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 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.