Highest-materiality recent filing
Union Pacific Q1 adjusted EPS $2.93 vs $2.70 YoY; revenue up 3% to $6.2B
Reported net income $1.7B, diluted EPS $2.87; adjusted EPS $2.93 vs $2.70 in Q1 2025.
Union Pacific Q4 reported EPS $3.11; full year net income up 6%; 2026 EPS growth mid-single digit
Q4 reported net income $1.8B, EPS $3.11; adjusted EPS $2.86 vs $2.96 YoY. Revenue $6.1B down 1%.
Filing submitted Dec 19, 2025; nearly 7,000 pages; includes 2,000 letters of support and 99% shareholder votes in favor.
Union Pacific shareholders approve Norfolk Southern merger; 99.5% votes in favor
99.5% of votes cast (465.9M for, 2.2M against) approved share issuance for Norfolk Southern merger.
Union Pacific Q3 adjusted EPS $3.08, revenue $6.2B; OR improves 180 bps
Adjusted diluted EPS of $3.08, up from $2.75 in prior year; reported EPS $3.01.
Union Pacific CFO: Q3 productivity strong; $50M merger fees; buyback paused
CFO Jennifer Hamann expects continued network fluidity to drive strong Q3 productivity.
Deal values Norfolk Southern at $320/share (1.0 UNP share + $88.82 cash), 25% premium to 30-day VWAP.
Union Pacific to acquire Norfolk Southern for 1 UNP share + $88.82 cash per NSC share
Each Norfolk Southern share exchanged for 1 Union Pacific share plus $88.82 cash.
Union Pacific Q2 EPS $3.15 vs $2.74 YoY; revenue $6.2B up 2%
Diluted EPS of $3.15 (GAAP); adjusted EPS $3.03; net income $1.9B vs $1.7B YoY.
Union Pacific and Norfolk Southern confirm advanced merger discussions
Union Pacific (UNP) and Norfolk Southern (NSC) disclosed advanced talks for a potential business combination on July 24, 2025.
Union Pacific Q1 EPS flat at $2.70, revenue flat at $6.0B; volume up 7%
Net income $1.6B ($2.70 diluted EPS) vs $1.6B ($2.69) year ago; EPS unchanged.
Union Pacific establishes $1.5B accelerated share repurchase programs
ASRs with Barclays and Citi for $1.5B aggregate; ~4.8M shares received on Feb 18, 2025.
Union Pacific Q4 EPS $2.91 (+7% YoY); FY EPS $11.09 (+6%); operating ratio improves
Q4 operating revenue $6.1B (-1% YoY) on volume +5% and core pricing, offset by lower fuel surcharge.
Union Pacific Q3 EPS $2.75 beats prior year $2.51; operating income up 11%
Diluted EPS $2.75, up 10% from $2.51; net income $1.7B, up 9% from $1.5B.
Revenue (ex-fuel) to grow faster than volume (ex-coal) and outpace served markets over 3 years.
Union Pacific Q2 EPS $2.74, up 7%; operating income up 9%
Q2 2024 diluted EPS $2.74, up 7% YoY vs $2.57; net income $1.7B vs $1.6B.
Union Pacific Q1 EPS $2.69 (+1%); operating income record $2.4B, OR improves 140 bps
Net income $1.6B ($2.69 diluted EPS), up 1% from $2.67 YoY; revenue flat at $6.0B.
On May 8, 2025, the Board of Directors of the Company approved the appointment of Carrie J. Powers as Vice President, Controller, and Chief Accounting Officer and to serve as principal accounting officer, effective immediately.
On May 8, 2025, the Company also announced that Todd M. Rynaski will transition from Senior Vice President, Chief Accounting, Risk, and Compliance Officer to Senior Vice President-Strategy effective immediately
On May 9, 2025, Union Pacific Corporation (the “Company”) announced that its President, Elizabeth F. Whited, will transition from President to Strategic Advisor, effective July 1, 2025
Max materiality 1.00 · Median 0.75 · Most common event earnings