Form 10-Q · Quarterly report
Union Pacific Corporation 10-Q, filed Jul 23, 2026
- Filed
- CIK
- 0000100885
- Accession no.
- 0000100885-26-000250
Summary
Union Pacific reported second-quarter 2026 earnings of $3.36 per diluted share on net income of $2.0 billion and an operating ratio of 59.7%, compared with $3.15 per diluted share, $1.9 billion, and 59.0% a year earlier. Freight revenues rose 12% on 2% volume growth and higher fuel surcharge revenues, while operating expenses increased 13% primarily because of a 60% rise in the average fuel price per gallon.
Key points
- Freight revenues rose 12% to $6.518 billion on 2% carload growth, higher fuel surcharge revenues, and core pricing gains.
- Operating expenses increased 13%, driven by a 60% rise in average fuel price per gallon, inflation, volume-related costs, acquisition-related expenses, and higher depreciation.
- Domestic intermodal carloads increased 19%, while international intermodal and coal carloads fell 17% and 14%, respectively.
- Freight car velocity improved 5% and terminal dwell improved 7%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion RESULTS OF OPERATIONS Three and six months ended June 30, 2026, compared to three and six months ended June 30, 2025 For purposes of this report, unless the context otherwise requires, all references herein to "Union Pacific", “UPC”, “Corporation”, “Company”, “we”, “us”, and “our” shall mean Union Pacific Corporation and its subsidiaries, including Union Pacific Railroad Company, which we separately refer to as “UPRR” or the “Railroad”. …
An excerpt of the text as filed with the SEC, cut for length.
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