Union Pacific Corp. (UNP)

The company now

Union Pacific reported on 22 October 2026 that third-quarter operating revenue grew 15 percent to $7.2 billion, a record for the company 1.

Net income was $2.1 billion and diluted earnings per share, the profit per share of stock, were $3.49, against $3.01 a year earlier 1.

Volume growth of 6 percent and higher fuel surcharges, the charges added to freight bills when fuel costs rise, drove the revenue gain, the company said 1.

Fuel was the pressure point: the company said higher fuel prices worsened its operating ratio, operating costs as a share of revenue, by 140 basis points 1. The reported ratio still improved 10 basis points to 59.1 percent 1.

The 10-Q said locomotive fuel prices climbed to record levels, with the average price per gallon up 64 percent from a year earlier 2.

The open question is the Norfolk Southern acquisition, which needs approval from the Surface Transportation Board (STB), the federal regulator of rail mergers 2. On 18 August 2026 the STB set a schedule and lifted a hold on the case, a step that was not a ruling on the merits 26.

The company currently expects the merger to be completed in the second half of 2027 2. Separately, it announced on 16 October that Jennifer Hamann plans to retire as chief financial officer in early 2027 5.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.