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联合太平洋Union Pacific Corporation(UNP)2025年第四季度及全年财务业绩演示报告「NYSE」(英文版)(14页).pdf

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1、FOURTH QUARTER 2025 EARNINGSFOURTH QUARTER 2025 EARNINGSJANUARY 27,2026JANUARY 27,2026UNION PACIFIC CORPORATIONUNION PACIFIC CORPORATIONCautionary InformationCertain statements in this presentation are“forward-looking statements”within the meaning of the“safe harbor”provisions of the Private Securit

2、ies Litigation Reform Act of 1995,as amended.These statements relate to future events or future financial performance and involve known and unknown risks,uncertainties,and other factors that may cause the Companys(or,as it relates to the Transaction(as defined below),the combined company of Norfolk

3、Southern and Union Pacific(referred to hereinafter as the combined company)actual results,levels of activity,performance,or achievements or those of the railroad industry to be materially different from those expressed or implied by any forward-looking statements.In some cases,forward-looking statem

4、ents may be identified by the use of words like“may,”“will,”“could,”“would,”“should,”“expect,”“anticipate,”“believe,”“project,”“estimate,”“intend,”“plan,”“pro forma,”or any variations or other comparable terminology.While the Company has based these forward-looking statements on those expectations,a

5、ssumptions,estimates,beliefs and projections they view as reasonable,such forward-looking statements are only predictions and involve known and unknown risks and uncertainties,many of which involve factors or circumstances that are beyond the Companys,including but not limited to,in addition to fact

6、ors disclosed in the Companys,as well as Norfolk Southerns(as it relates to the proposed combination of it with the Company)respective filings with the U.S.Securities and Exchange Commission(the“SEC”):the occurrence of any event,change or other circumstance that could give rise to the right of one o

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1. **2025年业绩表现**:全年营收24.5亿美元(+1%),净利润7.1亿美元(+6%),每股收益11.98美元(+8%),运营比率59.8%(与2024年持平)。 2. **核心业务亮点**:工业、化工、谷物及金属矿物板块实现增长;货运量提升,网络流动性增强,运营效率创纪录。 3. **2026年展望**:资本计划33亿美元,聚焦基础设施、技术及设备;目标实现中单位数EPS增长,运营比率持续优化,ROIC提升至16.3%。 4. **风险提示**:提及合并交易(诺福克南方)、经济波动、网络安全等潜在风险,强调前瞻性声明的不确定性。
**2026展望如何?** **业绩增长亮点?** **风险因素有哪些?**
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