Union Pacific Earnings Grow, With Revenue Carloads Flat
October 21 2021 - 8:45AM
Dow Jones News
By Matt Grossman
Union Pacific Corp. on Thursday logged higher earnings and
revenue in the latest quarter, despite no growth in freight
volumes.
The Omaha, Neb.-based railroad company logged earnings of $2.57
a share, up from $2.01 a share in last year's third quarter.
Analysts had been forecasting earnings of $2.51 a share, per
FactSet.
Net income rose to $1.67 billion, from $1.36 billion in the
year-ago quarter.
Union Pacific's revenue rose 13% to $5.57 billion. Analysts had
expected revenue of $5.41 billion.
Volumes as measured by revenue carloads were flat. As energy
prices rose, Union Pacific's average fuel price per gallon consumed
was up by 74% to $2.37 in the quarter. But the company's
fuel-consumption rate was its lowest ever, Chairman and Chief
Executive Lance Fritz said.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 21, 2021 08:30 ET (12:30 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Union Pacific (NYSE:UNP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Union Pacific (NYSE:UNP)
Historical Stock Chart
From Apr 2023 to Apr 2024