Union Pacific reports quarterly earnings miss and faces setback in Norfolk Southern merger

Union Pacific missed fourth quarter estimates as its merger with Norfolk Southern faced regulatory delays. Revenue fell amid intermodal weakness and high costs.

Insights:
Union Pacific Corporation reported its fourth-quarter 2025 financial results on Tuesday, missing analyst estimates for both profit and revenue. The West Coast railroad operator posted an adjusted profit of $2.86 per share for the quarter ending December 31, slightly below the anticipated $2.87 per share. Total operating revenue reached $6.09 billion, falling short of the $6.12 billion forecast by analysts. Following the announcement, Union Pacific Corporationshares were down approximately 1% in premarket trading.
FILE PHOTO: A diesel-electric locomotive in Union Pacific livery is seen at Union Station in Los Angeles, California, U.S., September 15, 2022. REUTERS/Bing Guan/File Photo
FILE PHOTO: A diesel-electric locomotive in Union Pacific livery is seen at Union Station in Los Angeles, California, U.S., September 15, 2022. REUTERS/Bing Guan/File Photo
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