Union Pacific reported first-quarter 2026 net income of $1.7 billion, with diluted earnings per share of $2.87 and adjusted EPS of $2.93. Revenue reached $6.2 billion, up 3% year-over-year, while freight revenue increased 4%, supported by pricing gains and favorable business mix.

Operational performance improved, with the operating ratio declining to 60.5% and efficiency gains across key metrics such as freight velocity, terminal dwell time, and fuel consumption. The company also reported record first-quarter results for revenue, operating income, and freight-related metrics.

Union Pacific reaffirmed its 2026 outlook, expecting continued earnings growth, improved efficiency, and strong cash generation, supported by disciplined capital allocation and steady demand.

Source: Business Wire