1、Union Pacific Reports Second Quarter 2025 ResultsDiluted earnings per share(EPS)of$3.15 and adjusted diluted EPS*of$3.03Operating ratio(OR)of 59.0%and adjusted OR*of 58.1%Revenue carloads up 4%Omaha,Neb.,July 24,2025 Union Pacific Corporation(NYSE:UNP)today reported 2025 second quarter net income of

2、$1.9 billion,or$3.15 per diluted share.Results compare to 2024 second quarter net income of$1.7 billion,or$2.74 per diluted share.Second quarter 2025 results include a deferred tax benefit of$115 million,or$0.19 per diluted share,partially offset by a crew staffing agreement of$55 million,or$0.07 pe

3、r diluted share.2025 second quarter adjusted net income*of$1.8 billion,or$3.03 per diluted share*,compares to 2024 second quarter adjusted net income*of$1.7 billion,or$2.71 per diluted share*.“We are delivering on our strategy and our second quarter results demonstrate our commitment to leading the

4、industry as we set new standards for safety,service,and operational excellence.”said Jim Vena,Union Pacific Chief Executive Officer.The foundation is built,we are growing with our customers,and we have strong momentum as we continue to maximize the value of our great franchise.”Second Quarter Summar

5、y:2025 vs.2024Financial Results:Operational Fluidity and Service Supporting Revenue Growth;Second Quarter Records for Freight Revenue and Operating IncomeOperating revenue of$6.2 billion grew 2%driven by higher volume and solid core pricing gains partially offset by reduced fuel surcharge,business m

6、ix,and lower other revenue.Freight revenue excluding fuel surcharge grew 6%.Reported operating ratio was 59.0%,an improvement of 100 basis points.Adjusted operating ratio*was 58.1%,an improvement of 230 basis points.Operating Results:Continued Improvement in Safety,Service,and Operational Excellence