Overview

* Union Pacific Q3 2025 revenue increased 3%, beats analyst expectations

* Adjusted EPS for Q3 2025 beat analyst expectations

* Company focused on merger with Norfolk Southern to create transcontinental railroad

Outlook

* Union Pacific ( UNP ) expects EPS growth consistent with attaining the 3-year CAGR target of high-single to low-double digit

* Company plans $3.4 bln capital allocation for 2025

* Union Pacific ( UNP ) pauses share repurchases due to Norfolk Southern merger

Result Drivers

* CORE PRICING GAINS - Operating revenue increased 3% driven by solid core pricing gains, partially offset by lower fuel surcharge

* OPERATIONAL EFFICIENCY - Improved freight car velocity and locomotive productivity contributed to operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Total Beat $6.24 $6.23

operatin bln bln (18

g Analysts

Revenue )

Q3 Beat $3.08 $2.99

ADJUSTED (21

EPS Analysts

)

Q3 EPS $3.01

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy"

* Wall Street's median 12-month price target for Union Pacific Corp ( UNP ) is $263.00, about 13.9% above its October 21 closing price of $226.54

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)