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Oct 23, 2025 12:20 PM

Union Pacific Reaffirms 2025 Growth Goals As CEO Touts Historic Rail Merger Ahead

Union Pacific Corporation (NYSE:UNP) reported strong third-quarter 2025 financial results, driven by operational efficiency gains and core pricing.

The rail transportation company announced net income of $1.8 billion, or $3.01 per diluted share. Including the effect of merger costs of $41 million, adjusted diluted EPS was $3.08, which beat the analyst estimate of $2.99.

The company’s operating revenue increased 3% to $6.244 billion, which narrowly missed the analyst estimate of $6.245 billion.

Related: A Look Ahead: Union Pacific’s Earnings Forecast

The reported operating ratio (OR) was 59.2%, an improvement of 110 basis points, and the adjusted OR was 58.5%, an improvement of 180 basis points, underscoring the company’s focus on ...