Norfolk Southern

Q2 FY2026 EarningsQ2 FY2026 results delivered a solid beat on the top and bottom lines: revenue reached an all-time quarterly record of $3.5B vs. $3.38B expected, while adjusted EPS of $3.52 significantly outperformed the $3.32 consensus. Despite a 4% volume increase and strong pricing, the adjusted operating ratio widened by 210 bps YoY to 65.5%, primarily pressured by higher fuel expenses. Management highlighted robust demand across key markets and issued an optimistic outlook for the second half of the year.