Union Pacific (UNP) Tops Q3 EPS by 5c

Union Pacific (NYSE: UNP) reported Q3 EPS of $2.51, $0.05 better than the analyst estimate of $2.46. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.99 billion.

GUIDANCE:

2023 Full Year Outlook Remains Relatively Unchanged

• Year to date softness in consumer-related volumes likely drive full year volume expectations below Industrial Production (Current forecast: 0.0%)
• Pricing dollars in excess of inflation dollars
• 2023 Capital Allocation:
  • Updated capital plan of $3.7 billion
  • Maintain dividend of $1.30/quarter
  • No further 2023 share repurchases planned

For earnings history and earnings-related data on Union Pacific (UNP) click here.

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