Norfolk Southern Q4 EPS falls 11% to $2.87; full-year EPS rises 10% to $12.75
Norfolk Southern reported fourth-quarter 2025 revenue of $3.0 billion, down 2% from a year earlier, and diluted earnings per share of $2.87, down 11% from $3.23 in the prior-year quarter, which included railway line sales. Excluding merger-related expenses and the Eastern Ohio incident, the company reported Q4 diluted EPS of $3.22, up 6% from adjusted prior-year results, and full-year 2025 diluted EPS of $12.75, up 10%. Shareholders get a mixed picture: reported quarterly profit fell, while full-year results and adjusted quarterly profit improved.
Key points
- Q4 2025 railway operating revenues were $3.0 billion, down $50 million, or 2%, with volume down 4%
- Q4 2025 income from railway operations was $937 million, down 17%; the quarter included a net gain of $85 million from a large land sale
- Full-year 2025 diluted EPS was $12.75, up 10%, and the full-year operating ratio was 64.2%, compared with 66.4% in 2024
- Company repurchased and retired 2.2 million shares in 2025 at a cost of $533 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 January 29, 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.