Union Pacific (UNP) reported first quarter net income of $1.7 billion, or $2.87 per share. Results include merger costs of $36 million, or $0.06 per share. This is compared to net income of $1.6 billion or $2.70 per share, last year. Adjusted first quarter net income was $1.7 billion, or $2.93 per share compared to net income of $1.6 billion, or $2.70 per share.
First quarter operating revenue was $6.2 billion, up 3% driven by core pricing gains, fuel surcharge revenue, and business mix partially offset by 1% fewer carloads and lower other revenue. Freight revenue increased 4% and freight revenue excluding fuel surcharge grew 3%.
The company affirmed its 2026 outlook.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.