Form 10-Q · Quarterly report
Union Pacific Corporation 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0000100885
- Accession no.
- 0000100885-26-000321
Summary
Union Pacific Corporation reported third-quarter 2026 earnings of $3.49 per diluted share on net income of $2.1 billion and an operating ratio of 59.1%, compared with $3.01 per diluted share, $1.8 billion net income, and 59.2% a year earlier. Freight revenues increased 15% on 6% volume growth and higher fuel surcharge revenue, while operating expenses rose 15% as locomotive fuel prices climbed 64%.
Key points
- Union Pacific reported third-quarter 2026 earnings of $3.49 per diluted share on net income of $2.1 billion, with an operating ratio of 59.1%.
- Freight revenues increased 15% to $6.8 billion as carload volume rose 6%, intermodal volume rose 11%, and fuel surcharge revenues increased to $1.2 billion from $602 million.
- Operating expenses increased 15% as average locomotive fuel price per gallon rose 64%, while operating income increased 15% to $2.9 billion.
- Coal shipments declined, while grain and grain products, metals and minerals, and energy and specialized markets shipments increased.
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 nine months ended September 30, 2026, compared to three and nine months ended September 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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