The earnings call reflects a company that is recovering from early-year challenges with significant improvements in operational efficiency and customer satisfaction. Despite these gains, financial metrics such as revenue and earnings per share showed declines year-over-year due to external factors like coal and fuel prices. The positive trajectory in service and cost management indicates potential for future growth, though market uncertainties remain.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call, CSX Corporation provided guidance indicating a focus on maintaining operational momentum and pursuing volume growth for the full year, despite mixed market conditions. Key metrics highlighted include a total volume that remained flat year-over-year but saw a 4% sequential increase, driven by merchandise and coal shipments. Total revenue for the quarter was $3.6 billion, down 3% from the previous year due to lower coal and fuel prices, though it improved 4% quarter-over-quarter. The reported operating margin decreased by 320 basis points compared to Q2 2024 but increased by 550 basis points sequentially, supported by improved cost performance. Earnings per share decreased by 10% year-over-year but grew by 29% quarter-over-quarter. The company emphasized ongoing projects, such as the Howard Street Tunnel and Blue Ridge rebuild, expected to complete in Q4, which will remove network constraints and enable double-stack intermodal transport on the I-95 corridor. CSX also highlighted a significant service recovery and operational improvements, with strategic initiatives aimed at sustainable growth and customer service enhancements.

Operational Improvements and Service Recovery

The network performance improved significantly with metrics such as velocity, dwell, and trip plan compliance trending upward. Cars online and dwell metrics returned to levels prior to disruptions, and there was a reduction in life-changing injuries and missed workdays.

Cost Management and Margin Expansion

Improved cost performance led to a 550 basis point sequential increase in operating margin. Overtime expenses reduced by over 15% in May and June relative to the first four months of the year.

Progress on Infrastructure Projects

Significant progress on Howard Street Tunnel and Blue Ridge rebuild projects, expected to complete in Q4, which will unlock significant capacity for the network and improve service levels.

Positive Customer Feedback

The Net Promoter Score with customers was the highest it's ever been, indicating strong customer satisfaction with service improvements.

Sequential Financial Improvements

Earnings per share grew by 29% quarter-over-quarter despite a 10% year-over-year decrease. Operating income increased by $242 million from Q1.

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

Daily Earnings Calendar >

CSX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	0.44 / -	0.46	―	―	―
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)
Oct 19, 2023	2023 (Q3)	0.43 / 0.42	0.52	-19.23% (-0.10)
Jul 20, 2023	2023 (Q2)	0.49 / 0.49	0.54	-9.26% (-0.05)

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
Jul 23, 2025	$34.97	$35.00	+0.09%
Apr 16, 2025	$27.24	$27.56	+1.17%
Jan 23, 2025	$33.39	$32.42	-2.91%
Oct 16, 2024	$35.06	$32.71	-6.70%

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 Oct 15, 2025, After Close (Confirmed).

What is CSX (CSX) earnings time?

CSX (CSX) earnings time is at Oct 15, 2025, 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 2025 (Q3) is 0.44.

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