earnings
confidence high
sentiment negative
materiality 0.75
Union Pacific Q3 EPS $2.51 vs $3.05 YoY; revenue down 10% to $5.9B
UNION PACIFIC CORP
2023-Q3 EPS reported
$7.75
revenue$17,960,000,000
- Net income of $1.5B ($2.51 diluted EPS) vs $1.9B ($3.05) in Q3 2022, a 21% decline.
- Operating revenue of $5.9B, down 10% on lower fuel surcharge revenue and volumes; carloads fell 3%.
- Operating ratio 63.4%, up 350 bps; operating income $2.2B, down 17%.
- Freight car velocity improved 5%; locomotive productivity up 4%; workforce productivity down 6%.
- 2023 outlook: volumes below Industrial Production; capital plan $3.7B; dividend maintained at $1.30/quarter.