Categories AlphaGraphs, Earnings, Industrials

Union Pacific Corporation (UNP) reports lower revenues for Q2 2023

Rail transportation company Union Pacific Corporation (NYSE: UNP) announced financial results for the second quarter of 2023, reporting a decline in revenues.

Union Pacific Corporation Q2 2023 earnings infographic

Second-quarter net income was $1.57 billion or $2.57 per share, compared to $1.84 billion or $2.93 per share in the same period of last year.

Operating revenue decreased 5% annually to $5.96 billion, hurt by reduced fuel surcharge revenue, lower volumes, and an unfavorable business mix, which was partially offset by core pricing gains

“We finished the quarter with resource levels more aligned with demand, as we stored excess locomotives, improved recrew rates, and reduced borrowed-out employees,” said Lance Fritz, Union Pacific’s chief executive officer.

Prior Performance

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

Most Popular

Infographic: How Spotify (SPOT) performed in Q2 2024

Spotify Technology S.A. (NYSE: SPOT) reported its second quarter 2024 earnings results today. Total revenue increased 20% year-over-year to EUR3.8 billion. Net income attributable to owners of the parent was

Philip Morris (PM) Q2 2024 Earnings: Key financials and quarterly highlights

Philip Morris International Inc. (NYSE: PM) reported its second quarter 2024 earnings results today. Net revenues increased 5.6% year-over-year to $9.5 billion. On an organic basis, revenues grew 9.6%. Net

LMT Earnings: Highlights of Lockheed Martin’s Q2 2024 financial results

Lockheed Martin Corporation (NYSE: LMT) Tuesday reported a year-over-year increase in net sales for the second quarter of 2024. The management raised its fiscal 2024 guidance. The aerospace company reported

Add Comment
Viewing Highlight