Revenue and Financial Performance - In 2025, the company generated total freight revenues of $23.2 billion, with Bulk shipments accounting for 33%, Industrial shipments for 37%, and Premium shipments for 30% of total revenues[35][37][40]. - Total operating revenues for 2025 reached $24.51 billion, a slight increase from $24.25 billion in 2024 and $24.12 billion in 2023[271]. - Freight revenues accounted for $23.22 billion in 2025, up from $22.81 billion in 2024 and $22.57 billion in 2023[271]. - Net income for 2025 was $7.14 billion, compared to $6.75 billion in 2024 and $6.38 billion in 2023, reflecting a year-over-year growth of 5.8%[271]. - Earnings per share (EPS) for 2025 was $12.00, an increase from $11.10 in 2024 and $10.47 in 2023[271]. - Other income increased to $629 million in 2025, up from $350 million in 2024, contributing positively to overall financial performance[271]. - Comprehensive income for 2025 was $7.27 billion, an increase from $6.64 billion in 2024, driven by improved net income and other comprehensive income factors[272]. - Total assets increased to $69.698 billion in 2025 from $67.715 billion in 2024, representing a growth of 2.9%[274]. - Total operating expenses decreased to $14.66 billion in 2025 from $14.54 billion in 2024, indicating improved cost management[271]. - Cash provided by operating activities was $9.290 billion in 2025, slightly down from $9.346 billion in 2024[275]. Employee and Safety Metrics - The company employed an average of 29,287 employees in 2025, with a retention rate of 89%[43][53]. - The personal injury rate improved by 24% to 0.68, and the derailment incident rate improved by 19% to 1.75 in 2025 compared to 2024[48]. - The median annual compensation for all employees (excluding the CEO) was $107,889 as of December 31, 2025[52]. Environmental and Safety Initiatives - The company is committed to reducing greenhouse gas emissions, with freight rail being three to four times more fuel-efficient than trucks, thus contributing to lower scope 3 GHG emissions for customers[64]. - The company maintains a comprehensive security plan and has achieved accreditation under CALEA for law enforcement standards[55]. - The company collaborates with various government agencies and trade associations to enhance safety and security measures across its operations[58][63]. Capital Investments and Shareholder Returns - Capitalized costs to properties in 2025 were $3.9 billion, reflecting significant investment in asset management and expansion[265]. - Dividends paid increased to $3.236 billion in 2025 from $3.213 billion in 2024, a rise of 0.7%[275]. - Share repurchase programs totaled $2.694 billion in 2025, up from $1.505 billion in 2024, reflecting an increase of 78.9%[275]. - The company has authorized the repurchase of up to 100 million shares of common stock by March 31, 2028, with 6.1 million shares repurchased as of December 31, 2025[416]. - The average price paid for shares repurchased in 2025 was $227.20, with a total of 11.9 million shares repurchased[417]. - The company paused its share repurchase program due to the pending acquisition of Norfolk Southern[416]. Debt and Liabilities - Total liabilities increased to $51.231 billion in 2025 from $50.825 billion in 2024, a rise of 0.8%[274]. - Total debt as of December 31, 2025, was $31.814 billion, an increase from $31.192 billion in 2024[394]. - The fair value of total debt at December 31, 2025, was estimated at $26.5 billion, approximately $5.3 billion less than the carrying value[393]. - The company maintained an adjusted debt-to-EBITDA coverage ratio allowing for up to $47.7 billion of debt, with $33.5 billion outstanding as of December 31, 2025[396]. Pension and Employee Benefits - The projected benefit obligation (PBO) for pension plans decreased to $3.275 billion in 2025 from $3.513 billion in 2024, while the fair value of plan assets increased to $3.978 billion from $4.068 billion[333]. - The funded status of the pension plans improved to $703 million in 2025 from $555 million in 2024[334]. - The net periodic pension cost for 2025 was a benefit of $14 million, compared to a cost of $3 million in 2024 and no cost in 2023[339]. - Cash contributions to the non-qualified pension plan were $33 million in 2025, slightly up from $32 million in 2024[341]. - The accumulated benefit obligation (ABO) for all defined benefit pension plans was $3.2 billion as of December 31, 2025[336]. Taxation and Compliance - Total income tax expense for 2025 was $2,028 million, a slight decrease from $2,047 million in 2024[363]. - Federal taxes for 2025 amounted to $1,925 million, maintaining an effective tax rate of 21.0% consistent with previous years[364]. - Unrecognized tax benefits at December 31, 2025, were $27 million, down from $32 million in 2024, indicating a reduction in potential tax benefits[367]. Environmental Liabilities - The company has identified 343 sites for potential environmental remediation costs, with ongoing monitoring costs included in the environmental liability[413]. - Environmental liability has an ending balance of $259 million as of December 31, 2025, with accruals of $70 million during the year[414].

Union Pacific Corporation (NYSE:UNP) is included among the 15 Best Wide Moat Dividend Stocks to Invest in. Union Pacific, Wabtec Strike Landmark $1.2B Locomotive Modernization Deal On February 4, Union Pacific Corporation (NYSE:UNP) and Wabtec reached a $1.2 billion agreement to overhaul Union Pacific’s AC4400 locomotive fleet. The companies called it “the largest locomotive modernization investment in rail industry history,” with deliveries slated to begin in 2027. The timing reflects a broader shift a ...

Key Takeaways Union Pacific struck a $1.2B agreement with Wabtec to modernize a locomotive fleet. WAB gains revenue visibility as the deal delivers fuel savings, higher tractive effort and reliability. UNP targets efficiency, sustainability, and asset life extension by embedding diagnostics and control.Union Pacific(UNP) is doubling down on large-scale fleet modernization with its $1.2 billion agreement with Westinghouse Air Brake Technologies (WAB) , operating as Wabtec Corporation, a move that signals a ...

Group 1 - Union Pacific Corporation (NYSE:UNP) is recognized as one of the 12 Best Stocks to Buy for the Long Term [1] - TD Cowen has adjusted its price target for Union Pacific to $255 from $257 while maintaining a Buy rating, following the company's Q4 results [2] - The Q4 earnings report showed adjusted earnings of $2.86 per share, slightly below the expected $2.87, and operating revenue of $6.09 billion, also below the forecast of $6.12 billion [3][4] Group 2 - The company is facing challenges due to uneven freight demand and macroeconomic pressures, which have impacted performance [3] - Union Pacific's proposed acquisition of Norfolk Southern, valued at $85 billion, is under regulatory review and has faced opposition from rail unions concerned about job security and shipping costs [3] - Looking ahead, Union Pacific is guiding for mid-single-digit earnings growth in 2026 [4]

Soft demand is holding down revenue at Union Pacific and CSX. The Class I railroads both saw annual revenue declines of 1 percent, with Union Pacific’s operating revenue coming in at $6.1 billion and CSX reeling in $3.5 billion. Both companies say poor volumes more than offset pricing gains and higher revenues from fuel surcharges. More from Sourcing Journal Revenue carloads at Union Pacific fell 4 percent to 2.1 million, while volumes at CSX grew 1 percent to 1.6 million units. Despite the slowed volu ...

Company Overview - Union Pacific (UNP) is based in Omaha and operates in the Transportation sector, with a year-to-date share price change of 0.53% [3] - The company currently pays a dividend of $1.38 per share, resulting in a dividend yield of 2.37%, which is significantly higher than the Transportation - Rail industry's yield of 0.91% and the S&P 500's yield of 1.36% [3] Dividend Performance - The current annualized dividend of Union Pacific is $5.52, reflecting a 1.5% increase from the previous year [4] - Over the past five years, Union Pacific has increased its dividend three times, achieving an average annual increase of 7.19% [4] - The company's current payout ratio is 47%, indicating that it pays out 47% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Union Pacific anticipates solid earnings growth, with the Zacks Consensus Estimate for 2026 projected at $12.38 per share, representing a year-over-year earnings growth rate of 6.17% [5] Investment Considerations - Union Pacific is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6] - The company is positioned as a more secure dividend option compared to high-growth firms or tech start-ups, which typically do not offer dividends [6]

Goldman Sachs sets a price target of $267 for Union Pacific Corporation (NYSE:UNP), indicating a potential increase of 14.81%.Union Pacific reported a record net income of $7.1 billion and an EPS increase of 8% to $11.98.The company distributed $5.9 billion through dividends and share repurchases, showcasing its commitment to shareholder returns.Union Pacific Corporation (NYSE:UNP) is a major player in the railroad industry, providing freight transportation services across the United States. The company is ...

Goldman Sachs has adjusted its rating for Union Pacific Corporation (NYSE:UNP) to Neutral and raised its price target from $259 to $267.Union Pacific reported earnings per share of $2.86, missing the Zacks Consensus Estimate, with operating revenues of $6.08 billion.The company faces challenges such as a 4% year-over-year decline in revenue carloads but aims for mid-single-digit EPS growth and plans capital expenditures near $3.3 billion in 2026.Union Pacific Corporation (NYSE:UNP) is a major player in the ...

Core Insights - Union Pacific Corporation (UNP) reported disappointing fourth-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate [1][9] Financial Performance - Quarterly earnings (excluding 25 cents from non-recurring items) were $2.86 per share, missing the Zacks Consensus Estimate of $2.90 and decreasing 1.7% year-over-year [1] - Operating revenues were $6.08 billion, missing the Zacks Consensus Estimate of $6.14 billion and falling 1% year-over-year due to lower volume, partially offset by core pricing gains and fuel surcharge revenue [2] - Revenue carloads declined 4% year-over-year, with freight revenues (94.5% of total revenues) falling 1% year-over-year to $5.75 billion [2] - Operating income decreased 5% year-over-year to $2.40 billion, while total operating expenses increased 2% year-over-year to $3.68 billion [3] - The operating ratio improved by 190 basis points year-over-year to 60% on an adjusted basis [3] Segment Performance - Bulk freight revenues increased 3% year-over-year to $1.91 billion, with segmental revenue carloads also up 3% [4] - Industrial freight revenues rose 1% year-over-year to $2.11 billion, with segmental revenue carloads increasing 1% [4] - Premium division freight revenues decreased 6% year-over-year to $1.72 billion, with premium revenue carloads down 10% [5] Liquidity and Financial Outlook - Union Pacific ended Q4 2025 with cash and cash equivalents of $1.26 billion, up from $808 million in the prior quarter, while debt remained flat at $30.29 billion [6] - For 2026, earnings per share are expected to grow in the mid-single digits, with capital expenditure projected at approximately $3.3 billion [7] - The company aims to improve its operating ratio and continue generating strong cash while increasing annual dividend payouts [7]

Deep-pocketed investors have adopted a bullish approach towards Union Pacific (NYSE:UNP), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UNP usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Union P ...