CSX Q2 revenue rises 10% to $3.94 billion; EPS up 23% to $0.54
CSX reported second quarter 2026 results on July 22, 2026, with revenue, operating income, net earnings and diluted EPS all higher than a year earlier. Volume rose 6%, led by 9% intermodal growth, while fuel expense rose $177 million on a 74% increase in locomotive fuel prices. The filing does not include updated financial guidance, and the company's results are based on the figures in its press release and quarterly report.
Key points
- Revenue of $3.94 billion rose 10% year over year, driven mainly by higher fuel surcharge revenue plus higher volume and pricing.
- Operating income of $1.51 billion rose 17%, and operating margin was 38.3% versus 35.9% a year earlier.
- Net earnings of $1.00 billion, or $0.54 per diluted share, compared with $829 million, or $0.44 per share, in second quarter 2025.
- Fuel expense rose $177 million to $446 million, partly offset by efficiency savings.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.