Compared to Estimates, Union Pacific (UNP) Q4 Earnings: A Look at Key Metrics

Core Insights - Union Pacific reported $6.09 billion in revenue for Q4 2025, a year-over-year decline of 0.6% and below the Zacks Consensus Estimate of $6.14 billion, resulting in a surprise of -0.82% [1] - The company's EPS for the quarter was $2.86, down from $2.91 a year ago, with an EPS surprise of -1.47% compared to the consensus estimate of $2.90 [1] Financial Performance Metrics - Operating Ratio was reported at 60.5%, higher than the average estimate of 58.8% from four analysts [4] - Revenue Ton-Miles reached 106.52 billion, exceeding the three-analyst average estimate of 105.12 billion [4] - Total Revenue Carloads were 2.07 million, slightly below the average estimate of 2.1 million from three analysts [4] - Revenue Ton-Miles for Industrial Products was 31.1 billion, compared to the average estimate of 31.99 billion [4] - Freight Revenues from Bulk were $1.92 billion, slightly below the average estimate of $1.93 billion, but showed a year-over-year increase of 3% [4] - Other Operating Revenues were $326 million, exceeding the average estimate of $319.31 million, but reflecting a year-over-year decline of 1.8% [4] - Freight Revenues from Industrial Products were $2.12 billion, below the average estimate of $2.18 billion, with a year-over-year increase of 1.2% [4] - Freight Revenues from Premium services were $1.72 billion, slightly above the average estimate of $1.71 billion, but down 6% year-over-year [4] - Total Freight Revenues were $5.76 billion, below the average estimate of $5.82 billion, reflecting a year-over-year decline of 0.5% [4] - Freight Revenues from Forest Products were $302 million, below the average estimate of $334.54 million, showing a year-over-year decline of 6.8% [4] - Freight Revenues from Energy & Specialized Markets were $659 million, below the average estimate of $705.38 million, with a year-over-year decline of 3% [4] - Freight Revenues from Intermodal services were $1.14 billion, slightly above the average estimate of $1.12 billion, but down 8.7% year-over-year [4] Stock Performance - Union Pacific shares have returned -1.6% over the past month, while the Zacks S&P 500 composite has increased by 0.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]