Union Pacific Corp.
UNP - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$180.6B
Close$
Earnings Call Q3 2026
October 22, 2026 - AI Summary
Record Q3 financial performance + strong operating leverage
- Net income $2.1B; adjusted EPS +15% to $3.53 (reported EPS $3.49; adjusted excludes merger costs).
- Revenue $7.2B (+15% YoY) with freight $6.8B (+15%) on ~6% volume growth.
- Core operating ratio improved 110 bps YoY (fuel pressure was a major offset to margins).
Pricing, mix, and fuel were the biggest drivers (both upside and cost headwind)
- Freight revenue benefited from pricing and fuel surcharge: higher fuel prices +900 bps to freight revenue (surcharge partially mitigates but doesn’t fully offset economics).
- Mix headwind: ~75% of volume growth came from domestic/international intermodal, which moderated pricing contribution vs “inflation dollars.”
- Cost side: total operating expense $4.3B (+15%), driven primarily by diesel fuel (fuel expense +69% on higher average fuel price).
Service + safety + network execution remained strong (operational “quality” is a key bull case)
- Management emphasized continued improvement in injury rate and derailment rate (described as significant improvement vs last year; tied to personal injury and derailment prevention discipline).
- Operational metrics: car velocity +1% to 228 miles/day, terminal dwell improved (below 20 hours; 4 straight quarters).
- Customer performance: Intermodal Service Performance Index 92% and Manifest Service Performance Index 93%.
Exclusive for Stockcircle Pro members
Sign up
$125.92
59.2% downside
Current Fair Value
59.2% downsideOvervalued by 59.2% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $180.60 Billion |
|---|---|
| Enterprise Value | $208.32 Billion |
| Annual dividend | $5.56 |
| Dividend yield | 1.83% |
| Earnings per Share | $12.01 |
| Beta | 0.95 |
| Outstanding Shares | 593,700,000 |
Return
| Return on Equity | 27.47% |
|---|---|
| Return on Assets | 8.33% |
| Return on Invested Capital | 13.03% |
Valuation & Multiples
| P/E Ratio | 23.66 |
|---|---|
| PEG | 126.62 |
| Price to Sales | 9.08 |
| Price to Book Ratio | 8.57 |
| Enterprise Value to Revenue | 10.26 |
| Enterprise Value to EBIT | 24.19 |
| Enterprise Value to Net Income | 34 |
| Total Debt to Enterprise | 0.14 |
| Debt to Equity | 1.38 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 22, 2026
EPS Estimate
$3.47
Consensus analyst estimateRevenue Estimate
$7.16 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 26, 2027
EPS Estimate
$3.31
Consensus analyst estimateRevenue Estimate
$7.13 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.23, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.2258▼ 43.64% |
|---|---|
| Total Calls | 3,100▼ 99.93% |
| Total Puts | 700▼ 99.97% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.63%▼ 85.28% |
|---|---|
| Total Invested | $7.23B▼ 95.01% |
| Investors Holding | 1,250▼ 1726.00% |
About Union Pacific Corp.
29,287 employees
CEO: Lance Fritz
Union Pacific Corporation, operating primarily through its subsidiary Union Pacific Railroad Company, is a major freight rail service provider across the United States. The company's comprehensive transportation solutions serve a wide ar...