Union Pacific's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-22. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $7,197 million (+15.3% vs a year earlier) |
| Diluted EPS (GAAP) | $3.49 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $3.53 |
| Full-year guidance | Reaffirmed |
Guidance
Union Pacific affirmed high-single-digit 2026 reported EPS growth; updated its capital plan to $3.5 billion and flagged fuel pressure on reported operating ratio.
Why this label: Outlook lists under 'Affirmed:' reported EPS growth of high-single digit; 'Updated' items are operating ratio wording and the $3.5B capital plan (non-core).
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| reported EPS growth | FY2026 | high-single digit | not stated |
| operating ratio | FY2026 | improvement from core business; reported OR challenged by high fuel prices | not stated |
| capital plan | FY2026 | $3.5 billion | not stated |
From the release
Revenue: "Total operating revenues · 7,197 · 6,244 · 15"
Earnings per share: "Diluted EPS of $3.49, up 16%, and adjusted diluted EPS* of $3.53, up 15%"
reported EPS growth: "Reported earnings per share growth of high-single digit; consistent with attaining 3-year CAGR target of high-single to low-double digit through 2027."
operating ratio: "Operating ratio improvement from core business; reported operating ratio challenged by high fuel prices."
capital plan: "Capital plan of $3.5 billion"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Record Q3 operating revenue of $7.2 billion, up 15%; EPS up 16% to $3.49.
Source
Union Pacific earnings release (SEC filing), accession 0000100885-26-000319, filed 2026-10-22.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.