AI English summary of an SEC filing — figures as filed

Union Pacific said first-quarter net income was $1.6 billion, or $2.70 per diluted share, for Q1 2025. Net income for Q1 2024 was $1.6 billion, or $2.69 per diluted share.

8-KResults of Operations and Financial ConditionFiled Apr 24, 2025Period of report Apr 24, 2025Summary published (UTC) Oct 9, 2026

Key points

AI summary

Union Pacific said first-quarter net income was $1.6 billion, or $2.70 per diluted share, for Q1 2025. Net income for Q1 2024 was $1.6 billion, or $2.69 per diluted share.
The company said operating revenue for Q1 2025 was flat at $6.0 billion compared with Q1 2024, and volume rose 7%. Operating expenses were also unchanged, and the operating ratio was 60.7%, the same as in 2024.
Union Pacific reported operating cash flow of $2,210 million, cash used in investing activities of $938 million and dividends paid of $804 million for Q1 2025. Free cash flow, a non-GAAP measure, was $468 million, $525 million for Q1 2024.
The company reaffirmed its 2025 outlook and outlined a capital plan of $3.4 billion and share repurchases of $4.0 billion to $4.5 billion. It said there was no change to its long-term capital allocation strategy.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Union Pacific Q1 2025 net income and diluted earnings per share

Union Pacific said first-quarter net income was $1.6 billion, or $2.70 per diluted share, for Q1 2025. Net income for Q1 2024 was $1.6 billion, or $2.69 per diluted share.

Source · Based on the filing body and exhibits

Operating revenue and operating expenses unchanged, operating ratio 60.7%

The company said operating revenue for Q1 2025 was flat at $6.0 billion compared with Q1 2024, and volume rose 7%. Operating expenses were also unchanged, and the operating ratio was 60.7%, the same as in 2024.

Source · Based on the filing body and exhibits

Operating Cash Flow and Free Cash Flow for Q1

Union Pacific reported operating cash flow of $2,210 million, cash used in investing activities of $938 million and dividends paid of $804 million for Q1 2025. Free cash flow, a non-GAAP measure, was $468 million, $525 million for Q1 2024.

Source · Based on the filing body and exhibits

Reaffirms 2025 Outlook and Capital Plan

The company reaffirmed its 2025 outlook and outlined a capital plan of $3.4 billion and share repurchases of $4.0 billion to $4.5 billion. It said there was no change to its long-term capital allocation strategy.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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