(Source: Union Pacific press release, April 24, 2025)
Union Pacific Corporation reported 2025 first quarter net income of $1.6 billion, or $2.70 per diluted share. This compares to 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. Highlights included:
- First quarter earnings per diluted share flat at $2.70, reflecting a 7% headwind from fuel and leap year
- First quarter operating income flat at $2.4 billion
- First quarter revenue carloads up 7%
- First quarter freight revenue excluding fuel surcharge up 4%
- First Quarter Summary: 2025 vs. 2024
Financial Results: Volume Growth and Robust Core Pricing Gains Offset by Business Mix and Fuel Headwinds; First Quarter Records for Freight Revenue
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- Operating revenue of $6.0 billion was flat on 7% volume growth and solid core pricing gains offset by business mix, reduced fuel surcharge revenue, lower other revenue, and impact from leap year.
- Freight revenue grew 1%. Freight revenue excluding fuel surcharge grew 4%.
- Core pricing dollars net of inflation were accretive to operating ratio.
- Operating ratio was 60.7%, flat compared to 2024. Lower fuel prices and leap year unfavorably impacted the operating ratio 90 basis points.
- Operating expenses were flat as productivity improvements and lower fuel costs offset volume-related costs and inflation.
Full story: www.up.com