Norfolk Southern Q3 revenue revs up 14% to $3.5 billion
- Norfolk Southern reported record third-quarter 2026 railway operating revenue of $3.5 billion, up 14% year over year, supported by a 3% increase in freight volumes.
- Diluted earnings per share rose 7% to $3.37, while adjusted EPS increased 10% to $3.62, exceeding analysts' $3.47 estimate.
- Adjusted railway operating income increased 7% to $1.22 billion, although higher operating expenses pushed the adjusted operating ratio to 65.4%.
Norfolk Southern (NYSE:NSC) reported record third-quarter 2026 railway operating revenue of $3.5 billion, up 14%, supported by higher freight volumes.
Revenue growth accompanied a 3% increase in shipment volumes, while diluted earnings per share rose 7% to $3.37.
Adjusted earnings per share reached $3.62, exceeding analysts' $3.47 estimate, while railway operating income increased 5% to $1.15 billion.
The operating ratio increased to 67.4% from 64.6%, while merger-related expenses and Eastern Ohio incident effects totaled $70 million.
Norfolk Southern reported adjusted railway operating income of $1.22 billion, up 7%.
The adjusted operating ratio increased 210 basis points to 65.4%, reflecting higher operating costs relative to railway revenue.
Norfolk Southern previously reported second-quarter revenue of $3.5 billion and adjusted EPS of $3.52 while pursuing its proposed Union Pacific merger.
