Union Pacific Q1 net income rises 5% to $1.7 billion; diluted EPS $2.87
Union Pacific reported first quarter 2026 net income of $1.7 billion, or $2.87 per diluted share, up from $1.6 billion, or $2.70 per diluted share, a year earlier. Operating revenue rose 3% to $6.2 billion and the reported operating ratio improved to 60.5%. The company affirmed its 2026 outlook, including mid-single-digit reported EPS growth, and results include $36 million of merger costs.
Key points
- Net income of $1.7 billion and diluted EPS of $2.87, versus $1.6 billion and $2.70 in Q1 2025; adjusted diluted EPS was $2.93
- Operating revenue of $6.2 billion, up 3%; freight revenue up 4% to $5.9 billion
- Reported operating ratio of 60.5%, a 20 basis point improvement; merger costs of $36 million, or $0.06 per diluted share
- 2026 outlook affirmed, including reported EPS growth of mid-single digits and a $3.3 billion capital plan
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing 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 April 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.