CSX Q2 revenue beats on volume growth, fuel surcharges and higher pricing

Revenue growth was driven by increased fuel surcharge revenue and higher pricing across merchandise, intermodal and coal.

Management also cited a focus on safety and productivity as supporting improved financial performance.

CSX said it will focus on strengthening service execution in the second half of 2026.

The company reported Q2 revenue of $3.94 billion versus a consensus estimate of $3.90 billion from 17 analysts. Q2 net income was $1 billion.

The current average analyst rating on the shares is buy, with 17 strong buy or buy ratings, 7 hold ratings and 1 sell or strong sell rating.

Wall Street's median 12-month price target for CSX Corp is $53.00, about 6.2% above its July 21 closing price of $49.89. The stock recently traded at 24 times next-12-month earnings, versus 22 times three months ago.