Union Pacific Corporation (UNP) Q2 2025 10-Q Quarterly Report
Union Pacific Corporation (UNP) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 24, 2025 for the fiscal period ending Jun 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Union Pacific Corporation Q2 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $6.15B, up 2% YoY; freight revenues $5.84B, up 4%, driven by 4% volume increase and core pricing gains
- • Operating income $2.5B, up 5% YoY; operating ratio improved 59.0% vs 60.0% YoY (1.0 point improvement)
- • Best segment: Bulk freight revenues up 10% QoQ driven by 11% volume growth and coal volume up 31%; worst: Premium segment revenues down 4% QoQ
- • Operating cash flow $4.54B, up from $4.03B in prior year; free cash flow $1.11B vs $0.85B YoY
- • Management expects capital plan $3.4B in 2025, consistent with 2024; focus on growth, infrastructure, and fleet modernization; no material adverse risks noted
Risk Factors
- • No new or changed risk factors disclosed this quarter from most recent 10-K
- • Carried-forward legal risk: ongoing compliance with SEC and NYSE governance rules may lead to policy updates and related costs
- • Operational risk: dependence on timely electronic filing and disclosure processes could impact regulatory compliance and reputation
- • Competitive risk related to corporate governance transparency affecting investor confidence and market perception
- • No new financial risk updates on liquidity, debt maturity, or currency exposure this quarter
Union Pacific Corporation Q2 2025 Quarterly FinancialsXBRL
Revenue
$6.2B
▲ +2.4% YoY▲ +2.1% QoQ
Net Income
$1.9B
▲ +12.1% YoY▲ +15.4% QoQ
Net Margin
30.5%
▲ +263bp YoY▲ +351bp QoQ
Source: XBRL data from Union Pacific Corporation Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.
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