Loading...
•
Sep 30, 2025
Union Pacific Q3 2025 Earnings Report
Union Pacific posted improved revenue and earnings in the third quarter of 2025.
Key Takeaways
Union Pacific delivered solid financial performance in Q3 2025, achieving record freight operations, improving efficiency, and progressing toward its strategic merger with Norfolk Southern.
Revenue reached $6.244 billion, up 3% from the prior year.
Net income was $1.788 billion with EPS of $3.01.
Adjusted EPS rose to $3.08, excluding $41 million in merger costs.
Operational metrics set records in train length, freight car velocity, and terminal dwell time.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Union Pacific expects to maintain earnings momentum supported by pricing, operational efficiency, and strategic merger progress.
Positive Outlook
- Continued strong core pricing expected to be accretive to operating ratio
- Earnings per share growth aligned with 3-year CAGR targets
- Regulatory momentum for merger with Norfolk Southern
- Industry-leading return on invested capital
- Strong cash generation supports capital plans
Challenges Ahead
- International intermodal volumes remain under pressure
- Fuel surcharge revenues decreased year over year
- Share repurchases paused due to pending merger
- Cost pressures from inflation and wage increases
- Regulatory approval timeline for merger still uncertain
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...