- Union Pacific (UNP, Financial) reports first quarter 2025 net income of $1.6 billion, matching previous year's results.
- First quarter earnings per diluted share remains steady at $2.70.
- Operating ratio flat at 60.7%, with 7% volume growth and a 4% rise in freight revenue excluding fuel surcharge.
Union Pacific Corporation (UNP) has announced its first quarter results for 2025, reporting a net income of $1.6 billion, or $2.70 per diluted share. These figures mirror the company's performance from the same period in 2024, when it also posted a net income of $1.6 billion, though earnings per share were slightly lower at $2.69.
Operating revenues for the first quarter totaled $6.0 billion, consistent with the prior year. This stability was achieved despite a 7% increase in volume, as gains were counterbalanced by a mix of lower fuel surcharge revenue and other financial adjustments. Freight revenue increased by 1%, with growth particularly strong when excluding fuel surcharge impacts, showing a 4% rise.
Union Pacific's operating ratio, a key efficiency metric, remained at 60.7%, consistent with last year. This was despite challenges including reduced fuel prices and the impact of a leap year. However, productivity improvements and lower fuel costs helped offset these headwinds.
Jim Vena, CEO of Union Pacific, highlighted the company's commitment to safety and operational excellence, stating that their strategic initiatives are well-positioned to continue delivering robust performance throughout 2025.
The company continues to adhere to its long-term capital allocation strategy, projecting capital investments of $3.4 billion and share repurchases ranging from $4.0 to $4.5 billion for the year.
