Norfolk Southern said its Q3 2026 revenue was $3.5 billion, income from railway operations was $1.2 billion, the operating ratio was 67.4%, and diluted earnings per share were $3.37.

1. 01

   Norfolk Southern said its Q3 2026 revenue was $3.5 billion, income from railway operations was $1.2 billion, the operating ratio was 67.4%, and diluted earnings per share were $3.37.

2. 02

   The company said railway operating revenue reached a quarterly record of $3.5 billion, up $423 million, or 14%, from Q3 2025. It said volume rose 3%, and higher fuel surcharges accounted for 8 points of the revenue growth.

3. 03

   Excluding merger-related expenses and the effects of the Eastern Ohio incident, Norfolk Southern said adjusted income from railway operations for Q3 2026 was $1,220 million, the adjusted operating ratio was 65.4%, and adjusted diluted earnings per share were $3.62.

4. 04

   Norfolk Southern said income from railway operations for Q3 2026 rose $52 million, or 5%, from Q3 2025, and diluted earnings per share rose $0.21, or 7%, to $3.37. The company said the operating ratio was 67.4%, compared with 64.6% in Q3 2025.

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Original filing

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