On a reported basis, net income available to common stockholders dropped to $103 million, or $1.02 per share, from $144 million, or $1.40 per share, in the prior-year period, hurt by higher operating expenses. Adjusted EPS rose 18% year-over-year to $1.54.
Kansas City recorded revenue increases across most of its commodity groups with the highest in Chemical & Petroleum. Chemical & Petroleum revenues rose 21% year-over-year to $168.6 million, helped by refined product shipments to Mexico.
Agriculture & Minerals saw revenue growth of 8% due to improved network cycle times. Revenues declined in Intermodal and Automotive by 12% and 4%, respectively, due to auto plant shutdowns and teacher protests.
During the quarter, total carloads and units increased in the Chemical & Petroleum, Agriculture & Minerals, and Energy commodity groups while the remaining groups posted declines. The highest increase was in Chemical & Petroleum at 17%.
Revenue per carload/unit increased in the Chemical & Petroleum, Industrial & Consumer Products and Automotive commodity groups. Agriculture & Minerals saw a decline while Energy remained flat compared to the year-ago period.