---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029518"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:24:45.752938+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Pacific sets 3-year targets: EPS CAGR high single to low double digits, $4-5B buybacks from 2025

## Summary
- Revenue (ex-fuel) to grow faster than volume (ex-coal) and outpace served markets over 3 years.
- Pricing dollars expected to be accretive to operating ratio starting in 2025.
- Forecasts EPS CAGR in high single to low double digit range.
- Annual capex ~$3.5B–$3.7B; annual share repurchases of $4B–$5B starting 2025.
- Dividend payout ratio target ~45%; aims for consistent annual dividend increases.

## SEC filing metadata
- accession: 0001437749-24-029518
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774924029518/0001437749-24-029518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774924029518/unp20240911_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029518
- JSON: https://secwatch.observer/filing/0001437749-24-029518.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029518.txt

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