---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002118"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T17:14:23.006716+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Q4 EPS $2.71 (+1% YoY); full-year net income down 9% to $6.4B

## Summary
- Q4 diluted EPS $2.71, net income $1.7B, both up ~1% YoY.
- Full-year EPS $10.45 (down 7%), net income $6.4B (down 9%), revenue $24.1B (down 3%).
- Q4 operating ratio improved to 60.9% (+10 bps); full-year ratio deteriorated 220 bps to 62.3%.
- 2024 outlook: muted volume; capital plan $3.4B; no Q1 share repurchases.
- Revenue carloads up 3% in Q4, down 1% for full year; freight car velocity improved 14%.

## SEC filing metadata
- accession: 0001437749-24-002118
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774924002118/0001437749-24-002118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774924002118/unp20231214_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002118
- JSON: https://secwatch.observer/filing/0001437749-24-002118.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002118.txt

## Key facts
- Earnings Releases
  UNION PACIFIC CORP reported year ended December 31, 2023 results: EPS $10.45 per diluted share.
  - Period: year ended December 31, 2023
  - EPS: $10.45 per diluted share
  - Result: reported results
  source text: Full year earnings per diluted share of $10.45, down 7%
  evidence_url: https://www.sec.gov/Archives/edgar/data/100885/000143774924002118/0001437749-24-002118-index.htm
- Earnings Releases
  UNION PACIFIC CORP reported fourth quarter ended December 31, 2023 results: EPS $2.71 per diluted share.
  - Period: fourth quarter ended December 31, 2023
  - EPS: $2.71 per diluted share
  - Result: reported results
  source text: Fourth quarter earnings per diluted share of $2.71, up 1%
  evidence_url: https://www.sec.gov/Archives/edgar/data/100885/000143774924002118/0001437749-24-002118-index.htm

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