Norfolk Southern Q3 revenue rises 2%; GAAP earnings per share fall to $3.16 from $4.85
Norfolk Southern reported third-quarter 2025 revenue of $3.1 billion, up $52 million or 2% from a year earlier on flat volumes. GAAP diluted earnings per share fell to $3.16 from $4.85, a comparison that includes $380 million of railway line sale gains in the prior-year quarter, while adjusted diluted earnings per share rose 2% to $3.30. The company also raised its 2025 productivity target to about $200 million from about $175 million.
Key points
- Third-quarter railway operating revenues were $3.1 billion, up $52 million or 2% from third quarter 2024 on flat volumes.
- GAAP diluted earnings per share were $3.16, down from $4.85 in third quarter 2024, which included railway line sale gains.
- Adjusted diluted earnings per share were $3.30, up $0.05 or 2% from adjusted third quarter 2024.
- The 2025 productivity target was raised to about $200 million from about $175 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 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 October 23, 2025.
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.