The Investor
26 Apr 2026, 19:29
Norfolk Southern reported first-quarter 2026 revenue of $3.0 billion, broadly flat year-on-year, as a 1% decline in volumes offset modest pricing gains.
Income from railway operations fell 23% to $877 million, while diluted earnings per share declined 27% to $2.43. On an adjusted basis, excluding merger-related costs and the Eastern Ohio incident, operating income was $939 million and earnings per share reached $2.65.
The company’s operating ratio rose to 70.7%, reflecting higher costs, though management highlighted disciplined execution on safety, service, and cost control amid challenging conditions, including severe weather and rising fuel prices.
Income from railway operations fell 23% to $877 million, while diluted earnings per share declined 27% to $2.43. On an adjusted basis, excluding merger-related costs and the Eastern Ohio incident, operating income was $939 million and earnings per share reached $2.65.
The company’s operating ratio rose to 70.7%, reflecting higher costs, though management highlighted disciplined execution on safety, service, and cost control amid challenging conditions, including severe weather and rising fuel prices.
