Union Pacific Non-GAAP EPS of $3.08 beats by $0.08, revenue of $6.24B misses by $10M

* Union Pacific press release [https://seekingalpha.com/pr/20277026-union-pacific-reports-third-quarter-2025-results] (NYSE:UNP [https://seekingalpha.com/symbol/UNP]): Q3 Non-GAAP EPS of $3.08 beats by $0.08.
* Revenue of $6.24B (+2.5% Y/Y) misses by $10M.
* Operating ratio (OR [https://seekingalpha.com/symbol/OR]) of 59.2% and adjusted OR* of 58.5%.
* Freight revenue excluding fuel surcharge grew 4%.
* Reported operating ratio was 59.2%, an improvement of 110 basis points. Adjusted operating ratio* was 58.5%, an improvement of 180 basis points.
* Reportable personal injury rate and reportable derailment rate both improved.
* Freight car velocity was 226 daily miles per car, an 8% improvement.
* Locomotive productivity was 140 gross ton-miles (GTMs) per horsepower day, a 4% improvement.
* Average terminal dwell was 20.4 hours, a 9% improvement.
* Average train length was 9,801 feet, a 2% increase.
* Workforce productivity improved 6% to 1,165 car miles per employee.

*
ON TRACK WITH INVESTOR DAY TARGETS

* 2025 OUTLOOK:

* Meeting customer demand with strong service; challenging international intermodal comparison
* Pricing dollars accretive to operating ratio
* Earnings per share growth consistent with attaining the 3-year CAGR target of high-single to low-double digit
* Industry-leading operating ratio and return on invested capital
* Continued strong cash generation
* Capital allocation- Capital plan of $3.4 billion- Third quarter 2025 dividend increase of 3%- Share repurchases paused for Norfolk Southern merger

MORE ON UNION PACIFIC

* Union Pacific: An Undervalued Blue-Chip Stock Benefiting From Durable Competitive Advantages [https://seekingalpha.com/article/4826542-union-pacific-unp-undervalued-blue-chip-stock-benefiting-from-durable-competitive-advantages]
* Union Pacific Corporation (UNP) Presents at Morgan Stanley's 13th Annual Laguna Conference - Slideshow [https://seekingalpha.com/article/4822638-union-pacific-corporation-unp-presents-at-morgan-stanleys-13th-annual-laguna-conference]
* Union Pacific: Solid Fundamentals, Attractive Valuations, And Merger Optionality Should Drive Upside [https://seekingalpha.com/article/4822462-union-pacific-solid-fundamentals-attractive-valuations-and-merger-optionality-should-drive-upside]
* Union Pacific Q3 2025 Earnings Preview [https://seekingalpha.com/news/4506972-union-pacific-q3-2025-earnings-preview]
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