Categories AlphaGraphs, Earnings, Industrials

How Union Pacific Corporation (UNP) performed in Q1 2023

Rail transportation company Union Pacific Corporation (NYSE: UNP) on Thursday announced financial results for the first quarter of 2023, reporting higher revenues and flat earnings.

Union Pacific Corporation Q1 2023 earnings infographic

First-quarter net income was $1.63 billion or $2.67 per share, compared to $1.63 billion or $2.57 per share in the same period of last year.

Operating revenue of increased 3% annually to $6.1 billion, aided by higher fuel surcharge revenue and core pricing gains, which was partially offset by a negative business mix and volume declines.

“We delivered greater network fluidity and resiliency in the first quarter even as we faced a series of significant weather events,” said Lance Fritz, Union Pacific’s chief executive officer.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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