Union Pacific Posts Higher 3Q Profit, Revenue on Volume Growth
By Connor Hart
Union Pacific reported higher profit and revenue in the latest quarter, driven by continued volume growth.
The freight company on Thursday posted a third-quarter profit of $2.08 billion, or $3.49 a share, compared with $1.79 billion, or $3.01 a share, a year earlier.
Stripping out one-time costs, earnings came in at $3.53 a share. Analysts surveyed by FactSet expected adjusted earnings of $3.47 a share.
Total operating revenue climbed 15% to $7.2 billion, just ahead of Wall Street models for $7.16 billion.
The company attributed its higher top line in part to 6% volume growth, as well as core pricing gains. Excluding higher fuel surcharges, freight revenue was up 6%.
For the year, Union Pacific continues to expect per-share earnings growth in the high-single-digit range.
Chief Executive Jim Vena said the company continues to work on its $71.5 billion merger with Norfolk Southern, which was announced last year and is expected to close in mid-2027.
"We look forward to the upcoming steps of the Surface Transportation Board's merger review process and to delivering the benefits of America's first transcontinental railroad for our customers," he said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 22, 2026 08:25 ET (12:25 GMT)
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