Union Pacific said it reported diluted earnings per share of $2.69, net income of $1.6 billion, and an operating ratio of 60.7% for Q1 2024. For Q1 2023, earnings were $2.67 per share, net income was $1.6 billion, and the operating ratio was 62.1%.

1. 01

   Union Pacific said it reported diluted earnings per share of $2.69, net income of $1.6 billion, and an operating ratio of 60.7% for Q1 2024. For Q1 2023, earnings were $2.67 per share, net income was $1.6 billion, and the operating ratio was 62.1%.

2. 02

   The company said freight revenues fell 1% year over year in Q1 2024, volume declined 1%, and ARC was flat. Fuel surcharge revenues decreased from $883 million to $665 million.

3. 03

   Union Pacific said operating expenses fell 3% year over year in Q1 2024, citing productivity gains and lower fuel prices. It said operating income rose 3% to $2.4 billion, and the operating ratio improved 1.4 points.

4. 04

   The company said it generated $2.1 billion of cash from operating activities in Q1 2024 and drew $400 million on the Receivables Facility. As of March 31, it had $925 million of cash and cash equivalents and $2.0 billion of available revolving credit facility capacity.

Key figures

Quarter ended March 31, 2024

Revenue

$6.0B

Operating income

$2.4B

Net income

$1.6B

EPS

$2.69

Operating cash flow

$2.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.