---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-23-000024"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:57:30.781441+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern reports record Q4 revenue $3.2B, EPS $3.42; director not re-elected

## Summary
- Q4 railway operating revenue $3.2B record, up 13% YoY; diluted EPS $3.42, up 10% from $3.12.
- Full-year 2022 revenue $12.7B record, up 14%; diluted EPS $13.88 record, up 15%.
- Railway operating expenses increased 19% in Q4 and FY, driven by higher fuel, inflation, and compensation.
- Director James A. Squires (former CEO) will not stand for re-election; term expires at 2023 annual meeting.

## SEC filing metadata
- accession: 0001552781-23-000024
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000155278123000024/0001552781-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000155278123000024/e23027_nsc-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-23-000024
- JSON: https://secwatch.observer/filing/0001552781-23-000024.json
- Plain text: https://secwatch.observer/filing/0001552781-23-000024.txt

## Key facts
- Earnings Releases
  NORFOLK SOUTHERN CORP reported fourth quarter 2022 results: revenue $3.2 billion, EPS $3.42.
  - Period: fourth quarter 2022
  - Revenue: $3.2 billion
  - EPS: $3.42
  - Result: reported results
  source text: Fourth quarter railway operating revenue was $3.2 billion, up 13%, and income from railway operations was $1.2 billion, up 5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000155278123000024/0001552781-23-000024-index.htm
- Earnings Releases
  NORFOLK SOUTHERN CORP reported full-year 2022 results: revenue $12.7 billion, EPS $13.88.
  - Period: full-year 2022
  - Revenue: $12.7 billion
  - EPS: $13.88
  - Result: reported results
  source text: Railway operating revenues were a record $12.7 billion in 2022, up 14%, or $1.6 billion, compared with 2021, driven by an 18% increase revenue per unit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000155278123000024/0001552781-23-000024-index.htm
- Executive change
  James A. Squires departed as Director at NORFOLK SOUTHERN CORP.
  - Action: not stand for re-election
  - Role: Director
  source text: On January 24, 2023, James A. Squires, a member of the Board of Directors and former Chief Executive Officer of the Registrant, notified the Board that he will not stand for re-election to the Board at the Registrant’s 2023 annual meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000155278123000024/0001552781-23-000024-index.htm

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