Union Pacific shares have lost about 3.4% since the beginning of the year versus the S&P 500's gain of 13.8%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for Union Pacific? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harne ...

Financial Performance - Second Quarter 2024 Earnings per Share (EPS) is $2.74[26] - Second Quarter 2024 Operating Revenue is $60 billion[26] - Second Quarter 2024 Operating Income is $24 billion[26] - Second Quarter 2024 Operating Ratio is 600%[26] - The company generated $40 billion in cash from operations year-to-date, a 5% increase[27] - The company returned $17 billion to shareholders year-to-date[27] Operational Efficiency - Freight Car Velocity is flat[26] - Locomotive Productivity is up 6%[26] - Share repurchases of approximately $15 billion are planned for 2024[22] Revenue Analysis - Total freight revenue increased by 1% to $5638 million compared to the second quarter of 2023[2] - Bulk revenue increased by 2% to $1721 million compared to the second quarter of 2023[2] - Industrial revenue increased by 2% to $2123 million compared to the second quarter of 2023[2] - Premium revenue increased by 4% to $1794 million compared to the second quarter of 2023[2]

[Union Pacific Q2 2024 Earnings Release](index=1&type=section&id=Union%20Pacific%20Reports%20Second%20Quarter%202024%20Results) [Q2 2024 Financial and Operational Highlights](index=1&type=section&id=Second%20Quarter%20Summary%3A%202024%20vs.%202023) Union Pacific reported strong Q2 2024 results, with net income and EPS up **7%**, operating income up **9%**, and a **300 basis point** operating ratio improvement Q2 2024 vs Q2 2023 Key Financial Metrics | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Net Income | $1.7 billion | $1.6 billion | +7% | | Diluted EPS | $2.74 | $2.57 | +7% | | Operating Income | $2.4 billion | $2.2 billion | +9% | | Operating Revenue | $6.0 billion | $5.96 billion | +1% | | Operating Ratio | 60.0% | 63.0% | -300 bps | - The operating ratio improved by **300 basis points** to **60.0%**, positively impacted by a **70 basis point** gain from an intermodal equipment sale, and negatively impacted by lower fuel prices (**10 bps**) and an environmental remediation order (**30 bps**)[6](index=6&type=chunk) Q2 2024 vs Q2 2023 Key Operational Metrics | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Locomotive Productivity (GTMs/HP day) | 134 | 126 | +6% | | Average Maximum Train Length (feet) | 9,544 | 9,316 | +2% | | Workforce Productivity (car miles/employee) | 1,031 | 978 | +5% | | Freight Car Velocity (daily miles/car) | 201 | 202 | Flat | [2024 Outlook](index=2&type=section&id=2024%20Outlook) The 2024 outlook is cautious due to economic uncertainty, but positive profitability momentum is expected, with a **$3.4 billion** capital plan and **$1.5 billion** share repurchases affirmed - The volume outlook for the second half of the year is uncertain due to weak economic indicators and coal demand[10](index=10&type=chunk) - Profitability is expected to maintain positive momentum, supported by strong service, network efficiency, and pricing power that outpaces inflation[10](index=10&type=chunk) - The company affirmed its capital plan of **$3.4 billion** and plans to repurchase approximately **$1.5 billion** in shares during 2024[10](index=10&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) Union Pacific's financial statements show a **1%** rise in Q2 operating revenues, **9%** operating income growth, stable assets, decreased liabilities, and **$4.0 billion** in YTD operating cash flow [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q2 2024 operating revenues increased **1%** to **$6.01 billion**, expenses decreased **4%**, resulting in a **9%** rise in operating income and a **7%** increase in net income Q2 2024 Income Statement Summary (vs Q2 2023) | Metric | Q2 2024 ($M) | Q2 2023 ($M) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenues | 6,007 | 5,963 | +1% | | Total Operating Expenses | 3,607 | 3,759 | -4% | | Operating Income | 2,400 | 2,204 | +9% | | Net Income | 1,673 | 1,569 | +7% | | Diluted EPS | $2.74 | $2.57 | +7% | [Freight Revenues Statistics](index=5&type=section&id=Freight%20Revenues%20Statistics) Total Q2 2024 freight revenues increased **1%** to **$5.64 billion**, driven by Premium and Industrial growth, while Bulk declined **2%** due to a **21%** drop in Coal & Renewables Q2 2024 Freight Revenue by Group (vs Q2 2023) | Freight Group | Revenue ($M) | YoY Change | Key Driver(s) | | :--- | :--- | :--- | :--- | | Bulk | 1,721 | -2% | Coal & Renewables (-21%) | | Industrial | 2,123 | +2% | Industrial Chemicals & Plastics (+9%) | | Premium | 1,794 | +4% | Automotive (+5%), Intermodal (+3%) | | **Total** | **5,638** | **+1%** | | - Revenue carloads for Coal & renewables decreased by **22%** YoY, while Fertilizer carloads increased by **29%** and Intermodal carloads grew by **7%**[16](index=16&type=chunk) [Condensed Consolidated Statements of Financial Position](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Position) As of June 30, 2024, total assets reached **$67.8 billion**, liabilities decreased to **$51.3 billion**, and shareholders' equity rose to **$16.5 billion** from year-end 2023 Balance Sheet Summary | Metric ($M) | Jun. 30, 2024 | Dec. 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 67,817 | 67,132 | +$685M | | Total Liabilities | 51,328 | 52,344 | -$1,016M | | Total Shareholders' Equity | 16,489 | 14,788 | +$1,701M | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) YTD June 30, 2024, operating cash flow was **$4.03 billion**, with **$1.59 billion** used in investing and **$2.37 billion** in financing, resulting in **$853 million** free cash flow Year-to-Date 2024 Cash Flow Summary (vs YTD 2023) | Metric ($M) | YTD 2024 | YTD 2023 | | :--- | :--- | :--- | | Cash from Operating Activities | 4,033 | 3,858 | | Cash used in Investing Activities | (1,592) | (1,674) | | Cash used in Financing Activities | (2,368) | (2,328) | | Free Cash Flow | 853 | 596 | [Operating and Performance Statistics](index=8&type=section&id=Operating%20and%20Performance%20Statistics) Q2 2024 saw improved operational efficiency, with locomotive productivity up **6%**, train length up **2%**, and workforce productivity up **5%**, despite minor declines in train speed and dwell time Q2 2024 Key Performance Indicators (vs Q2 2023) | Metric | Q2 2024 | Q2 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Freight car velocity (daily miles per car) | 201 | 202 | -% | | Average train speed (mph) | 23.3 | 24.1 | -3% | | Average terminal dwell time (hours) | 22.7 | 23.3 | -3% | | Locomotive productivity (GTMs/HP day) | 134 | 126 | +6% | | Train length (feet) | 9,544 | 9,316 | +2% | | Workforce productivity (car miles/employee) | 1,031 | 978 | +5% | - The average number of employees decreased by **5%** YoY to **30,556** in Q2 2024[22](index=22&type=chunk) [Non-GAAP Measures Reconciliation](index=11&type=section&id=Non-GAAP%20Measures%20Reconciliation%20to%20GAAP) This section reconciles GAAP to non-GAAP measures, showing an improved Adjusted Debt to Adjusted EBITDA ratio of **2.8** for the trailing twelve months ending June 30, 2024 Leverage Ratios (Trailing Twelve Months) | Ratio | Jun. 30, 2024 | Dec. 31, 2023 | | :--- | :--- | :--- | | Debt / Net Income (GAAP) | 4.9 | 5.1 | | Adjusted Debt / Adjusted EBITDA (Non-GAAP) | 2.8 | 3.0 | - The company believes the Adjusted Debt / Adjusted EBITDA ratio is important for evaluating its ability to sustain debt levels with cash generated from operations and is a measure used by credit rating agencies[28](index=28&type=chunk)

GERMANY - 2024/04/03: In this photo illustration, the Union Pacific Railroad logo seen displayed on ... [+] a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could UNP face a similar situation as it did in 2021 and 2023 and underperform the S&P over the next 12 months — or will it see a strong jump? Going by our Union Pacific valuation of $254 per share, there seems ...

Core Viewpoint - Union Pacific (UNP) is facing challenges due to a downturn in the freight market, but its proactive expansion efforts, commitment to shareholder returns, and cost-cutting measures are positive factors that may enhance its performance in the long run [1][3][9]. Group 1: Expansion and Growth Initiatives - Union Pacific announced five new Focus Sites at the beginning of Q3 2024, aimed at integrating rail services into business supply chains, which can drive growth and optimize operations [1]. - The company is also committed to reducing greenhouse gas emissions by 50.4% by 2030 and increasing low-carbon fuel use to 20%, aligning with global sustainability trends [11]. Group 2: Financial Performance and Shareholder Returns - In July, Union Pacific raised its quarterly dividend by 3% to $1.34 per share, reflecting its long-standing tradition of rewarding shareholders [2]. - The company reported freight revenues of $5.62 billion, a decrease of 1% year over year, with freight revenues accounting for 93.2% of its total revenue [3]. Group 3: Cost Management and Efficiency - Union Pacific reduced operating expenses by 3% year over year in Q1 2024, aided by measures such as deploying longer trains and increasing freight car velocity [10]. - Fuel expenses decreased by 14%, and expenses on purchased services and materials fell by 6%, contributing to improved efficiency and profitability [10]. Group 4: Market Position and Stock Performance - Union Pacific's shares have appreciated by 11.7% over the past year, outperforming the industry average of 5.4% [12]. - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [5].

Notably, shares of UNP have gained 12.1% over the past year compared with 6.7% growth of the industry. UNP is not the only player from the Zacks Transportationsector that has rewarded its shareholders with dividend payouts or share buyback programs. To name a few, on Jul 12, 2024, Ryder System, Inc. (R) board of directors approved a dividend hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid o ...

Financial Performance - Operating revenues for Union Pacific (UNP) reached $6.03 billion, slightly exceeding the Zacks Consensus Estimate of $6 billion, but reflecting a year-over-year decline of 0.41% [1] - Freight revenues, which constitute 93.2% of total revenues, decreased by 1% to $5.62 billion [1] - Total operating expenses amounted to $3.66 billion, showing a year-over-year decline of 3% [1] Earnings Estimates - The Zacks Consensus Estimate for UNP's upcoming quarter's earnings has been revised downward by 1.81% to $2.71 per share, while revenue estimates are set at $6.07 billion, indicating a growth of 1.8% from the previous year [5] - Freight revenue estimates are projected at $5.7 billion, remaining roughly flat compared to the first quarter of 2024, while other revenue estimates are at $364 million, reflecting a 12.3% decrease from the first quarter of 2024 [6] Cost Management - To counteract the revenue decline from the freight downturn, Union Pacific is implementing cost-cutting measures, with adjusted operating expenses expected to decline by 1.5% from the second quarter of 2023 [7] Earnings Surprise History - Union Pacific has a strong earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 2.34% [11]

Core Insights - Myriad Uranium Corp. has initiated a ground magnetometer survey over the Canning Deposit, part of the Copper Mountain Uranium Project in Wyoming, with plans for an 84-hole exploration drill program later this summer [3][12][25] Group 1: Survey and Drilling Plans - The ground magnetometer survey will cover 571 acres with a line spacing of 25 meters, totaling 104.8 line-kilometers [2][28] - The drilling program will consist of 84 boreholes, with an average depth of 500 feet, and some holes planned to reach depths of 1,000 feet or more [15][25] - The primary goal of the survey and drilling is to convert historical uranium resources into current categories under National Instrument 43-101 [10][25] Group 2: Historical Context and Resource Estimates - The Copper Mountain Uranium Project has a significant historical resource, with estimates ranging from 15.7 to 30.1 million pounds of eU3O8, and potential targets exceeding 65 million pounds [24][26] - Historical drilling by Union Pacific in the 1970s included approximately 2,000 boreholes and the discovery of 7 uranium deposits [23][24] - The project area has seen extensive exploration and development, with Union Pacific investing approximately US$78 million (2024 dollars) [23][26] Group 3: Future Goals and Expectations - The company aims to report a maiden mineral resource estimate by the end of Q1 2025 and continue intensive drilling thereafter [14][30] - Myriad's CEO emphasized the potential for significant resource expansion and improved understanding of the project's mineralization compared to previous assessments [9][30] - The focus of the 2024 field program will be on the 'High Grade Zone' associated with the Canning Fault zone [29][30]

With 62 consecutive years of dividend raises, Coca-Cola is one of the safest and most consistent Dividend Kings. Its high yield, track record, and recession-resistant business model make Coke the embodiment of a blue chip dividend stock. Railroads have unique business models. Unlike trucks and ships, they operate their own infrastructure and tend to dominate a particular geography. Their cost-effectiveness makes them a preferred method for transporting goods on land. Union Pacific stock has gone nowhere ove ...

. Myriad Uranium Reports on Site Visit to Copper Mountain Uranium Project, Wyoming, USA Vancouver, British Columbia--(Newsfile Corp. - July 12, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad Uranium" or the "Company") is pleased to report on a recent site visit to the Copper Mountain Uranium Project (the "Project"), located in Wyoming, USA. The site visit was conducted by Thomas Lamb, Chief Executive Officer of the Company, and George van der Walt, a Qualified Person and member of ...