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Union Pacific Corp. (UNP)
NYSE:UNP
US Market
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Union Pacific (UNP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 22, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
2.99
Last Year’s EPS
2.91
Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 23, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
Union Pacific delivered strong financial performance with record-setting freight revenue and improved operational metrics. However, volume declines and challenges in the intermodal and energy markets, coupled with softer economic indicators, present ongoing challenges.
Company Guidance
During Union Pacific's third-quarter 2025 earnings call, CEO Jim Vena highlighted the company's strong financial performance, driven by operational efficiencies and core pricing gains. The adjusted earnings per share (EPS) was $3.08, reflecting a 12% increase year-over-year, excluding $41 million in merger-related costs. The adjusted operating ratio improved by 180 basis points to 58.5%. The company reported record achievements in workforce productivity, fuel consumption, terminal dwell, and train line performance. Despite a slight decrease in volume, freight revenue grew 3% to $5.9 billion, with operating revenue reaching $6.2 billion. Union Pacific's strategic focus on safety and service resulted in improved safety metrics and reliable operations, reinforcing its position as a leading North American railroad. Looking ahead, the company anticipates continued strength in certain segments but faces challenges due to softer economic indicators and lower international volumes.
Strong Financial Performance
Union Pacific reported Q3 2025 earnings per share of $3.01, excluding $41 million of merger-related costs. Adjusted earnings per share increased 12% versus last year to $3.08, driven by core pricing gains and operational efficiencies.
Record Freight Revenue
Freight revenue, excluding fuel, grew for the sixth consecutive quarter and set a best-ever record. Operational efficiencies led to records in workforce productivity, fuel consumption, terminal dwell, and train line.
Improved Safety and Service
Safety and service results improved, demonstrating the company's commitment to running the safest and most reliable railroad in North America. Personal injury and derailment rates showed measurable progress.
Positive Cash Flow and Debt Management
Third quarter cash from operations totaled $7.1 billion, up 6% versus last year. Union Pacific paid down $1 billion in long-term notes, reducing the adjusted debt-to-EBITDA ratio to 2.6x.

Union Pacific (UNP) 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

UNP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 22, 2026
2025 (Q4)
2.98 / -
2.91
Oct 23, 2025
2025 (Q3)
2.99 / 3.08
2.7512.00% (+0.33)
Jul 24, 2025
2025 (Q2)
2.91 / 3.03
2.7410.58% (+0.29)
Apr 24, 2025
2025 (Q1)
2.74 / 2.70
2.690.37% (+0.01)
Jan 23, 2025
2024 (Q4)
2.79 / 2.91
2.717.38% (+0.20)
Oct 24, 2024
2024 (Q3)
2.78 / 2.75
2.519.56% (+0.24)
Jul 25, 2024
2024 (Q2)
2.70 / 2.74
2.576.61% (+0.17)
Apr 25, 2024
2024 (Q1)
2.51 / 2.69
2.670.75% (+0.02)
Jan 25, 2024
2023 (Q4)
2.58 / 2.71
2.642.65% (+0.07)
Oct 19, 2023
2023 (Q3)
2.41 / 2.51
3.19-21.32% (-0.68)
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

UNP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 24, 2025
$229.57$219.15-4.54%
Apr 24, 2025
$217.10$212.82-1.97%
Jan 23, 2025
$231.65$243.69+5.20%
Oct 24, 2024
$235.74$225.39-4.39%
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 Union Pacific Corp. (UNP) report earnings?
Union Pacific Corp. (UNP) is schdueled to report earning on Jan 22, 2026, Before Open (Confirmed).
    What is Union Pacific Corp. (UNP) earnings time?
    Union Pacific Corp. (UNP) earnings time is at Jan 22, 2026, Before Open (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 UNP EPS forecast?
          UNP EPS forecast for the fiscal quarter 2025 (Q4) is 2.99.

            Union Pacific (UNP) Earnings News

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