Union Pacific Reports Third Quarter 2026 Results
Business Wire•22/10/2026•07:45 ET
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Key Highlights
- ➤Diluted EPS $3.49, up 16%, as third-quarter net income reached $2.1 billion
- ➤Operating revenue $7.2 billion, up 15%, driven by volume and pricing
- ➤Revenue carloads grew 6%, with freight revenue excluding fuel surcharge up 6%
- ➤2026 capital plan set at $3.5 billion; high-single-digit EPS growth outlook affirmed
- ➤Union Pacific merger review advances through upcoming Surface Transportation Board steps
Expert Statements
Jim Vena, Chief Executive Officer of Union Pacific
“Union Pacific's third quarter results demonstrate our ability to safely deliver the service we sold to our customers while efficiently handling six percent volume growth”
Jim Vena, Chief Executive Officer of Union Pacific
“We executed at a consistently high level, enabling record financial results and further reinforcing our position as the industry leader.”
Jim Vena, Chief Executive Officer of Union Pacific
“We look forward to the upcoming steps of the Surface Transportation Board's merger review process and to delivering the benefits of America's first transcontinental railroad for our customers.”
Diluted EPS of $3.49, up 16%, and adjusted diluted EPS* of $3.53, up 15%
Union Pacific Corporation (NYSE: UNP) today reported third quarter 2026 net income of $2.1 billion, up 16%, and diluted earnings per share (EPS) of $3.49, up 16%, compared to reported third quarter 2025 net income of $1.8 billion and diluted EPS of $3.01. Adjusted third quarter 2026 net income* of $2.1 billion increased 15%, and adjusted diluted EPS* of $3.53 increased 15%, compared to adjusted third quarter 2025 net income* of $1.8 billion and adjusted diluted EPS* of $3.08.
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