Union Pacific Corporation (NYSE:UNP) Bank of America Industrials, Transportation & Airlines Key Leaders Conference May 14, 2025 9:30 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Ken Hoexter To the next part of Day Two of our BofA Industrials, Transportation, and Airlines Key Leaders Conference. Certainly, key leader is definitely a proposed for our next panel. For those new to the room, I'm ...

Union Pacific (UNP) 2025 Conference May 14, 2025 09:30 AM ET Speaker0 To the next part of of day two of our BofA Industrials Transportation and Airlines Key Leaders Conference. Certainly, a key leader is definitely a pro quo for our next our next panel. For those new to the room, I'm Ken Hoexter, BofA's air freight and surface transportation and marine shipping analyst. Next up, we welcome Union Pacific CEO Jim Vena, his fourth time joining us here, CFO Jen Hayman for her third time presenting and many more ...

UNION PACIFIC CORPORATION JIM VENA – CHIEF EXECUTIVE OFFICER JENNIFER HAMANN – CHIEF FINANCIAL OFFICER BANK OF AMERICA 2025 INDUSTRIALS, TRANSPORTATION & AIRLINES CONFERENCE 1 Cautionary Information This presentation and related materials contain statements about the Company's future that are not statements of historical fact, including specifically the statements regarding the Company's expectations with respect to economic conditions and demand levels, its ability to improve network performance (including ...

Union Pacific (UNP) FY Conference Summary Industry Overview - The conference focuses on the railroad industry, specifically Union Pacific (UNP) and its operational strategies and financial outlook. Core Points and Arguments 1. **Strategic Foundation**: Union Pacific emphasizes safety as its primary focus, which is crucial for employees, customers, and communities [2][3] 2. **Growth Targets**: The company aims to grow its business volumes faster than the markets it serves, with a commitment to improving revenues through effective pricing strategies [5][6] 3. **Financial Goals**: Union Pacific targets high single-digit to low double-digit growth in earnings per share (EPS) over the next three years, with a commitment to maintaining the best operating ratio and return on invested capital (ROIC) in the industry [7][8] 4. **Capital Investment**: The company plans to invest between $3.4 billion and $3.7 billion annually, with a 45% dividend payout ratio, continuing a track record of increasing dividends for 17 consecutive years [8][9] 5. **Share Repurchases**: Union Pacific intends to repurchase between $4 billion and $5 billion of its shares annually over the next three years [10] 6. **Volume Performance**: In April, Union Pacific reported a 7% year-over-year increase in volumes, with international intermodal volumes up over 30% [14][15] 7. **Market Diversification**: The company operates across 23 states, allowing it to offset declines in specific areas with growth in others, particularly in international intermodal and coal segments [16][26] 8. **Freight Mix**: International intermodal is identified as the lowest average revenue per car business, while coal volumes were up 5% in the first quarter, but still below the system average [22][23] 9. **Investment in Mexico**: Union Pacific owns 26% of a Mexican railroad, which has seen significant growth in automotive and intermodal sectors, positioning the company well for nearshoring opportunities [32][34] 10. **Adaptive Planning Technology**: The company is developing adaptive planning technology to improve operational efficiency, akin to navigation apps that suggest optimal routes [54][55] 11. **Competitive Landscape**: Union Pacific acknowledges the potential threat from EV trucking and autonomous vehicles but believes its existing infrastructure and technology will maintain its competitive edge [58][60] Additional Important Insights - **Regulatory Environment**: The company operates under strict regulations regarding mergers and acquisitions, which can impact growth strategies [42][43] - **Market Challenges**: Union Pacific faces challenges from fluctuating coal demand and international trade tariffs, which may affect future growth [11][12][49] - **Operational Efficiency**: The focus on improving margins through pricing and productivity is critical, especially as the industry faces flat growth overall [48][50] This summary encapsulates the key points discussed during the Union Pacific FY Conference, highlighting the company's strategic focus, financial goals, and operational challenges within the railroad industry.

The transportation industry is highly sensitive to tariffs. Tariffs can affect freight costs, disrupt supply chains, and lower trade volumes.Union Pacific (UNP -0.75%) is one of the largest railroads in North America. With a focus on the western two-thirds of the U.S., it also connects to Canada's rail systems and serves all six major Mexico gateways.On paper, Union Pacific may appear to be highly sensitive to trade tensions. However, the company reported good earnings in its most recent quarter and held it ...

Union Pacific Corporation UNP reported worse-than-expected first-quarter 2025 results on Thursday.Union Pacific reported operating revenue of $6.027 billion, flat year-over-year, missing the consensus of $6.08 billion. Freight revenue was $5.691 billion, with Bulk up 1 % year over year, Industrial down 1%, and Premium up 5%. Revenue carloads were up 7%.Earnings per share were $2.70 compared to $2.69 a year ago, below the consensus of $2.75.“The team delivered a solid start to the year as we worked closely w ...

Group 1 - The article emphasizes the importance of in-depth research on various income alternatives such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1] - It suggests that the financial publications have been focusing on two prominent words over the past two months, indicating a significant trend in the market [1] Group 2 - There is a mention of a beneficial long position in the shares of UNP, indicating a positive outlook on the stock [2] - The article expresses personal opinions of the author without any compensation from companies mentioned, highlighting an independent analysis [2] Group 3 - The article clarifies that past performance does not guarantee future results, which is a common disclaimer in financial analysis [3] - It notes that the views expressed may not reflect those of the entire platform, indicating a diversity of opinions among analysts [3]

Union Pacific (UNP) Q1 2025 Earnings Call April 24, 2025 03:38 PM ET Company Participants Jim Vena - CEOJennifer Hamann - Executive VP & CFOKenny Rocker - Executive VP of Marketing & SalesEric Gehringer - Executive VP of OperationsKen Hoexter - Managing DirectorJonathan Chappell - Senior Managing DirectorJoseph Hafling - VP - Equity ResearchAndrzej Tomczyk - Vice PresidentDaniel Imbro - Managing DirectorJeff Kauffman - Partner, Transportation & Logistics Equity ResearchOliver Holmes - Director - Equity Rese ...

Financial Performance - The company reported earnings of $2.70 per diluted share on net income of $1.6 billion for Q1 2025, unchanged from Q1 2024[86]. - Total operating revenues slightly decreased to $6.027 billion in Q1 2025 from $6.031 billion in Q1 2024[89]. - Other income decreased by 15% in Q1 2025 to $78 million compared to $92 million in Q1 2024[111]. - Free cash flow decreased to $468 million in Q1 2025 from $525 million in Q1 2024[136]. Revenue and Volume - Freight revenues increased by 1% to $5.691 billion in Q1 2025, driven by a 7% volume increase, offset by unfavorable business mix and lower fuel surcharge revenues[86][91]. - The company experienced a 33% increase in international intermodal business volume compared to Q1 2024[87]. - Revenues from shipments to and from Mexico decreased by 9% to $719 million in Q1 2025, driven by a 5% volume decline[102]. Operating Metrics - Operating ratio remained stable at 60.7% for both Q1 2025 and Q1 2024, with operating income also unchanged at $2.4 billion[86][88]. - Average revenue per car decreased by 5% to $2,714 in Q1 2025 compared to $2,855 in Q1 2024[97]. - Operating expenses decreased slightly to $3.656 billion in Q1 2025, driven by productivity and lower fuel prices[103]. - Gross ton-miles increased by 3% in Q1 2025 to 212.8 billion, while revenue ton-miles also increased by 3% to 104.0 billion[115]. - Freight car velocity improved by 6% in Q1 2025, reaching an average of 215 daily miles per car[117]. - Average terminal dwell time decreased by 6% in Q1 2025 to 22.1 hours[115]. Cash Flow and Investments - Cash provided by operating activities increased to $2,210 million in Q1 2025 from $2,122 million in Q1 2024[126]. - Total cash capital investments rose to $906 million in Q1 2025, up from $797 million in Q1 2024[129]. - In Q1 2025, the company generated $2.2 billion in cash from operating activities and repurchased $1.4 billion in shares[138]. Debt and Obligations - Interest expense decreased by 1% in Q1 2025 to $322 million, with a weighted-average debt level of $31.9 billion compared to $32.3 billion in Q1 2024[112]. - Total contractual obligations as of March 31, 2025, amounted to $64.768 billion, with $2.676 billion due in 2025[141]. - The company has $61.298 billion in debt obligations, with $1.874 billion due in 2025[141]. - Purchase obligations total $1.790 billion, with $568 million due in 2025[141]. - Operating leases total $1.176 billion, with $182 million due in 2025[141]. - The company expects to remain in compliance with its debt covenants[138]. Future Outlook - The capital plan for 2025 is expected to be approximately $3.4 billion, consistent with 2024, focusing on growth and infrastructure improvements[131]. - There are no known trends or uncertainties that are likely to materially affect the company's financial condition as of the filing date[140].

Call Start: 08:45 January 1, 0000 9:58 AM ET Union Pacific Corporation (NYSE:UNP) Q1 2025 Earnings Conference Call April 24, 2025, 8:45 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Kenny Rocker - Executive Vice President, Marketing and Sales Eric Gehringer - Executive Vice President, Operations Wes Hutcherson - Former Executive Vice President, Marketing and Sales Conference Call Participants Chris Wetherbee - Wells Fargo Tom Wadewitz - UBS Fadi Cham ...