Union Pacific
Shortcut
3.50Normalized diluted EPS
+1.0% vs Street
Street
3.47Normalized diluted EPS
October 18 consensus snapshot
Real
3.53Issuer adjusted diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
The volume, pricing and expense build forecasts $7.17bn in revenue and adjusted diluted EPS of $3.50 versus the Street’s $3.47.
Adjusted net income is approximately $2.082bn. Land-sale normalization and historical share sourcing retain disclosed limitations; additional EBITDA and guidance comparisons use the workbook’s stated definitions.
On the record.
- Reporting period
- Q3 2026
- Reporting basis
- Normalized (issuer 'adjusted') diluted EPS per common share, USD — excludes acquisition-related (Norfolk Southern merger) costs and other issuer-identified items; matches consensus normalized history
- Consensus snapshot
- October 18, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 19, 2026 at 8:38 PM PDT
- First published
- Oct 20, 2026 at 1:37 AM PDT
Result basis
Issuer adjusted diluted EPS was $3.53, excluding acquisition-related costs; reported diluted EPS was $3.49. The earnings call/release event is October 22, although the issuer webpage dateline displays October 21.
Research sources
- https://www.sec.gov/Archives/edgar/data/100885/000010088525000320/a2025-10x238xkex991earning.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000032/a2026-01x278xkex991earning.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000154/a2026-04x238xkex991earning.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000249/a2026-07x238xkex991earning.htm
- https://news.alphastreet.com/union-pacific-corporation-unp-q2-2026-earnings-call-transcript/
- https://www.sec.gov/Archives/edgar/data/100885/000010088525000321/unp-20250930.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000250/unp-20260630.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000037/unp-20251231.htm
- https://www.sec.gov/Archives/edgar/data/100885/000010088526000155/unp-20260331.htm
- https://www.investing.com/news/transcripts/union-pacific-at-morgan-stanley-laguna-conference-growth-fuel-and-merger-93CH-4904202
- https://quartr.com/events/union-pacific-corporation-unp-morgan-stanley-s-14th-annual-laguna-conference_3YxjkepK
- https://investor.unionpacific.com/static-files/d37d11eb-adb2-450a-9b8b-f78708425034
- https://investor.unionpacific.com/static-files/d0993c32-4b73-4285-bc8f-06a3f7f7e312
- https://investor.unionpacific.com/static-files/bf90c770-972b-428d-9e9d-1b9cf111800a
- https://investor.unionpacific.com/static-files/85443ec4-228c-432e-b9c3-b2fbeab055a4
- https://www.up.com/shipping/surcharge/mileage
- https://www.up.com/press-releases/financial/3q26-dividend-increase-260729
- https://www.finhacker.cz/en/stocks/union-pacific-market-cap/
- https://topforeignstocks.com/indices/components-of-the-sp-500-index/
- https://investor.unionpacific.com/static-files/5b14d790-f364-4d37-b617-21468f13fbe6
- https://www.up.com/press-releases/financial/3q26-earnings-date-261015
- https://seekingalpha.com/news/4650322-ubs-trims-profit-estimates-on-the-rail-sector-to-account-for-elevated-diesel-prices
- https://earningswhispers.com/article/UNP/20548
- https://www.bnnbloomberg.ca/business/company-news/2026/08/17/us-railroad-union-pacific-turned-charges-meant-to-cover-fuel-cost-spike-from-iran-war-into-profit/
- https://www.aar.org/news/aar-reports-weekly-rail-traffic-for-the-week-ending-september-26-2026/