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AI brief of an SEC Form 8-K · Union Pacific (UNP)

Union Pacific Q3 diluted EPS rises 16% to $3.49 as operating revenue climbs 15%

Positive Impact 3 of 5 earnings

Union Pacific reported third quarter 2026 net income of $2.1 billion, up 16%, and diluted EPS of $3.49, up from $3.01 a year earlier. Operating revenue reached $7.2 billion, up 15%, with 6% volume growth, while higher fuel prices added 140 basis points to the operating ratio. The company affirmed its 2026 EPS growth outlook of high-single digits and said it is on track with its Investor Day targets.

Key points

  • Diluted EPS of $3.49 vs. $3.01 in Q3 2025, up 16%; adjusted diluted EPS of $3.53, up 15%
  • Operating revenue of $7.2 billion, up 15%; revenue carloads up 6%
  • Reported operating ratio of 59.1%, improved 10 basis points; higher fuel prices unfavorably affected the ratio by 140 basis points
  • 2026 outlook: reported EPS growth of high-single digits affirmed; capital plan updated to $3.5 billion

The filing

CompanyUnion Pacific (UNP)
Form8-K, current report
Filed with the SECOct 22, 2026, 7:46 AM ET
Accession number0000100885-26-000319

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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.