earnings
confidence high
sentiment positive
materiality 0.75
Union Pacific Q2 EPS $2.74, up 7%; operating income up 9%
UNION PACIFIC CORP
2024-Q2 EPS reported
$5.43
revenue$12,038,000,000
- Q2 2024 diluted EPS $2.74, up 7% YoY vs $2.57; net income $1.7B vs $1.6B.
- Operating revenue $6.0B (+1%); operating income $2.4B (+9%); operating ratio 60.0% (improved 300bps).
- Operating ratio aided by 70bps from intermodal equipment sale; core pricing gains and efficiency drove growth.
- Locomotive productivity improved 6%, workforce productivity improved 5%.
- 2024 share repurchases affirmed at ~$1.5B; capital plan $3.4B; second half volume outlook uncertain.