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Earnings call transcript: Union Pacific beats Q1 2026 forecasts, stock rises
Union Pacific (UNP) significantly surpassed Q1 2026 earnings forecasts, reporting an EPS of $2.93 against an expectation of $2.85, and revenue of $6.22 billion, slightly above the $6.21 billion forecast. This strong performance, driven by operational efficiency and strategic pricing, led to a 5.81% rise in its stock during pre-market trading. The company’s executives also addressed the proposed merger with Norfolk Southern, expressing confidence in its benefits for stakeholders and the broader U.S. economy, despite ongoing regulatory scrutiny and competitors’ concerns.