(Source: Norfolk Southern press release, April 23, 2025)
Norfolk Southern Corporation announced its first quarter 2025 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion, operating ratio was 61.7%, and diluted earnings per share were $3.31.
After adjusting the results to exclude the Eastern Ohio incident, first quarter income from railway operations was $961 million, the operating ratio was 67.9%, and diluted earnings per share were $2.69.
Insurance recoveries related to the Eastern Ohio incident exceeded incremental costs in the quarter.
First Quarter Summary
- Railway operating revenues of $3.0 billion, down $11 million compared to the first quarter 2024.
- Excluding the impact of fuel surcharge revenue, which was lower compared to the prior year, railway operating revenues were $2.8 billion, up $47 million, or 2%, compared to adjusted first quarter of 2024, on volume growth of 1%.
- Income from railway operations was $1.1 billion, an increase of $933 million, compared to first quarter 2024.
- Adjusting for the Eastern Ohio incident, income from railway operations was $961 million, up $57 million, or 6%, compared to adjusted first quarter 2024.
- Operating ratio in the quarter was 61.7% compared to 92.9% in first quarter 2024.
- Adjusting for the Eastern Ohio incident, the operating ratio for the quarter was 67.9%. This represents 200 basis points of improvement from adjusted first quarter 2024 which was 69.9%.
- Diluted earnings per share were $3.31, up from $0.23 in first quarter 2024.
- Adjusting for the Eastern Ohio incident, diluted earnings per share were $2.69, up $0.20, or 8%, compared to adjusted first quarter 2024.
Full story: www.nscorp.com