Norfolk Southern Corporation 8-K
PositiveEarnings
Higher fuel surcharges drove record railway revenue of $3.53B; productivity gains lifted operating income despite rising fuel costs.
Filed 2026-10-22 08:20 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Third-quarter 2026 results, with record revenue and higher earnings. Revenue rose 14% on 3% volume growth and higher fuel surcharges; productivity gains supported operating income growth despite rising fuel costs.
Key Figures
| Metric | Q3 2026 | First nine months 2026 |
|---|---|---|
| Revenue | $3.53B, +14% Y/Y | $9.99B, +8.5% Y/Y |
| Income from railway operations | $1.15B, +5% Y/Y | $3.15B, -7.8% Y/Y |
| Adjusted income from railway operations, non-GAAP | $1.22B, +7% Y/Y | — |
| Operating ratio | 67.4%, vs 64.6% | — |
| Adjusted operating ratio, non-GAAP | 65.4%, vs 63.3% | — |
| Net income | $759M, +6.8% Y/Y | $2.04B, -8.5% Y/Y |
| Diluted EPS | $3.37, +6.6% Y/Y | $9.06, -8.3% Y/Y |
| Adjusted diluted EPS, non-GAAP | $3.62, +10% Y/Y | — |
- Revenue increased $423M; higher fuel surcharges accounted for 8 percentage points of growth. Adjusted results exclude merger-related expenses and the Eastern Ohio incident; 2025 adjusted results also exclude restructuring and other charges.
- First-nine-month operating cash flow was $2.72B vs $3.30B, down 18% Y/Y.
- No shares were repurchased in the first nine months of 2026, vs 2.2M shares repurchased and retired for $533M in the year-earlier period. Shares outstanding were 224.6M at 9/30/2026 vs 224.4M at 12/31/2025.
Guidance
No guidance in this filing.
The summary is written by an AI model reading the filing.
Model 005 · prompt v95 · 2026-10-22 14:34:37Z