Norfolk Southern reports higher Q2 FY26 revenue and EPS
Norfolk Southern Q2 2026 revenue rose 11% to $3.47 billion, with adjusted diluted EPS up 7% to $3.52.
Adjusted operating income climbed 5% to $1.2 billion, while the adjusted operating ratio widened 2.1 percentage points to 65.5%.
Adjusted operating expenses increased 15% to $2.27 billion, with the presentation citing higher fuel prices, other inflationary pressures, and higher volumes.
Intermodal revenue jumped 22% to $908 million on 5% volume growth to 1,064,100, while total volume rose 4% to 1,862,100.
NS raised 2026 adjusted operating expense guidance to $8.8 billion-$8.9 billion, citing a $400 million-$500 million incremental fuel impact; capex is expected at $1.9 billion.
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