NORFOLK SOUTHERN CORP 2Q 2026: Revenue $3.47B, EPS $3.26— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Norfolk Southern reported Q2 2026 revenue of $3.47B, up 11.4% YoY, driven by higher volumes and intermodal growth. However, net income fell 4.4% to $734M due to an 85% surge in fuel costs, resulting in diluted EPS of $3.26. The company also disclosed a merger agreement with Union Pacific to create a transcontinental network.
NORFOLK SOUTHERN CORP reported results for the quarter ended 2026 with revenue of $3.47B, up 11.4% from $3.11B a year earlier, while net income was $734M, down (4.4%) and diluted EPS declined to $3.26 from $3.41 in the prior-year quarter — as disclosed in the company's 10-Q filing.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $3.47B | $3.11B | 11.4% |
| Net income² | $734M | $768M | (4.4%) |
| Diluted EPS³ | $3.26 | $3.41 | (4.4%) |
¹ Reported as “Railway operating revenues”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven by higher average revenue per unit and increased volumes; railway operating revenues rose 11% for the quarter and 6% year to date.
- Intermodal saw a strong channel shift, with intermodal revenue up 22% in the quarter and domestic intermodal volumes rising about 11%, reflecting heightened truck‑constrained demand.
- Chemicals and export coal led commodity gains (chemicals +18% Q2; export coal +25% Q2), supporting higher unit revenue.
- Fuel costs increased sharply, with fuel expense up 85% in the quarter and corresponding growth in fuel‑surcharge revenue.
- The company entered a Merger Agreement with Union Pacific to create a transcontinental network; integration-related costs are ongoing.
Original SEC Filing: NORFOLK SOUTHERN CORP [ NSC ] - 10-Q - Jul. 23, 2026