News about NSC

Norfolk Southern reported quarterly EPS of $3.62, beating the $3.46 consensus estimate by $0.16, while revenue rose 13.6% year over year to $3.53 billion, above the $3.48 billion expected. On its conference call, the railroad said revenue excluding fuel rose 6% to a record and volumes grew 3% across merchandise, intermodal and coal. Higher fuel prices cut its operating-ratio outlook by roughly 250 basis points, with full-year adjusted operating expenses now expected to be just above $9 billion. The company raised its 2026 capital expenditure outlook to about $2.1 billion from $1.9 billion and said the proposed Union Pacific merger is important for more durable share gains. The stock rose $7.50 to $335.59 in mid-day trading on Thursday.