Norfolk Southern Q2 2023 Earnings Report

Norfolk Southern's Q2 2023 financial performance was impacted by a $416 million charge related to the Eastern Ohio incident, with reported EPS of $1.56. Adjusted EPS, excluding the incident charge, was $2.95, a 14% decrease compared to Q2 2022.

Key Takeaways

Norfolk Southern's second quarter 2023 results were affected by a $416 million charge due to the Eastern Ohio incident. Reported earnings per share were $1.56. Adjusted earnings per share, excluding the incident charge, amounted to $2.95, representing a 14% decline compared to the same quarter last year.

Income from railway operations was $576 million for the quarter.

Diluted earnings per share were $1.56, including a $416 million charge related to the Eastern Ohio incident.

Adjusted income from railway operations was $992 million, a 22% decrease compared to Q2 2022.

Adjusted diluted earnings per share was $2.95, a 14% decrease compared to Q2 2022.

Total Revenue

$2.98B

Previous year: $3.25B