earnings
confidence high
sentiment positive
materiality 0.75
Union Pacific Q3 EPS $2.75 beats prior year $2.51; operating income up 11%
UNION PACIFIC CORP
2024-Q3 EPS reported
$8.18
revenue$18,129,000,000
- Diluted EPS $2.75, up 10% from $2.51; net income $1.7B, up 9% from $1.5B.
- Operating revenue $6.1B, up 3%; freight revenue ex-fuel surcharge up 5% on 6% higher carloads.
- Operating ratio improved 310 bps to 60.3% (fuel price benefit 120 bps); operating income $2.4B, up 11%.
- Workforce productivity record: 1,102 car miles per employee, up 12% YoY; freight car velocity +5%.
- 2024 outlook affirmed: Q4 expected consistent q/q and up YoY; $1.5B share repurchases and $3.4B capex planned.