---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013124"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:13:08.032570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Q1 EPS $2.69 (+1%); operating income record $2.4B, OR improves 140 bps

## Summary
- Net income $1.6B ($2.69 diluted EPS), up 1% from $2.67 YoY; revenue flat at $6.0B.
- Operating ratio 60.7%, 140 bps better; operating income $2.4B, +3%.
- Restarting share repurchases in Q2; capital plan reaffirmed at $3.4B.
- Freight car velocity +4%, locomotive productivity +10%, fuel consumption rate improved 1%.
- Volume outlook muted due to intermodal loss, lower coal demand and soft economy.

## SEC filing metadata
- accession: 0001437749-24-013124
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774924013124/0001437749-24-013124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774924013124/unp20240304_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013124
- JSON: https://secwatch.observer/filing/0001437749-24-013124.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013124.txt

## Key facts
- Earnings Releases
  UNION PACIFIC CORP reported first quarter 2024 results: revenue $6.0 billion, net income $1.6 billion, EPS $2.69 per diluted share. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $6.0 billion
  - Net income: $1.6 billion
  - EPS: $2.69 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Improved Operational Efficiency and Core Pricing Gains Drive Increase in Operating Income; First Quarter Records for Operating Income and Net Income ● Operating revenue of $6.0 billion was flat driven by core pricing gains and business mix offset by reduced fuel surcharge revenue and lower volume. ● Freight revenue excluding fuel surcharge revenue grew 4% as
  evidence_url: https://www.sec.gov/Archives/edgar/data/100885/000143774924013124/0001437749-24-013124-index.htm

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