secwatch.observer — SEC 8-K summary
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Issuer:     UNION PACIFIC CORP (UNP)
CIK:        0000100885
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001437749-23-020647
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100885/000143774923020647/0001437749-23-020647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100885/000143774923020647/unp20230622_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer