Freight railroad reported second-quarter net income of $1.99 billion, or $3.36 a share, on higher volume, fuel surcharge and pricing, and raised its 2026 EPS growth outlook to the high-single digits.
Union Pacific reported record second-quarter 2026 results, with net income rising to $1.99 billion from $1.88 billion a year earlier and diluted EPS increasing to $3.36 from $3.15. Operating revenue rose 12% to $6.86 billion, driven by higher fuel surcharge, volume growth, core pricing gains and greater other revenue, while freight revenue excluding fuel surcharge increased 4%. The company said it improved its 2026 outlook and now expects reported earnings-per-share growth in the high-single digits.