Union Pacific Q2 EPS $2.57 vs $2.93 YoY; revenue down 5% to $6B

UNION PACIFIC CORP

2023-Q2 EPS reported $5.24 revenue$12,019,000,000

Net income $1.6B ($2.57 diluted EPS) vs $1.8B ($2.93) in Q2 2022.
Operating revenue $6B, down 5% on reduced fuel surcharge, lower volumes, mix.
Operating ratio 63.0%, up 280 bps; includes 110 bps impact from one-time labor payment.
Freight car velocity improved 8% to 202 daily miles per car; derailment rate improved 9%.
Appointed Jim Vena as CEO, Beth Whited as president, Mike McCarthy as chairman; no further share repurchases in 2023.

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 quarter ended June 30, 2023 results: revenue $6 billion, net income $1.6 billion, EPS $2.57 per diluted share. Guidance lowered.

Period: quarter ended June 30, 2023
Revenue: $6 billion
Net income: $1.6 billion
EPS: $2.57 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Pricing Gains Offset by Reduced Fuel Surcharge Revenue, Lower Volumes, and an Unfavorable Business Mix Second Quarter 2023 Compared to Second Quarter 2022 ● Operating revenue of $6 billion was down 5% driven by reduced fuel surcharge revenue, lower volumes, and an unfavorable business mix, partially offset by core pricing gains. ● Business volumes, as measured by

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Source: SEC EDGAR

accession 0001437749-23-020647

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