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1、Union Pacific Reports Third Quarter 2025 ResultsDiluted earnings per share(EPS)of$3.01 and adjusted diluted EPS*of$3.08Operating ratio(OR)of 59.2%and adjusted OR*of 58.5%Operating revenue increased 3%Omaha,Neb.,October 23,2025 Union Pacific Corporation(NYSE:UNP)today reported 2025 third quarter net

2、income of$1.8 billion,or$3.01 per diluted share.Results include merger costs of$41 million,or$0.07 per diluted share.Adjusted 2025 third quarter net income*of$1.8 billion,or$3.08 per diluted share*compares to 2024 third quarter net income of$1.7 billion,or$2.75 per diluted share.Our third quarter re

3、sults serve as a proof point that we are successfully executing on our strategy said Jim Vena,Union Pacific Chief Executive Officer.We have a historic opportunity with the Norfolk Southern to create Americas first transcontinental railroad.As we work towards regulatory approval,our team is focused a

4、nd driving continued improvements in our pursuit of whats possible.Third Quarter Summary:2025 vs.2024Financial Results:Strong Operating Income Growth Driven by Increased Revenue and Operating Efficiency;Best Ever Quarter Record for Freight Revenue excluding Fuel SurchargeOperating revenue of$6.2 bil

5、lion grew 3%driven by solid core pricing gains,partially offset by lower fuel surcharge.Freight revenue excluding fuel surcharge grew 4%.Reported operating ratio was 59.2%,an improvement of 110 basis points.Adjusted operating ratio*was 58.5%,an improvement of 180 basis points.Operating Results:Conti

6、nued Momentum in Safety,Service,and Operational Excellence;Third Quarter Records for Freight Car Velocity and Locomotive Productivity and Best Ever Quarter Records for Terminal Dwell,Train Length,Workforce Productivity,and Fuel Consumption RateReportable personal injury rate and reportable derailmen