Union Pacific (NYSE:UNP) reported Q2 EPS of $2.93, $0.06 better than the analyst estimate of $2.87. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $6.15 billion.
2022 Guidance: First Half 2022 Results Challenge Previous Full Year Volume and Operating Ratio Targets:
Updated
- Stronger second half volumes should produce full year carload growth of 4% to 5%
- Full year operating ratio around 58%
- Second half operating ratio improvement vs. 2021
- Second half incremental margins around 50%
Affirmed
- Pricing gains in excess of inflation dollars
- Capital spending of $3.3 billion
- Long term dividend payout target of 45% of earnings
- Share repurchases in line with 2021