•
Sep 30, 2021

Norfolk Southern Q3 2021 Earnings Report

Norfolk Southern achieved record low third-quarter operating ratio and reported strong financial performance.

Key Takeaways

Norfolk Southern reported third-quarter 2021 financial results, which included third-quarter records for net income, diluted earnings per share, income from railway operations, and operating ratio. Third-quarter net income was $753 million, diluted earnings per share was $3.06, income from railway operations was $1.1 billion, and the operating ratio was 60.2%.

Net income reached a record $753 million in Q3 2021.

Diluted earnings per share hit a record $3.06 in Q3 2021.

Income from railway operations was a record $1.1 billion in Q3 2021.

Operating ratio achieved a record low of 60.2% in Q3 2021.

Total Revenue
$2.85B
Previous year: $2.51B
+13.8%
EPS
$3.06
Previous year: $2.51
+21.9%
Gross Profit
$1.24B
Previous year: $951M
+29.9%
Cash and Equivalents
$1.47B
Previous year: $1.36B
+7.8%
Free Cash Flow
$818M
Previous year: $691M
+18.4%
Total Assets
$38.6B
Previous year: $38.2B
+1.1%

Norfolk Southern

Norfolk Southern