Citable filing context

UNP filing events and research context

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UNP's research view summarizes recent SEC filing context, starting with management_change from May 18, 2026.

UNP filing events and research context
FiledItemContext
May 18, 2026management_changeShareholders elected directors, ratified auditors, and approved executive compensation at the May 14, 2026 Annual Meeting.
Apr 23, 2026earningsUnion Pacific reported Q1 2026 diluted EPS of $2.87 and an operating ratio of 60.5%.
Jan 27, 2026earningsUnion Pacific reported Q4 2025 diluted EPS of $3.11 and full year diluted EPS of $11.98.
Apr 23, 2026Guidance: capital_plan3.30 to 3.30
Apr 23, 2026Guidance: eps_cagr_targetnot reported to not reported
Apr 23, 2026Guidance: eps_growthnot reported to not reported
Apr 23, 2026mda_quarterlyUnion Pacific reported Q1 2026 diluted EPS of $2.87, up from $2.70, with net income of $1.7 billion and an improved operating ratio of 60.5%. Freight revenues increased 4% to $5.89 billion, driven by core pricing gains, higher fuel surcharges, and a favorable business mix, despite a 1% reduction in overall volume. Strong performance in bulk commodities (up 10% revenue, 12% volume) was fueled by increased coal shipments due to higher natural gas prices and export grain. Industrial revenues rose 5% (4% volume) from demand in chemicals, plastics, and construction materials. However, Premium revenues declined 5% (9% volume) due to a 28% drop in international intermodal carloads (non-recurrence of 2025 West Coast imports) and lower automotive shipments from reduced production. Operating expenses increased 3% due to inflation, higher fuel prices, and acquisition-related costs, partially offset by productivity gains. Operational efficiency significantly improved, with freight car velocity up 9%, terminal dwell down 11%, train length up 3%, and workforce productivity up 7%. Cash provided by operating activities increased 10% to $2.4 billion. The 2026 capital plan is $3.3 billion, targeting growth, safety, and infrastructure, including locomotive modernization and intermodal ramp investments. Financing activities reflected increased debt repayment and a pause in share repurchases due to the pending Norfolk Southern acquisition. The company maintains strong liquidity with $735 million cash and $2.6 billion in available credit facilities.
Feb 6, 2026businessUnion Pacific Corporation (UNP) operates Union Pacific Railroad Company, a principal freight railroad connecting 23 states across the western two-thirds of the U.S., forming a critical link in the global supply chain. Its extensive network serves many of the fastest-growing U.S. population centers, operates from major West Coast and Gulf Coast ports to Eastern gateways, connects to Canadian rail systems, and uniquely provides access to all six major Mexico gateways. UNP's diversified revenue streams are categorized into Bulk, Industrial, and Premium freight segments. The company's core strategy emphasizes achieving industry-best safety, superior customer service, and operational excellence, which includes operating efficiently and productively while maintaining service resilience. This strategic focus is designed to drive sustainable freight volume growth, yielding improved margins, robust cash generation, and ultimately an industry-leading operating ratio and return on invested capital. While revenues are analyzed by commodity group, the Railroad operates as a single, integrated reportable segment, delivering products safely, reliably, and fuel-efficiently.

Source: SEC EDGAR filing text and events; period May 18, 2026; filed May 18, 2026.

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