Union Pacific said it reported earnings of $2.74 per diluted share, net income of $1.7 billion, and an operating ratio of 60.0% for Q2 2024, compared with $2.57 per diluted share, net income of $1.6 billion, and an operating ratio of 63.0% for Q2 2023.

1. 01

   Union Pacific said it reported earnings of $2.74 per diluted share, net income of $1.7 billion, and an operating ratio of 60.0% for Q2 2024, compared with $2.57 per diluted share, net income of $1.6 billion, and an operating ratio of 63.0% for Q2 2023.

2. 02

   The company said operating expenses fell 4% in Q2 2024 from Q2 2023. It cited productivity, a one-time $67 million expense in 2023, a $46 million gain on the sale of intermodal equipment in 2024, and lower fuel prices as drivers of the decline.

3. 03

   Union Pacific said freight revenues rose 1% in Q2 2024 from the same period of 2023. It said the increase was driven by core pricing gains and a slight increase in volume, partially offset by negative mix and lower fuel surcharge revenues.

4. 04

   The company said it generated $1.9 billion in operating cash flow in Q2 2024, repurchased $111 million of its shares, and held $1.1 billion in cash and cash equivalents as of June 30, 2024.

Key figures

Quarter ended June 30, 2024

Revenue

$6.0B

Operating income

$2.4B

Net income

$1.7B

EPS

$2.74

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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.