CSX (CSX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 22, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.4

Last Year’s EPS

0.34

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 22, 2026|

% Change Since:

Earnings Call Sentiment|Negative

The call balanced significant near-term challenges with actionable management responses. Q4 showed modest volume growth and notable intermodal strength plus clear operational and safety improvements, but results were materially weakened by a steep 97% decline in operating income and EPS, revenue and yield pressures (mix and coal pricing), and one-time charges and expense increases. Management provided specific cost savings programs (100+ initiatives), non‑recurring charge clean-up, capital discipline (CapEx < $2.4B) and ambitious margin targets (200–300 bps improvement) and FCF growth guidance (≥50%), but execution risk and a soft macro/inventory backdrop limit visibility. Given the severity of the reported earnings decline and ongoing market headwinds offsetting the positives and plans, the overall tone is cautiously negative.

Company Guidance

CSX guided 2026 to low single‑digit revenue growth (assuming flat industrial production, modest GDP growth and fuel/coal prices near current levels), targets operating‑margin expansion of 200–300 basis points, plans capital expenditures below $2.4 billion, and expects free cash flow to increase at least 50% versus 2025; management noted 2025 included roughly $150 million of unique charges (about $50 million in Q4 — ~$31M separation and ~$21M technology impairments) that largely will not recur, ending real headcount finished the quarter down over 3%, and inflation assumptions are ~3–3.5% overall with a ~3.75% union wage increase next year. In Q4 operational/revenue metrics cited: total volume +1% and total revenue −1% (total RPU −2%), intermodal revenue +7% on volume +5%, coal volume +1% (domestic +6%, exports −3%; coal revenue −5%, coal RPU −6%), merchandise volume & revenue −2%, chemicals −6%, forest products −11%, fertilizer +7%, and automotive −5% — with the 200–300 bps margin improvement expected to come from workforce optimization, tighter discretionary spend, productivity gains and cycling of prior one‑time costs while preserving safety and service.

Modest Volume Growth and Intermodal Strength

Total company volume increased 1% in Q4. Intermodal revenue grew 7% year over year on a 5% increase in volume, driven by new domestic and international wins and faster transit times.

Safety and Operational Improvements

Full-year declines in FRA injury and accident rates with Q4 posting the year's best metrics. Fluidity metrics (velocity, CarsOnline, dwell, trip plan compliance) showed substantial improvement from Q1 to Q4, indicating stabilized, higher-quality service.

Cost Actions and Productivity Initiatives

Management identified well over 100 diverse savings initiatives across the company targeting labor, PS&O, outside/professional services, asset utilization and discretionary spend. Guidance implies 200–300 basis points of operating margin expansion in 2026 driven by workforce optimization and tighter discretionary expense management.

Non-Recurring Charges Mostly Addressed / One-Time Items

Company disclosed approximately $50 million of Q4 charges ($31 million separation costs, $21 million technology impairments). Management also cited roughly $150 million of unique 2025 charges (severance, tech write-offs, network/Howard Street/Blue Ridge-related costs) that are not expected to repeat in 2026.

Capital Discipline and Free Cash Flow Outlook

2026 capital spending planned below $2.4 billion (a substantial reduction versus prior year) with free cash flow expected to grow at least 50% versus 2025 due to higher earnings, a more normalized cash tax rate and lower CapEx.

Coal Domestic Recovery and Select Commodity Strength

Coal volume increased 1% in Q4 with domestic tonnage up 6% (support from higher power demand and rising natural gas prices). Fertilizer volume increased 7% and minerals shipments remained supported by infrastructure activity.

Howard Street / Infrastructure Progress

Howard Street: first of two bridges raised enabling eventual double-stack capability; customers are bidding now for volume expected to begin moving double-stack through the tunnel in Q2. Blue Ridge project complete, improving network capability.

Leadership and Governance Reset

Renewed leadership team and compensation emphasis on a narrow set of high‑impact metrics (operating income / margin, safety, and long-term return on capital) to drive fiscal responsibility and disciplined execution.

Operational Preparedness and Storm Response

Management highlighted stronger network condition and detailed storm preparedness (senior coverage, snow/tree clearing, generators, modified operating plans) relative to prior-year weather disruptions, aiming for faster recovery and less persistent disruption risk.

CSX (CSX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CSX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 22, 2026	2026 (Q1)	0.40 / -	0.34	―	―	―
Jan 22, 2026	2025 (Q4)	0.41 / 0.39	0.42	-7.14% (-0.03)
Oct 16, 2025	2025 (Q3)	0.42 / 0.44	0.46	-4.35% (-0.02)
Jul 23, 2025	2025 (Q2)	0.42 / 0.44	0.49	-10.20% (-0.05)
Apr 16, 2025	2025 (Q1)	0.36 / 0.34	0.46	-26.09% (-0.12)
Jan 23, 2025	2024 (Q4)	0.42 / 0.42	0.45	-6.67% (-0.03)
Oct 16, 2024	2024 (Q3)	0.48 / 0.46	0.42	9.52% (+0.04)
Aug 05, 2024	2024 (Q2)	0.48 / 0.49	0.49	0.00% (0.00)
Apr 17, 2024	2024 (Q1)	0.45 / 0.46	0.48	-4.17% (-0.02)
Jan 24, 2024	2023 (Q4)	0.44 / 0.45	0.49	-8.16% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CSX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 22, 2026	$35.78	$36.64	+2.40%
Oct 16, 2025	$35.86	$36.47	+1.70%
Jul 23, 2025	$34.70	$34.73	+0.09%
Apr 16, 2025	$27.03	$27.35	+1.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does CSX (CSX) report earnings?

CSX (CSX) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).

What is CSX (CSX) earnings time?

CSX (CSX) earnings time is at Apr 22, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CSX EPS forecast?

CSX EPS forecast for the fiscal quarter 2026 (Q1) is 0.4.