Short answer
Norfolk Southern (NSC) filed its Q1 2026 10-Q quarterly report on Apr 24, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $3.0B (up 0.2% year over year) with net income of $547M.
Q1 2026 key financials · XBRL
- Revenue
- $3.0B
- +0.2% YoY
- Net income
- $547M
- −27.1% YoY
- Operating margin
- 29.3%
- EPS (diluted)
- $2.43
- −26.6% YoY
Source: XBRL data from the Norfolk Southern (NSC) Q1 2026 10-Q on SEC EDGAR. USD.
Norfolk Southern Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2,998M, up $5M YoY; chemicals best performer at $567M, up 6%
- Operating margin 29.3% vs 38.3% YoY; operating ratio 70.7% vs 61.7%
- Intermodal worst performer at $749M, down 1%; units declined 4%
- Operating cash flow $344M vs $950M YoY; cash $1.3B vs $1.5B at December 31
- Fuel expense expected higher; merger restrictions suspended share repurchases with $6.3B authorized remaining
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Merger agreement restricts share repurchases without Union Pacific consent
- $6.3 billion remaining under repurchase authorization as of March 31, 2026
- Repurchases suspended upon entering the Merger Agreement
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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