Union Pacific (UNP) Tops Q2 EPS by 3c; updates outlook

Union Pacific (NYSE: UNP) reported Q2 EPS of $2.74, $0.03 better than the analyst estimate of $2.71. Revenue for the quarter came in at $6 billion versus the consensus estimate of $6.06 billion.

OUTLOOK

2024 Outlook

Updated

Second half volume outlook remains uncertain based on economic indicators and coal demand
Profitability outlook continues positive momentum with strong service product, improving network efficiency, and solid pricing
Share repurchases of ~$1.5 billion in 2024

Affirmed

Pricing dollars in excess of inflation dollars
No change to long-term capital allocation strategy

Capital plan of $3.4 billion

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

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