Union Pacific Corp (LTS:0R2E)

$ 232.08 -3.06 (-1.31%) Market Cap: 139.38 Bil Enterprise Value: 171.11 Bil PE Ratio: 21.11 PB Ratio: 8.41 GF Score: 86/100

Q3 2024 Union Pacific Corp Earnings Call Transcript

Oct 24, 2024 / 12:45 PM GMT

Release Date Price: $229.05 (-5.10%)

Transcript 10-Q8-K

Key Points

Positve

Union Pacific Corp (UNP) reported a 9% increase in net income for the third quarter, reaching $1.7 billion.
Earnings per share improved by 10% to $2.75, showcasing strong financial performance.
Operating revenue increased by 3%, driven by a 6% rise in volume and strong core pricing gains.
The company achieved a 310 basis point improvement in its operating ratio, reaching 60.3%, indicating enhanced operational efficiency.
Union Pacific Corp (UNP) successfully handled a 33% increase in international intermodal volume, demonstrating its capacity to manage significant volume spikes.

Negative

The business mix and lower fuel surcharge revenue negatively impacted freight revenue, reducing it by 75 basis points.
Other revenue declined by $73 million or 18%, due to factors like lower asset sales and reduced demand for auto parts shipments.
Fuel consumption rate increased by 1% due to less fuel-efficient intermodal traffic, offsetting productivity gains.
Coal demand faced challenges due to high inventory levels and competition from low natural gas prices.
The industrial segment experienced a 2% decrease in volume, impacting overall revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UNP.N - Union Pacific Corp
Q3 2024 Union Pacific Corp Earnings Call
Oct 24, 2024 / 12:45PM GMT

=====================
Presentation
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Unidentified Participant [1]
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Greetings and welcome to Union Pacific's third quarter earnings call. This time, all participants are in listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star-zero from your telephone keypad . As a reminder, this conference is being recorded in the slides for today's presentation are available on Union Pacific's website is now my pleasure to introduce your host, Mr. Jim Vena, Chief Executive Officer for Union Pacific. Thank you, Mr. vendor. You may now begin. Morning, Rob. Beautiful more than an overhaul. Nice full day. So good morning and thank you for joining us today to discuss Union Pacific's third quarter

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