Norfolk Southern(US:NSC)2026-01-29 13:05Financial Performance - Total railway operating revenues for 2025 reached $12,180 million, a slight increase from $12,123 million in 2024, with merchandise revenues at $7,684 million, up from $7,470 million [2]. - Net income for 2025 was $2,873 million, compared to $2,622 million in 2024, resulting in diluted earnings per share of $12.75, up from $11.57 [2]. - Total railway operating expenses decreased to $7,824 million in 2025 from $8,052 million in 2024, with significant reductions in materials and other expenses [2]. - Cash flows from operating activities for 2025 were $4,361 million, an increase from $4,052 million in 2024 [6]. Shareholder Actions - The company repurchased and retired 2.2 million shares of common stock in 2025 at a cost of $533 million, while no shares were repurchased in 2024 [13]. Assets and Liabilities - Total assets increased to $45,236 million in 2025 from $43,682 million in 2024, driven by growth in investments and properties [4]. - Current liabilities rose to $3,775 million in 2025 from $3,545 million in 2024, primarily due to increases in accounts payable and other current liabilities [4]. - The company reported a decrease in long-term debt to $16,480 million in 2025 from $16,651 million in 2024, reflecting ongoing debt management efforts [4]. Special Expenses - The company incurred $80 million in merger-related expenses in 2025, with $65 million recognized in the fourth quarter [8]. - The company recorded $29 million in net expenses related to the Eastern Ohio incident in 2025, with total recoveries of $190 million for the year [10].