Union Pacific reports record results. Union Pacific stock is 2.78 percent below its high

Published on 10/23/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share rose 15 percent in the third quarter. Union Pacific stock costs EUR 265.20 on October 23, 2026, 0.76 percent above Xetra's close.

Third-quarter performance and costs

On October 22, 2026, Union Pacific reported operating revenue of USD 7.2 billion, up 15 percent.
Adjusted earnings per share reached USD 3.53 in the third quarter of 2026, while the adjusted operating ratio was 58.8 percent.
Union Pacific stock trades at EUR 265.20 at 10:29 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.76 percent above the Xetra close of October 22, 2026.
The company set a USD 3.5 billion capital plan for 2026 and affirmed high-single-digit reported earnings-per-share growth.

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Union Pacific (ISIN US9078181081) was trading at EUR 265.20 at Lang & Schwarz on October 23, 2026, at 10:29 a.m. CEST, 0.76 percent above the Xetra close of October 22, 2026 at EUR 263.20. The railroad reported record third-quarter results on October 22, 2026, according to Union Pacific. For investors, the central issue is whether volume growth can continue to offset higher fuel costs.

Revenue growth reaches 15 percent

Operating revenue rose 15 percent year over year to USD 7.2 billion in the third quarter of 2026. Net income increased 16 percent to USD 2.1 billion, while reported diluted earnings per share reached USD 3.49, also up 16 percent, according to Union Pacific.

Freight carloads grew 6 percent. Intermodal carloads increased 11 percent to 956,000, while intermodal revenue rose 27 percent to USD 1.52 billion, FreightWaves reported on October 22, 2026.

What does fuel do to margins?

Fuel remains the clearest counter-factor. The reported operating ratio improved to 59.1 percent from 59.2 percent a year earlier, but the adjusted ratio increased to 58.8 percent from 58.5 percent. Union Pacific said higher fuel prices affected the reported ratio by 140 basis points in the third quarter of 2026.

The company affirmed high-single-digit reported earnings-per-share growth for 2026 and updated its capital plan to USD 3.5 billion. That combination places execution and fuel management ahead of simple revenue growth in the next results cycle.

Stock remains below its yearly high

The primary listing is on the NYSE under ticker UNP. The stock's USD 298.09 last price on October 22, 2026, leaves it below the USD 315.99 52-week high, while the euro quotation remains within the corresponding market range. Union Pacific operates freight rail services across 23 western US states and serves agricultural, industrial, energy, automotive and intermodal customers.

Union Pacific stock was trading at EUR 265.20 at Lang & Schwarz on October 23, 2026, at 10:29 a.m. CEST, 0.76 percent above the Xetra close of October 22, 2026 at EUR 263.20. The further course of trading is shown by the continuously updated real-time quote of Union Pacific stock.