Every material Form 8-K CSX filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CSX reported third quarter 2026 revenue of $4.02 billion, up 12% from a year earlier, with net earnings of $1.05 billion and diluted EPS of $0.57, compared with $0.37 in the prior-year quarter. The prior-year figure included a $164 million goodwill impairment; excluding it, EPS rose 30% from $0.44, and the company attributed higher revenue mainly to fuel surcharges along with higher volume and pricing. Fuel costs rose $170 million, and operating measures such as dwell time and trip plan performance worsened.
Operating income was $1.57 billion, up 44%, and operating margin was 39.1% versus 30.3%.
Total volume was 1.69 million units, up 5%, with intermodal volume up 7%.
Fuel expense rose $170 million, mostly due to a 67% increase in locomotive fuel prices.
Average dwell rose to 10.6 hours from 9.5 hours, and carload trip plan performance fell to 73% from 83%.
CSX Chief Operating Officer Michael Cory ceased serving as executive vice president and COO on October 12, 2026, and will provide transition services until May 8, 2027, when his employment ends. Operations leaders Doug Ryhorchuk and Casey Albright will now report directly to CEO Steve Angel, and the filing says the company's operating priorities are unchanged.
Cory stopped serving as EVP and COO effective October 12, 2026; his employment ends May 8, 2027
Transition agreement keeps his base salary at a $780,000 annual rate during the transition period, subject to a release of claims
Doug Ryhorchuk (SVP of Operations) and Casey Albright (SVP of Network Operations and Service Design) now report directly to Angel
Cory is bound by a non-compete and non-solicitation covenant for 24 months after his employment ends
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.
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.
CSX's board authorized $5 billion of new share repurchase authority on May 12, 2026, on top of about $989 million remaining under the existing program as of March 31, 2026. The same day, the company announced that Stephen Fortune, Executive Vice President and Chief Digital & Technology Officer, had left the company, with Steve Watkins taking over his responsibilities.
Board authorized $5 billion of incremental buyback authority, added to about $989 million remaining as of March 31, 2026
Stephen Fortune's employment separated effective immediately on May 14, 2026, subject to a separation agreement and release
Steve Watkins assumes Fortune's responsibilities and reports directly to CFO Kevin S. Boone
At the May 12, 2026 annual meeting, all twelve director nominees were elected and shareholders ratified Ernst & Young LLP as auditor for 2026
CSX reported first quarter 2026 net earnings of $807 million, or $0.43 per diluted share, up from $646 million, or $0.34 per share, a year earlier. Revenue rose 2% to $3.48 billion on higher merchandise pricing, intermodal volume and domestic coal revenue, partly offset by lower export coal revenue. The filing shows earnings and revenue both improved for shareholders, and the company did not provide new guidance in this release.
Operating income was $1.25 billion, up from $1.04 billion in the first quarter of 2025.
Net earnings were $807 million, or $0.43 per diluted share, compared with $646 million, or $0.34 per share.
Revenue was $3.48 billion, up 2%, on total volume of 1.56 million units, up 3%.
Fuel expense rose $27 million, primarily due to a 14% increase in locomotive fuel prices.
CSX reported fourth quarter 2025 revenue of $3.51 billion, down 1% from a year earlier, as lower merchandise volume and reduced export coal revenue offset higher pricing. Net earnings were $720 million, or $0.39 per share, versus $733 million, or $0.38 per share, a year earlier, but the prior-year figure excluded a goodwill impairment, and the quarter included about $50 million in severance and technology costs. For the full year, EPS fell 14% to $1.54 and revenue fell 3% to $14.09 billion, which matters to shareholders because the earnings trend weakened over the year.
Q4 2025 revenue was $3.51 billion, down 1% year over year; operating margin was 31.6% versus 31.3% a year earlier.
Q4 2025 EPS was $0.39 versus $0.38 in Q4 2024; prior-year adjusted EPS was $0.42 excluding a goodwill impairment.
Full-year 2025 EPS was $1.54 versus $1.79 in 2024, down 14%; full-year net earnings were $2.89 billion versus $3.47 billion.
Full-year 2025 results include a $164 million goodwill impairment charge recorded in the third quarter.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CSX filing is on SEC EDGAR ↗. 8-K briefs of other companies →