Union Pacific said net income for Q2 2024 was $1.7 billion, with diluted earnings per share of $2.74. Net income for Q2 2023 was $1.6 billion, with diluted earnings per share of $2.57.

1. 01

   Union Pacific said net income for Q2 2024 was $1.7 billion, with diluted earnings per share of $2.74. Net income for Q2 2023 was $1.6 billion, with diluted earnings per share of $2.57.

2. 02

   The company said operating revenue for Q2 rose 1% to $6.0 billion, and operating income rose 9% to $2.4 billion. Its operating ratio improved to 60.0%, a 300 basis points improvement. The company said the sale of intermodal equipment helped the operating ratio by 70 basis points.

3. 03

   The company said its operating cash flow for the first 6 months of 2024 was $4,033 million and its free cash flow was $853 million. For the same period in 2023, they were $3,858 million and $596 million, respectively.

4. 04

   The company said it expects share repurchases of about $1.5 billion in 2024, and that its capital plan of $3.4 billion and its long-term capital allocation strategy are unchanged. It said the second-half volume outlook remains uncertain, citing continued weak economic indicators and coal demand.

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.

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

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