,000,000

EPS diluted $2.67, net income $1.6B; Q1 record operating revenue $6.1B (+3% YoY) driven by fuel surcharge and core pricing.
Operating ratio 62.1% deteriorated 270 bps; operating income down 3% to $2.3B on inflation and weather costs.
Carloads down 1% YoY; reportable derailment rate improved 10% to 2.21 per million train miles.
Maintains full-year guidance: operating ratio improvement, pricing > inflation, capex $3.6B (<15% revenue).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNION PACIFIC CORP reported the quarter ended March 31, 2023 results: revenue $6.1 billion, net income $1.6 billion, EPS $2.67 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $6.1 billion
Net income: $1.6 billion
EPS: $2.67 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Impact Cost Structure; First Quarter Records for Operating Revenue, Net Income, and Earnings Per Share First Quarter 2023 Compared to First Quarter 2022 ● Operating revenue of $6.1 billion was up 3% driven by higher fuel surcharge revenue and core pricing gains, partially offset by a negative business mix and volume declines. ● Business volumes, as measured by

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Source: SEC EDGAR

accession 0001437749-23-010684

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