Citable filing context
CSX's research view summarizes recent SEC filing context, starting with earnings from Jul 22, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 22, 2026 | earnings | CSX reported second quarter 2026 revenue of $3.94 billion and net earnings of $1.00 billion, or $0.54 per share. |
| May 14, 2026 | share_repurchase | CSX Board authorized a new $5 billion incremental share repurchase program. |
| Apr 22, 2026 | earnings | CSX reported Q1 2026 net earnings of $807 million and operating income of $1.25 billion. |
| Sep 29, 2025 | Guidance: volume_growth | not reported to not reported |
| Jul 22, 2026 | mda_quarterly | CSX reported strong second-quarter 2026 results, with revenue increasing 10% year-over-year to $3.9 billion and operating income rising 17% to $1.5 billion. The operating margin expanded by 240 basis points to 38.3%, while earnings per diluted share grew 23% to $0.54. Volume increased 6% overall, driven by a 9% rise in intermodal shipments—benefiting from new customer wins and a tightening trucking market—and a 4% increase in merchandise volume, particularly in chemicals and minerals. Coal revenue also grew 9% due to higher export volumes from reopened mines. Expenses rose 6% to $2.4 billion, primarily due to a 74% surge in locomotive fuel prices. However, non-fuel expenses decreased by $39 million, reflecting effective cost management, including lower headcount and efficiency savings in purchased services. The company generated $1.6 billion in free cash flow for the first half of the year, a significant improvement over the prior year, aided by the completion of the Blue Ridge subdivision rebuild. CSX maintains a solid liquidity position with $1.4 billion in cash and short-term investments and no outstanding balances on its $1.2 billion revolving credit facility. Operational performance showed mixed results, with improved train velocity but increased yard dwell times. |
| Apr 22, 2026 | mda_quarterly | CSX reported first-quarter 2026 revenue of $3.48 billion, a 2% increase driven by higher merchandise pricing, domestic coal shipments to utility plants, and intermodal volume growth from new customer wins. Operating income rose 20% to $1.25 billion, with the operating margin expanding 560 basis points to 36.0%. This profitability growth was supported by a 6% decrease in expenses, primarily due to headcount-driven labor efficiencies and $44 million in property disposition gains, which offset a 14% increase in locomotive fuel prices. Operational performance improved, with train velocity and dwell both improving by 7%, and on-time arrivals rising 11%. Safety metrics also trended positively, with the FRA train accident rate improving 31%. Free cash flow before dividends grew to $793 million, aided by lower property additions following the completion of the Blue Ridge subdivision. CSX maintains $1.1 billion in liquidity and expects 2026 capital expenditures to remain below $2.4 billion. Key risks include weather-related disruptions to metallurgical coal exports, ongoing labor negotiations for the remaining 25% of the unionized workforce, and volatility in fuel costs. |
| Feb 12, 2026 | business | CSX Corporation operates a critical 20,000-mile rail network serving 26 states east of the Mississippi River, the District of Columbia, and parts of Canada. The company’s business model centers on a scheduled service plan designed to optimize assets, reduce costs, and generate strong free cash flow. Revenue is diversified across four primary segments: merchandise (62%), intermodal (15%), coal (13%), and trucking (6%). The merchandise segment is the company’s largest, encompassing chemicals, automotive, agricultural products, and metals. The intermodal business leverages rail efficiency for consumer goods, while the coal segment serves both domestic power generation and export steelmaking markets. CSX maintains a competitive advantage through its access to over 70 port terminals and extensive connections with short-line railroads. The company faces significant competition from motor carriers and other Class I railroads, most notably Norfolk Southern. A key industry development is the proposed merger between Norfolk Southern and Union Pacific, which could reshape the competitive landscape. Operational risks are managed through a focus on safety and a stable labor environment, with approximately 75% of unionized employees covered by recently ratified agreements. The company’s integrated approach, supported by subsidiaries like Quality Carriers, positions it as a vital link in the North American supply chain. |
Source: SEC EDGAR filing text and events; period Jul 22, 2026; filed Jul 22, 2026.
CSX company research is available with Aerarium Pro (CAD $10/mo). The five showcase tickers (TSLA, NVDA, AAPL, AMZN, PLTR) and the macro dashboard stay free. Already a subscriber? Sign in to pick up where you left off.