Union Pacific (NYSE: UNP) reported Q1 EPS of $2.67, $0.09 better than the analyst estimate of $2.58. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6.06 billion.

Maintaining 2023 Full Year Guidance:

• Carloads to exceed Industrial Production
• Current Industrial Production forecast: -0.7%
• Operating ratio improvement
• Pricing dollars in excess of inflation dollars
• Capital Allocation:
• Capital spending less than 15% of revenue
• Capital plan of $3.6 billion
• Long term dividend payout target of ~45% of earnings
• Excess cash to share repurchases

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