Norfolk Southern raises 2026 adjusted operating expense forecast to about $9 billion
NSC•Norfolk Southern raised its 2026 adjusted operating expense forecast to about $9 billion from $8.2 billion–$8.4 billion. The outlook includes about $700 million in incremental fuel costs versus original guidance, while capital spending is expected to be about $2.1 billion.
1. Higher expense forecast
Norfolk Southern raised its 2026 adjusted operating expense forecast to about $9 billion from $8.2 billion–$8.4 billion. The revised outlook includes about $700 million in incremental fuel costs versus original guidance while accommodating higher volumes.
2. Capital spending
Capital spending is expected to total about $2.1 billion, remaining below the 2025 level.
