AI English summary of an SEC filing — figures as filed
Union Pacific UNPUnion Pacific said it reported earnings of $2.75 per diluted share on net income of $1.7 billion and an operating ratio of 60.3% for Q3 2024. For Q3 2023, it reported earnings of $2.51 per diluted share, net income of $1.5 billion, and an operating ratio of 63.4%.
Key points
AI summaryUnion Pacific said it reported earnings of $2.75 per diluted share on net income of $1.7 billion and an operating ratio of 60.3% for Q3 2024. For Q3 2023, it reported earnings of $2.51 per diluted share, net income of $1.5 billion, and an operating ratio of 63.4%.
The company said freight revenues for Q3 2024 rose 4% from the same period a year earlier, driven by a 6% volume increase and core pricing gains, partially offset by negative mix and lower fuel surcharge revenues. It said international intermodal volume rose 33%.
Union Pacific said operating expenses for Q3 2024 fell 2% from Q3 2023, and operating income rose 11% to $2.4 billion. The company cited productivity, lower fuel prices and a 2023 write-off as factors behind the decline in expenses.
The company said it generated $2.7 billion in operating cash flow for Q3 2024 and repurchased shares worth $738 million. As of September 30, 2024, it had cash and cash equivalents of $947 million, and $2.0 billion was available under its revolving credit facility.
Key figures
Quarter ended September 30, 2024
- Revenue
- $6.1B
- Operating income
- $2.4B
- Net income
- $1.7B
- EPS
- $2.75
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Q3 2024 Results and Operating Ratio
Union Pacific said it reported earnings of $2.75 per diluted share on net income of $1.7 billion and an operating ratio of 60.3% for Q3 2024. For Q3 2023, it reported earnings of $2.51 per diluted share, net income of $1.5 billion, and an operating ratio of 63.4%.
Source · Based on the MD&A text of the filing
Q3 Freight Revenue and Volume
The company said freight revenues for Q3 2024 rose 4% from the same period a year earlier, driven by a 6% volume increase and core pricing gains, partially offset by negative mix and lower fuel surcharge revenues. It said international intermodal volume rose 33%.
Source · Based on the MD&A text of the filing
Q3 Operating Expenses and Operating Income
Union Pacific said operating expenses for Q3 2024 fell 2% from Q3 2023, and operating income rose 11% to $2.4 billion. The company cited productivity, lower fuel prices and a 2023 write-off as factors behind the decline in expenses.
Source · Based on the MD&A text of the filing
Q3 Cash Flow and Liquidity
The company said it generated $2.7 billion in operating cash flow for Q3 2024 and repurchased shares worth $738 million. As of September 30, 2024, it had cash and cash equivalents of $947 million, and $2.0 billion was available under its revolving credit facility.
Source · Based on the MD&A text of the filing
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.
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