Union Pacific Corporation (UNP) Announced Q1 2026 Earnings on April 23, 2026, Reporting "operating revenue of $6.2 billion"

During the first quarter of 2026, Union Pacific Corporation reported that "operating revenue of $6.2 billion increased 3% versus last year" and "freight revenue of $5.9 billion grew 4%". Management noted that "reported net income of $1.7 billion grew 5%" and "earnings per share of $2.87 increased 6%" for the quarter.

The company's adjusted "operating ratio came in at 59.9%". Additionally, the company "generated free cash flow of $630 million" for the first quarter.

Management highlighted several key business updates, emphasizing operational efficiency.

The company achieved "best-ever terminal dwell of 19.7 hours" and reported that "freight car velocity increased 9% to 235 miles per day". Executives also noted that "workforce productivity, which includes all employees, increased 7%" and "locomotive productivity improved 6%". Regarding corporate strategy, management stated they are "100% on track with filing a revised application on April 30" for an ongoing merger process.

Looking ahead, Union Pacific is "affirming our 2026 outlook", which includes expectations for "reported earnings per share of mid-single-digit growth and operating ratio improvement" for the full year.

For the longer term, the company remains "committed to attaining our 3-year CAGR target of high single-digit to low double-digit EPS growth throughout 2027". Management also highlighted business development momentum, mentioning "expansion into Mexico, such as Bartlett's new facility in Monterrey", winning "incremental volume with BMW", and the upcoming third-quarter start-up of the "Golden Triangle Polymers Company joint venture with CPChem".