Union Pacific (UNP) Tops Q2 EPS by 13c, Beats on Revenue; Offers Guidance

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Union Pacific Reports Second Quarter 2025 Results

July 24, 2025 7:45 AM EDT

Diluted earnings per share (EPS) of $3.15 and adjusted diluted EPS* of $3.03 Operating ratio (OR) of 59.0% and adjusted OR* of 58.1% Revenue carloads up 4%

OMAHA, Neb.--(BUSINESS WIRE)-- Union Pacific Corporation (NYSE: UNP) today reported 2025 second quarter net income of $1.9 billion, or $3.15 per diluted share. Results compare to 2024 second quarter net income of $1.7 billion, or $2.74 per diluted share.

Second quarter 2025 results include a deferred tax benefit of $115 million, or $0.19 per diluted share, partially offset by a crew staffing agreement of $55 million, or $0.07 per diluted... More