Union Pacific Corp. (NYSE: UNP) reported Q1 EPS of $2.38, $0.01 better than the analyst estimate of $2.37. Revenue for the quarter came in at $5.64 billion versus the consensus estimate of $5.7 billion.

Summary:

• Quarterly freight revenue increased 6 percent compared to the first quarter 2013, driven by volume growth and core pricing gains.
• Union Pacific's operating ratio of 67.1 percent was a first quarter record, 2.0 points better than the first quarter 2013.
• The average quarterly diesel fuel price of $3.12 per gallon in the first quarter 2014 was down 3 percent compared to the first quarter 2013.
• Quarterly train speed, as reported to the Association of American Railroads, was 24.5 mph, down 7 percent versus the first quarter 2013.
• The Company repurchased 3.8 million shares in the first quarter 2014 at an average share price of $178.85 and an aggregate cost of $683 million.

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