First look: Norfolk Southern Q4 earnings

Norfolk Southern contiguous reported 4th fourth income fell 17% to $937 cardinal connected gross that was down 2% to $3 billion, arsenic freight volumes declined 4% from a twelvemonth ago.

Diluted net per stock were $2.87, down 36 cents, oregon 11%, compared to 4th fourth 2024. Taking retired expenses related to the projected merger with Union Pacific (NYSE: UNP) and ongoing costs of the East Palestine, Ohio, derailment, per stock net were $3.22, up 6%, y/y.

The Atlanta-based institution (NYSE: NSC) said existent 4th results included obstruction enactment income of $53 cardinal and a ample onshore merchantability that resulted successful a nett summation of $85 million.

The operating ratio successful the quarter, a cardinal indicator of efficiency, was 68.5% compared to 62.6% successful 4th fourth 2024.

For each of 2025, income from railway operations came to $4.4 billion, an summation of $285 million, oregon 7%, connected revenues of $12.2 billion, up $57 million, compared to afloat twelvemonth 2024.

Fuel surcharge gross declined $134 cardinal compared to 2024, oregon 1%. Adjusted income roseate 3% to $4.3 billion.

The operating ratio successful 2025 was 64.2%, an betterment of 220 ground points, from 66.4% successful 2024.

Diluted net per stock improved 10% to $12.75, an summation of 10% compared to 2024. Adjusted net totaled $12.49, up 5%.

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