Union Pacific 1Q Sales Rise on Higher Pricing, Fuel Surcharges

Published: 2026-04-23 08:21:25 ET UNP

Published on 04/23/2026 at 08:21 am EDT

By Katherine Hamilton

Union Pacific said higher pricing and fuel surcharges in the first quarter boosted its revenue.

The freight company on Thursday posted a profit of $1.70 billion, or $2.87 a share, in the quarter ended March 31, compared with $1.63 billion, or $2.70 a share, a year earlier.

The profit results included merger costs of $36 million, or 6 cents a share, related to its planned merger with Norfolk Southern.

Stripping out those one-time items, adjusted per-share earnings were $2.93, ahead of the $2.86 anticipated by analysts, according to FactSet.

Revenue rose 3% to $6.22 billion. Analysts surveyed by FactSet had forecast revenue of $6.23 billion.

Sales growth was driven by core pricing gains, fuel surcharge revenue and business mix. Fuel surcharges boosted freight revenue by 1 percentage point.

Union Pacific also reaffirmed its full-year outlook.

Write to Katherine Hamilton at [email protected]

(END) Dow Jones Newswires

04-23-26 0820ET