Union Pacific Corporation (UNP) Q3 FY2026 earnings

Reported results

• Operating revenue was $7.2 billion, up 15%
• Reported net income was $2.1 billion and reported diluted EPS was $3.49
• Adjusted net income* was $2.1 billion and adjusted diluted EPS* was $3.53
• Reported operating ratio was 59.1%
• Adjusted operating ratio* was 58.8%
• Revenue carloads grew 6%

Guidance

• Reported earnings per share growth of high-single digit; consistent with attaining 3-year CAGR target of high-single to low-double digit through 2027
• Operating ratio improvement from core business; reported operating ratio challenged by high fuel prices
• Capital plan of $3.5 billion
• Pricing dollars in excess of inflation dollars

Notes

Adjusted non-GAAP financial measures exclude acquisition-related expenses.

Price and volatility reaction

The stock moved +3.5% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.