Union Pacific Corp 2Q 2026: Revenue $6.86B, EPS $3.36— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Union Pacific Corp reported Q2 2026 revenue of $6.86B and diluted EPS of $3.36, both up year-over-year. Growth was driven by a 12% increase in freight revenues, improved operational metrics like car velocity, and pricing gains. The company outlined a $3.3B capital plan for 2026 focused on infrastructure and capacity expansion.
Union Pacific Corp reported second-quarter 2026 results with revenue of $6.86B and diluted EPS of $3.36, each up versus the prior-year quarter, driven by freight revenue growth, improved operational metrics and pricing gains.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $6.86B | $6.15B | 11.5% |
| Net income² | $1.99B | $1.88B | 6.2% |
| Diluted EPS³ | $3.36 | $3.15 | 6.7% |
¹ Reported as “Total operating revenues”. ² Reported as “Net income”. ³ Reported as “Earnings per share - diluted”.
Business Highlights
- Revenue growth was driven by freight revenues up 12% in the quarter and 8% year-to-date, supported by fuel surcharges, 2% carload growth and core pricing gains.
- Channel mix shifted with strong domestic intermodal growth (domestic intermodal up 19% in the quarter) offsetting declines in international intermodal and coal.
- Operational efficiency improved: freight car velocity rose 5%, terminal dwell declined 7% and workforce productivity improved 5%.
- Service and capacity metrics held steady with SPI at 95% for both intermodal and manifest; train length and locomotive productivity increased to support higher volumes.
- Capital plan of $3.3B for 2026 focused on infrastructure, terminals, locomotives and intermodal ramp expansions.
Original SEC Filing: UNION PACIFIC CORP [ UNP ] - 10-Q - Jul. 23, 2026