Union Pacific Corporation
- Union Pacific Corp soared 10.3% to $237.23 despite the company reporting a decline in revenue in its latest quarter.
Revenue in the second quarter declined 5% to $6 billion from $6.3 billion and net income fell 14% to $1.6 billion from $1.8 billion and diluted earnings per share dropped to $2.57 from $2.93 a year ago.
The company proposed a dividend payment of $1.30 a share, same as previous quarter and no share repurchases are planned for the remainder of the year.
The company appointed Jim Vena as chief executive as of August 14 and also appointed Doyle Simons and Doyle Wiehoff to its Board of Directors, effective immediately.
Jul 26, 2023 - Union Pacific Corp said revenue in the first quarter increased 3% to $6.1 billion, driven by 3% increase in fuel surcharge and partially offset by negative volume mix and 1% decline in revenue carloads. Operating ratio deteriorated 270 basis points to 62.1%.
Net income in the quarter was flat at $1.63 billion and earnings per share rose 3% to $2.67 from $2.58 a year ago.
In the first quarter, freight car velocity eased 1% to 196 daily miles per car, locomotive productivity fell 5% to 123 gross ton-miles per horsepower day and average maximum train length was flat at 9,159 feet.
The company repurchased 2.9 million shares in the first quarter at an aggregate cost of $600 million.
The railroad operator guided a capital spending plan for 2023 of $3.6 billion, about 15% of total revenue and dividend payout target of 45% of earnings.
Apr 21, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.67 | 2.57 | 2.51 | - | - | |
| 2022 | 2.57 | 2.93 | 3.05 | 2.66 | 11.21 | |
| 2021 | 2 | 2.72 | 2.57 | 2.66 | 9.95 | |
| 2020 | 2.15 | 1.67 | 2.01 | 2.05 | 7.88 | |
| 2019 | 1.93 | 2.22 | 2.22 | 2.01 | 8.38 | |
| 2018 | 1.68 | 1.98 | 2.15 | 2.1 | 7.91 | |
| 2017 | 1.32 | 1.45 | 1.50 | 1.53 | 5.8 | |
| 2016 | 1.16 | 1.17 | 1.36 | 1.39 | 5.08 | |
| 2015 | 1.30 | 1.38 | 1.50 | 1.31 | 5.49 | |
| 2014 | 1.19 | 1.43 | 1.53 | 1.60 | 5.75 | |
| 2013 | 1.02 | 1.18 | 1.24 | 1.28 | 4.71 | |
| 2012 | 0.90 | 1.05 | 1.10 | 1.10 | 4.14 | |
| 2011 | 0.65 | 0.80 | 0.93 | 1.00 | 3.36 | |
| 2010 | 0.51 | 0.70 | 0.78 | 0.78 | 2.77 | |
| 2009 | 0.36 | 0.46 | 0.51 | 0.55 | 1.87 | |
| 2008 | 0.43 | 0.51 | 0.69 | 0.64 | 2.27 | |
| 2007 | 0.35 | 0.41 | 0.50 | 0.47 | 1.73 | |
| 2006 | 0.29 | 0.36 | 0.39 | 0.44 | 1.48 | |
| 2005 | 0.12 | 0.22 | 0.35 | 0.28 | 0.96 |