Loading...
•
Jun 30
Union Pacific Q2 2025 Earnings Report
Union Pacific reported higher revenue and earnings in Q2 2025, with record freight revenue and operational productivity improvements.
Key Takeaways
Union Pacific delivered strong Q2 2025 results, with revenue growth driven by freight demand, improved operating ratio, and record locomotive and workforce productivity.
Net income rose to $1.88B from $1.67B a year ago
Adjusted EPS was $3.03, boosted by strong freight demand
Operating ratio improved to 59.0% from 60.0%
Locomotive and workforce productivity reached record levels
Union Pacific
Union Pacific
Union Pacific Revenue by Segment
Revenue by Segment
Grain & Grain Products Revenue
CapyFin.comFertilizer Revenue
CapyFin.comFood & Refrigerated Revenue
CapyFin.comCoal & Renewables Revenue
CapyFin.comIndustrial Chemicals & Plastics Revenue
CapyFin.comMetals & Minerals Revenue
CapyFin.comForest Products Revenue
CapyFin.comEnergy & Specialized Markets Revenue
CapyFin.comAutomotive Revenue
CapyFin.comIntermodal Revenue
CapyFin.com Forward Guidance
Union Pacific reaffirmed its 2025 outlook, expecting continued strong demand and pricing improvements, though international intermodal comparisons may be challenging in the second half.
Positive Outlook
- Well-positioned to meet customer demand
- Pricing dollars accretive to operating ratio
- EPS growth consistent with 3-year CAGR target
- Industry-leading operating ratio expected
- Strong return on invested capital
Challenges Ahead
- Challenging second half international intermodal comparison
- Macroeconomic uncertainty could impact volume
- Geopolitical tensions pose potential risk
- Fuel price volatility remains a concern
- Labor costs and agreements could affect margins