Union Pacific Corp.

Union Pacific Corp.

UNP

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Market Cap$179.15B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Union Pacific Corp.Union Pacific Corp.24.81.83%28%9.9-

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Record 2Q 2026 financials; strong core improvement - Union Pacific reported record net income of ~$2B and EPS of $3.36 (reported), or $3.41 adjusted for merger costs. - Operating ratio: 59.2%, ~10 bps better than last year *after* removing one-time/“in-and-outs” effects (e.g., fuel impacts and prior-year items). - Top line strength: Operating revenue $6.9B (+12% YoY); freight revenue $6.5B (+12%).
Volume + pricing resilience, with fuel the biggest swing factor (netting to a small “gain”) - Freight revenue drivers: volume +225 bps, fuel surcharge +750 bps (≈ +$460M from higher year-over-year fuel prices/volume), core pricing & mix +175 bps. - Business mix slight headwind: domestic intermodal grew faster than expected, offsetting some mix benefit from less international intermodal. - Fuel expense surged: +63% YoY (avg fuel price $2.42 → $3.86) and added ~120 bps to operating ratio. - Management notes a ~$0.14 fuel “gain” reflects the net difference between surcharge revenue and fuel expense (so not purely beneficial to operating ratio, but beneficial overall).
Cost and productivity: wage pressure but offset by operational efficiency; raised outlook - Expenses: total operating expenses $4.1B (+13% YoY) largely due to diesel fuel; compensation & benefits +1% YoY (but that includes a prior-year $55M buyout). - Excluding the buyout, cost per employee up ~7%, driven by wage/benefit inflation; workforce productivity delivered 8 consecutive quarters of record results. - Full-year compensation per employee expected to rise ~6% going forward. - Cash/returns: cash from operations $5.5B (+21%); free cash flow $1.8B; dividend paid and $1.5B long-term debt reduced in 1H 2026; adjusted debt/EBITDA ~2.5x.

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$301.50

Target Price by Analysts

1.9% downsideUnion Pacific Target Price DetailsTarget Price
$137.81

Current Fair Value

55.2% downside

Overvalued by 55.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$179.15 Billion
Enterprise Value$180.01 Billion
Dividend Yield$5.52 (1.83%)
Earnings per Share$12.01
Beta0.97
Outstanding Shares593,000,000

Return

Return on Equity28.39%ROE
Return on Assets7916.98%
Return on Invested Capital-177.14%

Valuation & Multiples

P/E Ratio24.79P/E Ratio
PEG537.55PEG
Price to Sales9.91Price to Sales
Price to Book Ratio-3.62Price to Book Ratio
Enterprise Value to Revenue9.74
Enterprise Value to EBIT22.42
Enterprise Value to Net Income32
Total Debt to Enterprise0
Debt to Equity0.04Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$3.20
Average shareholder expectation
Revenue Estimate
$6.72 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$3.37
Average shareholder expectation
Revenue Estimate
$6.84 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 57.24%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.29% 84.17%
Total Invested$3.27B 97.39%
Investors Holding670 2165.00%

ESG Score

No data

About Union Pacific Corp.

CEO: Lance Fritz

Relevant Senate Committees

Joint Committee on Taxation

As the technical arm for tax-writing committees, its analyses and revenue estimates directly shape tax legislation, profoundly influencing Union Pacific's corporate tax burden and financial planning.

Finance

This committee controls taxation and trade policy. Corporate tax rates, deductions, and international trade agreements directly impact Union Pacific's profitability, investment decisions, and cargo volumes.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine precise funding for infrastructure projects (e.g., rail improvements, intermodal hubs) and agencies affecting railroads.

Health, Education, Labor, and Pensions

As a large employer, Union Pacific is directly impacted by labor laws, union regulations, workplace safety, and pension policies, all overseen by this committee.

Judiciary

This committee oversees antitrust laws and intellectual property. Given the consolidated nature of the railroad industry, antitrust investigations and merger approvals are highly relevant to Union Pacific.

Commerce, Science, and Transportation

This committee has direct and vast jurisdiction over interstate commerce and transportation, including safety, competition, and regulatory frameworks pertinent to line-haul railroads.

Energy and Natural Resources

Union Pacific transports significant volumes of coal, oil, natural gas, and other natural resources. National energy policy and public lands management directly impact the demand and routes for these key commodities.

Environment and Public Works

This committee regulates environmental standards (EPA) relevant to rail operations (e.g., emissions, land use) and drives federal infrastructure spending, which includes or competes with rail projects.