Union Pacific Corporation (NYSE:UNP) Wolfe's 17th Annual Global Transportation & Industrials Conference May 21, 2024 8:35 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Kenny Rocker - Executive Vice President of Marketing and Sales Conference Call Participants Scott Group - Wolfe Research Scott Group I'm really happy to have from the UP team Jim Vena, the CEO; Jennifer Hamann, CFO; and Kenny Rocker, EVP of Marketing and Sales. I'm going to pass it off ...

业绩总结 - Union Pacific Corporation第一季度除去燃油附加费后，货运收入增长4%[8] - 公司第一季度收益除燃油外增长4%，在定价和提高效率方面取得进展[27] - 公司在努力通过合同定价来弥补通货膨胀带来的挑战[46] - 公司在短期内面临通货膨胀压力，但正在努力应对，不会是短期解决方案[58] 服务和运营 - 公司运营第一季度比率为60.7%，不含燃油为60.1%，行业领先[8] - 公司服务水平反映在新的服务绩效指数中，特别是集装箱运输[13] - 公司增加了转运能力，现在在美国各地拥有约25个站点[17] - 公司通过技术、基础设施、培训和流程优化，实现了员工每人处理更多车辆的效率提升[54] 新产品和技术 - 公司推出了许多新产品，扩大了网络覆盖高增长市场[15] - 公司正在推动技术创新，以提高效率和降低成本[116] 市场展望和未来计划 - 公司对未来的合同结构和市场需求感到乐观，预计将获得更多的业务和利润[109] - 公司计划通过股票回购来增加每股收益，提高股东价值[125] - 公司计划重新启动股票回购计划，但未来可能会更加谨慎和温和[122]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ Commission File Number 1-6075 UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Ut ...

The railroad is growing more efficient during a period of soft demand.Union Pacific (UNP 4.71%) managed to grow net income in a flat revenue environment, and investors are taking notice. Shares of the railroad company are up 5% as of 2:45 p.m. ET after Union Pacific topped earnings expectations.Progress in a "challenging" marketUnion Pacific earned $2.69 per share in the first quarter on revenue of $6.03 billion, ahead of Wall Street's $2.52 per share on sales of $5.98 billion guidance. Operating income was ...

Union Pacific Corporation’s (UNP) first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results were aided by strong operational efficiency and favorable pricing.Operating revenues of $6.03 billion marginally beat the Zacks Consensus Estimate of $6 billion. The top line declined 0.41% on a year-over-year basis due to core pricing gains and business mix, offset by reduced fuel surcharge revenues and lower ...

财务数据和关键指标变化 - 2024年第一季度净利润为16亿美元,每股收益为2.69美元,同比增长1% [6] - 收入同比增长4%,主要受到燃料附加费下降的影响 [7][11] - 不含燃料附加费的货运收入同比增长4%,反映了公司定价能力和业务组合的改善 [13] - 营业成本同比下降3%,主要受到燃料价格下降和生产效率提升的影响 [7] - 营业利润率为60.7%,同比改善140个基点 [8][20] 各条业务线数据和关键指标变化 - 散装货运收入同比下降4%,受到煤炭运输下降20%的拖累 [28] - 工业货运收入同比增长4%,得益于石油和石化业务的增长 [30] - 高价值货运收入同比下降3%,受到燃料附加费下降和卡车市场压力的影响 [31] 各个市场数据和关键指标变化 - 煤炭市场持续面临挑战,天然气价格低迷导致需求下降 [32] - 谷物和谷物制品运输有所增长,得益于对墨西哥的玉米运输增加 [29] - 石油和石化市场保持有利,公司通过业务开发获得新的合同 [30] - 汽车和国际集装箱运输保持强劲,但国内集装箱运输市场疲软 [35] 公司战略和发展方向及行业竞争 - 公司继续执行多年战略,致力于成为行业领导者 [5] - 公司正在提升安全、服务和运营卓越,为长期成功奠定基础 [5] - 公司将在第二季度重启股票回购,展现对战略和势头的信心 [25] - 公司将于9月在达拉斯举行投资者日,阐述未来愿景 [57] - 公司正在与竞争对手保持良性竞争,并与他们合作提高换装效率 [178][179] 管理层对经营环境和未来前景的评论 - 尽管外部挑战持续,但公司正在建立长期成功的基础 [5] - 公司对经济前景保持谨慎,但有信心通过提供优质服务和定价来实现增长 [23][36] - 管理层对公司的长期前景充满信心,将继续推进提升安全、服务和运营效率的战略 [53][56] 问答环节重要的提问和回答 问题1 **David Vernon 提问** 询问公司在业务开发方面的新举措 [61] **Jim Vena 和 Kenny Rocker 回答** 公司正在加强与客户的互动,开发新的产品和服务,如Phoenix中转站、墨西哥北南走廊等,以满足客户需求并增加市场份额 [62][68] 问题2 **Amit Mehrotra 提问** 询问公司是否还有进一步提升运营效率的空间 [80] **Eric Gehringer 回答** 公司在车辆周转率、机车生产率、员工效率等方面仍有进一步提升的空间,将继续推进自动化、能源管理等举措来提高网络效率 [83][99] 问题3 **Scott Group 提问** 询问公司是否已经接近价格成本超越通胀的拐点 [156] **Jennifer Hamann 和 Kenny Rocker 回答** 公司正在积极与客户谈价格,虽然尚未完全超越通胀,但已经实现价格增长超过通胀增长,并有信心未来能够实现 [157][159]

Union Pacific (UNP) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.60%. A quarter ago, it was expected that this railroad would post earnings of $2.56 per share when it actually produced earnings of $2.71, delivering a surprise of 5.86%.Over the last four quarters, the company has ...

Exhibit 99.1 Union Pacific Reports First Quarter 2024 Results ● First quarter earnings per diluted share of $2.69, up 1% ● First quarter operating income up 3% ● First quarter net income up1% Omaha, Neb., April 25, 2024 – Union Pacific Corporation (NYSE: UNP) today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. This compares to 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share. “Our team delivered strong financial results in the first quarter as w ...

Wall Street analysts forecast that Union Pacific (UNP) will report quarterly earnings of $2.53 per share in its upcoming release, pointing to a year-over-year decline of 5.2%. It is anticipated that revenues will amount to $6.06 billion, exhibiting an increase of 0.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial project ...

Union Pacific Corporation (UNP) is scheduled to report first-quarter 2024 results on Apr 25 before market open.The Zacks Consensus Estimate for first-quarter 2024 earnings has improved 0.80% over the past 60 days. UNP has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once, the average beat being 1.41%.Given this backdrop, Let’s see how things have shaped up for UNP this earnings season.We expect Union Pacific’s perf ...