Union Pacific Corp (UNP) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Earnings Press Release
10-Q Quarterly Report
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Union Pacific Corp
Ticker: UNP CIK: 100885

Exhibit 99.1

Union Pacific Reports Record Second Quarter Results

All-Time Best Quarterly Operating Ratio of 59.6%

FOR IMMEDIATE RELEASE

Second Quarter Results

Diluted earnings per share of $2.22 increased 12 percent.

Operating income totaled $2.3 billion, up 8 percent.

Operating ratio of 59.6 percent, improved 3.4 points.

Omaha, Neb., July 18, 2019

– Union Pacific Corporation (NYSE: UNP) today reported 2019 second quarter net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.5 billion, or $1.98 per diluted share, in the second quarter 2018.

“We delivered record second quarter financial results driven by exceptional operating performance, including an all-time best quarterly operating ratio of 59.6 percent,” said Lance Fritz, Union Pacific chairman, president and chief executive officer. “These results are a testament to the dedication of the men and women of Union Pacific, who are embracing Unified Plan 2020 and who worked closely with our customers to overcome numerous weather challenges.”

Second Quarter Summary

Operating revenue of $5.6 billion was down 1 percent in second quarter 2019, compared to second quarter 2018. Second quarter business volumes, as measured by total revenue carloads, decreased 4 percent compared to 2018. Growth in industrial volumes were more than offset by flat agricultural products shipments as well as declines in energy and premium. In addition:

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The following information was filed by Union Pacific Corp (UNP) on Thursday, July 18, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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