(Alliance News) - Union Pacific Corp on Thursday backed its annual outlook as the railroad reported an improved first quarter.

The Omaha, Nebraska-based firm said net income in the first three months of 2026 climbed 4.6% to USD1.70 billion from USD1.63 billion as revenue rose 3.2% to USD6.22 billion from USD6.03 billion.

Diluted earnings per share rose 6.3% to USD2.87 from USD2.70.

Looking ahead, it still expects "mid-single digit" reported EPS growth for the whole of 2026, from USD11.98 in 2025.

"We grew reported net income 5%, increased earnings per share 6%, and improved our operating ratio. As we advance through the regulatory process to create America's first transcontinental railroad, we have a solid foundation for another year of industry-leading results," Chief Executive Officer Jim Vena said.

The operating ratio improved to 60.5% from 60.7%. A lower operating ratio is considered better.

Union Pacific shares rose 0.2% in pre-market dealings in New York to USD249.82.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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